Medical Exoskeleton Market: Industry Trends and Global Forecasts, till 2035 - Distribution by Body Part Covered

Medical Exoskeleton Market: Industry Trends and Global Forecasts, till 2035 - Distribution by Body Part Covered

The Medical Exoskeleton Market is valued at USD 1.90 billion in 2024 growing at a CAGR of 20.8% during the forecast period 2024-2035.

Medical exoskeletons, wearable robotic devices tailored to aid individuals with mobility impairments, harness a blend of mechanical, electronic, and computer-controlled systems to bolster and refine the user's movement. Typically, homing in on specific body parts affected by injury or disability, these devices diverge from conventional assistive tools like wheelchairs and crutches. Certain iterations of powered exoskeleton technology furnish active mobility assistance by amplifying the user's strength and stamina through the integration of actuators and sensors. The potential of medical exoskeletons is vast, resonating with a considerable patient demographic in dire need of mobility support. Neurological disorders, in particular, pose a formidable public health challenge, impacting over one billion individuals worldwide. Traumatic brain injury (TBI), as highlighted by the Lancet Neurology Commission, stands as a pervasive global concern afflicting 55 million people, while current estimates suggest a populace of 20.6 million grappling with spinal cord injury.

Despite the substantial population contending with mobility impairments, the exoskeleton market maintains a relatively niche status, albeit gradually garnering attention. This can be attributed to various factors, including the elevated costs associated with exoskeleton technology and a prevalent lack of awareness among both patients and healthcare providers. Nonetheless, with ongoing technological strides and heightened awareness, the medical exoskeleton market stands poised for expansion, offering the promise of enhanced accessibility and quality of life for those in need of mobility assistance. Indeed, several companies are spearheading the development of exoskeleton technology fused with advanced features such as controllers and software applications, empowering users and clinicians alike to establish goals, fine-tune assistance levels, and scrutinize movement patterns tailored to personalized rehabilitation plans.



Key Market Segments

Body Part Covered

Upper Extremity

Lower Extremity

Full Body

Mode of Operation

Powered

Passive

Hybrid

Form

Rigid

Soft

Mobility

Fixed / Supported

Mobile

End Users

Patients

Healthcare Providers

Geography

North America

Europe

Asia-Pacific

Rest of the World

Research Coverage:

An insightful overview of exoskeleton industry, highlighting details on origin of exoskeletons. This chapter provides information on classification of exoskeleton, along with applications, features and limitations associated with exoskeleton. Further, it concludes with a discussion on future perspectives in this domain.

This overview provides insight into the current market landscape of medical exoskeletons, considering various parameters such as development status (commercialized and under development), body part coverage (upper extremity, lower extremity, and full body), mode of operation (powered, passive, and hybrid), exoskeleton form (rigid and soft exosuit), mobility (stationary and mobile), user-machine interface (including app-based, handheld controller, on-device buttons/control panels, and brain control), and advanced features (such as data capture, gamification, and customized assistance). Additionally, it addresses end users (patients, medical professionals, and researchers), patient age groups (pediatric to adolescent, adolescent to elderly), and exoskeleton settings (home/community and rehabilitation centers). It also touches on breakthrough device designations, exoskeleton technology/software, maximum weight, weight carrying capacity, and dimensions. Furthermore, it lists companies involved in medical exoskeleton development/commercialization, providing details on establishment year, company size, headquarters location, ownership, and additional services. Lastly, it highlights the most active companies in terms of medical exoskeleton offerings.

A comprehensive analysis of product competitiveness within the medical exoskeleton market, focusing on supplier strength (including years of experience, company size, and exoskeleton portfolio), product competitiveness (encompassing device mobility, exoskeleton form, operation mode, advanced features, user-machine interface, additional services, breakthrough designation, and development status), and target end users.

Comprehensive profiles of prominent medical exoskeleton companies selected based on the quantity and application scope of wearable exoskeletons in their product lineup. Each profile provides a succinct overview of the company, including establishment year, employee count, headquarters location, and leadership team details, along with insights into financial performance where applicable. Additionally, the profiles encompass information on the company's product range, recent advancements, and an informed perspective on future prospects.

Tabulated summaries of leading medical exoskeleton companies selected based on the quantity and application range of wearable exoskeletons in their product offerings. Each tabulated profile provides an overview of the company, detailing establishment year, employee count, headquarters location, and key leadership team members. Additionally, the profiles include information on the company's product portfolio.

A comprehensive analysis of the medical exoskeleton market's recent partnerships and collaborations established since 2017. This analysis considers various parameters, including the year of partnership, partnership type (such as mergers and acquisitions, product development and commercialization agreements, licensing agreements, service agreements, product development and manufacturing agreements, joint ventures, manufacturing and supply agreements, and product distribution agreements), partner type (industry and non-industry), business globalization trends, and the most active players. Additionally, it provides insights into the regional distribution of the companies engaged in these agreements.

A thorough examination of patents filed or granted for exoskeletons since 2016, encompassing diverse relevant factors such as patent type, application and publication years, geographical origins, applicant types, publication timelines, top CPC symbols, and key players in terms of the quantity of patents filed or granted. Additionally, it includes an in-depth patent benchmarking analysis.

An exhaustive examination of the present and prospective market through the lens of the Blue Ocean Strategy, providing a strategic roadmap for nascent medical exoskeleton enterprises to tap into uncontested market spaces. This guide encompasses thirteen strategic tools aimed at facilitating a transition towards a Blue Ocean strategy, enabling companies to secure a competitive advantage in the market.

A comprehensive examination of the factors influencing the expansion of the medical exoskeleton market. This analysis includes the identification and evaluation of significant drivers, potential limitations, emerging prospects, and current obstacles.

Key Benefits of Buying this Report

The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.

Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.

The report provides stakeholders with a pulse on the Medical Exoskeleton Market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.

Leading Market Companies

Bionic Yantra

CYBERDYNE

Ekso Bionics

ExoAtlet

Fourier Intelligence

Gloreha

Guangzhou Yikang Medical Equipment

Hexar Humancare

Hocoma

MediTouch

Milebot Robotics

Myomo

Neofect

NextStep Robotics

Panasonic

ReWalk Robotics

Rex Bionics

Roam Robotics

Trexo Robotics

Tyromotion

U&O Technologies