Medical Exoskeleton Market: Benefits Such as Better Circulation, Decreased Pain & Increased Oxygen Intake will Lead to the 29% Market Growth During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Medical Exoskeleton Market by Mobility Type and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Global Medical Exoskeleton Market: About this market

The medical exoskeleton market analysis considers sales from mobile exoskeleton and stationary exoskeleton. Our study also finds the sales of the medical exoskeleton in Asia, Europe, North America, and ROW. In 2019, the mobile exoskeleton segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as voice recognition control, complemented with artificial intelligence (AI) technology, to aid bodily movements in patients will play a significant role in the mobile exoskeleton segment to maintain its market position. Also, our global medical exoskeleton market report looks at factors such as increasing incidences of SCIs, advantages of medical exoskeletons in rehabilitation, and insurance coverage for the medical exoskeleton. However, the requirement of well-trained caregivers, high cost of medical exoskeletons, and stringent regulations may hamper the growth of the medical exoskeleton industry over the forecast period.

Global Medical Exoskeleton Market: Overview

Advantages of medical exoskeletons in rehabilitation

Medical exoskeletons are used as a rehabilitation therapy device by patients with paraplegia and paralysis, aiding them to stand and walk upright as they lack mobility due to lost brain functions and increased osteoporosis, pressure sores, and blood clots risks. Medical exoskeletons benefit patients by improving their endurance, bowel and bladder control, and bone density and reducing the chances of developing urinary tract infections. Additional benefits include improved cardiovascular and metabolic functions, better circulation, increased oxygen intake, decreased pain, a decrease in body fat percentage, and improved sitting posture. Such benefits will lead to the expansion of the global medical exoskeleton market at a CAGR of almost 29% during the forecast period.

Focus on development of 3D-printed medical exoskeletons

The use of 3D printing technology has allowed healthcare manufacturers to make changes in product designs without incurring additional costs and extra machinery or tools. Moreover, 3D printing technology aids in the development of complex medical devices based on customized or personalized preferences offering benefits such as improved outcomes, reduced complications, and shortened recovery time. Hence, manufacturers in the market are using 3D printing to develop various medical exoskeletons. Such growing use of 3D-printed medical exoskeletons will drive the growth of the global medical exoskeleton market.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value Chain Analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY MOBILITY TYPE

  • Market segmentation by mobility type
  • Comparison by mobility type
  • Mobile exoskeleton - Market size and forecast 2019-2024
  • Stationary exoskeleton - Market size and forecast 2019-2024
  • Market opportunity by mobility type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Launch of technologically advanced products
  • Increasing focus on use of exoskeletons featuring existing and emerging
  • technologies
  • Focus on development of 3D-printed medical exoskeletons

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bioness Inc.
  • Bionik Laboratories Corp.
  • CYBERDYNE Inc.
  • DIH Group
  • Ekso Bionics Holdings Inc.
  • GOGOA Mobility Robots
  • Parker-Hannifin Corp.
  • ReWalk Robotics Ltd.
  • Tyromotion GmbH
  • Wearable Robotics

For more information about this report visit https://www.researchandmarkets.com/r/rj3asl

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900