Press release
Medical Exoskeleton Market to Witness Rapid Growth, Projected CAGR at 45.0% Through 2030
Medical Exoskeleton Market
The latest market intelligence study, called "Global Medical Exoskeleton Market Forecast to 2028," jots down some of the most prominent growth potentials of the global Medical Exoskeleton market. The report is primarily targeted at the industry stakeholders looking to capitalize on this report's contents to make improved business decisions. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario. The insightful data & information provided by this report are gathered from various primary and secondary sources.
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Globally, around 1.3 billion people-nearly one in six-live with some form of significant disability. These individuals face challenges ranging from early mortality and chronic diseases to limited access to healthcare and transportation. This growing need for effective mobility and rehabilitation solutions is fueling demand for advanced medical exoskeletons.
Key Market Drivers
One of the major factors contributing to the growth of the medical exoskeleton market is the rise in research partnerships. For example, Agilik Technologies Inc. and the U.S. National Institutes of Health (NIH) are collaborating on a clinical trial to evaluate a lower-limb exoskeleton for children with conditions like cerebral palsy and muscular dystrophy. Unlike traditional robotic devices, Agilik's exoskeleton, ExoStep, works with the wearer to enhance movement and muscle strength.
Another emerging trend is the use of exoskeletons in oral health. Recent research introduced a jaw rehabilitation exoskeleton that improved muscle activity and saliva secretion-signaling new possibilities for helping people with oral and jaw disorders.
Market Challenges
Despite promising advances, regulatory hurdles pose a significant challenge. Medical exoskeletons must meet strict safety standards, and the limited number of relevant international regulations can delay approvals. Additionally, technical limitations in current designs-such as navigating uneven surfaces or managing twisting movements-can lead to risks like fatigue or even injuries.
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Segment Insights
By Type: Passive exoskeletons, which do not use motors, held the largest market share in 2021. These systems help redistribute weight and reduce strain. However, powered exoskeletons-offering added strength and support-are gaining traction, especially in rehabilitation settings.
By Extremity: Devices for the lower body dominate the market, driven by the need to assist those recovering from spinal injuries or mobility impairments. Full-body exoskeletons are also growing in demand, providing comprehensive support for users to lift, walk, or stand more effectively.
By Structure: Rigid exoskeletons, often made from metal or carbon fiber, accounted for the largest share in 2021. However, soft exoskeletons are expected to grow faster due to their lightweight design and improved comfort. These wearable systems use soft, flexible materials, making them better suited for daily use.
Outlook
As the population ages and chronic health conditions rise, the global need for medical exoskeletons will continue to expand. Ongoing innovations and growing clinical research are opening new avenues, from traditional mobility rehabilitation to novel areas like oral health. However, regulatory clarity and improvements in usability will be crucial for sustained growth.
The leading contenders in the global Medical Exoskeleton market are listed below:
Cyberdyne Inc.
Ekso Bionics
ReWalk Robotics
Bionik
Rex Bionics Ltd.
Parker Hannifin Corp.
B-Temia
Bioventus
Hocoma
Wearable Robotics srl
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Medical Exoskeleton Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global medical exoskeleton market on the basis of component, type, extremity, structure, and region:
Component Outlook (Revenue, USD Million; 2019-2030)
Hardware
Sensors
Gyroscopes
Microphones
Accelerometers
Tilt Sensors
Force/Torque Sensors
Position Sensors
Others
Actuators
Electrical
Pneumatic
Hydraulic
Piezoelectric
Power Sources
Control Systems/Controllers
Others
Software
Type Outlook (Revenue, USD Million; 2019-2030)
Powered
Passive
Extremity Outlook (Revenue, USD Million; 2019-2030)
Lower Extremity
Upper Extremity
Full Body
Structure Outlook (Revenue, USD Million; 2019-2030)
Rigid Exoskeletons
Soft Exoskeletons
Regional Outlook of the Medical Exoskeleton Market
The global Medical Exoskeleton market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Medical Exoskeleton market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Medical Exoskeleton Market report:
The latest report comprehensively studies the global Medical Exoskeleton market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.
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