Powered exoskeleton is expected to drive the growth of the global medical exoskeleton market by type segment
According to a new market research study titled ‘Medical Exoskeleton Market to 2027 – Global Analysis and Forecasts by Drive Type, Type, Extremity, Application, End User and Geography. The global medical exoskeleton market is expected to reach US$ 1,023.0 Mn in 2027 from US$ 96.7 Mn in 2018. The market is estimated to grow with a CAGR of 29.4% from 2019-2027. The market is likely to grow due to the advantages of the medical exoskeleton for the rehabilitation purpose, supporting in mobility, and others.
Medical Exoskeletons are used to enhance the physical strength of the human by assisting the limb movements with extra strength. The medical exoskeletons improve the quality of life of the physically disabled people such as patient with spinal cord injury, neurological disorder, paralysis or old age people. Some of the medical human exoskeletons are used by physiotherapy centers and rehabilitation centers, for lower and upper extremity treatment.
Global medical exoskeleton market was segmented by drive type, type, extremity, application and end user. On the basis of the drive type the market is segmented as pneumatic actuator, hydraulic actuator, electric actuator, mechanical, shape memory alloy actuator, other actuator. Based on the type the medical exoskeleton market is segmented into powered exoskeleton, passive exoskeleton); extremity (lower body exoskeleton, upper body exoskeleton. Based on the application the market was segmented into spinal cord injury, multiple sclerosis, cerebral palsy, stroke and others. On the basis of the end user the market was segmented as rehabilitation centers, physiotherapy centers, physiotherapy centers, mining, others. Among the type segment the powered exoskeleton is likely to enhance the growth due to the advanced mechanism incorporated in the medical exoskeleton and it requires less manual efforts during the therapy
The major players operating in the medical exoskeleton market, ReWalk Robotics, Ekso Bionics Holdings, Inc., Parker Hannifin Corporation (Indego), CYBERDYNE, INC., Bionik Laboratories Corp., Hocoma AG, Tyromotion GmbH, B-Temia Inc., US Bionics Inc. and Gogoa Mobility Robots among the others.
The report segments the global medical exoskeleton market as follows:
Global Medical Exoskeleton Market – By Drive Type
Global Medical Exoskeleton Market – By Type
Global Medical Exoskeleton Market – By Extremity
Global Medical Exoskeleton Market – By Application
Global Medical Exoskeleton Market – By End User
Global Medical Exoskeleton Market – By Geography
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