North America Exoskeleton Market Size & Outlook, 2023-2030
North America exoskeleton market, 2016-2030 (US$M)
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North America exoskeleton market highlights
- The North America exoskeleton market generated a revenue of USD 75.2 million in 2023.
- The market is expected to grow at a CAGR of 13.2% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 75.2 million |
| Market revenue in 2030 | USD 179.0 million |
| Growth rate | 13.2% (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, North America region accounted for 49.6% 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 |
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North America 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 42.42% in 2023. Horizon Databook has segmented the North America exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Increasing adoption of exoskeletons in military, healthcare, medical, industrial, and consumer markets is driving the growth of exoskeleton market in North America. In addition, the prevalence of spinal cord injury is increasing in the region, thereby fueling the market growth.
Rising geriatric population and growing disabled population are among factors boosting the adoption of exoskeletons. According to 2022 datasheet published by CDC, around one in four persons (61 million adults in the U.S.) in the country has some or the other form of disability and 13.7% of this population group is diagnosed mobility disabilities.
Such statistics indicate presence of a larger population that would benefit from the adoption of exoskeletons, thereby propelling the market growth in the region. Furthermore, continuous development in technology and high research expenditure in healthcare sector by government agencies are boosting the market growth in North America.
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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 North America exoskeleton market , including forecasts for subscribers. This continent databook contains high-level insights into North America exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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North America exoskeleton market size, by country, 2016-2030 (US$M)
North America Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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