UAE Exoskeleton Market Size & Outlook, 2023-2030
UAE exoskeleton market, 2016-2030 (US$M)
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UAE exoskeleton market highlights
- The UAE exoskeleton market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 1.9 million by 2030.
- The UAE market is expected to grow at a CAGR of 17% 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 0.6 million |
| Market revenue in 2030 | USD 1.9 million |
| Growth rate | 17% (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, UAE accounted for 0.4% 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 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 |
|---|
UAE 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 UAE exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Rising prevalence of conditions requiring assistance in the form of exoskeleton & other related technologies and increasing geriatric population in the country are among major factors fueling market growth in the UAE.
For instance, according to World Bank, the population aged above 65 in the country increased from 0.9% in 2015 to 1.5% in 2021. Furthermore, rising prevalence of stroke, spinal cord injury, and other conditions in the country enhance penetration and adoption of exoskeletons in the UAE.
Moreover, presence of key players such as Ekso Bionics and SuitX is propelling the market growth. For instance, Ekso Bionics provides its exoskeleton in the UAE through its distributor Modern Pharmaceutical Company LLC. In addition, SuitX provides its exoskeleton in the UAE market through its distributor.
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into UAE exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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UAE exoskeleton market size, by extremities, 2016-2030 (US$M)
UAE Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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