Medical Exoskeleton Market Research to Forecast Growth and Determine Market Size

The global medical exoskeleton market size is expected to reach USD 6.25 Billion at a steady revenue CAGR of 45.0% in 2030, according to the latest analysis by Emergen Research. Large investments in the development of exoskeleton technology is driving revenue growth of the medical exoskeletons market. For instance, exoskeleton developer Wandercraft secured USD 45 million in Series C funding. Wandercraft is situated in Paris. The cash will be used by the business to develop and market a personal exoskeleton for use in the outdoors and at home, as well as hasten the introduction of Wandercraft's Atalante rehabilitation exoskeleton in the U.S. Atalante is a lower-body exoskeleton that can balance itself and mimics how individuals walk. In 2017, the business started the exoskeleton's clinical trials. In 2019, many drugs received Conformité Européene (CE) marking. With the use of the company's hands-free function, the exoskeleton is made to enable the wearer to move their upper body and torso without restriction. Exoskeletons are used to help physical therapy patients move more quickly and comfortably.

The latest research report by Emergen Research, named ‘Global Medical Exoskeleton Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Medical Exoskeleton Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Medical Exoskeleton Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Medical Exoskeleton Market

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Medical Exoskeleton market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Cyberdyne Inc., Ekso Bionics, ReWalk Robotics, Bionik, Rex Bionics Ltd., Parker Hannifin Corp., B-Temia, Bioventus, Hocoma, and Wearable Robotics srl

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Emergen Research has segmented the global Medical Exoskeleton market on the basis of type, application, end-use, 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

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Medical Exoskeleton Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Medical Exoskeleton Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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