Argentina Exoskeleton Market Size & Outlook, 2023-2030
Argentina exoskeleton market, 2016-2030 (US$M)
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Argentina exoskeleton market highlights
- The Argentina exoskeleton market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 1.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 17.4% from 2024 to 2030.
- In terms of segment, lower body was the largest revenue generating extremities in 2023.
- Upper Body is the most lucrative extremities segment registering the fastest growth during the forecast period.
Exoskeleton market data book summary
| Market revenue in 2023 | USD 0.6 million |
| Market revenue in 2030 | USD 1.8 million |
| Growth rate | 17.4% (CAGR from 2023 to 2030) |
| Largest segment | Lower body |
| Fastest growing segment | Upper Body |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upper Body, Lower Body, Full Body |
| Key market players worldwide | Ekso Bionics Holdings Inc, Lockheed Martin Corp, Ottobock, Rex Bionics, Rewalk Robotics Ltd, Cyberdyne Inc, Panasonic Holdings Corp, Hocoma, RB3D |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global exoskeleton market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.8 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina exoskeleton market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to exoskeleton market will help companies and investors design strategic landscapes.
Lower body was the largest segment with a revenue share of 33.33% in 2023. Horizon Databook has segmented the Argentina exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Increasing prevalence of various conditions such as spinal cord injury, stroke, and paralysis in the country is one of the key factors fueling market growth in Argentina. In addition, rising geriatric population suffering from conditions that require assistance through devices such as exoskeleton is a key factor fueling the market growth.
For instance, according to statistics provided by World Bank, the population in Argentina above 65 years of age, increased from 4.9 million in 2018 to 5.3 million in 2021. Increase in the geriatric population in the country is creating growth opportunities for adoption of exoskeleton technologies in Argentina.
Moreover, expanding applications of exoskeleton technology in various areas, such as healthcare, construction, military, and production, and rising number of players entering the market in Argentina to expand their geographic presence are some of the other factors anticipated to fuel market growth during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Argentina exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina exoskeleton market size, by extremities, 2016-2030 (US$M)
Argentina Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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