Norway Exoskeleton Market Size & Outlook, 2023-2030
Norway exoskeleton market, 2016-2030 (US$M)
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Norway exoskeleton market highlights
- The Norway exoskeleton market generated a revenue of USD 2.1 million in 2023 and is expected to reach USD 3.8 million by 2030.
- The Norway market is expected to grow at a CAGR of 8.9% 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.
Exoskeleton market data book summary
| Market revenue in 2023 | USD 2.1 million |
| Market revenue in 2030 | USD 3.8 million |
| Growth rate | 8.9% (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, Norway accounted for 1.4% 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 Europe, Germany exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 3.6 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway 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 42.86% in 2023. Horizon Databook has segmented the Norway exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Rising geriatric population in Norway is a key factor creating growth opportunities for adoption of exoskeletons. According to World Bank, population aged above 65 years in the country increased from 905,640 in 2018 to 962,101 in 2021. Thus, growing geriatric population is a key factor boosting the adoption of exoskeletons in the country.
In addition, rising geriatric population, which is susceptible to conditions such as stroke and other heart conditions that would require external assistance through devices such as exoskeletons, is another factor boosting the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Norway exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Norway exoskeleton market size, by extremities, 2016-2030 (US$M)
Norway Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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