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Global Wearable Medical Robot Market to reach USD 8342.3 Million by 2028.

Global Wearable Medical Robot Market Size study, by Product Type (Prosthetic Robots, Orthotics Robots, Assistive Robots, Therapeutic Robots, Others) by Application (Endoscopic Surgery, Rehabilitation, Urology, Neurology, Cardiology, Others) by End-Users (Hospitals, Clinics, Ambulatory Surgical Centers, Others) and Regional Forecasts 2022-2028

Product Code: ENGE-66099002
Publish Date: 22-04-2022
Page: 200

Global wearable medical robot Market is valued approximately at USD 678.9 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 43.1% over the forecast period 2022-2028. Wearable medical robots which are also known as exoskeleton are a form of wearable medical equipment that helps people enhances their physical ability and mobility. Growing usage of robots in complex surgeries and growing prevalence of the diseases has driven the wearable medical robot market. For Instance: As per the reports of National Spinal Cord Injury Statistical Centre (NSCIAC) as of 2018, around 288,000 people in the US were suffering from Spinal Cord injuries, with yearly incidence rate of 17,700. Also, increasing number of M&A deals between major players in order to broaden their range of products is most likely to boost the overall growth of the global wearable medical robot market. However, Lack of skilled specialists and lack of awareness about the technology can obstruct the market’s expansion over the projection period of 2022-2028.

The key regions considered for the global wearable medical robot market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Advanced healthcare system is driving the market growth in the North America. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to developing interest in novel robotic technology for healthcare.
Major market player included in this report are:
Surgical Robotics
Intuitive Surgical
Verb Surgical
Hansen Medical
Titan Medical
Microbot Medical
Cyberknife System
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Application within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Prosthetic Robots
Orthotics Robots
Assistive Robots
Therapeutic Robots
By Application:
Endoscopic Surgery
By End-User:
Ambulatory Surgical Centers

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Wearable Medical Robot Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Wearable Medical Robots Market, by region, 2020-2028 (USD Million)
1.2.2. Wearable Medical Robots Market, by Product Type, 2020-2028 (USD Million)
1.2.3. Wearable Medical Robots Market, by Application, 2020-2028 (USD Million)
1.2.4. Wearable Medical Robots Market, by End-Users, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wearable Medical Robots Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wearable Medical Robots Market Dynamics
3.1. Wearable Medical Robots Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increase usage of robots in complex surgeries Increased prevalence of the diseases
3.1.2. Market Challenges Lack of skilled specialists Lack of awareness with the technology
3.1.3. Market Opportunities Increasing number of M&A deals between major players in order to broaden their range of products

Chapter 4. Global Wearable Medical Robots Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Wearable Medical Robots Market, by Product Type
6.1. Market Snapshot
6.2. Global Wearable Medical Robots Market by Product Type, Performance – Potential Analysis
6.3. Global Wearable Medical Robots Market Estimates & Forecasts by Product Type 2019-2028 (USD Million)
6.4. Wearable Medical Robots Market, Sub Segment Analysis
6.4.1 Prosthetic Robots
6.4.2 Orthotics Robots
6.4.3 Assistive Robots
6.4.4 Therapeutic Robots
6.4.5 Others
Chapter 7. Global Wearable Medical Robots Market, by Application
7.1. Market Snapshot
7.2. Global Wearable Medical Robots Market by Application, Performance – Potential Analysis
7.3. Global Wearable Medical Robots Market Estimates & Forecasts by Application 2019-2028 (USD Million)
7.4. Wearable Medical Robots Market, Sub Segment Analysis
7.4.1 Endoscopic Surgery
7.4.2 Rehabilitation
7.4.3 Urology
7.4.4 Neurology
7.4.5 Cardiology
7.4.6 Others
Chapter 8. Global Wearable Medical Robots Market, by End-Users
8.1. Market Snapshot
8.2. Global Wearable Medical Robots Market by End-Users, Performance – Potential Analysis
8.3. Global Wearable Medical Robots Market Estimates & Forecasts by End-Users 2019-2028 (USD Million)
8.4. Wearable Medical Robots Market, Sub Segment Analysis
8.4.1 Hospitals
8.4.2 Clinics
8.4.3 Ambulatory Surgical Centres
8.4.4 Others
Chapter 9. Global Wearable Medical Robots Market, Regional Analysis

9.1. Wearable Medical Robots Market, Regional Market Snapshot
9.2. North America Wearable Medical Robots Market
9.2.1. U.S. Wearable Medical Robots Market Product Type breakdown estimates & forecasts, 2019-2028 Application breakdown estimates & forecasts, 2019-2028 End-User breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Wearable Medical Robots Market
9.3. Europe Wearable Medical Robots Market Snapshot
9.3.1. U.K. Wearable Medical Robots Market
9.3.2. Germany Wearable Medical Robots Market
9.3.3. France Wearable Medical Robots Market
9.3.4. Spain Wearable Medical Robots Market
9.3.5. Italy Wearable Medical Robots Market
9.3.6. Rest of Europe Wearable Medical Robots Market
9.4. Asia-Pacific Wearable Medical Robots Market Snapshot
9.4.1. China Wearable Medical Robots Market
9.4.2. India Wearable Medical Robots Market
9.4.3. Japan Wearable Medical Robots Market
9.4.4. Australia Wearable Medical Robots Market
9.4.5. South Korea Wearable Medical Robots Market
9.4.6. Rest of Asia Pacific Wearable Medical Robots Market
9.5. Latin America Wearable Medical Robots Market Snapshot
9.5.1. Brazil Wearable Medical Robots Market
9.5.2. Mexico Wearable Medical Robots Market
9.6. Rest of The World Wearable Medical Robots Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1 SURGICAL ROBOTICS Key information Overview Financial (subject to data availability) Product summary Recent developments
10.2.2 Intuitive Surgical
10.2.3 Transenterix
10.2.4 Medrobotics
10.2.5 Verb Surgical
10.2.6 Hansen Medical
10.2.7 Medtech
10.2.8 Titan Medical
10.2.9 Microbot Medical
10.2.10 Cyberknife System
Chapter 11. Research Process

11.1 Research Process
11.1.1 Data Mining
11.1.2 Analysis
11.1.3 Market Estimation
11.1.4 Validation
11.1.5 Publishing
11.2 Research Attributes
11.3 Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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