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Medical Exoskeleton Market by Component (Hardware (Sensor, Actuator, Control System, Power Source), Software), Type (Powered, Passive), Extremities (Lower, Upper) & Mobility (Mobile, Stationary) - Global Forecast to 2023

  • ID: 4602329
  • Report
  • Region: Global
  • 117 Pages
  • Markets and Markets
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Global Medical Exoskeleton Market Projected to Grow at a CAGR of 37.4%.

FEATURED COMPANIES

  • Bioness Inc. (US)
  • B-TEMIA Inc. (Canada)
  • CYBERDYNE Inc. (Japan)
  • ExoAtlet, O.O.O. (Russia)
  • Parker Hannifin Corp (US)
  • Rex Bionics Ltd. (UK)
  • MORE

The global medical exoskeleton market projected to grow at a CAGR of 37.4%.

The global medical exoskeleton market is projected to reach USD 571.6 million by 2023 from USD 116.7 million in 2018, at a CAGR of 37.4%. The increasing number of people with physical disabilities and subsequent growth in the demand for effective rehabilitation approaches; agreements and collaborations among companies and research organizations for the development of the exoskeleton technology; and increasing insurance coverage for medical exoskeletons in several countries are the major factors driving the growth of the market. However, the high cost of medical exoskeletons may restrict market growth to a certain extent.

Mobile medical exoskeletons are projected to grow at the highest CAGR during the forecast period.

By mobility, the medical exoskeleton market is segmented into mobile and stationary exoskeletons. During the forecast period the mobile exoskeleton segment is estimated to grow with the highest CAGR. The growth of this segment can be attributed to the increasing demand for compact, light-weight mobile medical exoskeletons that can provide mobility assistance to paralyzed patients.

The powered exoskeletons segment to grow at the highest rate during the forecast period.

Based on type, the medical exoskeleton market is segmented into powered and passive exoskeletons. The powered exoskeleton segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the presence of sensors and various controlling functions in powered exoskeletons to sense motion, tilt, and speed.

Asia to witness high growth during the forecast period

In 2018, North America is projected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in Asia is attributed to the growing geriatric and physically disabled population, large population base, and the increase in disposable income in the region.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 – 62%, Tier 2 - 25%, Tier 3 - 13%
  • By Designation: C-level- 29%, D-level- 25%, others- 46%
  • By Region: North America-55%, Europe-24%, Asia-15%, RoW-6%

Research Coverage:
The report provides an overview of the medical exoskeleton market. It aims at estimating the market size and future growth potential of this market across different segments such as component, type, mobility, extremity, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants by providing them with the closest approximations of revenues for the overall market and its subsegments.
  • This report will help stakeholders to understand the competitive landscape better and gain valuable insights to position their businesses and help companies make suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and will provide them with information regarding key market drivers and opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bioness Inc. (US)
  • B-TEMIA Inc. (Canada)
  • CYBERDYNE Inc. (Japan)
  • ExoAtlet, O.O.O. (Russia)
  • Parker Hannifin Corp (US)
  • Rex Bionics Ltd. (UK)
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Medical Exoskeleton: Market Overview
4.2 Medical Exoskeleton Market, By Component, 2018 vs 2023 (USD Million)
4.3 Europe: Medical Exoskeleton Market, By Hardware Type & Country
4.4 Medical Exoskeleton Market, By Extremity
4.5 Medical Exoskeleton Market: Geographic Snapshot

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of People With Physical Disabilities and Subsequent Growth in the Demand for Effective Rehabilitation Approaches
5.2.1.2 Agreements and Collaborations Among Companies and Research Organizations for the Development of the Exoskeleton Technology
5.2.1.3 Increasing Insurance Coverage for Medical Exoskeletons in Several Countries
5.2.2 Opportunities
5.2.2.1 Introduction of Soft Actuators
5.2.3 Challenges
5.2.3.1 High Cost of Medical Exoskeletons

