Ekso Bionics Addressable Market to Grow on CMS Update
Ekso Bionics (NASDAQ: EKSO) has reached a significant milestone in terms of transforming mobility solutions, particularly for individuals with spinal cord injuries. The company recently secured initial reimbursement from the Centers for Medicare & Medicaid Services for its Ekso Indego Personal exoskeleton.
This achievement is poised to expand Ekso Bionics’ foothold in the growing exoskeleton technology market, which is gaining traction in both medical and industrial sectors.
Strategic Implications
The CMS reimbursement marks a pivotal moment for Ekso Bionics, as it opens up substantial opportunities in a market where cost has often been a barrier to access. With tens of thousands of Medicare beneficiaries living with SCI covered by Medicare, the reimbursement approval validates the efficacy and value of the Ekso Indego Personal. It will also significantly increase the addressable market for the device, which Ekso will be working to access in late 2024 and beyond.
This is expected to drive demand, thereby solidifying Ekso Bionics’ position in the competitive landscape of medical exoskeletons.
Strategic Path Forward
Ekso Bionics is strategically positioned to leverage this reimbursement milestone to …
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