Medical Exoskeleton Market was valued at US$ 0.2 Bn. in 2021. Global Medical Exoskeleton Market size is expected to grow at a CAGR of 36.2 % through the forecast period.
Medical Exoskeleton Market
Medical Exoskeleton Market Overview
As per Maximize Market research, a global business research and consultancy firm, the total global market for Medical Exoskeleton Market was USD Soy Protein Concentrate Bn in 2021 and is expected to grow at a CAGR of Soy Protein Concentrate percent over the forecast period to reach USD Soy Protein Concentrate Bn by 2029. Innovative technologies for Soy Protein Concentrate are expected to drive market growth.
A wearable electromechanical device known as a medical exoskeleton was created to help patients with mobility difficulties recover from their injuries and motor function in their partly or fully paralyzed lower extremities. The gadgets can improve biological abilities, such as orthotics devices that help people regain their ability to walk or move. This wearable gadget thereby allows patients more mobility, strength, and endurance. People with physical disabilities including spinal cord injuries, neurological disorders, paralysis, or elderly individuals live better due to medical exoskeletons.
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Medical Exoskeleton Scope
The report provides current Medical Exoskeleton trends and future insights in terms of demand, supply, and sales, as well as recent changes. The Medical Exoskeleton report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The Medical Exoskeleton report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global Medical Exoskeleton research report. The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Medical Exoskeleton growth in different nations.
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Segmentation
Based on Type, the powered segment dominated the market with 57% share in 2021.The rising demand for personal safety and performance, as well as the existence of multiple controlling features and sensors to monitor tilt, speed, and motion, are major drivers of the growth of this segment. The increasing usage by construction personnel to move large things is likely to support the growth of this market. The existence of various regulating functions and sensors in this type of exoskeletons to measure tilt, speed, and motion is also boosting the segment's growth.
Based on the Extremity, the lower extremity Medical Exoskeletons segment dominated the market with 42% share in 2021. This can be attributed to their benefits, such as a rise in neurological injuries, which can lead to significant muscle weakness as well as impaired motor control, severely affecting individuals' gait and motion abilities. Another important factor driving the increased need for lower extremity exoskeletons is orthopedic rehabilitation training, which typically entails performing certain motions to induce motor plasticity and, eventually, better motor recovery. Patients must develop their musculoskeletal power and motor control while minimizing functional limitations.
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Key Players
• ReWalk Robotics Ltd. (Israel)
• Lockheed Martin Corporation (U.S.)
• Parker Hannifin Corporation (U.S.)
• Ekso Bionics Holdings, Inc. (U.S.)
• Hyundai Motor Company (South Korea)
• Bionik Laboratories Corporation (U.S.)
• Myomo, Inc. (U.S.)
• Honda Motor Co. Ltd. (Japan)
• Technaid. S.L. (Spain)
• Gogoa Mobility Robots SL (Spain)
• Suitx Inc. (U.S.)
• Otto Bock HealthCare GmbH (Germany)
• Wearable Robotics SRL (Italy)
• DIH Technologies Corporation (Switzerland)
Regional Analysis
Soy Protein Concentrate Region dominated the Medical Exoskeleton in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Medical Exoskeleton growth in the region. The Medical Exoskeleton report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Medical Exoskeleton Report are:
· What is Medical Exoskeleton ?
· What is the forecast period of the Medical Exoskeleton ?
· What is the competitive scenario of the Medical Exoskeleton ?
· Which region held the largest market share in the Medical Exoskeleton ?
· What are the opportunities for the Medical Exoskeleton ?
· What factors are affecting the Medical Exoskeleton growth?
· Who are the key players of the Medical Exoskeleton ?
· Which company held the largest share in the Medical Exoskeleton ?
· What will be the CAGR of the Medical Exoskeleton during the forecast period?
· What key trends are likely to emerge in the Medical Exoskeleton in the coming years?
Key offerings:
· Market Share, Size, and Forecast by Revenue|2022-2029
· Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
· Market Segmentation: A detailed analysis by Soy Protein Concentrate
· Landscape- Leading key players and other prominent key players.
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Medical Exoskeleton Market size , Medical Exoskeleton Market share , Medical Exoskeleton Market Analysis
Mar 14, 2023
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