Spain Exoskeleton Market Size & Outlook, 2023-2030
Spain exoskeleton market, 2016-2030 (US$M)
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Spain exoskeleton market highlights
- The Spain exoskeleton market generated a revenue of USD 2.7 million in 2023 and is expected to reach USD 5.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 11.1% 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 2.7 million |
| Market revenue in 2030 | USD 5.6 million |
| Growth rate | 11.1% (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, Spain accounted for 1.8% 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 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 |
|---|
Spain 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 40.74% in 2023. Horizon Databook has segmented the Spain exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
As per the data of Spanish National Statistics Office, it is projected that about 30% of Spain’s population will be aged 65 and above by 2050. This is expected to create opportunities for the market. Increasing market penetration of exoskeletons is also expected to empower the disabled population, thus increasing the potential workforce in this country.
In addition, Technaid S.L., a Spanish company, entered the rehabilitation robotic exoskeletons market in recent years. In addition, Marsi Bionics and Gogoa are some of the other ventures in Spain that are providing innovative exoskeleton solutions in the country.
The dynamic nature of start-up ecosystem is anticipated to propel market growth in the near future. In addition, growing R&D in exoskeleton is expected to be one of the key factors fueling the market growth over the forecast period.
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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 Spain exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Spain exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Spain exoskeleton market size, by extremities, 2016-2030 (US$M)
Spain Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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