Latest news with #MedicalExoskeleton
Yahoo
02-07-2025
- Business
- Yahoo
Medical Exoskeleton Market Poised for Growth, Estimated to Hit USD 2,267.2 Million by 2032
The Medical Exoskeleton Market presents strong opportunities due to growing demand for rehabilitation solutions, rising spinal cord injury cases, advances in robotic technology, and increased adoption in elderly care and physical therapy settings Burlingame, CA, July 02, 2025 (GLOBE NEWSWIRE) -- The Global Medical Exoskeleton Market is estimated to be valued at USD 538.4 Mn in 2025 and is expected to reach USD 2,267.2 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 22.8% from 2025 to 2032. Medical exoskeletons are wearable systems designed to support movement and enhance physical strength. These devices assist individuals with mobility challenges such as muscle weakness or spinal injuries in walking, standing, lifting, and participating in rehabilitation or work-related tasks. Market growth is fueled by the rising number of spinal cord injuries, increasing orthopaedic conditions, and the expanding elderly population. Request Sample Report: Global Medical Exoskeleton Market Key Takeaways According to Coherent Market Insights (CMI), the global medical skeleton market size is expected to grow more than fourfold, from USD 538.4 Mn in 2025 to USD 2,267.2 Mn by 2032. Global demand for medical exoskeletons is anticipated to increase at a prolific CAGR of 22.8% during the forecast period. Based on type, lower body exoskeletons segment is expected to dominate the industry, holding a market share of 43.2% in 2025. North America is projected to account for nearly two-fifths of the global medical exoskeleton market share in 2025. Europe medical exoskeleton market is estimated to be valued at around USD 150. 75 Mn by 2025. Asia Pacific is poised to record fastest growth during the assessment period. This is due to rising incidence of mobility impairments and disabilities, as well as increasing acceptance and adoption of medical exoskeletons. Get Instant Access! Purchase Research Report and Receive a 25% Discount: Rising Prevalence of Disabilities and Neurological Disorders Fueling Market Growth Coherent Market Insights' latest global medical exoskeleton market research report provides insights into key factors driving the industry's growth. One such key growth driver is the increasing incidence of neurological disorders and physical disabilities. According to the World Health Organization (WHO), over 3 billion people worldwide are living with a neurological condition. This rise in neurological disorders like stroke, multiple sclerosis, Parkinson's disease, and cerebral palsy is expected to boost demand for medical exoskeletons. Medical exoskeletons are designed to assist or enhance human movement. They have the tendency to support rehabilitation by assisting weakened muscles. These wearable mechanical devices consist of structural components, control systems, sensors, motors, and actuators that work together to mimic human motion. High Cost and Regulatory Hurdles Limiting Market Growth The global medical exoskeleton market outlook indicates strong future growth. However, high cost of medical exoskeletons and regulatory challenges are expected to limit market expansion to some extent. Advanced medical exoskeletons are quite expensive, costing thousands of dollars. This high cost deters patients with disabilities from opting for medical exoskeletons, leading to reduced market demand. Similarly, medical exoskeletons must undergo rigorous and often lengthy regulatory approval processes. These processes can delay product launches and increase development costs, potentially hindering the global medical exoskeleton market growth. Ongoing Innovations Creating Lucrative Growth Opportunities Innovation remains a prime area of focus for medical exoskeleton companies to capitalize on emerging opportunities. Leading industry players are constantly integrating AI, IoT, sensors, and lightweight materials in their products to enhance functionality, comfort, and adaptability of medical exoskeletons. Similarly, advancements in battery technologies and wearable designs are making medical exoskeletons more attractive, accessible, and user-friendly. These innovations are expected to play a key role in boosting the overall global medical exoskeleton market value during the forecast period. Impact of AI on the Global Medical Exoskeleton Market Artificial intelligence (AI) is creating strides in the global medical exoskeleton market. This advanced technology is transforming rigid assistive devices into adaptive, intelligent companions. AI enables exoskeletons to anticipate users' intentions as well as deliver real-time motion adjustments and reduce fall risk. This