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Medical Exoskeleton Market - Global Industry Analysis

Medical Exoskeleton Market by Component (Hardware and Software), by Type (Powered Exoskeleton and Passive Exoskeleton), by Extremity (Lower Extremity Medical Exoskeletons and Upper Extremity Medical Exoskeletons), and by Mobility (Mobile and Stationary): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024

Published Date: 29-Oct-2018 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3474 Status : Published

Global medical exoskeleton market expected to reach around USD 578 million by 2024, growing at a CAGR of 38.64 % between 2018 and 2024. The use of robots in healthcare is a growing trend that seems to have gained momentum in recent years. Researchers have introduced several medical robots designed to improve the quality of healthcare.

Description

The report covers forecast and analysis for the medical exoskeleton market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based revenue (USD Billion). The study includes the drivers and restraints for the medical exoskeleton market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical exoskeleton market on a global level.

In order to give the users of this report a comprehensive view of the medical exoskeleton market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. Moreover, the study encompasses a market attractiveness analysis, which provides the most attractive and least attractive market segments information by component, type, extremity, mobility, and region.

Global Medical Exoskeletons Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions and mergers, new product launch, agreements, partnerships, collaborations, and joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis. 

The study provides a decisive view of the medical exoskeleton market by segmenting the market-based component, type, extremity, mobility, and region. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. On the basis of the component, the medical exoskeleton market is segmented into hardware and software. On the basis of type, the market is divided into the powered exoskeleton and passive exoskeleton. The extremity segment of the medical exoskeleton market is divided into lower extremity medical exoskeletons and upper extremity medical exoskeletons. By mobility, the market is segmented into the mobile medical exoskeleton and stationary medical exoskeleton. 

Some of the key players in medical exoskeleton market include Ekso Bionics, ActiveLink, Cyberdyne, Inc., ReWalk Robotics Ltd., Rex Bionics Plc, Lockheed Martin Corporation, Suit X, RB3D, and Hocoma, among others.

This report segments the global medical exoskeleton market as follows:

Global Medical Exoskeleton Market: ComponentSegment Analysis

  • Hardware 
    • Sensors
    • Actuators
    • Power Sources
    • Control Systems
  • Software

