Denmark Exoskeleton Market Size & Outlook, 2023-2030
Denmark exoskeleton market, 2016-2030 (US$M)
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Denmark exoskeleton market highlights
- The Denmark exoskeleton market generated a revenue of USD 1.6 million in 2023 and is expected to reach USD 3.6 million by 2030.
- The Denmark market is expected to grow at a CAGR of 12.7% 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 1.6 million |
| Market revenue in 2030 | USD 3.6 million |
| Growth rate | 12.7% (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, Denmark accounted for 1.0% 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 Europe, Germany exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 3.6 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark 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 43.75% in 2023. Horizon Databook has segmented the Denmark exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Advancing healthcare system and growing adoption of technologically advanced solutions are expected to drive the market in Denmark. The increasing prevalence of musculoskeletal disorders and spinal cord injuries is boosting the demand for rehabilitative services & care.
According to IHME Global Burden of Diseases estimates, in 2019, the prevalence of musculoskeletal disorders in Denmark was 1.9 million. The growing geriatric population susceptible to mobility impairment and disabilities is propelling the demand for exoskeletons.
According to data published by World Bank, the population aged above 65 years in the country increased from 1.14 million in 2018 to 1.19 million in 2021. Furthermore, various initiatives are being undertaken to drive adoption of exoskeletons. For example, CITA, a part of EXSKALLERATE, focuses on accelerating the adoption of exoskeletons in industrial manufacturing and construction.
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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 Denmark exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Denmark exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark exoskeleton market size, by extremities, 2016-2030 (US$M)
Denmark Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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