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Leading Growth Driver in the Medical Exoskeleton Market in 2025: Rising Incidence Of Spinal Cord And Brain Injuries Drives Growth In Medical Exoskeleton Market Driver's Influence
Medical Exoskeleton
The medical exoskeleton market is predicted to see growth fuelled by the rise in spinal cord and brain injuries. These injuries, which can cause major disruption of motor, sensory, and cognitive capabilities, relate to serious damage to the central nervous system. The incidence of spinal cord and brain injuries is primarily attributed to an increase in factors such as vehicular accidents, falls, athletic injuries, and acts of violence. Medical exoskeletons are commonly employed to aid mobility and promote rehabilitation in patients with such injuries, providing physical support and augmenting their abilities. A report released by the New Zealand Spinal Trust, a non-profit organization in New Zealand committed to aiding individuals with spinal cord injuries, indicated in November 2023 that the occurrence of spinal cord injuries (SCI) had escalated. The occurrence increased from 41 per million in 2021 to 45 per million in 2022. Hence, the surge in spinal cord and brain injuries is expected to enhance the growth of the medical exoskeleton market.
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How will the growth rate of the medical exoskeleton market shape industry trends by 2034?
The market for medical exoskeletons has seen a remarkable increase in size in the past few years. The exponential growth is expected to extend from a market worth $0.42 billion in 2024 to $0.53 billion in 2025, mirroring a compound annual growth rate (CAGR) of 25.3%. Reasons behind the surge during the historical period include a growing elderly population, a surge in neurological disorders, advancements in healthcare facilities, higher investment in rehabilitative technologies, and an increased rate of mobility impairments.
Predictions indicate a steep climb in the size of the medical exoskeleton market in the coming years, with an expected increase to $1.29 billion by 2029. This growth, with an estimated compound annual growth rate (CAGR) of 25.0%, can be traced back to several factors. These include a surge in usage in rehabilitation centers, better understanding and acceptance, and enhanced investments and alliances. It's also influenced by the escalating incidences of chronic diseases, advancements in battery longevity, and energy efficiency. Key trends to watch out for during the forecast period are the rise of at-home rehabilitation, the creation of lightweight and easily transportable designs, the incorporation with telemedicine platforms, and advancements in sensor technologies.
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What trends are poised to drive the future success of the medical exoskeleton market?
Recognized corporations in the medical exoskeleton market are concentrating on incorporating advanced power mechanisms to improve productivity and aid the nursing sector during personnel shortages. A smart robotic exoskeleton is a wearable machine created to boost the body's physical abilities. For example, in December 2023, German Bionic, a manufacturer of automated machinery based in Germany, unveiled the Apogee+ e-exoskeleton. This new model supports healthcare professionals by offering dynamic lifting aid and improving patient mobility. It can reduce back strain by up to 66 pounds (30 kg), assisting with activities such as patient transfers, medical assessments, and repositioning. The Apogee+ emphasizes safety with a sealed structure and specific grips for protection against physical dangers, making it the safest tool for both caregivers and patients. Its ergonomic backing seamlessly integrates robotic strength with a human-focused design, promoting optimal interactions between nurses and patients.
Which primary segments of the medical exoskeleton market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.
Who are the influential players reshaping the medical exoskeleton market landscape?
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
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What Is Covered In The Medical Exoskeleton Global Market Report?
•Market Size Forecast: Examine the medical exoskeleton market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical exoskeleton market for a structured understanding.
•Key Players Overview: Analyze major players in the medical exoskeleton market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical exoskeleton market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical exoskeleton market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical exoskeleton market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical exoskeleton market.
•Competitive Landscape: Review strategic developments in the medical exoskeleton market, including expansions, agreements, and new product launches.
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