Headline : Medical Exoskeleton Market to grow by USD 2.87 billion from 2024-2028, driven by rising spinal cord injury cases, AI-powered report- Technavio

Read more from the original article on here at www.prnewswire.com.

---

No. of Paragraph 26

NEW YORK, Sept. 6, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global medical exoskeleton market size is estimated to grow by USD 2.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 55.77%  during the forecast period. Increasing incidences of SCIS is driving market growth, with a trend towards launch of technologically advanced products. However, well-trained caregivers requirement  poses a challenge. Key market players include Bionik Laboratories Corp., B Temia, Cyberdyne Inc., DIH Group, Ekso Bionics Holdings Inc., Exoatlet Global SA, Focal Meditech, GOGOA Mobility Robots SL, Honda Motor Co. Ltd., Marsi Bionics SL, MYOMO INC., Ottobock SE and Co. KGaA, P and S Mechanics Co. Ltd., Parker Hannifin Corp., Rehab Robotics Co. Ltd., ReWalk Robotics Ltd., Rex Bionics Ltd., Sarcos Technology and Robotics Corp., Wandercraft, and Wearable Robotics Srl.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

The medical exoskeleton market is witnessing significant advancements with vendors introducing lighter and more user-friendly devices. Notable launches include SUITX by Ottobock's IX BACK AIR exoskeleton in October 2023 and German Bionic's nursing and healthcare professional-focused exoskeleton in August 2023. These innovations aim to enhance adjustability, durability, and usability. Technologically advanced features, such as one-handed controls, are being incorporated to cater to diverse user needs. The continuous introduction of such advanced products will fuel the growth of the global medical exoskeleton market. 

Medical exoskeletons are gaining popularity in various industries due to their ability to enhance workplace safety for frontline workers. These devices, which resemble wearable robots, use actuation technologies like motor impairments and deep learning to assist users. They are not only beneficial for individuals with motor impairments such as stroke, spinal cord injuries, or cerebral palsy, but also for able-bodied users in physically demanding jobs. Cloud computing and artificial intelligence enable remote monitoring and analysis of user data, improving rehabilitation approaches. Smart sensors and advanced technologies from companies like Bionic Yantra, Fourier Intelligence, Gloreha, and Hexar Humancare, offer customized solutions for cardiovascular and metabolic disorders. FDA regulations and ISO standards ensure the quality and safety of medical exoskeletons. Self-assist exoskeletons from Ekso Bionics and ReWalk Robotics are transforming rehabilitation centers into more efficient and effective spaces. Companies like Milebot Robotics, Myomo, Neofect, NextStep Robotics, Rex Bionics, Roam Robotics, Trexo Robotics, Tyromotion, U&O Technologies, and others are innovating in this field, offering return on investment for both individuals and organizations. 

Read more from the original article on here at www.prnewswire.com.

Related Headlines : Medical Exoskeleton Market to grow by USD 2.87 billion from 2024-2028, driven by rising spinal cord injury cases, AI-powered report- Technavio (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.