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Healthcare Wearable Robots Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
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- ANGEL ROBOTICS
- Bioservo Technologies AB
- CYBERDYNE INC.
- DIH Medical
- ExoAtlet
- Ekso Bionics Holdings Inc.
- Fourier Intelligence
- GenElek Technologies Pvt. Ltd.
- Myomo, Inc.
- Ottobock SE & Co. KGaA
- ReWalk Robotics
- Reha-Stim Medtec AG
- Rex Bionics Ltd.
- Wearable Robotics srl
- TYROMOTION GMBH
JHS
The Global Healthcare Wearable Robots Market, valued at USD 443 million in 2023, is expected to grow at a remarkable CAGR of 29.1% from 2024 to 2032. This growth is largely due to the rising prevalence of disabilities, increased emphasis on patient independence, government support, and interest in exoskeleton technologies. As healthcare costs rise and the demand for advanced rehabilitation solutions grows, healthcare providers are increasingly adopting exoskeletons, which has spurred public and private sector investments in mobility-improving technologies. Wearable robots provide essential support for patients with conditions such as Parkinson's disease and muscle-related disorders, offering innovative rehabilitation options that enhance mobility and independence. The increased need for long-term care and rehabilitation for such conditions is driving the adoption of these advanced robotic devices in healthcare settings.
These wearable robots are robotic devices that patients can wear to assist with movement and rehabilitation, particularly beneficial for those with mobility impairments. Commonly designed as exoskeletons or robotic suits, they improve physical capabilities and aid those with disabilities or neurodegenerative diseases like Parkinson's, stroke, or spinal injuries. The market is categorized by product type, with powered devices generating the highest revenue of USD 365.9 million in 2023. Powered devices are crucial for movement assistance, rehabilitation, and helping healthcare professionals with tasks like patient lifting. Additionally, in terms of structure, soft wearable robots, which are flexible and lightweight, have dominated the market due to their comfort and adaptability, especially for patients needing long-term rehabilitation.
Material-wise, the combination segment leads, valued at USD 123 million in 2023. By using a blend of materials, these devices offer lightweight yet durable solutions that balance strength and ease of movement. This customization provides tailored support for varying mobility needs, allowing for specific levels of flexibility and strength. For body parts, the lower body segment holds the largest share, valued at USD 327.4 million. Advances in sensor technology, actuators, and battery life enhance the functionality of these robots, providing real-time movement assistance, particularly valuable for patients with spinal cord injuries.
Market Scope |
Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $443 Million |
Forecast Value | $4.5 Billion |
CAGR | 29.1% |
The application segment shows the most significant share of stroke rehabilitation, with a value of USD 235.3 million in 2023. These robots are critical in promoting early mobility for stroke patients, thus reducing long-term disability risks. Finally, in end-use, homecare is a rapidly growing segment, driven by the demand for home-based rehabilitation. In North America, the market holds substantial revenue, with the U.S. leading due to its high incidence of stroke and neurological disorders. This trend toward home rehabilitation is also motivated by a shift toward outpatient care and reduced healthcare costs, enhancing patient independence and recovery outcomes.
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Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Growing cases of Parkinson's and other muscle-related diseases
- 3.2.1.2 Increasing investment in the development of exoskeleton technology
- 3.2.1.3 Technological advancements in wearable robots
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High cost of equipment
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 MEA
- 3.5 Technology & innovation landscape
- 3.5.1 Thought control in exoskeleton
- 3.5.2 4D material for exosuits
- 3.5.3 Structured functional textiles based multi-joint-soft-exosuit
- 3.6 Pricing analysis
- 3.7 Reimbursement scenario
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
- 3.10 Future market trends
- 3.11 Gap analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company matrix analysis
- 4.3 Company market share analysis
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Product Type, 2021 - 2032 ($ Mn)
- 5.1 Key trends
- 5.2 Powered devices
- 5.2.1 Hybrid
- 5.2.2 Electric actuator
- 5.2.3 Pneumatic actuator
- 5.2.4 Hydraulic actuator
- 5.2.5 Other powered devices
- 5.3 Passive devices
Chapter 6 Market Estimates and Forecast, By Structure, 2021 - 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Soft
- 6.3 Rigid
Chapter 7 Market Estimates and Forecast, By Material, 2021 - 2032 ($ Mn)
- 7.1 Key trends
- 7.2 Combination
- 7.3 3D printed
- 7.4 Metal
- 7.5 Plastic
- 7.6 Other materials
Chapter 8 Market Estimates and Forecast, By Body Part, 2021 - 2032 ($ Mn)
- 8.1 Key trends
- 8.2 Lower body
- 8.3 Upper body
- 8.4 Full body
Chapter 9 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)
- 9.1 Key trends
- 9.2 Stroke
- 9.3 Spinal cord injury
- 9.4 Traumatic brain injury
- 9.5 Other applications
Chapter 10 Market Estimates and Forecast, By End-use, 2021 - 2032 ($ Mn)
- 10.1 Key trends
- 10.2 Institutional
- 10.3 Homecare
Chapter 11 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 France
- 11.3.4 Spain
- 11.3.5 Italy
- 11.3.6 Netherlands
- 11.3.7 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 South Korea
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Argentina
- 11.5.4 Rest of Latin America
- 11.6 Middle East and Africa
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE
- 11.6.4 Rest of Middle East and Africa
Chapter 12 Company Profiles
- 12.1 ANGEL ROBOTICS
- 12.2 Bioservo Technologies AB
- 12.3 CYBERDYNE INC.
- 12.4 DIH Medical
- 12.5 ExoAtlet
- 12.6 Ekso Bionics Holdings Inc.
- 12.7 Fourier Intelligence
- 12.8 GenElek Technologies Pvt. Ltd.
- 12.9 Myomo, Inc.
- 12.10 Ottobock SE & Co. KGaA
- 12.11 ReWalk Robotics
- 12.12 Reha-Stim Medtec AG
- 12.13 Rex Bionics Ltd.
- 12.14 Wearable Robotics srl
- 12.15 TYROMOTION GMBH