Increased focus on the development of a medical exoskeleton based on a brain-machine interface
DUBLIN, April 8, 2022 /PRNewswire/ — The “Medical Exoskeleton Market – Global Outlook and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The medical exoskeleton market in terms of revenue is expected to grow at a CAGR of over 36% during the period 2022-2027.
The government is responsible for ensuring that exoskeleton products sold in its region are accepted and meet market requirements. Accordingly, the government has enacted appropriate legislation to ensure that the objectives are met, that product safety is the primary objective, and that the sale of unsafe products does not harm citizens.
However, if the commercialization involves technical developments of products, a technical and regulatory framework in which the competent regional authorities enact legislation applicable to all levels of government (national, state, state, local, etc.) covering the services and actions some products.
The security of governments and regulators is a major concern before new products are generally available on the market. In this regard, only a few exoskeletons such as ReWalk, Ekso Bionics, and Cyberdyne have been certified to meet ever-changing international safety guidelines in medical and non-medical applications critical to market growth.
Powered exoskeletons accounted for the largest share of the overall exoskeletons market in 2020. The high cost of powered exoskeletons results in a higher technology market share than passive exoskeletons. Passive exoskeletons are often cheaper and lighter than powered exoskeletons. Thus, combining the features of powered and passive exoskeletons into a new class of pseudo-passive (or semi-active) devices may provide a promising future direction for exoskeleton technology.
The ReWalk exoskeleton developed by ReWalk Robotics (Marlborough, Mass., US) is a LEE that allows motorized movement of the hip and knee so people with IBS can stand and walk upright. It is the first exoskeleton suit, approved by the United States Food and Drug Administration in 2014, which can be used as a personal device at home and in the community, propelling the growth of the market.
The reason for the boom in the medical exoskeleton market in North America was contributed by the factors of increasing elderly population, prevalence of chronic diseases, increasing number of strokes, increasing number of rehabilitation centers, increasing number of prescriptions and hospitalization rates, rising public funding and health care expenditures, and growing awareness of technological development. The strong presence of key medical exoskeleton players is also another reason for the high adoption of medical exoskeleton in North America.
APAC has a growing number of exoskeleton developers actively involved in the development of innovative medical exoskeletons at an affordable cost. APAC is expected to grow at a lucrative rate due to an increase in the incidence of strokes, growing aging population, related health issues, supportive government policies, rising healthcare expenditures are some of the factors driving the market.
Massachusettsbased on exoskeleton maker ReWalk Robotics. The company’s latest product, the Augmentative ReWalk 6.0, uses state-of-the-art technology to enable people with paraplegia, a spinal cord injury resulting in complete or incomplete paralysis of the legs, to stand, turn and walk.
Ekso Bionics, a Singapore-, announces a partnership with australia Royal rehabilitation to further expand the use of robotic exoskeletons in the Asia Pacific Region.
California Ekso GT from Ekso Bionics is also a major rehabilitation exoskeleton, equipped with intelligent assistive software, the physical therapist can change the support of each leg device individually. This capability enables Ekso GT to rehabilitate more patients, from those too weak to walk to those who are nearly independent, eventually for market growth.
- Wearable robots and exoskeletons are used to facilitate personal mobility. Exoskeletons provide high-quality rehabilitation, thereby providing the basis for a growth strategy for clinical facilities in the medical exoskeleton market.
- 3D printing exoskeletons make it possible to design and produce parts with complex shapes and geometries without waste or composite materials. This technology gives the manufacturer design freedom and allows us to design customer-specific products in small quantities and at low cost.
The following factors are likely to contribute to the growth of the medical exoskeletons market.
- The emergence of flexible actuator medical exoskeletons
- Focus on the development of 3D printed medical exoskeletons
- Increased focus on the development of a medical exoskeleton based on a brain-machine interface
- Increase in the number of people with physical disabilities
- Recent advances in the medical exoskeleton
- Increased insurance coverage for medical exoskeleton
- Bionic Ekso
- ReWalk Robotics
- PARKER HANNIFIN
- Bionic Rex
- Medical IHL
OTHER MAJOR SUPPLIERS
- wearable robotics
- Honda engine
- bionic power
- ROBOTIC ANGEL
- BAMA Teknoloji
- Bionic Yantra
- Bioservo technologies
- Fourier Intelligence
- FREE Bionics
- Gloreha Idrogenet
- Harmonic Bionics
- HEXAR Humancare
- Human robotics in motion
- MARSI BIONIC
Main topics covered:
1 Research methodology
2 research objectives
3 Research process
4 Scope and coverage
4.1 Market Definition
4.2 Reference year
4.3 Scope of the study
4.4 Market Segmentation
5 Report assumptions and caveats
5.1 Main caveats
5.2 Currency conversion
5.3 Market Derivation
6 The market at a glance
8 Market Opportunities and Trends
8.1 Emergence of flexible actuator medical exoskeletons
8.2 Development of 3D printed medical exoskeletons
8.3 Increased focus on brain-machine interface-based medical exoskeletons
9 Market Growth Catalysts
9.1 Increase in the number of people with physical disabilities
9.2 Recent advances in medical exoskeletons
9.3 Increased insurance coverage for medical exoskeletons
10 Market Restrictions
10.1 High cost of medical exoskeletons
10.2 Increased preference for wheelchairs
11 Market landscape
11.1 Market Overview
11.2 Market Size and Forecast
11.3 Five forces analysis
12.1 Market Overview and Growth Driver
12.2 Market Overview
12.3 Motorized exoskeleton
12.4 Passive Exoskeleton
13.1 Market Overview and Growth Driver
13.2 Market Overview
13.3 Lower limb exoskeletons
13.4 Upper limb exoskeletons
14.1 Market Overview and Growth Driver
14.2 Market Overview
14.3 Mobile exoskeletons
14.4 Stationary exoskeletons
15.1 Market Overview and Growth Driver
15.2 Market Overview
15.3 Rehabilitation exoskeletons
15.4 Augmentation Exoskeletons
16.1 Market Overview and Growth Driver
16.2 Geographic overview
For more information on this report, visit https://www.researchandmarkets.com/r/5qa2cb
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