Medical Exoskeleton Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2030

Medical Exoskeleton Market
Medical Exoskeleton Market

The goal of the most recent market intelligence report, “Global Medical Exoskeleton Market“, is to provide the intended audience with essential details about the global keyword industry. Accordingly, Emergen Research’s report on the Medical Exoskeleton Market is an in-depth compilation of the most important aspects of the market, such as product offerings by key players, wide range of applications. of these products, key market segments, key competitors, company profile, pricing strategy, production capacity, revenue generation strategy, technological advancement, etc. The global economic landscape has been dramatically altered by the pandemic, disrupting the workings of the keyword market. Organizations have been forced to respond effectively to the rapidly changing business environment due to the severe global crisis. Additionally, the report provides an assessment of the immediate and predictable impacts of the pandemic on the Medical Exoskeleton industry. Key drivers, constraints, opportunities, limitations, threats and micro and macroeconomic factors of the Medical Exoskeleton Market are all discussed in detail in the report. The current market situation and underlying growth prospects are discussed in detail in the report. An organized database of keyword market dynamics is included in the report, helping market analysts estimate the growth rate of the global market over the forecast period. The Medical Exoskeleton market report provides a comprehensive look at the past, present, and anticipated revenues for each industry vertical, segment, end-use industry, application, region, and industry vertical. The report conducts extensive research on the factors that have an impact on the expansion of the Medical Exoskeleton market as well as the expansion of the industry. The report goes into great detail about the benefits and drawbacks of the pandemic for the Medical Exoskeleton industry. The Medical Exoskeleton industry’s dynamics have changed as a result of economic volatility and disruptions to the supply chain. The report looks at how the pandemic affected the market’s most important segments and regions.

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. One major factors, which could restrain revenue growth of the market is regulatory difficulties in obtaining approvals for medical exoskeletons. The manufacturer’s technical design expertise and skills can be crucial during the testing of the product. Exoskeletons designed for medical use must be closely examined as the breakdown of a piece of medical equipment can have devastating consequences. Only a few standards are currently applicable to the exoskeleton industry. The U.S. Food and Drug Administration (FDA) acknowledges the International Organization for Standardization (ISO) standards that are appropriate for the relevant industries, and only products that have gained regulatory clearances can be marketed. Despite substantial advancements, users of powered lower-limb exoskeletons still have trouble navigating uneven or slippery surfaces. Users rotating while carrying products run the risk of easily exhausting themselves since the prototype cannot manage it yet.

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The global Medical Exoskeleton market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Medical Exoskeleton market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Leading companies profiled in the report:

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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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • 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

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