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Medical Exoskeleton Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 139 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700749
Description Jump to:
The global medical exoskeleton market size reached US$ 280.1 Million in 2022. Looking forward, the analyst expects the market to reach US$ 1,969.7 Million by 2028, exhibiting a growth rate (CAGR) of 35.2% during 2023-2028.

A medical exoskeleton is an electromechanical device that supports the human musculoskeletal system for rehabilitation and enables an injured or paraplegic person to stand and walk. It relies on a combination of springs and dampers that can store energy from human motion and reuse it when required to enhance a posture or motion. It also uses actuators that convert electrical, air, or hydraulic energy into mechanical force to support and strengthen the human movement. It is employed in the military sector to give soldiers additional protection and abilities during warfare. It is also used in the construction sector to reduce fatigue and back, neck, and shoulder pain.

Medical Exoskeleton Market Trends:

At present, the growing incidences of spinal cord injuries (SCI) due to falls, road traffic crashes, or violence represent one of the key factors driving the market. Besides this, there is a rise in the demand for medical exoskeletons in various industries to support employee health and boost productivity around the world. This, along with the rising number of startups that expertise in exoskeleton technology and provide solutions for rehabilitation, is positively influencing the market. Moreover, key market players are financing research and development (R&D) activities to introduce anti-radiation aprons for health workers suffering from neck and back problems. They are also focusing on launching a robotic partial knee orthosis used by wearers to reduce knee pain and regain mobility. In addition, the growing prevalence of musculoskeletal injuries and disorders, such as occupational overuse syndrome (OOS), cumulative trauma disorders (CTD), and repetitive strain injury (RSI), is offering a positive market outlook.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global medical exoskeleton market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, extremity, mobility and end user.

Breakup by Component:

  • Hardware
  • Software

Breakup by Type:

  • Powered Exoskeletons
  • Passive Exoskeletons

Breakup by Extremity:

  • Lower Extremity Medical Exoskeletons
  • Upper Extremity Medical Exoskeletons
  • Full Body

Breakup by Mobility:

  • Mobile Exoskeletons
  • Stationary Exoskeletons

Breakup by End User:

  • Rehabilitation Centers
  • Physiotherapy Centers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being B-Temia Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., ExoAtlet Global S.A., GOGOA Mobility Robots, Hocoma AG (DIH International Limited), Myomo Inc., ReWalk Robotics Ltd, Rex Bionics Ltd., suitX Inc. (Ottobock SE & Co. KGaA), Wandercraft and Wearable Robotics Srl.

Key Questions Answered in This Report:

  • How has the global medical exoskeleton market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global medical exoskeleton market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the extremity?
  • What is the breakup of the market based on the mobility?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global medical exoskeleton market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Exoskeleton Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Powered Exoskeletons
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passive Exoskeletons
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Extremity
8.1 Lower Extremity Medical Exoskeletons
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Upper Extremity Medical Exoskeletons
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Full Body
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Mobility
9.1 Mobile Exoskeletons
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Stationary Exoskeletons
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Rehabilitation Centers
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Physiotherapy Centers
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 B-Temia Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Cyberdyne Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 Ekso Bionics Holdings Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 ExoAtlet Global S.A.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 GOGOA Mobility Robots
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Hocoma AG (DIH International Limited)
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Myomo Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 ReWalk Robotics Ltd
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Rex Bionics Ltd.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 suitX Inc. (Ottobock SE & Co. KGaA)
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Wandercraft
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Wearable Robotics Srl
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Medical Exoskeleton Market: Major Drivers and Challenges
Figure 2: Global: Medical Exoskeleton Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Medical Exoskeleton Market: Breakup by Component (in %), 2022
Figure 5: Global: Medical Exoskeleton Market: Breakup by Type (in %), 2022
Figure 6: Global: Medical Exoskeleton Market: Breakup by Extremity (in %), 2022
Figure 7: Global: Medical Exoskeleton Market: Breakup by Mobility (in %), 2022
Figure 8: Global: Medical Exoskeleton Market: Breakup by End User (in %), 2022
Figure 9: Global: Medical Exoskeleton Market: Breakup by Region (in %), 2022
Figure 10: Global: Medical Exoskeleton (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Medical Exoskeleton (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Medical Exoskeleton (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Medical Exoskeleton (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Medical Exoskeleton (Powered Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Medical Exoskeleton (Powered Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Medical Exoskeleton (Passive Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Medical Exoskeleton (Passive Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Medical Exoskeleton (Lower Extremity Medical Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Medical Exoskeleton (Lower Extremity Medical Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Medical Exoskeleton (Upper Extremity Medical Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Medical Exoskeleton (Upper Extremity Medical Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Medical Exoskeleton (Full Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Medical Exoskeleton (Full Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Medical Exoskeleton (Mobile Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Medical Exoskeleton (Mobile Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Medical Exoskeleton (Stationary Exoskeletons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Medical Exoskeleton (Stationary Exoskeletons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Medical Exoskeleton (Rehabilitation Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Medical Exoskeleton (Rehabilitation Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Medical Exoskeleton (Physiotherapy Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Medical Exoskeleton (Physiotherapy Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Medical Exoskeleton (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Medical Exoskeleton (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Medical Exoskeleton Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Medical Exoskeleton Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Medical Exoskeleton Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Medical Exoskeleton Industry: SWOT Analysis
Figure 84: Global: Medical Exoskeleton Industry: Value Chain Analysis
Figure 85: Global: Medical Exoskeleton Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Medical Exoskeleton Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Medical Exoskeleton Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Medical Exoskeleton Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Medical Exoskeleton Market Forecast: Breakup by Extremity (in Million US$), 2023-2028
Table 5: Global: Medical Exoskeleton Market Forecast: Breakup by Mobility (in Million US$), 2023-2028
Table 6: Global: Medical Exoskeleton Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 7: Global: Medical Exoskeleton Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Medical Exoskeleton Market: Competitive Structure
Table 9: Global: Medical Exoskeleton Market: Key Players

Companies Mentioned

  • B-Temia Inc.
  • Cyberdyne Inc.
  • Ekso Bionics Holdings Inc.
  • ExoAtlet Global S.A.
  • GOGOA Mobility Robots
  • Hocoma AG (DIH International Limited)
  • Myomo Inc.
  • ReWalk Robotics Ltd
  • Rex Bionics Ltd.
  • suitX Inc. (Ottobock SE & Co. KGaA)
  • Wandercraft
  • Wearable Robotics Srl

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 280.1 Million
Forecasted Market Value ( USD ) by 2028 $ 1969.7 Million
Compound Annual Growth Rate38.4%
Regions CoveredGlobal
No. of Companies Mentioned12

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