Kuwait Exoskeleton Market Size & Outlook, 2023-2030
Kuwait exoskeleton market, 2016-2030 (US$M)
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Kuwait exoskeleton market highlights
- The Kuwait exoskeleton market generated a revenue of USD 0.4 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 17.5% 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 0.4 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 17.5% (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, Kuwait accounted for 0.3% 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 Middle East & Africa, Saudi Arabia exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa 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 |
|---|
Kuwait 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 50% in 2023. Horizon Databook has segmented the Kuwait exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Growing geriatric population and increasing prevalence of conditions, such as spinal cord injury, stroke, & paralysis, are some of the factors boosting market growth in Kuwait. For instance, according to World Bank, the population of Kuwait aged 65 years and above increased from 105,521 in 2018 to 146,151 in 2021.
This rapidly aging society signifies growth opportunities for adoption of exoskeleton technologies. Exoskeletons are beneficial for supporting the body in maintaining posture, reducing stress, and providing assistance to geriatric patients.
These benefits are anticipated to increase the penetration of exoskeletons in the country. Moreover, expanding applications of exoskeleton technology in various areas, such as healthcare, construction, military, and production, are some of the other factors anticipated to fuel market growth during the forecast period.
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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 country-level data and insights on the Kuwait exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait exoskeleton market size, by extremities, 2016-2030 (US$M)
Kuwait Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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