Middle East & Africa Exoskeleton Market Size & Outlook
Middle East & Africa exoskeleton market, 2016-2030 (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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 2023. 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 2016 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.
Reasons to subscribe to Middle East & Africa exoskeleton market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa exoskeleton market databook
-
Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA exoskeleton market size, by country, 2016-2030 (US$M)
Middle East & Africa Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