Global Medical Exoskeleton Market: TypeSegment Analysis

  • Powered Exoskeleton 
  • Passive Exoskeleton

Global Medical Exoskeleton Market: ExtremitySegment Analysis

  • Lower Extremity Medical Exoskeletons 
  • Upper Extremity Medical Exoskeletons

Global Medical Exoskeleton Market: MobilitySegment Analysis

  • Mobile
  • Stationary

Global Medical Exoskeleton Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Medical Exoskeleton Market, 2015 - 2024 (USD Billion)
    • 2.2. Global Medical Exoskeleton Market: Snapshot
  •  
  • Chapter 3. Medical Exoskeleton Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Medical Exoskeleton Market drivers: Impact analysis
      • 3.2.2. Increasing Number of People With Physical Disabilities
      • 3.2.3. Favorable reimbursement policies
    • 3.3. Market Restraints
      • 3.3.1. High Cost
    • 3.4. Opportunities
      • 3.4.1. Technological Advancements
      • 3.4.2. Untapped Markets
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat from new entrants
      • 3.5.4. The threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by Component
      • 3.6.2. Market attractiveness analysis, by Type
      • 3.6.3. Market attractiveness analysis, by Mobility
      • 3.6.4. Market attractiveness analysis, by Extremity
      • 3.6.5. Market attractiveness analysis, by Regional segment
  •  
  • Chapter 4. Global Medical Exoskeleton Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global medical exoskeleton market: company market share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Regional Expansion
  •  
  • Chapter 5. Global Medical Exoskeleton Market - Component Segment Analysis
    • 5.1. Global medical exoskeleton market: Component overview
      • 5.1.1. Global medical exoskeleton market revenue share, by Component, 2015 and 2024
      • 5.1.2. Global medical exoskeleton market revenue share, by Hardware, 2015 - 2024
        • 5.1.2.1. Global medical exoskeleton market revenue share, by Sensors, 2015 - 2024
        • 5.1.2.2. Global medical exoskeleton market revenue share, by Actuators, 2015 - 2024
        • 5.1.2.3. Global medical exoskeleton market revenue share, by Power Sources, 2015 - 2024
        • 5.1.2.4. Global medical exoskeleton market revenue share, by Control Systems, 2015 - 2024
      • 5.1.3. Global medical exoskeleton market revenue share, by Software, 2015 - 2024
  •  
  • Chapter 6. Global Medical Exoskeleton Market - Type Segment Analysis
    • 6.1. Global medical exoskeleton market: Type overview
      • 6.1.1. Global medical exoskeleton market revenue share, byType, 2015 and 2024
      • 6.1.2. Global medical exoskeleton market revenue share, by Powered Exoskeleton, 2015 - 2024
      • 6.1.3. Global medical exoskeleton market revenue share, by Passive Exoskeleton, 2015 - 2024
  •  
  • Chapter 7. Global Medical Exoskeleton Market - Mobility Segment Analysis
    • 7.1. Global medical exoskeleton market: Mobility overview
      • 7.1.1. Global medical exoskeleton market revenue share, by Mobility, 2017 and 2024
      • 7.1.2. Global medical exoskeleton market revenue, by Stationary, 2017 - 2024
      • 7.1.3. Global medical exoskeleton market revenue, by Mobile, 2017 - 2024
  •  
  • Chapter 8. Global Medical Exoskeleton Market - Extremity Segment Analysis
    • 8.1. Global medical exoskeleton market: Extremityoverview
      • 8.1.1. Global medical exoskeleton market revenue share, by Extremity, 2015 and 2024
      • 8.1.2. Global medical exoskeleton market revenue share, by Lower Extremity Medical Exoskeletons, 2015 - 2024
      • 8.1.3. Global medical exoskeleton market revenue share, by Upper Extremity Medical Exoskeletons, 2015 - 2024
  •  
  • Chapter 9. Global Medical Exoskeleton Market - Regional Segment Analysis
    • 9.1. Global medical exoskeleton market: Regional overview
      • 9.1.1. Global medical exoskeleton market revenue share, by region, 2015 - 2024
    • 9.2. North America
      • 9.2.1. North America medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
      • 9.2.2. North America medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
      • 9.2.3. North America medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
      • 9.2.4. North America medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.2.5.2. The U.S. medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.2.5.3. The U.S. medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.2.5.4. U.S. medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe medical exoskeleton market revenue, by Product, 2015 - 2024(USD Billion)
      • 9.3.2. Europe medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
      • 9.3.3. Europe medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
      • 9.3.4. Europe medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
      • 9.3.5. Europe medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.3.6. U.K.
        • 9.3.6.1. U.K. medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.3.6.2. U.K. medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.3.6.3. U.K. medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.3.6.4. U.K. medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.3.7. Germany
        • 9.3.7.1. Germany medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.3.7.2. Germany medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.3.7.3. Germany medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.3.7.4. Germany medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.3.8. France
        • 9.3.8.1. France medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.3.8.2. France medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.3.8.3. France medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.3.8.4. France medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
      • 9.4.2. Asia Pacific medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
      • 9.4.3. Asia Pacific medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
      • 9.4.4. Asia Pacific medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.4.5. China
        • 9.4.5.1. China medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.4.5.2. China medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.4.5.3. China medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.4.5.4. China medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.4.6. Japan
        • 9.4.6.1. Japan medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.4.6.2. Japan medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.4.6.3. Japan medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.4.6.4. Japan medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.4.7. India
        • 9.4.7.1. India medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.4.7.2. India medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.4.7.3. India medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.4.7.4. India medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
      • 9.5.2. Latin America medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
      • 9.5.3. Latin America medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
      • 9.5.4. Latin America medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
        • 9.5.5.2. Brazil medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
        • 9.5.5.3. Brazil medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
        • 9.5.5.4. Brazil medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
    • 9.6. Middle East and Africa
      • 9.6.1. Middle East and Africa medical exoskeleton market revenue, by Component, 2015 - 2024(USD Billion)
      • 9.6.2. Middle East and Africa medical exoskeleton market revenue, by Type, 2015 - 2024(USD Billion)
      • 9.6.3. Middle East and Africa medical exoskeleton market revenue, by Mobility, 2015 - 2024(USD Billion)
      • 9.6.4. Middle East and Africa medical exoskeleton market revenue, by Extremity, 2015 - 2024(USD Billion)
  •  
  • Chapter 10. Company Profile
    • 10.1. Ekso Bionics
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Therapy portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. ActiveLink
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Therapy portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Cyberdyne, Inc.
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Therapy portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. ReWalk Robotics Ltd.
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Therapy portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Rex Bionics Plc
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Therapy portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Lockheed Martin Corporation
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Therapy portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. Suit X
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Therapy portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. RB3D
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Therapy portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Hocoma.
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Therapy portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments

