Wearable Medical Robot Market 2023 Statistics, Size Estimation, Emerging Trends, Outlook to 2029 | Intuitive Surgical, TransEnterix, Medrobotics, Verb Surgical, Johnson & Johnson, MEDTECH

Published April 24, 2023

The Global Wearable Medical Robot market 2023-2029 is an extensive market research report which offers industry analysis with a historical & futuristic outlook for the following parameters; market size, revenue, demand, and supply data. The report includes comprehensive information on the market drivers, key trends and challenges, a deep examination of technology trends, opportunities, value chains, future roadmaps, and strategies. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the current scenario. The report consists of SWOT, PESTEL, and Porter’s 5-forces analysis frameworks. This organization ensures qualified and verifiable aspects of market data operating in the real- time scenario.

Top Leading companies covered in this report: Intuitive Surgical, TransEnterix, Medrobotics, Verb Surgical, Johnson & Johnson, MEDTECH, Titan Medical, Microbot Medical, CyberKnife System, Ekso Bionics Holdings

Wearable Medical Robot Market is expected to grow at a high CAGR (Compound Annual Growth Rate) of around 22.3% from 2023-2029.

According to FMI's analyst, the wearable medical robot revolution will  reach $2 billion in revenue by 2032. What main reasons exist for the demand  for wearable medical robots? - Textile Magazine, Textile

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Recent Launches

  1. ReWalk Robotics – In 2021, ReWalk Robotics launched its new product, the ReStore Exo-Suit, which is a soft exoskeleton designed to help individuals with lower limb disabilities to walk and regain mobility.
  2. Bionik Laboratories – In 2020, Bionik Laboratories launched its new product, the InMotion ARM, which is a wearable robotic device designed to assist individuals with upper limb disabilities to perform functional tasks.
  3. Ekso Bionics – In 2020, Ekso Bionics launched its new product, the EksoNR, which is a robotic exoskeleton designed to help individuals with mobility impairments due to stroke, spinal cord injury, or other neurological conditions to regain movement and independence.
  4. Parker Hannifin – In 2020, Parker Hannifin launched its new product, the Indego Therapy Exoskeleton, which is a wearable robotic device designed to help individuals with spinal cord injuries to improve their gait and walking ability.
  5. SuitX – In 2019, SuitX launched its new product, the Phoenix Medical Exoskeleton, which is a lightweight and adjustable exoskeleton designed to assist individuals with mobility impairments due to spinal cord injuries.

These recent launches in the Wearable Medical Robot market reflect the growing demand for advanced medical technologies that can help individuals with mobility impairments and physical disabilities to regain their independence and improve their quality of life. The market is expected to continue to see new product launches and innovations in the coming years, as the adoption of wearable medical robots continues to grow.

Market Insights

The growth of the Wearable Medical Robot market is primarily driven by the increasing prevalence of physical disabilities and the growing geriatric population. Additionally, the adoption of advanced technologies such as robotics, AI, and IoT in wearable medical robots is expected to further drive the growth of the market.

The exoskeleton segment is expected to dominate the market in terms of product type, due to the increasing adoption of exoskeletons for rehabilitation and mobility assistance. The soft exoskeleton segment is also expected to grow significantly due to its lightweight and flexible design, which allows for comfortable and natural movement.

Wearable Medical Robot Market Segmentation:

Market Segmentation by Types

Prosthetic Robots

Assistive Robots

Orthotics Robots

Therapeutic Robots


Crucial Applications of the Wearable Medical Robot Market are:



Ambulatory Surgical Centers

Regional Analysis:

The report’s primary insights into various regions and the major companies involved in each one are provided in this section. When evaluating a region’s or country’s growth, economic, social, environmental, technological, and political issues have all been taken into account. Additionally, each country’s and region’s revenue and sales information for the years 2018 through 2029 will be made available to readers.

The market has been divided into four key regions: North America, Europe, Asia-Pacific, and South America. The regional part will include a thorough analysis of important nations like the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India. Data will be provided for the market estimations using 2022 as the base year, followed by estimates for 2023 and a forecast value for 2029.

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Key questions answered by this report

─What is the growth potential of the Wearable Medical Robot market?

─Which product segment will take the lion’s share?

─Which regional market will develop as a pioneer in the coming years?

─Which application segment will experience strong growth?

─What growth opportunities might arise in the industry in the years to come?

─What are the most significant challenges that the Wearable Medical Robot market could face in the future?

─Who are the leading companies in the Wearable Medical Robot market?

─What are the leading trends that are completely impacting the growth of the market?

─What growth strategies are the players considering to stay in the Wearable Medical Robot market?

Detailed TOC of Global Wearable Medical Robot Market 2023 by Company, Regions, Type, and Application, Forecast to 2029

Chapter 1 Wearable Medical Robot Market Overview

Chapter 2 Wearable Medical Robot Market competition, Overview/Analysis, Strategies

Chapter 3 Market capacity, Production, Revenue (Value) by Regions (2023-2029)

Chapter 4 Wearable Medical Robot Market Supply (Production), Consumption, Export, Import (2023-2029)

Chapter 5 Global Wearable Medical Robot Market Regional Highlights

Chapter 6 Industry Chain, Sourcing Strategies and Downstream Buyers

Chapter 7 Marketing Strategy Analysis, Distributors/Traders

Chapter 8 Analysis of Market Influence Factors

Chapter 9 Market Decisions in Current Scenarios

Chapter 10 Global Wearable Medical Robot Market Forecast (2023-2029)

Chapter 11 Case Studies

Chapter 12 Research Findings and Conclusions

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“Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the market

The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war.”

Conclusion: At the end of the Wearable Medical Robot Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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