Sweden Exoskeleton Market Size & Outlook, 2023-2030
Sweden exoskeleton market, 2016-2030 (US$M)
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Sweden exoskeleton market highlights
- The Sweden exoskeleton market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 2.7 million by 2030.
- The Sweden market is expected to grow at a CAGR of 10.3% 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 1.4 million |
| Market revenue in 2030 | USD 2.7 million |
| Growth rate | 10.3% (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, Sweden accounted for 0.9% 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 |
|---|
Sweden 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 Sweden exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Rapid development of new products, presence of various exoskeleton companies, and increasing adoption of such technologies for medical & industrial uses are among factors expected to drive the market in the coming years.
Presence of market players in this country, which are mainly focusing on exoskeleton technology, is a key factor expected to contribute to the growth of exoskeleton market over the forecast period. Various R&D activities regarding the use of exoskeleton technology for assembly line jobs, construction, and others in this country are further anticipated to boost exoskeleton market in the coming years.
Moreover, rising geriatric population and growing prevalence of conditions, such as spinal cord injuries and stroke, are some of the factors boosting the adoption of exoskeletons in the country. For instance, as per data provided by World Bank, the population aged above 65 in Sweden was around 20% in 2021 as compared to 17.9% in 2015.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Sweden exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden exoskeleton market size, by extremities, 2016-2030 (US$M)
Sweden Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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