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Top Factor Driving Medical Exoskeleton Market Growth in 2025: Rising Incidence Of Spinal Cord And Brain Injuries Drives Growth In Medical Exoskeleton Market
Medical Exoskeleton Global Market Report 2025
In recent times, the growth of the medical exoskeleton market size has been astronomical. It is projected to expand from $0.42 billion in 2024 to $0.53 billion in 2025, with a compound annual growth rate (CAGR) of 25.3%. The historical growth has been driven by factors such as the increase in the aging population, escalating occurrence of neurological disorders, enhancements in healthcare infrastructure, increased funding in rehabilitation technologies, and a rising incidence of mobility restrictions.
The market size for medical exoskeletons is anticipated to undergo rapid expansion in the coming years, potentially reaching $1.29 billion by 2029 with a compound annual growth rate (CAGR) of 25.0%. The growth during this forecast period can be credited to factors such as increased usage in rehabilitation facilities, heightened awareness and acceptance, a surge in investments and collaborations, a growing number of chronic disease cases, augmented battery lifespan, and greater energy efficiency. Future trends include a shift towards home-based rehabilitation, advancements in the creation of lightweight and portable designs, synchronization with telemedicine platforms, and forward strides in sensor technologies.
What Are the Primary Growth Drivers for the Medical Exoskeleton Market?
The surge in brain and spinal cord injuries is projected to fuel the expansion of the medical exoskeleton market in the future. Brain and spinal cord injuries can lead to significant motor, sensory, and cognitive function impairments as they are traumatic damages to the central nervous system. The rise in these injuries is mainly attributable to an increase in vehicle accidents, falls, sports-related injuries, and acts of violence. Medical exoskeletons are utilized to aid mobility and rehabilitation for these injuries by providing support and enhancing the physical abilities of the user. For instance, a report issued by the New Zealand Spinal Trust in November 2023, a nonprofit group based in New Zealand that aids individuals with spinal cord injuries, highlighted an increase in the incidence of spinal cord injuries (SCI) - from 41 per million in 2021 to 45 per million in 2022. Consequently, the surge in brain and spinal cord injuries is expected to propel the growth of the medical exoskeleton market.
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Who Are the Dominant Companies Influencing Medical Exoskeleton Market Trends?
Major companies operating in the medical exoskeleton market are Honda, Panasonic Holdings Corporation, Parker Hannifin Corporation, Ottobock SE & Co KGaA, DIH International Limited, Fourier Intelligence, Cyberdyne Inc., GBS German Bionic Systems GmbH, Hocoma AG, Neofect, Bionic Yantra, Ekso Bionics Holdings Inc., Hexar Humancare, MediTouch, Suit X, ReWalk Robotics, Rex Bionics Ltd., Human Motion Technologies LLC, Guangzhou Yikang Medical Equipment, NextStep Robotics, Marsi Bionics, Focal Meditech, Gogoa Mobility Robots, B-Temia, Rehab-Robotics Company Limited, Roam Robotics, Bionik Laboratories Inc
How Is the Medical Exoskeleton Market Evolving?
Big players in the medical exoskeleton market are focusing on incorporating smart power mechanism technologies, aiming to boost employee productivity and aid the nursing field amidst a labor crisis. A smart robotic exoskeleton is a wearable technological device conceived to enhance human bodily faculties. For instance, in December 2023, German Bionic, an industrial automation firm in Germany, introduced the brand-new Apogee+ e-exoskeleton, aimed to assist healthcare professionals by offering active lifting support and promoting patient mobility. It reduces up to 66 pounds (30 kg) of back stress, aiding in tasks such as patient transfers, medical check-ups, and patient repositioning. The Apogee+ is equipped with a safety-prioritized design with a sealed structure and specially designed grips to shield against physical hazards, declaring it to be the safest tool for both caregivers and patients. Its ergonomic backing also endorses optimal interactions between nurses and patients by amalgamating robotic strength with a design focused on human aspects.
What Are the Different Segmentations in the Medical Exoskeleton Market?
The medical exoskeletonmarket covered in this report is segmented -
1) By Type: Powered Exoskeletons, Passive Exoskeletons
2) By Component: Hardware, Software
3) By Mobility: Stationary, Mobile
4) By Extremities: Lower, Upper, Full Body
5) By Application: Spinal Cord Injury, Stroke, Other Applications
Subsegments:
1) By Powered Exoskeletons: Lower Limb Exoskeletons, Upper Limb Exoskeletons, Full-Body Exoskeletons, Rehabilitation Exoskeletons, Industrial Exoskeletons
2) By Passive Exoskeletons: Lower Limb Passive Exoskeletons, Upper Limb Passive Exoskeletons, Posture-Support Exoskeletons, Assistive Devices for Daily Living
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Which Region Is at the Forefront of the Medical Exoskeleton Market?
North America was the largest region in the medical exoskeleton market in 2024. The regions covered in the medical exoskeleton market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Exoskeleton Global Market Report?
- Market Size Analysis: Analyze the Medical Exoskeleton Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Exoskeleton Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Exoskeleton Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Exoskeleton Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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