heightened responsiveness is particularly beneficial in rehabilitation. AI-enabled remote monitoring and cloud integration allow clinicians to track progress and adjust protocols virtually. This technology helps extend rehabilitation and mobility support beyond traditional healthcare settings, thereby unlocking new growth opportunities in the medical exoskeleton market. Emerging Global Medical Exoskeleton Market Trends Increasing geriatric population is expected to uplift demand for medical exoskeletons, as older adults are more susceptible to mobility impairments and musculoskeletal conditions like osteoporosis and arthritis. This demographic shift is increasing the need for effective rehabilitation solutions and mobility assistance technologies. Rising cases of spinal cord injuries is positively impacting sales of medical exoskeletons. As more people suffer from spinal cord injuries, they need assistive and rehabilitative technologies like medical exoskeletons. These technologies play a crucial role in supporting mobility, enhancing rehabilitation outcomes, and improving quality of life for individuals with spinal cord injuries. There is a rapid transition from stationary exoskeletons to mobile ones. Companies are striving to develop mobile medical exoskeletons to meet evolving needs and preferences of end users. Leading companies are also focusing on developing exoskeletons for home care settings. This will likely contribute to the expansion of the global medical exoskeleton industry in the coming years. Get Customization on this Report: Analyst's View said Manisha Vibhute, a senior analyst at CMI. Current Events and Their Impact on the Global Medical Exoskeleton Market Event Description and Impact U.S. Department of Veterans Affairs Expands Exoskeleton Coverage Description: The U.S. Department of Veterans Affairs has expanded reimbursement eligibility for powered exoskeletons used in spinal cord injury rehabilitation. Impact: This move is expected to open a significant reimbursement pathway, increasing accessibility for U.S. veterans and encouraging wider adoption of exoskeletons in hospitals and rehabilitation centers. Breakthroughs in Exoskeleton Technologies Description: In February 2025, Chulalongkorn University introduced its 'Exoskeleton Wheelchair,' a hybrid robotic suit designed to assist elderly individuals and people with mobility challenges in sitting, standing, and walking. Impact: Such technological advancements are likely to accelerate innovation and fuel market growth in the medical exoskeleton industry. European Union's AI Act Implementation Begins Description: The EU started phased enforcement of the AI Act, with medical AI-powered devices classified under strict regulatory scrutiny. Impact: Companies developing AI-integrated exoskeletons must comply with rigorous transparency and safety criteria. Competitor Insights Key companies listed in the global medical exoskeleton market report: BIONIK ReWalk Robotics Ekso Bionics Suit X PARKER HANNIFIN CORP Rex Bionics Ltd B-Temia CYBERDYNE INC. ExoAtlet Wandercraft Key Developments In April 2025, Lifeward Ltd. announced the U.S. launch of the ReWalk 7 Personal Exoskeleton for people with spinal cord injuries. The new device, featuring enhanced features, is designed to provide a more functional and personalized walking experience. In February 2025, Wandercraft initiated a new clinical trial for its groundbreaking Personal Exoskeleton at the James J. Peters VA Medical Center in the Bronx, NY. It is the world's first self-balancing exoskeleton developed for personal use. In December 2024, researchers at the Korea Advanced Institute of Science and Technology developed a lightweight wearing robot for paraplegic patients. The new Iron Man Robot, named WalkON Suit F1, can approach paraplegic patients and lock itself onto them, enabling them to walk, climb staircases, and maneuver obstacles. Global Medical Exoskeleton Market Segmentation: By Type Lower Body Exoskeletons Upper Body Exoskeletons Full Body Exoskeletons Others (Soft Exoskeletons, Active Exoskeletons, Passive Exoskeletons) By Mobility Mobile Exoskeletons Stationary Exoskeletons Fixed Exoskeletons By End User Rehabilitation Centers Hospitals Long Term Care Centers Homecare Settings Others (Industrial Sites, Military) By Region North America Europe Asia Pacific Latin America Middle East and Africa Read More Reports: Bionic Prosthetics Market Size, Share & Trend Analysis Report (2025-2032)Exoskeleton Market Size, Share, Trends & Opportunities for 2025 to 2032Military Exoskeleton Market Analysis and Forecast for 2025-2032 Our Trusted Partners:Worldwide Market Reports, Coherent MI, Stratagem Market InsightsGet Recent News: CONTACT: About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries. Contact Us: Mr. Shah Coherent Market Insights 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States US: + 12524771362 UK: +442039578553 AUS: +61-2-4786-0457 India: +91-848-285-0837 Email: sales@ Website: For Latest Update Follow Us: LinkedIn | Facebook | Twitter
