UK Exoskeleton Market Size & Outlook, 2023-2030
UK exoskeleton market, 2016-2030 (US$M)
Related Markets
UK exoskeleton market highlights
- The UK exoskeleton market generated a revenue of USD 3.3 million in 2023 and is expected to reach USD 6.7 million by 2030.
- The UK market is expected to grow at a CAGR of 10.7% 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 3.3 million |
| Market revenue in 2030 | USD 6.7 million |
| Growth rate | 10.7% (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, UK accounted for 2.2% 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 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 |
|---|
UK 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 42.42% in 2023. Horizon Databook has segmented the UK exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
According to the latest data published by Stroke Association, around 100,000 people suffer a stroke each year, with approximately 1.3 million stroke survivors in the UK. This accounts for one case every 5 minutes. With more than 1 million stroke survivors in the UK, it is identified as one of the leading causes of disabilities and death in the country.
In addition, rising prevalence of spinal cord injuries in the UK signifies opportunity for market growth. For instance, as per the latest statistics provided by Back-Up Trust, around 2,500 new cases of spinal cord injury are recorded every year in the UK.
The growing incidence of paralysis, spinal cord injury, and stroke is a key factor driving the growth of exoskeleton market in healthcare. Increasing awareness and growing adoption of these exoskeletons in medical care are among key factors boosting the 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 UK exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into UK exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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UK exoskeleton market size, by extremities, 2016-2030 (US$M)
UK Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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