China Exoskeleton Market Size & Outlook, 2023-2030
China exoskeleton market, 2016-2030 (US$M)
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China exoskeleton market highlights
- The China exoskeleton market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 4.0 million by 2030.
- The China market is expected to grow at a CAGR of 23.5% 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 0.9 million |
| Market revenue in 2030 | USD 4.0 million |
| Growth rate | 23.5% (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, China accounted for 0.6% 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 |
|---|
China 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 44.44% in 2023. Horizon Databook has segmented the China exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
China’s rapidly growing elderly population is a result of implementation of the one-child policy and low mortality rate, which is increasing the burden on healthcare system. The geriatric population in China and a few European countries is expected to further grow.
Lack of skilled nursing staff, growing geriatric population, and increasing demand for technologically advanced healthcare services are among factors boosting the usage of exoskeleton technology in various healthcare areas, such as nursing, elderly care, and assisted living services.
For instance, according to data published by World Bank, the population aged above 65 in the country increased from 153.2 million in 2018 to 175.3 million in 2021. In addition, increasing number of companies filing for initial public offerings in Shenzhen and Shanghai Stock Exchange is resulting in subsequent increase in the number of investors in robotics sector, which is expected to boost market growth.
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Target buyers of China exoskeleton market databook
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into China exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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China exoskeleton market size, by extremities, 2016-2030 (US$M)
China Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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