Mexico Exoskeleton Market Size & Outlook, 2023-2030
Mexico exoskeleton market, 2016-2030 (US$M)
Related Markets
Mexico exoskeleton market highlights
- The Mexico exoskeleton market generated a revenue of USD 1.6 million in 2023 and is expected to reach USD 4.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 16.7% 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 1.6 million |
| Market revenue in 2030 | USD 4.7 million |
| Growth rate | 16.7% (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, Mexico accounted for 1.0% 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 Latin America, Brazil exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.8 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 43.75% in 2023. Horizon Databook has segmented the Mexico 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, in the country are some of the factors boosting market growth in Mexico. For instance, according to World Bank, the population of Mexico above 65 years of age increased from 9.1 million in 2018 to 10.2 million in 2021.
This substantial increase in geriatric population signifies growth opportunities for adoption of exoskeleton technologies in the country. Exoskeletons are beneficial in supporting the body for maintaining posture, reducing stress, and providing assistance to geriatric population.
These benefits are anticipated to increase the penetration of exoskeletons in the country. Moreover, presence of key players, such as Ekso Bionics, in the country is expected to propel growth and awareness regarding utilization of exoskeletons in various industries, including medical, aeronautical, and construction.
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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 Mexico exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Mexico exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico exoskeleton market size, by extremities, 2016-2030 (US$M)
Mexico Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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