Medical Exoskeleton Market

Global Medical Exoskeleton Market Outlook for 2024 to 2034

The medical exoskeleton market value is estimated to be USD 394.3 million in 2024. Global population aging is on the rise, creating a greater need for assistive exoskeleton devices for regular activities or rehabilitation.

The market is predicted to rise at a robust CAGR of 29.1% during the forecast period. The global medical exoskeleton industry's share is estimated to reach a value of nearly USD 5,100 million by 2034.

Medical Exoskeleton Market Trends & Analysis

• Powered exoskeleton technology is improving to provide better comfort and compliance for everyday living and rehabilitation. Combining Brain-computer interfaces (BCIs) with brain signals to provide more natural control and customized therapy is one such advancement attracting more consumers and healthcare providers.
• For instance, fabric-based eight soft exosuits from MyoSuit and Atalante, intimidated the difficulties associated with metal and polycarbonate-based exoskeleton systems. Such cutting-edge designs with enhanced ergonomics, lightweight materials, and user interfaces are expected to promote market expansion further in the coming years.

Report Attribute	Details
Medical Exoskeleton Market Size (2024)	USD 394.3 million
Market Anticipated Forecast Value (2034)	USD 5,100 million
Market Projected Growth Rate (2024 to 2034)	29.1% CAGR

Global Medical Exoskeleton Market Historical Analysis Vs Forecast Outlook

The net revenue generated from sales of medical exoskeletons globally was USD 98 million in 2019. In the following years, the sales increased at an astounding rate of 38.4% on average till 2023. The overall market value was USD 301 million in 2023.

A move toward home-based healthcare solutions or rehabilitating in-home settings surged the sales of exoskeleton suits during this period. This trend is likely to continue ahead and drive the market growth over the next ten years.

Attributes	Details
Medical Exoskeleton Market Value (2019)	USD 98 million
Market Revenue (2023)	USD 301 million
Market Historical Growth Rate (CAGR 2019 to 2023)	38.4% CAGR

Prominent Factors Fueling the Global Medical Exoskeleton Market Growth

As per recent global health reports, neurological problems are becoming more common among all age groups, affecting the mobility of limbs and the body.

So, the development of exoskeletons by combining different sensors and algorithms for better obstacle recognition, motion tracking, and stability is likely to get popular among patients suffering from diseases like spinal cord injuries and stroke.

Combining augmented reality (AR) and virtual reality (VR), like immersive technologies, is a current trend to improve patients' rehabilitation experience. The integration of more modern aids to make wearable exoskeleton devices more engaging and effective has increased their demand and use in old-age homes or rehabilitation facilities.

Country-wise Insights

The table below lists the countries with higher estimated CAGRs as per the medical exoskeleton industry analysis report for 2024 to 2034.

Regional Market Comparison	CAGR (2024 to 2034)
United States	28.6%
Japan	30.7%
United Kingdom	29.8%
South Korea	31.4%
China	30.2%

The United States Medical Exoskeleton Industries are Advancing for Robotics

The United States medical exoskeleton market is projected to grow at a rate of 28.6% through the forecasted years. The net worth of this leading market is poised to be around USD 911.1 million by 2034.

• There is a positive public view and a better understanding of the neurorehabilitation exoskeleton devices' advantages among healthcare professionals as well as citizens of the United States.
• Rapid technological progress in the development and design of powered robotics technology.

Robust Healthcare Infrastructure Supports Market Growth in the United Kingdom

Demand for medical exoskeletons in the United Kingdom is expected to increase at a rate of 29.8% per year till 2034. The United Kingdom market valuation is expected to reach almost USD 207.2 million by 2034 end.

• Greater prevalence of mobility-related problems among the aging population of European countries.
• The adoption of customizable medical exoskeletons in clinical and rehabilitative settings and the specific demands of each patient have augmented the regional market.

Growing Demand for Medical Exoskeleton Exports is Fueling the Market in China

The medical exoskeleton industry in China is forecasted to advance at a rate of 30.2% over the forecast years. The net worth of the regional market is expected to reach USD 830.5 million by 2034.

• The growing burden of diseases like spinal cord injuries and stroke has made medical exoskeletons more necessary as helpful aids during rehabilitation.
• Increasing demand for mobility exoskeletons from neighboring Asian countries is expected to increase its production and export in China.

Japanese Medical Exoskeleton Manufacturers are Integrating Modern Technologies

Production and sales of medical exoskeletons in Japan are likely to increase at a promising rate of 30.7% during the forecast years. Net revenue generated by the regional medical exoskeleton manufacturers here is expected to be USD 593.2 million by 2034.

• The Greater use of medical exoskeletons as rehabilitation aids in improving the mobility and independence of senior citizens in Japan.
• Adding cutting-edge features like advanced control algorithms, user-friendly interfaces, and longer battery life are popularizing the Japan exoskeletons globally.