List of Figures
 
1. Market research process
2. Market research methodology
3. Global medical exoskeleton market revenue, 2015 – 2024(USD Billion) 
4. Porter’s five forces analysis
5. Global medical exoskeleton market attractiveness analysis, by ComponentSegment
6. Medical Exoskeleton: Market attractiveness analysis, by Type segment
7. Medical Exoskeleton: Market attractiveness analysis, by Mobility segment
8. Medical Exoskeleton: Market attractiveness analysis, by Extremitysegment
9. Medical Exoskeleton: Market attractiveness analysis, by Regional segment
10. Company market share analysis, 2017
11. Global medical exoskeleton market revenue share by Component, 2017and 2023
a. Global medical exoskeleton market revenue share, by Hardware, 2015 – 2024
i. Global medical exoskeleton market revenue share, by Sensors, 2015 – 2024
ii. Global medical exoskeleton market revenue share, by Actuators, 2015 – 2024
iii. Global medical exoskeleton market revenue share, by Power Sources, 2015 – 2024
iv. Global medical exoskeleton market revenue share, by Control Systems, 2015 – 2024
b. Global medical exoskeleton market revenue share, by Software, 2015 – 2024
12. Global medical exoskeleton market revenue share by Type, 2015 and 2023
a. Global medical exoskeleton market revenue share, by Powered Exoskeleton, 2015 – 2024
b. Global medical exoskeleton market revenue share, by Passive Exoskeleton, 2015 – 2024
13. Global medical exoskeleton market revenue share by Mobility, 2015 and 2024
a. Global medical exoskeleton market for Stationary, 2015 – 2024, (USD Billion)
b. Global medical exoskeleton market revenue share, by Mobile,  2015 – 2024
14. Global medical exoskeleton market revenue share by Extremity, 2015 and 2024
a. Global medical exoskeleton market for Lower Extremity, 2015 – 2024, (USD Billion)
b. Global medical exoskeleton market revenue share, by Upper Extremity, 2015 – 2024 (USD Billion)


List of Tables

1. Medical Exoskeleton Market: Market Snapshot                                                                                                                        
2. Drivers of global medical exoskeleton market: Impact analysis 
3. Restraints of medical exoskeleton market: Impact analysis  
4. North America medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
5. North America medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
6. North America medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
7. North America medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
8. The U.S. medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
9. The U.S. medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
10. U.S.medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
11. U.S.medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
12. Europe medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
13. Europe medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
14. Europe medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
15. Europe medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
16. U.K. medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
17. U.K. medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
18. U.K.medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
19. U.K.medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
20. Germany medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
21. Germany medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
22. Germany medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
23. Germany medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
24. France medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
25. France medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
26. France medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
27. France medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
28. Asia Pacific medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
29. Asia Pacific medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
30. Asia Pacific medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
31. Asia Pacific medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
32. China medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
33. China medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
34. China medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
35. China medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
36. Japan medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
37. Japan medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
38. Japan medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
39. Japan medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
40. India medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
41. India medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
42. India medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
43. India medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
44. Latin America medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
45. Latin America medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
46. Latin America medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
47. Latin America medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
48. Brazil medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
49. Brazil medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
50. Brazil medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
51. Brazil medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 
52. Middle East and Africa medical exoskeleton market revenue, by Component, 2015 – 2024(USD Billion) 
53. Middle East and Africa medical exoskeleton market revenue, by Type, 2015 – 2024(USD Billion) 
54. Middle East and Africa medical exoskeleton market revenue, by Mobility, 2015 – 2024(USD Billion) 
55. Middle East and Africa medical exoskeleton market revenue, by Extremity, 2015 – 2024(USD Billion) 

