Medical Exoskeleton Market by Mobility Type and Geography - Forecast and Analysis 2020-2024

Medical Exoskeleton Market by Mobility Type and Geography - Forecast and Analysis 2020-2024

Global Medical Exoskeleton Market: About this market

Technavio’s medical exoskeleton market analysis considers sales from mobile exoskeleton and stationary exoskeleton. Our study also finds the sales of the medical exoskeleton in Asia, Europe, North America, and ROW. In 2019, the mobile exoskeleton segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as voice recognition control, complemented with artificial intelligence (AI) technology, to aid bodily movements in patients will play a significant role in the mobile exoskeleton segment to maintain its market position. Also, our global medical exoskeleton market report looks at factors such as increasing incidences of SCIs, advantages of medical exoskeletons in rehabilitation, and insurance coverage for the medical exoskeleton. However, the requirement of well-trained caregivers, high cost of medical exoskeletons, and stringent regulations may hamper the growth of the medical exoskeleton industry over the forecast period.

Global Medical Exoskeleton Market: Overview

Advantages of medical exoskeletons in rehabilitation

Medical exoskeletons are used as a rehabilitation therapy device by patients with paraplegia and paralysis, aiding them to stand and walk upright as they lack mobility due to lost brain functions and increased osteoporosis, pressure sores, and blood clots risks. Medical exoskeletons benefit patients by improving their endurance, bowel and bladder control, and bone density and reducing the chances of developing urinary tract infections. Additional benefits include improved cardiovascular and metabolic functions, better circulation, increased oxygen intake, decreased pain, a decrease in body fat percentage, and improved sitting posture. Such benefits will lead to the expansion of the global medical exoskeleton market at a CAGR of almost 29% during the forecast period.

Focus on development of 3D-printed medical exoskeletons

The use of 3D printing technology has allowed healthcare manufacturers to make changes in product designs without incurring additional costs and extra machinery or tools. Moreover, 3D printing technology aids in the development of complex medical devices based on customized or personalized preferences offering benefits such as improved outcomes, reduced complications, and shortened recovery time. Hence, manufacturers in the market are using 3D printing to develop various medical exoskeletons. Such growing use of 3D-printed medical exoskeletons will drive the growth of the global medical exoskeleton market.

For the detailed list of factors that will drive the global medical exoskeleton market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global medical exoskeleton market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical exoskeleton manufacturers, that include Bioness Inc., Bionik Laboratories Corp., CYBERDYNE Inc., DIH Group, Ekso Bionics Holdings Inc., GOGOA Mobility Robots, Parker-Hannifin Corp., ReWalk Robotics Ltd., Tyromotion GmbH, and Wearable Robotics.

Also, the medical exoskeleton market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare equipment market
      • Table Segments of global healthcare equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value Chain Analysis
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
    • Market outlook
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by mobility type
    • Table Mobility type - Market share 2019-2024 (%)
    • Comparison by mobility type
      • Table Comparison by mobility type
    • Mobile exoskeleton - Market size and forecast 2019-2024
      • Table Mobile exoskeleton - Market size and forecast 2019-2024 ($ millions)
      • Table Mobile exoskeleton - Year-over-year growth 2020-2024 (%)
    • Stationary exoskeleton - Market size and forecast 2019- 2024
      • Table Stationary exoskeleton - Market size and forecast 2019-2024 ($ millions)
      • Table Stationary exoskeleton - Year-over-year growth 2020-2024 (%)
    • Market opportunity by mobility type
      • Table Market opportunity by mobility type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • Asia - Market size and forecast 2019-2024
      • Table Asia - Market size and forecast 2019-2024 ($ millions)
      • Table Asia - Year-over-year growth 2020-2024 (%)
    • ROW - Market size and forecast 2019-2024
      • Table ROW - Market size and forecast 2019-2024 ($ millions)
      • Table ROW - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Launch of technologically advanced products
    • Increasing focus on use of exoskeletons featuring existing and emerging technologies
    • Focus on development of 3D-printed medical exoskeletons
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bioness Inc.
      • Table Bioness Inc. - Vendor overview
      • Table Bioness Inc. - Product segments
      • Table Bioness Inc. - Key offerings
    • Bionik Laboratories Corp.
      • Table Bionik Laboratories Corp. - Vendor overview
      • Table Bionik Laboratories Corp. - Business segments
      • Table Bionik Laboratories Corp. - Organizational developments
      • Table Bionik Laboratories Corp. - Key offerings
    • CYBERDYNE Inc.
      • Table CYBERDYNE Inc. - Vendor overview
      • Table CYBERDYNE Inc. - Business segments
      • Table CYBERDYNE Inc. - Organizational developments
      • Table CYBERDYNE Inc. - Segment focus
      • Table CYBERDYNE Inc. - Key offerings
    • DIH Group
      • Table DIH Group - Vendor overview
      • Table DIH Group - Business segments
      • Table DIH Group - Organizational developments
      • Table DIH Group - Key offerings
    • Ekso Bionics Holdings Inc.
      • Table Ekso Bionics Holdings Inc. - Vendor overview
      • Table Ekso Bionics Holdings Inc. - Business segments
      • Table Ekso Bionics Holdings Inc. - Organizational developments
      • Table Ekso Bionics Holdings Inc. - Geographic focus
      • Table Ekso Bionics Holdings Inc. - Segment focus
      • Table Ekso Bionics Holdings Inc. - Key offerings
    • GOGOA Mobility Robots
      • Table GOGOA Mobility Robots - Vendor overview
      • Table GOGOA Mobility Robots - Business segments
      • Table GOGOA Mobility Robots - Key offerings
    • Parker-Hannifin Corp.
      • Table Parker-Hannifin Corp. - Vendor overview
      • Table Parker-Hannifin Corp. - Business segments
      • Table Parker-Hannifin Corp. - Organizational developments
      • Table Parker-Hannifin Corp. - Geographic focus
      • Table Parker-Hannifin Corp. - Segment focus
      • Table Parker-Hannifin Corp. - Key offerings
    • ReWalk Robotics Ltd.
      • Table ReWalk Robotics Ltd. - Vendor overview
      • Table ReWalk Robotics Ltd. - Business segments
      • Table ReWalk Robotics Ltd. - Organizational developments
      • Table ReWalk Robotics Ltd. - Geographic focus
      • Table ReWalk Robotics Ltd. - Key offerings
    • Tyromotion GmbH
      • Table Tyromotion GmbH - Vendor overview
      • Table Tyromotion GmbH - Product segments
      • Table Tyromotion GmbH - Organizational developments
      • Table Tyromotion GmbH - Key offerings
    • Wearable Robotics
      • Table Wearable Robotics - Vendor overview
      • Table Wearable Robotics - Business segments
      • Table Wearable Robotics - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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