6 Medical Exoskeleton Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Sensors
6.2.2 Actuators
6.2.3 Power Sources
6.2.4 Control Systems
6.2.5 Other Hardware Components
6.3 Software

7 Medical Exoskeleton Market, By Type
7.1 Introduction
7.2 Powered Exoskeleton
7.3 Passive Exoskeleton

8 Medical Exoskeleton Market, By Mobility
8.1 Introduction
8.2 Stationary Medical Exoskeletons
8.3 Mobile Medical Exoskeletons

9 Medical Exoskeleton Market, By Extremity
9.1 Introduction
9.2 Lower Extremity Medical Exoskeletons
9.3 Upper Extremity Medical Exoskeletons

10 Medical Exoskeleton Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe (RoE)
10.4 Asia
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Share Ranking
11.3 Competitive Situations and Trends
11.3.1 Product Launches, Enhancements, and Approvals
11.3.2 Agreements, Collaborations, Alliances, Joint Ventures, Contracts, and Partnerships
11.3.3 Mergers and Acquisitions
11.3.4 Expansions

12 Company Profiles
12.1 Cyberdyne
12.2 Ekso Bionics Holdings
12.3 Rewalk Robotics
12.4 Bionik Laboratories
12.5 Rex Bionics
12.6 Parker Hannifin
12.7 B-Temia
12.8 Bioness
12.9 Hocoma AG (A Subsidiary of DIH Technologies)
12.10 Wearable Robotics
12.11 Gogoa Mobility Robots
12.12 Exoatlet

13 Appendix

List of Tables

Table 1 Cost of Medical Exoskeletons
Table 2 Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 3 Medical Exoskeleton Hardware Market, By Type, 2016–2023 (USD Million)
Table 4 Medical Exoskeleton Hardware Market, By Region, 2016–2023 (USD Million)
Table 5 Sensors Market, By Region, 2016–2023 (USD Million)
Table 6 Actuators Market, By Region, 2016–2023 (USD Million)
Table 7 Power Sources Market, By Region, 2016–2023 (USD Million)
Table 8 Control Systems Market, By Region, 2016–2023 (USD Million)
Table 9 Other Hardware Components, By Region, 2016–2023 (USD Million)
Table 10 Medical Exoskeleton Software Market, By Region, 2016–2023 (USD Million)
Table 11 Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 12 Powered Exoskeleton Market, By Region, 2016–2023 (USD Million)
Table 13 Passive Exoskeleton Market, By Region, 2016–2023 (USD Million)
Table 14 Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 15 Stationary Medical Exoskeletons Market, By Region, 2016–2023 (USD Million)
Table 16 Mobile Medical Exoskeletons Market, By Region, 2016–2023 (USD Million)
Table 17 Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 18 Medical Exoskeleton Market, By Extremity, 2016–2023 (Units)
Table 19 Lower Extremity Medical Exoskeletons Market, By Region, 2016–2023 (USD Million)
Table 20 Upper Extremity Medical Exoskeletons Market, By Region, 2016–2023 (USD Million)
Table 21 Medical Exoskeleton Market, By Region, 2016–2023 (USD Million)
Table 22 Medical Exoskeleton Market, By Region, 2016–2023 (Units)
Table 23 North America: Medical Exoskeleton Market, By Country, 2016–2023 (USD Million)
Table 24 North America: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 25 North America: Medical Exoskeleton Hardware Market, By Type, 2016–2023 (USD Million)
Table 26 North America: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 27 North America: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 28 North America: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 29 US: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 30 US: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 31 US : Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 32 US: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 33 Canada: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 34 Canada: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 35 Canada: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 36 Canada: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 37 Europe: Medical Exoskeleton Market, By Country, 2016–2023 (USD Million)
Table 38 Europe: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 39 Europe: Medical Exoskeleton Hardware Market, By Type, 2016–2023 (USD Million)
Table 40 Europe: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 41 Europe: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 42 Europe: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 43 UK: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 44 UK: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 45 UK: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 46 UK: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 47 Germany: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 48 Germany: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 49 Germany: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 50 Germany: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 51 France: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 52 France: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 53 France: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 54 France: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 55 RoE: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 56 RoE: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 57 RoE: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 58 RoE: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 59 Asia: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 60 Asia: Medical Exoskeleton Hardware Market, By Type, 2016–2023 (USD Million)
Table 61 Asia: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 62 Asia: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 63 Asia: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 64 RoW: Medical Exoskeleton Market, By Component, 2016–2023 (USD Million)
Table 65 RoW: Medical Exoskeleton Hardware Market, By Type, 2016–2023 (USD Million)
Table 66 RoW: Medical Exoskeleton Market, By Type, 2016–2023 (USD Million)
Table 67 RoW: Medical Exoskeleton Market, By Mobility, 2016–2023 (USD Million)
Table 68 RoW: Medical Exoskeleton Market, By Extremity, 2016–2023 (USD Million)
Table 69 Market Ranking: Medical Exoskeleton Market (2017)

