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Medical Exoskeleton Market Size & Share - Industry Trend and Forecast 2018 - 2026
Posted: Jan 10, 2019
Global Medical Exoskeleton Market: Overview
Medical exoskeleton has come to occupy a distinct position in rehabilitation or augmentation medical device in patients with limb or mobility disorders. The medical aid has emerged as a useful piece of wearable robotics with wide applications in health technology. Its role as a mobility aid in improving the quality of the patient populations has been a compelling proposition reinforcing its demand in the healthcare sector. Medical exoskeletons are worn outside the body of individuals and usually consist of rigid parts or hardware such as sensor and actuator, and robotic software.
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Over the past few years, the variety of uses that wearable robotics can be put to as assistive mobility device has kept the medical exoskeleton increasingly thriving. In recent years, medical professionals have been constantly exploring the potential of medical skeleton as a rehabilitation device in various parts of the world. In recent years, there has been growing number of clearances for medical exoskeleton in lower limb disorders in developed regions, notably in the EU, Japan, and North America.
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The various assessment offered in the report pertains to analysing the growth dynamics of the global medical exoskeleton market and key investment pockets for stakeholders. The analyses help in identifying the segments that are likely to receive greater interest among policy makers and businesses.
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Global Medical Exoskeleton Market: Trends and Opportunities
Rising number of people across the world with lower limb disorders is bolstering the need or mobility aid and assistive medical devices. The growing morbidity and health burden of disorders such as cerebral embolisms and spinal cord injuries is a notable factor driving the demand for medical exoskeleton. The need is substantial among geriatrics in all major regions of the globe. The growing demand for innovative rehabilitation approaches has posited increasing focus of the medical community on medical exoskeleton, thus fueling the rapid expansion of the global market.
Rising insurance coverage for the assistive devices is increasingly benefitting the patient population, thereby catalyzing the growth of the global medical exoskeleton market. Several manufacturers and insurance providers are focused on expanding their reimbursement policies to favour the uptake of medical exoskeleton as assistive devices. Advances made in medical robotics over the past few years have made medical exoskeleton devices smarter, driving innovations in the market. The advent of modular medical exoskeleton and devices with intuitive interface is an important case in point.
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