Medical Exoskeleton Market was valued at US$ 0.2 Bn. in 2021. Global Medical Exoskeleton Market size is expected to grow at a CAGR of 36.2 % through the forecast period.
Medical Exoskeleton Market Overview:
The Medical Exoskeleton market research report looks into and analyses the market’s position during the predicted period. It is an in-depth study that focuses on fundamental and secondary drivers, market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.
Market Scope:
We examined the Medical Exoskeleton Market from every angle conceivable, including both primary and secondary research methodologies. This helped us better grasp current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour. The information is then gathered and evaluated using a variety of market estimations and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
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Segmentation:
Based on Type, the powered segment dominated the market with 57% share in 2021.The rising demand for personal safety and performance, as well as the existence of multiple controlling features and sensors to monitor tilt, speed, and motion, are major drivers of the growth of this segment. The increasing usage by construction personnel to move large things is likely to support the growth of this market. The existence of various regulating functions and sensors in this type of exoskeletons to measure tilt, speed, and motion is also boosting the segment’s growth.
Key Players:
• ReWalk Robotics Ltd. (Israel)
• Lockheed Martin Corporation (U.S.)
• Parker Hannifin Corporation (U.S.)
• Ekso Bionics Holdings, Inc. (U.S.)
• Hyundai Motor Company (South Korea)
• Bionik Laboratories Corporation (U.S.)
• Myomo, Inc. (U.S.)
• Honda Motor Co. Ltd. (Japan)
• Technaid. S.L. (Spain)
• Gogoa Mobility Robots SL (Spain)
• Suitx Inc. (U.S.)
• Otto Bock HealthCare GmbH (Germany)
• Wearable Robotics SRL (Italy)
• DIH Technologies Corporation (Switzerland)
Primary and secondary research are used to identify market leaders, as well as primary and secondary research to assess market revenue. As part of the core study, in-depth interviews with major thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals were done. In-depth interviews with notable thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilised to compute percentage splits, market shares, growth rates, and global market breakdowns that are then compared to historical data. The following players are featured in this report:
Regional Analysis:
The research examines the local industry in-depth, utilizing both qualitative and quantitative data. It provides an overview and prediction of the global Medical Exoskeleton market segment by segment. It also provides market size and forecast projections for five key regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Medical Exoskeleton market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Medical Exoskeleton Market:
We thoroughly researched and analyzed the Global Medical Exoskeleton Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Medical Exoskeleton industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study’s main goal is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. This analysis looked at the marketplaces of key countries at the same time and emphasized their market potential.
Key Questions Answered in the Medical Exoskeleton Market Report are:
- What are the most promising high-growth opportunities in the global Medical Exoskeleton sector, as defined by product category, End User, and Region?
- Which Medical Exoskeleton market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Medical Exoskeleton market dynamics? What are the primary drivers and obstacles in the Medical Exoskeleton market?
- What are the Medical Exoskeleton market’s business risks and dangers?
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