Australia Exoskeleton Market Size & Outlook, 2023-2030
Australia exoskeleton market, 2016-2030 (US$M)
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Australia exoskeleton market highlights
- The Australia exoskeleton market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 25.7% 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 0.3 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 25.7% (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, Australia accounted for 0.2% 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 Asia Pacific, Japan exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1.3 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 Australia exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
R&D activities in Australia to fulfill the demand for technologically advanced exoskeletons and growing elderly population in the country are among factors expected to increase utilization & adoption of exoskeleton technology in various applications, such as in the military, eldercare assisted living services, & for industrial use.
For instance, according to World Bank, population aged above 65 in Australia increased from 14.8% of the total population in 2015 to 17% in 2021. In addition, presence of various key companies specializing in exoskeleton technology, such as Cyberdyne, Inc. and ReWalk Robotics Ltd., in this country is driving the market growth.
Key companies are constantly undertaking strategic initiatives such as investments, product launches, and expansions for strengthening their foothold in the growing Australian market. For instance, in 2020, Cyberdyne, Inc. announced the medical approval of its exoskeleton, HAL for Medical Use Lower Limb Type, in the Australian market.
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Australia exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Australia exoskeleton market size, by extremities, 2016-2030 (US$M)
Australia Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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