Government Support is Driving Medical Exoskeleton Production in South Korea

The medical exoskeleton industries in South Korea are poised to witness the most lucrative growth rate of 31.4% on average between 2024 and 2034. Their combined valuation by 2034 end is forecasted to be around USD 297.9 million.

• Increasing funding and initiatives by the South Korean government for the advancement of medical technologies and healthcare industries.
• Growing collaborations among manufacturers and medical facilities in South Korea have made it easier to include orthotic exoskeletons in rehabilitation plans.

Category-wise Insights

Powered Medical Exoskeletons Garner Higher Market Share in Terms of Value

Based on product type, powered exoskeleton devices are leading the market. This segment is expected to witness a growth rate of 28.8% over the next ten years.

Attributes	Details
Top Product Type or Segment	Powered Exoskeleton
Market Segment Growth Rate from 2024 to 2034	28.8% CAGR
Market Segment Growth Rate from 2019 to 2023	32.1% CAGR

• The growing use of wearable electromechanical devices in the military and sports industries is expanding the power exoskeleton segment.
• Modern features that have made the use and maneuvering of power exoskeletons easy are expected to increase their adoption in the medical sector.

Stationary Medical Exoskeletons are preferred more by End Users or Patients

Based on mobility type, the stationary exoskeleton segment dominates over the mobile exoskeleton segment. The stationary exoskeleton segment is forecasted to further expand at a rate of 28.5% per year through 2034.

Attributes	Details
Top Mobility Type or segment	Stationary Exoskeleton
Market Segment Growth Rate from 2024 to 2034	28.5% CAGR
Market Segment Growth Rate from 2019 to 2023	31.8% CAGR

• Easy interfaces of stationary medical exoskeletons have increased their accessibility to a wide variety of patients.
• More research findings and published papers demonstrating the effectiveness of stationary medical exoskeletons are boosting the trust of medical experts and encouraging their use in clinical settings.

Competitive Landscape for the Medical Exoskeleton Market

The overall market is comparatively less competitive as very few companies have been able to establish a successful business with the necessary technology and infrastructure. By providing choices for financing, leading medical exoskeletons are attracting patients struggling financially, thereby motivating medical institutions to use their products more.

Meanwhile, new market players are adopting the strategy of working along with medical facilities and rehabilitation institutes to scale up their businesses fast and increase market presence.

Recent Developments in the Global Medical Exoskeleton Market

• In October 2023, Wandercraft, the creator of the first self-stabilizing walking exoskeleton, officially launched commercial operations in the United States. Atalante is a world leader in rehabilitation research, and the company expanded its activities in the country after the FDA approved its exoskeleton for use in stroke therapy in December 2022.
• In October 2023, 'SUITX by Ottobock SE' introduced the IX BACK AIR exoskeleton. The power of rigid systems and the comfort of soft models are combined in the new back-support exoskeleton.

Key Players Profiled in the Medical Exoskeleton Market Report

• CYBERDYNE Inc.
• Wearable Robotics srl
• B-Temia
• Rewalk Robotics
• DIH Medical
• Ekso Bionics
• Human Motion Technologies LLC
• Ottobock SE & Co, KGaA
• ExoAtlet
• Erosante

Key Coverage of the Medical Exoskeleton Market Report

• Country-wise analysis of medical exoskeleton use and sales
• Competitive strategies adopted by medical exoskeleton companies
• Growing opportunities for medical exoskeleton robot manufacturers
• Demand for medical exoskeleton in nursing and healthcare

Medical Exoskeleton Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 394.3 million
Projected Market Size (2034)	USD 5,100 million
Anticipated Growth Rate (2024 to 2034)	29.1%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Product Type, By Application, By Mobility, By Component, and By Region
Key Companies Profiled	CYBERDYNE Inc.; Wearable Robotics srl; B-Temia; Rewalk Robotics; DIH Medical; Ekso Bionics; Human Motion Technologies LLC; Ottobock SE & Co, KGaA; ExoAtlet; Erosante
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
  • 5.1. Powered Exoskeleton
  • 5.2. Passive Exoskeleton
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Mobility
  • 6.1. Stationary
  • 6.2. Mobile
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
  • 7.1. Hardware
  • 7.2. Software
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 8.1. Spinal Cord Injury
  • 8.2. Stroke
  • 8.3. Others
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. CYBERDYNE INC.
  • 19.2. Wearable Robotics srl
  • 19.3. B-Temia
  • 19.4. Rewalk Robotics
  • 19.5. DIH Medical
  • 19.6. Ekso Bionics
  • 19.7. Human Motion Technologies LLC
  • 19.8. Ottobock SE & Co. KGaA (suit X)
  • 19.9. ExoAtlet
  • 19.10. Ergosante
• 20. Assumptions & Acronyms Used
• 21. Research Methodology