Asia Pacific Exoskeleton Market Size & Outlook, 2023-2030
Asia Pacific exoskeleton market, 2016-2030 (US$M)
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Asia Pacific exoskeleton market highlights
- The Asia Pacific exoskeleton market generated a revenue of USD 25.2 million in 2023.
- The market is expected to grow at a CAGR of 22.3% 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.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 25.2 million |
| Market revenue in 2030 | USD 102.7 million |
| Growth rate | 22.3% (CAGR from 2023 to 2030) |
| Largest segment | Lower body |
| Fastest growing segment | Upper Body |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 16.6% of the global exoskeleton market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 102.7 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 42.06% in 2023. Horizon Databook has segmented the Asia Pacific exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Growing elderly population in Asia Pacific region is leading to a smaller workforce and significant rise in public expenditure on long-term care, healthcare, and pension, among others. According to a report by World Bank, geriatric population is expected to reach approximately 1.3 billion by the end of 2050.
In Japan, the Ministry of Economy, Trade, and Industry nominated 24 companies to develop nursing care robot equipment. The Japanese government provided these companies with subsidies covering 50% to 75% of the total development cost. Some of these companies are Toyota Motor Corporation and ORIX Living Corporation.
Growing government incentives in the form of subsidies are anticipated to aid in development of exoskeleton market over the forecast period. In addition, increasing number of automotive vendors in exoskeleton market is expected to boost the market growth in the coming years.
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific exoskeleton market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific exoskeleton market size, by country, 2016-2030 (US$M)
Asia Pacific Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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