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Medical Exoskeleton Market Trends

  • Report ID: GMI9274
  • Published Date: Apr 2024
  • Report Format: PDF

Medical Exoskeleton Market Trends

  • The integration of artificial intelligence (AI), and cloud computing to improve personalized recovery and ease of handling are anticipated to drive the demand for medical exoskeletons, globally.
     
  • The development of exoskeletons for full-body support and the use of soft materials for increased comfort and range of motion are noteworthy advancements in this field, that aim to increase the adoption rate among users. For instance, the development of suitX, by Ottobock, a full-body exoskeleton supports the complete body and relieves the wearer's weight during various activities, making it easier for individuals with disabilities and injuries to move again.
     
  • Some medical exoskeletons enable reading nerve signals directly from the brain to activate the device, providing FES while controlling the exoskeleton. This integration can be particularly helpful for individuals with paraplegia.  
     
  • Additionally, technological advancement has enabled the medical exoskeletons to be tied to screens and computer games to make completing repetitive tasks more entertaining and engaging. These technological advancements offer more efficient outcomes, thereby driving the market growth.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size for medical exoskeleton was valued at USD 428.4 million in 2023 and is expected to grow at 30.6% CAGR during 2024-2032, owing to rising prevalence of neurological diseases and injuries.

The hardware segment in the medical exoskeleton industry recorded USD 322.4 billion in 2023, driven by continuous advancements in materials science, biomechanics, and robotic prosthetics.

North America market generated USD 188 million in revenue in 2023, attributed to advanced healthcare infrastructure, including well-equipped hospitals, rehabilitation centers, and research institutions.

B-Temia CYBERDYNE INC., Ekso Bionics, ExoAtlet, Hocoma , Honda Motor Co., Ltd., PARKER HANNIFIN CORP , ReWalk Robotics , Rex Bionics Ltd., Suit X, Wearable Robotics srl B-Temia, CYBERDYNE INC., Ekso Bionics ,ExoAtlet , Hocoma , Honda Motor Co., Ltd., PARKER HANNIFIN CORP , ReWalk Robotics , Rex Bionics Ltd. and Suit X

Medical Exoskeleton Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 654
  • Countries covered: 23
  • Pages: 30
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