Brazil Exoskeleton Market Size & Outlook, 2023-2030
Brazil exoskeleton market, 2016-2030 (US$M)
Related Markets
Brazil exoskeleton market highlights
- The Brazil exoskeleton market generated a revenue of USD 1.9 million in 2023 and is expected to reach USD 5.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 15% 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 1.9 million |
| Market revenue in 2030 | USD 5.0 million |
| Growth rate | 15% (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, Brazil accounted for 1.2% 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 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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Brazil 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 42.11% in 2023. Horizon Databook has segmented the Brazil exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
According to World Bank, the population in Brazil aged over 65 increased from 18.7 million in 2018 to 21.3 million in 2021. Growing home care services owing to macroeconomic environment in Brazil, shortage of nursing staff, and increasing prevalence of stroke & spinal cord injuries are among factors expected to boost usage of exoskeleton technology in the coming years.
In addition, presence of scientific partnerships between Brazil and Switzerland for development of paraplegic robotic exoskeletons and growing R&D activities in exoskeleton technology space in research institutes, such as École polytechnique fédérale de Lausanne, are some of the crucial factors anticipated to fuel growth of exoskeleton market in this region.
Growing funding opportunities in this region for bilateral research projects, including seed money grants and SNSF’s joint research project, are also expected to drive the market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Brazil exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil exoskeleton market size, by extremities, 2016-2030 (US$M)
Brazil Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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