Middle East & Africa Exoskeleton Market Size & Outlook
Middle East & Africa exoskeleton market, 2018-2030 (US$M)
Related Markets
MEA exoskeleton market highlights
- The MEA exoskeleton market generated a revenue of USD 8.0 million in 2023.
- The market is expected to grow at a CAGR of 15.9% 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.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8.0 million |
| Market revenue in 2030 | USD 22.5 million |
| Growth rate | 15.9% (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, MEA region accounted for 5.3% 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 |
|---|
Middle East & Africa 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 42.5% in 2024. Horizon Databook has segmented the Middle East & Africa exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA exoskeleton market is in the nascent stage of growth owing to low level of technology penetration, low purchasing power, and lesser number of players in this region as compared to the U.S. and European markets.
Ekso Bionics is focusing on increasing productivity, lowering the cost of units and decreasing wage rates in the Middle East to increase its penetration in the market, thereby creating a foothold as well as awareness with respect to benefits provided by exoskeletons in various industries.
The company is mainly concentrating on expanding its capacities in the following areas: industrial production, logistics, and construction. Furthermore, increasing development of new products in exoskeleton market, growing number of product approvals by FDA, and rising partnerships among international players for product refinements are some of the factors expected to boost the market over 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa exoskeleton market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa exoskeleton market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA exoskeleton market size, by country, 2016-2030 (US$M)
Middle East & Africa Exoskeleton Market Outlook Share, 2024 & 2030 (US$M)
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