A wearable electromechanical device known as a medical exoskeleton was created to help patients with mobility difficulties recover from their injuries and motor function in their partly or fully paralyzed lower extremities. The gadgets can improve biological abilities, such as orthotics devices that help people regain their ability to walk or move. This wearable gadget thereby allows patients more mobility, strength, and endurance. People with physical disabilities including spinal cord injuries, neurological disorders, paralysis, or elderly individuals live better due to medical exoskeletons.
Medical Exoskeleton Market Scope:
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the key figures. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in the Medical Exoskeleton market report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
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Medical Exoskeleton Market Overview:
This study's purpose is to give an overview of the Medical Exoskeleton market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Medical Exoskeleton companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Medical Exoskeleton market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Medical Exoskeleton Market Trends, Volume, and Value at the Regional, and Company Levels. This study examines the whole Medical Exoskeleton Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Medical Exoskeleton Market Size was valued at US$ 0.2 Bn. in 2021. Global Medical Exoskeleton Market size is expected to grow at a CAGR of 36.2 % through the forecast period.
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Medical Exoskeleton market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Medical Exoskeleton industry.
• ReWalk Robotics Ltd. (Israel)
• Lockheed Martin Corporation (U.S.)
• Parker Hannifin Corporation (U.S.)
• Ekso Bionics Holdings, Inc. (U.S.)
• Hyundai Motor Company (South Korea)
• Bionik Laboratories Corporation (U.S.)
• Myomo, Inc. (U.S.)
• Honda Motor Co. Ltd. (Japan)
• Technaid. S.L. (Spain)
• Gogoa Mobility Robots SL (Spain)
• Suitx Inc. (U.S.)
• Otto Bock HealthCare GmbH (Germany)
• Wearable Robotics SRL (Italy)
• DIH Technologies Corporation (Switzerland)
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Medical Exoskeleton market in these regions.
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COVID-19 Impact Analysis on Medical Exoskeleton Market:
As a result of the COVID-19 outbreak, customer behaviour has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Medical Exoskeleton market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Medical Exoskeleton Market Report are:
- What will be the CAGR of the Medical Exoskeleton market during the forecast period?
- Which segment emerged as the leading segment in the Medical Exoskeleton market?
- Which are the prominent players in the Medical Exoskeleton market?
- What will be the Medical Exoskeleton market size by 2027?
- Which company held the largest share in the Medical Exoskeleton market?
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