Medical Exoskeleton Market to Surpass USD 6.16 Billion by 2030 at an Impressive CAGR of 45.3%

PRESS RELEASE
Published March 2, 2023

The study and estimations of the significant Medical Exoskeleton Market report helps to figure out types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. This marketing report gives an absolute background analysis of the industry which includes an assessment of the parental market. The market report also puts light on historic data, present market trends, future products environment, marketing strategies, technological innovation, upcoming technologies, emerging opportunities, and the technical progress in the related industry. CAGR levels for the market with respect to its rise or fall are estimated in the winning Medical Exoskeleton Market report for the forecast period of 2022 to 2029.

Data Bridge Market Research analyses that the medical exoskeleton market which is USD 0.31 billion in 2022, is expected to reach USD 6.16 billion by 2030, at a CAGR of 45.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The research provides information on the most accurate revenue predictions for the overall market and its sectors in order to help market leaders and new entrants. The purpose of this study is to better understand the competitive environment so that stakeholders can build appropriate go-to-market strategies. The market size, characteristics, and growth of the Medical Exoskeleton industry are broken down in this report by type, application, and consumption area. Additionally, the effectiveness of key market segments, such as cost of manufacturing, dispatch, application, volume of usage, and arrangement, is evaluated.

The widespread Medical Exoskeleton report has been built with the appropriate expertises that utilize established and unswerving tools and techniques such as SWOT analysis and Porter’s Five Forces analysis to conduct the research study. To attain knowhow of market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour, this premium market research report is very crucial. The report also identifies and analyses the intensifying trends along with major drivers, challenges and opportunities in the market. An excellent Medical Exoskeleton market report is a source of information about Healthcare industry which puts forth current and upcoming technical and financial details of the industry to 2029.

Competitive Outlook:

The report also includes company profiles, revenue sharing, and SWOT analysis of the key participants in the Medical Exoskeleton Market. You may keep one step ahead of the competition by using the Medical Exoskeleton industry research, which provides a complete assessment of the crucial factors that are changing. The drivers, restraints, weaknesses, opportunities, and threats in the global market can all be found using these market measurement techniques.

The market size, revenue generated from the sales and technologies by various application segments are properly evaluated in the large scale Medical Exoskeleton market survey report. The market research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. Estimates at a global as well as regional level are offered by the analysts. The industry report compiles comprehensive intelligence studies that explore almost every aspect of the global market. The data and information is extensively researched and analyzed in the global Medical Exoskeleton business report to direct market players to improve their business planning and ensure long-term success.

Key companies operating in the market are

Ekso Bionics (U.S.)
ReWalk Robotics (Israel)
PARKER HANNIFIN CORP (U.S.)
CYBERDYNE INC. (Japan)
BIONIK (Canada)
Rex Bionics Ltd., (U.K.)
B-Temia (Canada)
Bioventus (U.S.)
Hocoma (Switzerland)
Wearable Robotics srl (Italy)
ExoAtlet (Luxembourg)
Meditouch (Israel)
Suit X (U.S.)
MarsiBionics (Spain)
Rehab-Robotics Company Limited (Hong Kong)
Myomo Inc. (U.S.)
Focal Meditech (Netherlands)
Honda Motor Co., Ltd. (Japan)
Wandercraft (France)
MEDEXO ROBOTICS (Hong Kong)

Market Overview:

According to the WHO, 15% of the global population (an estimated 1.1 billion people) is disabled. The rising number of people with physical disabilities has fueled the expansion of the global medical exoskeleton market. Medical exoskeletons are used to power disabled, injured, or vulnerable people suffering from a variety of medical conditions such as SCI, neuropathy, major trauma such as stroke, and cerebral palsy. These medical exoskeletons are typically used in monitored settings such as hospitals and rehab centres under the supervision of medical professionals.

Report Coverage:

We offer our reports, which are conducted using a thorough evaluation methodology that places a strong emphasis on supplying accurate information. Our researchers have used a data triangulation technique, which helps us even more in providing precise estimation and thoroughly testing the general market dynamics. Additionally, in order to provide stakeholders and business experts with the most current information, our analysts have been granted admission to various geographically and globally financed registers.

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Drivers and Restraints:

The Medical Exoskeleton market drivers are acknowledged for their aptitude to show how their actions can affect the market’s overall expansion over the course of the predicted period. In order to identify potential emerging trends in the industry, a thorough examination of the significance of the driving forces and potential barriers that market participants may encounter in the Medical Exoskeleton market is undertaken. The limitations of the Medical Exoskeleton market may draw attention to issues that could impede the expansion of the rising market. Businesses should be able to widen their solutions to problems as a result of understanding the negative aspects of the Medical Exoskeleton market, which will increase their ability to influence the pessimistic outlook.

Market Scope:

The medical exoskeleton market is segmented on the basis of component, type, mobility and extremity. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Hardware

Sensors

Actuators

Pneumatic actuator

Hydraulic actuator

Electric actuator

Mechanical

Shape memory alloy actuator

Others

Power Sources

Control Systems

Others

Software

Type

Powered Exoskeleton

Passive Exoskeleton

Mobility

Stationary

Mobile

Extremity

Lower Extremity

Upper Extremity

Full Body

Market Opportunities:

In addition to outlining the reasons that have driven and will continue to fuel the industry’s growth, the research looks at some of the major market prospects. It takes into account past growth patterns, growth factors, and present and upcoming trends.

Key Reasons to Buy this Report:

⁃ Utilize current information gathered by our own researchers. This gives you access to historical and projected data that is analysed to reveal the reasons the Medical Exoskeleton industry is changing; this enables you to foresee market changes and preserve a competitive advantage.

⁃ The clear graph, succinct analysis, and table style make it easy to get the data you need.

⁃ Defines the region and market sector most likely to see rapid growth and market dominance.

⁃ A geographical analysis showing the factors influencing the market in each region as well as how the product or service is used there.

⁃ Detailed company profiles for the major market players, including executive summaries, corporate insights, product benchmarking, SWOT analysis, and information on recent service/product launches, business expansions, and acquisitions by the companies profiled.

⁃ A forecast of the market for the sector’s current and upcoming years that takes into consideration recent changes, such as growth prospects, drivers of that growth, and challenges and constraints in both emerging and developed economies.

⁃ Provides information on potential future market growth as well as industry knowledge through a Value Chain – Market Dynamics scenario.

TOC in Brief:

1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 REGULATORY FRAMEWORKS

Continued..

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What Does This Report Provide:

➣ What will be the size of the markets and the pace of growth in 2029?
➣ What is the anticipated rate of growth for the Medical Exoskeleton market?
➣ How big will the Medical Exoskeleton market be during the projection period?
➣ What are the main driving factors that have altered the course of the Medical Exoskeleton industry?
➣ Which key vendors are leading the Medical Exoskeleton industry in various regions?
➣ How do they beat the competition by using winning strategies?
➣ What threats and obstacles are anticipated to impede the development of the Medical Exoskeleton sector in various nations?
➣ What are the main chances that entrepreneurs can count on for the foreseeable future?
➣ What are the key conclusions of the five-point analysis of the Medical Exoskeleton market?

By employing definite steps to collect, record, and analyse market data, the large-scale Medical Exoskeleton Market research report has been prepared. In addition to detailing about competitive landscape of the key players, this report also offers complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology. This industry analysis report helps uncover the general market conditions and tendencies. Medical Exoskeleton Market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.

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