Increasing incidences of neurological disorders is driving the Medical Exoskeleton Market

Latest News - Medical Exoskeleton Market 2024-2028: North America Leads Market Growth and Trends

Technavio analyzes that the Medical Exoskeleton Market is expected to grow at a CAGR of 55.77% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.87 billion.There are various factors that contribute to the growth of the market. The medical exoskeleton market is experiencing significant growth due to the rising incidence of Spinal Cord Injuries (SCIs). These injuries often result in paralysis and require long-term care, making medical exoskeletons an essential solution for enabling mobility and improving the quality of life for affected individuals. Medical exoskeletons are wearable robotic devices that support and enhance human mobility, making them an invaluable tool for individuals with SCIs. These devices offer numerous benefits, including improved functional abilities, reduced caregiver burden, and increased independence. As the prevalence of SCIs continues to rise, the demand for medical exoskeletons is expected to increase substantially in the coming years.

In the realm of assistive technology, MEDEXO ROBOTICS' mobile exoskeletons represent a significant advancement in homecare solutions for individuals with mobility impairments due to multiple sclerosis, strokes, or neurological disorders. These innovative devices facilitate powered knee or hip motion, enabling users to ambulate with crutches or a walker, thereby enhancing balance and independence. Mobile exoskeletons incorporate advanced technology, including a multi-level controller and sensors, to determine and facilitate ambulation. Customizable and configurable to individual requirements, these devices offer a more complex solution compared to stationary exoskeletons. Despite their complexity, they are compact, requiring intricately designed battery packs, lightweight motors, and controllers to fit within a streamlined structure. The development and production of these mobile exoskeletons represent a substantial investment. 

Know which region is leading the market growth by requesting a sample report

Medical Exoskeleton Market Segmentation

• Mobility Type
  • Mobile exoskeleton
  • Stationary exoskeleton
• Technology
  • Powered exoskeletons
  • Passive exoskeletons
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Bionik Laboratories Corp.
• B Temia
• Cyberdyne Inc.
• DIH Group
• Ekso Bionics Holdings Inc.
• Exoatlet Global SA
• Focal Meditech
• GOGOA Mobility Robots SL
• Honda Motor Co. Ltd.
• Marsi Bionics SL
• MYOMO INC.
• Ottobock SE and Co. KGaA
• P and S Mechanics Co. Ltd.
• Parker Hannifin Corp.
• Rehab Robotics Co. Ltd.
• ReWalk Robotics Ltd.
• Rex Bionics Ltd.
• Sarcos Technology and Robotics Corp.
• Wandercraft
• Wearable Robotics Srl

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

Medical exoskeletons are advanced assistive devices designed to aid individuals with neurological disorders such as Stroke, SCI, cerebral palsy, and neuropathy in their rehabilitation process. FDA regulations and ISO standards ensure their safety and effectiveness. Companies like Ekso Bionics, BIONIK, B-Temia, Bioventus, Hocoma, Wearable Robotics srl, ExoAtlet, Meditouch, and others provide these rehabilitation devices for mobility challenges due to spinal cord injury, cerebral palsy, or stroke. These exoskeletons offer an alternative to traditional rehabilitation devices like wheelchairs, crutches, and walkers, enhancing quality of life.

Market Research Overview

The medical exoskeleton market is a significant segment within the global healthcare equipment industry, focusing on assistive devices for stroke patients and those with severe musculoskeletal injuries. These advanced, differentiated, and clinically tested devices, developed by leading companies such as Ekso Bionics and ReWalk Robotics, facilitate rehabilitation approaches. FDA regulations and ISO standards ensure product safety and efficacy. Rehabilitation centers are major consumers, utilizing self-assist exoskeletons for spinal cord injuries (SCI) and other conditions. The global healthcare equipment market size is determined by the combined revenue generated from manufacturers of diagnostic equipment and devices, encompassing capital equipment, instruments, implants, accessories, and consumables used across various therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

• Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.


• Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.


• High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/