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Healthcare Wearable Robots Market Size
- Report ID: GMI5447
- Published Date: Sep 2024
- Report Format: PDF
Healthcare Wearable Robots Market Size
The healthcare wearable robots market was valued at USD 443 million in 2023 and is expected to exhibit growth at a CAGR of 29.1% from 2024 to 2032. High market growth can be primarily attributed to rising incidence of disabilities, increasing focus on patient independence, supportive government initiatives and funding, and growing interest in exoskeletons.
With rising healthcare expenditures and increased demand for innovative rehabilitation solutions, healthcare organizations are increasingly adopting exoskeletons. This trend has encouraged greater investment from both public and private sectors to advance technologies that improve mobility and patient outcomes. For instance, in June 2024, Ekso Bionics Holdings, Inc. announced that it has signed a research partnership with Shepherd Center, a rehabilitation hospital in Atlanta, U.S. This partnership will enable the company to incorporate its Ekso Indego and EksoNR devices across all rehabilitation and community network centers to provide improved patient support.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Healthcare Wearable Robots Market Size in 2023: | USD 443 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 29.1% |
| 2024 – 2032 Value Projection: | USD 4.5 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 245 |
| Segments covered: | Product Type, Structure, Material, Body Part, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Additionally, patients with Parkinson’s and other muscle-related diseases often require long-term rehabilitation to manage symptoms and improve mobility. Wearable robots offer an innovative solution for rehabilitation, as they provide physical support and allow patients to participate in more effective and intensive rehabilitation exercises. The demand for rehabilitation services is growing as the number of patients with these diseases increases, leading to higher adoption of wearable robotic devices.
Healthcare wearable robots are advanced robotic devices that are worn on the body to assist with movement, rehabilitation, or support for individuals with mobility impairments or muscle-related conditions. These robots are typically designed in the form of exoskeletons or robotic suits, which enhance or restore physical capabilities for patients with disabilities, injuries, or neurodegenerative diseases such as Parkinson’s, stroke, or spinal cord injuries.
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Healthcare Wearable Robots Market Scope
