Define $\Sigma X$ to be the quotient space of $[-1,1]\times X$ obtained by identifying $\{-1\}\times X$ and $\{1\}\times X$ to two points respectively. For any homology theory (satisfying Eilenberg-Steenrod axioms), I am able to find an isomorphism $\tilde H_i(X) \rightarrow \tilde H_{i+1}(\Sigma X)$ as follows:
Denote $C_+ X=[0,1]\times X /\tilde{}$ and $C_- X=[-1,0]\times X /\tilde{}$, then we know both of them are contractible and $\Sigma X = C_+X \cup C_- X$. First we consider the reduced homology sequence for the pair $(\Sigma X, C_+ X)$: $$ 0=\tilde H_i(C_+ X) \to \tilde H_i(\Sigma X) \to H_i(\Sigma X,C_+ X) \to \tilde H_{i-1}(C_+ X)=0 $$ Hence we know $$\tilde H_i(\Sigma X) \to^{\cong} H_i(\Sigma X,C_+ X)$$ is an isomorphism. Second, by considering the reduced homology sequence for the pair $(C_- X, X)$(where X is identified with the quotient image of $\{0\}\times X$), we can similarly get $$ H_i(C_-X,X)\to^{\cong} \tilde H_{i-1}(X) $$ Finally, using excision axiom and homotopy axiom we can show that $$ H_i(C_-X,X) \cong H_i(\Sigma X,C_+ X) $$
Nevertheless, I have no idea how to show this isomorphism is also "natural". Here "natural" means that, if we denote this isomorphism by $\Phi: \tilde H_i(X) \to \tilde H_{i+1}(\Sigma X)$, then, for any map $f:X\to Y$ and its suspension $\Sigma f: \Sigma X \to \Sigma Y$, $\Phi f_* = (\Sigma f)_* \Phi$.