Canada Exoskeleton Market Size & Outlook, 2024-2030
Canada exoskeleton market, 2018-2030 (US$M)
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Canada exoskeleton market highlights
- The Canada exoskeleton market generated a revenue of USD 3.5 million in 2023 and is expected to reach USD 10.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 16.8% 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 3.5 million |
| Market revenue in 2030 | USD 10.4 million |
| Growth rate | 16.8% (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, Canada accounted for 2.3% 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 North America, U.S. exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10.4 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 42.86% in 2024. Horizon Databook has segmented the Canada exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2018 to 2030.
According to recent data published by Heart and Stroke Foundation of Canada, every year, more than 89,000 cases of stroke occur in the country. Stroke is considered one of the leading causes of disability. Increasing incidence of heart diseases & stroke, accidents, paralysis, and spinal cord injuries is driving the growth of exoskeleton market.
For instance, ReWalk exoskeleton is one such product approved by Health Canada for home use. This exoskeleton has been designed for providing assistance to people suffering from paraplegia in walking. Growing elderly population reduces workforce productivity and increases healthcare expenditure. Rapidly aging population is further driving the growth of exoskeleton market.
According to Statistics Canada, geriatric population accounted for 19% of the total population in the country in 2022. Rapid increase in applications of exoskeleton technology in medical, home healthcare, military, and industrial sectors is driving market growth in Canada.
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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 Canada exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Canada exoskeleton market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada exoskeleton market size, by extremities, 2016-2030 (US$M)
Canada Exoskeleton Market Outlook Share, 2024 & 2030 (US$M)
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