Thailand Exoskeleton Market Size & Outlook, 2023-2030
Thailand exoskeleton market, 2016-2030 (US$M)
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Thailand exoskeleton market highlights
- The Thailand exoskeleton market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 1.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 25.7% 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 0.2 million |
| Market revenue in 2030 | USD 1.2 million |
| Growth rate | 25.7% (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, Thailand accounted for 0.2% 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 Asia Pacific, Japan exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific 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 |
|---|
Thailand 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 50% in 2023. Horizon Databook has segmented the Thailand exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Exoskeletons are being widely used across healthcare and rehabilitation centers. The growing demand for exoskeletons in industrial applications is expected to drive the market over the coming years. Exoskeleton devices can support patients with mobility disorders after suffering from stroke, spinal cord injuries, musculoskeletal disorders, and traumatic injuries.
According to OAMJMS estimates published in 2021, the stroke prevalence in Thailand in 2021 was 172.3 to 328.0 per 100,000 individuals aged 15 years and above. Stroke is one of the leading causes of disability. Increasing incidence of heart disease & stroke, accidents, paralysis, and spinal cord injuries is driving the exoskeleton market.
According to Ageing Asia estimates, the geriatric population in Thailand in 2019 was 13.4 million, accounting for 19.2% of the total population, which is expected to reach 35.8% by 2050. Increasing life expectancy and growing awareness about rehabilitative services are expected to further drive the market.
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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 Thailand exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Thailand exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand exoskeleton market size, by extremities, 2016-2030 (US$M)
Thailand Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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