Methodology

Free Analysis

In the last decade, production and development of different robotic technologies that amplify human strength have been one of the major trends in the robotics sector. Many industry players have introduced technologically advanced human exoskeletons, which have many industrial and medical applications. Human exoskeletons are also called wearable robots provide a skeleton outside a person’s body that acts as a body extension. These extensions help humans to produce more power like a machine. These exoskeletons are gaining popularity due to their ability to support humans in dynamic conditions. They can assist a disabled person in carrying out different activities. These devices could reduce back injuries and other mishaps in industries, where injuries are a common thing. Various human exoskeleton prototypes and models are being used in physical therapy and are being deployed in several rehabilitation centers, for lower and upper limb therapy. Growing adoption of human exoskeletons in rehabilitation therapy for disabled and elderly patients around the world is expected to fuel the growth of medical exoskeletons in the upcoming years.

The medical exoskeleton market is expected to witness a robust growth in the future. This market is mainly driven by an increase in the number of disabled people and the geriatric population and rising incidence rate of physical injuries and muscle pain due to an unhealthy lifestyle. Moreover, subsequent growth in the demand for effective rehabilitation approaches and increasing R&D expenditure of the key players in the development of medical exoskeletons are driving the growth of the medical exoskeleton market. Growing technological advancements in the production of new and lighter skeleton materials with advanced sensors, electronics, and software are anticipated to offer lucrative business opportunities in this market in the forecast timeframe.

Global Medical Exoskeletons Market

The global medical exoskeleton market is segmented based on component, extremity, mobility, and type. By component, this market is bifurcated into hardware and software. The hardware segment is further sub-divided into actuators, power sources, control systems, and sensors. The software segment is anticipated to grow at a higher annual growth rate during the forecast period. This growth rate is due to technologically advanced features offerings, such as inter-device connectivity functions, artificial intelligence, and autonomous operations. The software assists the complex functionalities of medical exoskeletons to process efficiently and accurately. By type, the medical exoskeleton market is classified into the powered exoskeleton and passive exoskeleton. The powered exoskeleton segment contributed the largest revenue share in 2017. The outsized share of powered exoskeleton segment was primarily credited to its broad usage in medical and industrial applications. By mobility, the medical exoskeleton is fragmented into the mobile medical exoskeleton and stationary medical exoskeleton. The market for mobile medical exoskeletons segment generated the maximum revenue in 2017 and is expected to grow at a significantly high CAGR in the forecast period, owing to its wide usage in healthcare, defense, sports, and fitness. By extremity, the medical exoskeleton market includes lower extremity medical exoskeletons and upper extremity medical exoskeletons. The lower extremities segment was the largest revenue grosser in 2017, owing to greater incidences of lower body disabilities.

Based on geography, the global medical exoskeleton market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to remain the dominant region in terms of revenue generation followed by Europe. The Asia Pacific is projected to be the fastest growing market in the forecast timeframe. The Middle East and Africa and Latin America are expected to experience slow growth in the medical exoskeleton market in the upcoming years.

Some of the key players in medical exoskeleton market include Rex Bionics Plc, ActiveLink, Cyberdyne, Inc., ReWalk Robotics Ltd., Ekso Bionics, Lockheed Martin Corporation, Suit X, RB3D, and Hocoma, among others.

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