Medical Exoskeleton Market Statistical Forecast, Trade Analysis 2024 -Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Exoskeleton Report LLC.

Medical Exoskeleton Market is estimated to reach at CAGR of 45.0% during the forecast period 2024-2031.

Exoskeletons are advanced wearable devices designed to augment human physical capabilities by providing additional strength and support to limb movements. These robotic suits or frames are typically powered by motors or hydraulic systems and are often used to enhance the physical strength of the wearer.

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Market Dynamics:

A low-cost exoskeleton manipulator with an enhanced multiple degrees of freedom sensory system is expected to drive market growth.

Rapid advancements in robotics and virtual reality are driving the need for more sophisticated human-machine interfaces to enable efficient parallel control. While exoskeletons provide a high-tech solution for tracking complex multi-dimensional human motions, they are often costly and require extensive data processing. A more affordable and universal alternative is the triboelectric bi-directional sensor, which offers a cost-effective method for monitoring all movable joints of the human upper limbs with minimal power consumption. This sensor can detect movements such as shoulder rotations with two degrees of freedom, wrist twisting, and bending motions, and use this data to control virtual characters and robotic arms in real time. Additionally, the kinetic analysis provided by this system yields further physical parameters without the need for additional sensors, thanks to its structural consistency with the human body. This innovative exoskeleton sensory system holds significant potential as a low-cost, high-tech interface for manipulating objects in both real and virtual environments, including applications in robotic automation, healthcare, and training. As a result, the market for such technology is expected to experience growth during the forecast period.

Segment Covered in the Medical Exoskeleton Market:

By Component: Hardware, Software.

By Type: Powered Exoskeleton, Passive Exoskeleton.

By Extremity: Lower Body Exoskeleton, Upper Body Exoskeleton.

By Application: Spinal Cord Injury, Trauma, Stroke, Cerebral Palsy, Others.

By End-User: Rehabilitation Centers, Physiotherapy Centers, Others.

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Key players involved in Medical Exoskeleton Market:

• Ekso Bionics Holdings, Inc.
• ReWalk Robotics Ltd.
• Exoskeleton Report LLC.
• Parker Hannifin Corp.
• CYBERDYNE Inc.
• Bionik Laboratories Corp.
• Gogoa Mobility Robots.
• Hocoma AG.
• Wearable Robotics SRL.
• B-TEMIA Inc.

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Product Portfolio:

Hocoma AG is a leading global company specializing in robotic and sensor-based devices for functional movement therapy. Established in 1996 as a limited liability corporation by electrical and biomedical engineers Gery Colombo and Matthias Jörg, and economist Peter Hostettler, the Swiss firm is renowned for its innovative therapy solutions. Hocoma collaborates with top clinics and research institutions to develop cutting-edge technologies.

The company is headquartered near Zurich, Switzerland, and operates subsidiaries in the United States, Singapore, and Slovenia, employing approximately 160 people. Hocoma's workforce is notably diverse, with employees from 25 different countries; 35% of the staff at its Swiss headquarters are international. This global presence underscores Hocoma's commitment to international collaboration and innovation in the field of movement therapy.

Regional Analysis:

The global Medical Exoskeleton Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Medical Exoskeleton Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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