Germany Exoskeleton Market Size & Outlook, 2024-2030
Germany exoskeleton market, 2018-2030 (US$M)
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Germany exoskeleton market highlights
- The Germany exoskeleton market generated a revenue of USD 10.5 million in 2023 and is expected to reach USD 23.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.9% 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 10.5 million |
| Market revenue in 2030 | USD 23.0 million |
| Growth rate | 11.9% (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, Germany accounted for 6.9% 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 |
|---|
Germany 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 41.9% in 2024. Horizon Databook has segmented the Germany exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2018 to 2030.
Growing elderly population is resulting in decreased productivity of the workforce and resultant increased spending in healthcare facilities. Rapidly aging population is leading to high incidence of heart diseases, stroke, paralysis, spinal cord disabilities, and paraplegia.
In addition, according to World Data Atlas, as of 2020, around 21.7% of the population is aged above 65 in the country. In addition, increasing prevalence of such diseases and disabilities is expected to fuel market growth in Germany.
As a result of lucrative opportunities present in this region, there are large industry players operating in the country as well as high investments by established players. For instance, rising adoption of robotic exoskeletons for medical, military, and industrial uses is expected to drive market growth in Germany.
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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 Germany exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Germany exoskeleton market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany exoskeleton market size, by extremities, 2016-2030 (US$M)
Germany Exoskeleton Market Outlook Share, 2024 & 2030 (US$M)
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