Medical exoskeleton market size to increase by USD 974.84 million; North America to contribute 41% of market growth - Technavio

NEW YORK, Jan. 10, 2023 /PRNewswire/ -- The Medical Exoskeleton Market by Mobility Type, Technology, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 974.84 million between 2022 and 2027 at a CAGR of 36.43%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report.

Regional Analysis

By region, the global medical exoskeleton market is segmented into North America, Europe, Asia, and the Rest of World (ROW). North America is estimated to contribute 41% to the growth of the global market over the forecast period. The increasing prevalence of physical injuries due to SCI, and the high demand for self-supporting medical exoskeletons are driving the growth of the medical exoskeleton market in North America. Buy the report

Company Profiles

The medical exoskeleton market report includes information on the key products and recent developments of leading vendors, including:

• Bionik Laboratories Corp. - The company offers medical exoskeletons such as Inmotion robotic therapy.
• CYBERDYNE Inc. - The company offers medical exoskeletons such as Hybrid Assistive Limbs.
• DIH Group - The company offers medical exoskeletons such as ArmeoPower.

Market Dynamics

The market is driven by factors such as the increasing incidences of SCIs, increasing usage of medical exoskeletons in rehabilitation, and increasing insurance coverage for medical exoskeletons. However, the lack of well-trained caregivers requirement is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

• By type, the market is segmented into mobile exoskeleton and stationary exoskeleton. The mobile exoskeleton segment accounted for the largest share of the market in 2022.
• By geography, the market is segmented into North America, Europe, Asia, and Rest of World. North America held the largest share of the market in 2022.

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• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the medical exoskeleton market between 2023 and 2027
• Precise estimation of the medical exoskeleton market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of medical exoskeleton market vendors

Browse for Technavio's Healthcare reports

Table of Contents:

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Mobility Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global medical exoskeleton market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global medical exoskeleton market 2017 - 2021 ($ million)

• 4.2 Mobility type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Mobility type Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Mobility Type

• 6.1 Market segments
• Exhibit 30: Chart on Mobility Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Mobility Type - Market share 2022-2027 (%)

• 6.2 Comparison by Mobility Type 
• Exhibit 32: Chart on Comparison by Mobility Type
• Exhibit 33: Data Table on Comparison by Mobility Type

• 6.3 Mobile exoskeleton - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Mobile exoskeleton - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Mobile exoskeleton - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Mobile exoskeleton - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Mobile exoskeleton - Year-over-year growth 2022-2027 (%)

• 6.4 Stationary exoskeleton - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Stationary exoskeleton - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Stationary exoskeleton - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Stationary exoskeleton - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Stationary exoskeleton - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Mobility Type 
• Exhibit 42: Market opportunity by Mobility Type ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments
• Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 45: Chart on Comparison by Technology
• Exhibit 46: Data Table on Comparison by Technology

• 7.3 Powered exoskeletons - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Powered exoskeletons - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Powered exoskeletons - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Powered exoskeletons - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Powered exoskeletons - Year-over-year growth 2022-2027 (%)

• 7.4 Passive exoskeletons - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Passive exoskeletons - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Passive exoskeletons - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Passive exoskeletons - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Passive exoskeletons - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 55: Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 77: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 97: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 98: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 99: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 100: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 101: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 102: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 103: Matrix on vendor position and classification

• 12.3 Bionik Laboratories Corp. 
• Exhibit 104: Bionik Laboratories Corp. - Overview
• Exhibit 105: Bionik Laboratories Corp. - Product / Service
• Exhibit 106: Bionik Laboratories Corp. - Key offerings

• 12.4 B-Temia
• Exhibit 107: B-Temia - Overview
• Exhibit 108: B-Temia - Product / Service
• Exhibit 109: B-Temia - Key offerings

• 12.5 Cyberdyne Inc.
• Exhibit 110: Cyberdyne Inc. - Overview
• Exhibit 111: Cyberdyne Inc. - Product / Service
• Exhibit 112: Cyberdyne Inc. - Key offerings

• 12.6 DIH Group
• Exhibit 113: DIH Group - Overview
• Exhibit 114: DIH Group - Product / Service
• Exhibit 115: DIH Group - Key news
• Exhibit 116: DIH Group - Key offerings

• 12.7 Ekso Bionics Holdings Inc. 
• Exhibit 117: Ekso Bionics Holdings Inc. - Overview
• Exhibit 118: Ekso Bionics Holdings Inc. - Business segments
• Exhibit 119: Ekso Bionics Holdings Inc. - Key offerings
• Exhibit 120: Ekso Bionics Holdings Inc. - Segment focus

• 12.8 Exoatlet Global SA
• Exhibit 121: Exoatlet Global SA - Overview
• Exhibit 122: Exoatlet Global SA - Product / Service
• Exhibit 123: Exoatlet Global SA - Key offerings

• 12.9 GOGOA Mobility Robots SL 
• Exhibit 124: GOGOA Mobility Robots SL - Overview
• Exhibit 125: GOGOA Mobility Robots SL - Product / Service
• Exhibit 126: GOGOA Mobility Robots SL - Key offerings

• 12.10 Ottobock SE and Co. KGaA 
• Exhibit 127: Ottobock SE and Co. KGaA - Overview
• Exhibit 128: Ottobock SE and Co. KGaA - Product / Service
• Exhibit 129: Ottobock SE and Co. KGaA - Key offerings

• 12.11 P and S Mechanics Co. Ltd. 
• Exhibit 130: P and S Mechanics Co. Ltd. - Overview
• Exhibit 131: P and S Mechanics Co. Ltd. - Product / Service
• Exhibit 132: P and S Mechanics Co. Ltd. - Key offerings

• 12.12 Parker Hannifin Corp. 
• Exhibit 133: Parker Hannifin Corp. - Overview
• Exhibit 134: Parker Hannifin Corp. - Business segments
• Exhibit 135: Parker Hannifin Corp. - Key news
• Exhibit 136: Parker Hannifin Corp. - Key offerings
• Exhibit 137: Parker Hannifin Corp. - Segment focus

• 12.13 ReWalk Robotics Ltd.
• Exhibit 138: ReWalk Robotics Ltd. - Overview
• Exhibit 139: ReWalk Robotics Ltd. - Business segments
• Exhibit 140: ReWalk Robotics Ltd. - Key news
• Exhibit 141: ReWalk Robotics Ltd. - Key offerings
• Exhibit 142: ReWalk Robotics Ltd. - Segment focus

• 12.14 Rex Bionics Ltd.
• Exhibit 143: Rex Bionics Ltd. - Overview
• Exhibit 144: Rex Bionics Ltd. - Product / Service
• Exhibit 145: Rex Bionics Ltd. - Key offerings

• 12.15 Sarcos Corp.
• Exhibit 146: Sarcos Corp. - Overview
• Exhibit 147: Sarcos Corp. - Product / Service
• Exhibit 148: Sarcos Corp. - Key offerings

• 12.16 Wandercraft
• Exhibit 149: Wandercraft - Overview
• Exhibit 150: Wandercraft - Product / Service
• Exhibit 151: Wandercraft - Key offerings

• 12.17 Wearable Robotics Srl 
• Exhibit 152: Wearable Robotics Srl - Overview
• Exhibit 153: Wearable Robotics Srl - Product / Service
• Exhibit 154: Wearable Robotics Srl - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 157: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources

• 13.5 List of abbreviations 
• Exhibit 161: List of abbreviations

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