Yahoo
21-02-2025
- Business
- Yahoo
Trends & Strategies Shaping the Medical Exoskeletons Industry, 2025-2030 - Technological Innovations in Lightweight and Battery-Powered Exoskeletons Propel Market Expansion
Gain insights into the U.S. market, valued at $633 Million in 2024, and China, forecasted to grow at an impressive 18.4% CAGR to reach $914.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Medical Exoskeleton Market Dublin, Feb. 21, 2025 (GLOBE NEWSWIRE) -- The "Medical Exoskeleton - Global Strategic Business Report"has been added to global market for Medical Exoskeleton was valued at US$2.1 Billion in 2024 and is projected to reach US$6.5 Billion by 2030, growing at a CAGR of 20.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the medical exoskeleton market is driven by several factors, including the increasing prevalence of neurological and mobility disorders, advancements in robotics and AI, and rising demand for rehabilitation technologies. As the global population ages, the incidence of mobility impairments is rising, driving demand for assistive technologies like exoskeletons. Advances in robotics and motion control systems are making these devices more effective and accessible, further boosting market growth. Additionally, the growing focus on improving patient outcomes through rehabilitation and the increasing availability of insurance coverage for medical exoskeletons are contributing to the market's ScopeThe report analyzes the Medical Exoskeleton market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined (Hardware, Software); Type (Powered, Passive); Mobility (Mobile, Stationary).Geographic Regions/CountriesWorld; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of Insights: Market Growth: Understand the significant growth trajectory of the Exoskeleton Hardware segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 17.6%. The Exoskeleton Software segment is also set to grow at 23.4% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $633 Million in 2024, and China, forecasted to grow at an impressive 18.4% CAGR to reach $914.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Bionik Laboratories Corp, B-TEMIA Inc., Cyberdyne Inc., Ekso Bionics Holdings, Inc., ExoAtlet and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Questions Answered: How is the Global Medical Exoskeleton Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Some of the 34 major companies featured in this Medical Exoskeleton market report include: Bionik Laboratories Corp B-TEMIA Inc. Cyberdyne Inc. Ekso Bionics Holdings, Inc. ExoAtlet Gogoa Mobility Robots SL Hocoma AG (A Subsidiary of DIH Technologies) Parker Hannifin Corp ReWalk Robotics Ltd Rex Bionics Ltd. Tyromotion GmbH US Bionics Wearable Robotics SRL Key Attributes Report Attribute Details No. of Pages 89 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $2.1 Billion Forecasted Market Value (USD) by 2030 $6.5 Billion Compound Annual Growth Rate 20.3% Regions Covered Global MARKET OVERVIEW Influencer Market Insights World Market Trajectories Global Economic Update Medical Exoskeleton - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Demand for Rehabilitation and Mobility Assistance Drives Growth in Medical Exoskeleton Market Technological Advancements in Wearable Exoskeletons Strengthen Business Case for Adoption Growing Focus on Improving Mobility in Patients with Disabilities Expands Addressable Market for Exoskeletons Expansion of Medical Exoskeletons in Physical Therapy and Neurological Rehabilitation Fuels Market Growth Increasing Adoption of Powered Exoskeletons for Spinal Cord Injury Patients Expands Market Opportunities Technological Innovations in Lightweight and Battery-Powered Exoskeletons Propel Market Expansion Rising Focus on Enhancing Patient Independence and Quality of Life Drives Demand for Medical Exoskeletons Growing Use of Medical Exoskeletons in Stroke Recovery and Gait Training Expands Market Potential Focus on Reducing Rehabilitation Time and Improving Therapy Outcomes Strengthens Demand for Exoskeletons Rising Adoption of Medical Exoskeletons in Elderly Care and Assisted Living Facilities Expands Addressable Market Technological Advancements in AI-Enabled and Smart Exoskeleton Systems Propel Market Growth Rising Demand for Pediatric Exoskeletons for Mobility Assistance Expands Market Opportunities For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Medical Exoskeleton Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
