Europe Exoskeleton Market Size & Outlook, 2023-2030
Europe exoskeleton market, 2016-2030 (US$M)
Related Markets
Europe exoskeleton market highlights
- The Europe exoskeleton market generated a revenue of USD 36.0 million in 2023.
- The market is expected to grow at a CAGR of 11.7% 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.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 36.0 million |
| Market revenue in 2030 | USD 78.3 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Lower body |
| Fastest growing segment | Upper Body |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 23.7% of the global exoskeleton market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 102.7 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 41.94% in 2023. Horizon Databook has segmented the Europe exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
High prevalence of stroke in Europe has been a major public health issue, leading to mobility impairment and long-term disability. As per the data published in 2020 in Journal of the American Heart Association, the number of people living with stroke is projected to increase by around 27% from a period of 2017 to 2047.
The incidence of stroke is expected to increase owing to rapidly aging population. In addition, according to NISCI-2020, the incidence of spinal cord injury in the European region is around 10,000 cases every year. Moreover, approximately 200,000 people are living with spinal cord injuries in the region. Thus, rising prevalence of stroke, spinal cord injuries, and other heart diseases, leading to disabilities in patients, is expected to increase the adoption of exoskeletons in Europe.
Furthermore, growing elderly population is expected to contribute to an increase in the usage of exoskeletons. For instance, according to data published by European Commission in 2021, around 20.8% of the population in Europe was aged over 65.
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe exoskeleton market , including forecasts for subscribers. This continent databook contains high-level insights into Europe exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Europe exoskeleton market size, by country, 2016-2030 (US$M)
Europe Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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