Rising Population With Physical Disabilities To Drive The Medical Exoskeleton Market Growth

  • According to the new market research report “Medical Exoskeleton Market by Type (Powered, Passive), by Component (Hardware, Software), by Mobility (Stationary, Mobile), by Extremity (Lower, Upper), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) — Global Forecast (2019 to 2027)”, the global Medical Exoskeleton market is projected to reach a value of around USD 3 billion, registering a CAGR of around 34% during the review period
  • The medical exoskeleton is used for improving mobility among paraplegics, amputees, and others
  • It improves endurance, bowel, bladder control, and bone density in patients with paraplegia and paralysis
  • Apart from this, it enhances the cardiovascular and metabolic functions, circulation, oxygen intake, and sitting posture.
  • However, high cost of the exoskeleton is a major restraining factor
  • According to the World Health Organization, around 15% of the global population suffers from a certain form of disability
  • Increasing incidences of physical injuries in accidents due to alcohol consumption, traffic volume, and others is a key driver of the medical exoskeleton
  • Additionally, poor eating habits and unhealthy lifestyle choices among the consumers results in childbirth with physical disabilities, which is expected to further drive the market
  • Increasing insurance coverage for medical exoskeleton is another major driver of the global market
  • Voice recognition control and artificial intelligence technology, and cognitive stimulation are some of the technological advancements which likely to offer new opportunities
  • Use of 3D printing technology to manufacture medical exoskeletons without incurring additional costs and extra machinery or tools is a megatrend followed in this market
  • North America
  • Europe
  • CYBERDYNE INC.:
  • Ekso Bionics:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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