Global Medical Exoskeleton Market: Key Highlights
Global Medical Exoskeleton Market: Key Market Dynamics
Global Medical Exoskeleton Market: Regional Overview
The market in North America is expected to witness high demand for medical exoskeleton owing to the higher penetration of technology and the high prevalence of physical disability disorders. The American Community Survey (ACS) estimates the overall rate of people with disabilities in the US population in 2016 was 12.8%.
The European market is projected to showcase high growth during the review period on the backdrop of expanding the healthcare industry. Presence of a large healthcare base coupled with extensive spending of the consumers is expected to drive the market. For instance, according to Eurostat, the total healthcare spending was 7% of the GDP in 2017.
Global Medical Exoskeleton Market: Key Players Overview
CYBERDYNE INC. is a Japan-based robotics technology company. It manufactures and sells medical products as well as provide services relating to rental and training. Cyberdyne's main product is a cyborg-type robot, HAL (Hybrid Assistive Limb). In August 2018, the company announced its collaboration with Brooks Rehabilitation and the Brooks Cybernic Treatment Center to bring its HAL exoskeleton to the US market.
Ekso Bionics is engaged in the development of exoskeletons to enhance natural abilities and, ultimately, improve the quality of life. It operates through two business segments, namely Ekso Health and Ekso Works. In August 2019, the company launched Next Generation Exoskeleton, named EksoGT for neurorehabilitation.
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