Medical Exoskeleton Market: Benefits Such as Better Circulation, Decreased Pain & Increased Oxygen Intake will Lead to the 29% Market Growth During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--
The “Medical Exoskeleton Market by Mobility Type and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global Medical Exoskeleton Market: About this market
The 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.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MOBILITY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/rj3asl
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INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
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PUB: 01/14/2020 09:36 AM/DISC: 01/14/2020 09:36 AM