Saudi Arabia Exoskeleton Market Size & Outlook, 2023-2030
Saudi Arabia exoskeleton market, 2016-2030 (US$M)
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Saudi Arabia exoskeleton market highlights
- The Saudi Arabia exoskeleton market generated a revenue of USD 1.3 million in 2023 and is expected to reach USD 3.7 million by 2030.
- The Saudi Arabia 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 1.3 million |
| Market revenue in 2030 | USD 3.7 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, Saudi Arabia accounted for 0.8% 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 Middle East & Africa, Saudi Arabia exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.3 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 38.46% in 2023. Horizon Databook has segmented the Saudi Arabia exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Increasing number of key players entering into Saudi Arabia exoskeleton market is one of the key factors signifying growing demand and awareness for exoskeleton technologies in the country. For instance, Ekso Bionics provides its exoskeleton through its distributor, Care Techniques Est, located in Saudi Arabia.
In addition, Cyberdyne, Inc. has expanded into Saudi Arabia market through partnerships and collaborations. In 2019, Cyberdyne entered into a partnership with Abdul Latif Jameel Enterprises, along with the support of Ministry of Health. Under this partnership, Cyberdyne would provide its exoskeleton products (HAL robots) to rehabilitation centers in the country.
Such initiatives are anticipated to boost the market growth in the coming years. In addition, increasing prevalence of spinal cord injuries & stroke and rising geriatric population are some of the other factors propelling market growth.
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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 Saudi Arabia exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia exoskeleton market size, by extremities, 2016-2030 (US$M)
Saudi Arabia Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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