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Estimation: Bottom-Up Approach
Figure 4 Market Size: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Medical Exoskeleton Market, By Component, 2018–2023 (USD Million)
Figure 7 Medical Exoskeleton Market, By Type, 2018–2023 (USD Million)
Figure 8 Medical Exoskeleton Market, By Extremity, 2018-2023 (USD Million)
Figure 9 Medical Exoskeleton Market, By Mobility, 2018–2023 (USD Million)
Figure 10 Medical Exoskeleton Market: Geographical Snapshot
Figure 11 Increasing Demand for Effective Rehabilitation Approaches is Driving Market Growth
Figure 12 Hardware is Projected to Dominate the Medical Exoskeleton Market in 2018
Figure 13 Actuators to Hold the Largest Share of the Medical Exoskeleton Hardware Market in 2018
Figure 14 Upper Extremity Exoskeletons to Grow at the Highest CAGR From 2018 to 2023
Figure 15 Asia to Be the Fastest-Growing Regional Segment During the Forecast Period
Figure 16 Medical Exoskeleton Market: Drivers, Opportunities, and Challenges
Figure 17 Aging Population, By Region, 2015 vs 2030
Figure 18 Percentage of Disabled People in the Total Population of the US, 2011–2016
Figure 19 US: Percentage of Disabled People, By Age Group, 2016
Figure 20 Hardware Segment to Dominate the Medical Exoskeleton Market During the Forecast Period
Figure 21 Powered Exoskeleton Segment to Dominate the Market During the Forecast Period
Figure 22 Mobile Medical Exoskeletons to Dominate the Medical Exoskeleton Market During the Forecast Period
Figure 23 Lower Extremity Medical Exoskeletons Segment to Dominate the Medical Exoskeleton Market During the Forecast Period
Figure 24 North America: Medical Exoskeleton Market Snapshot
Figure 25 Europe: Medical Exoskeleton Market Snapshot
Figure 26 Key Players Adopted Organic and Inorganic Growth Strategies Between January 2015 and June 2018
Figure 27 Market Evolution Framework
Figure 28 Cyberdyne: Company Snapshot (2017)
Figure 29 Company Snapshot: Ekso Bionics (2017)
Figure 30 Company Snapshot: Rewalk Robotics (2017)
Figure 31 Company Snapshot: Parker Hannifin (2017)

Note: Product cover images may vary from those shown
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  • Ekso Bionics Holdings, Inc. (US)
  • ReWalk Robotics Ltd (Israel)
  • Parker Hannifin Corp (US)
  • Bionik Laboratories Corp (Canada)
  • CYBERDYNE Inc. (Japan)
  • Rex Bionics Ltd. (UK)
  • B-TEMIA Inc. (Canada)
  • Hocoma AG (A Subsidiary of DIH Technologies) (Switzerland)
  • Wearable Robotics SRL (Italy)
  • Gogoa Mobility Robots SL (Spain)
  • Bioness Inc. (US)
  • ExoAtlet, O.O.O. (Russia)
Note: Product cover images may vary from those shown
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