Global Medical Exoskeleton Market is valued USD 64 million in 2016 is anticipated to grow USD 1.03 billion with the compounded annual growth of 36.2% over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Medical Exoskeleton market industry is poised to raise USD 1.03 billion by 2025. The major factors expected to augment the market are rising insurance coverage for medical exoskeletons and rising number of people with physical disabilities & consequent increase in the need for effective recovery approaches. Medical exoskeletons aim to improve hand strengthening augmentation or improve walking or aid individual joints including knees or shoulder or elbow.
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Global Medical Exoskeleton Market Size Study By Component (Software, and Hardware), By Type (Passive, and Powered), By Extremities (Lower, and Upper), By Mobility (Mobile, and Stationary), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Bionik Laboratories Corp., Ekso Bionics Holdings, Inc., B-TEMIA Inc., ReWalk Robotics Ltd., Parker Hannifin Corp., Rex Bionics Ltd., Hocoma AG (A Subsidiary of DIH Technologies), CYBERDYNE Inc., Wearable Robotics SRL, Gogoa Mobility Robots SL, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Control Systems
- Power Sources
- North America
- Asia Pacific
- Latin America
- Rest of the World