Market revenue in 2023 | USD 3.1 million |
Market revenue in 2030 | USD 6.6 million |
Growth rate | 11.3% (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 |
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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 Italy exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Spinal cord injuries are among the major causes of impairments and disabilities in patients. Exoskeletons play a vital role in facilitating rehabilitation efforts in patients with spinal trauma. Increasing prevalence of stroke is also an important driver for growth of exoskeleton market, as these robotic devices aid in handling patients with post-stroke disabilities.
Growing geriatric population is one of the factors leading to increase in the incidence of stroke. For instance, according to 2021 statistics of World Bank, around 24% of the population in Italy was aged over 65. This percentage was around 21.9% in 2015.
Growing geriatric population signifies growth opportunities for adoption of exoskeleton technologies in the country, owing to benefits provided by exoskeletons in easing daily activities and rehabilitation of patients suffering from stroke, spinal cord injury, etc.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Italy exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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