Rising Incidence of Stroke and Musculoskeletal Disorders Bolsters Middle East & Africa Exoskeleton Robotic System Market
Stroke continues to be a disease of major concern for public health, despite advancements in the medical industry. Even though the growing incidence of this noncommunicable disease threatens the larger population, stroke treatment and rehabilitation remain underdeveloped in the country. Therefore, the rising incidences of stroke has increased the demand for exoskeleton robotic system for rehabilitation of stroke patients which helps in improving the quality of life.
Furthermore, musculoskeletal disorders affect the mobility of an individual. The rising prevalence of musculoskeletal disorders, such as tendinitis, sarcopenia, osteopenia, and low back injuries, is expected to fuel the need for exoskeletal robotic systems. These exoskeletons robotic system assists the patients in managing their condition and regaining their mobility, thereby improving their overall quality of life. Thus, the rising prevalence of stroke and musculoskeletal disorders has fueled the use of exoskeletal robotic systems for rehabilitation.
Middle East & Africa Exoskeleton Robotic System Market Overview
The Middle East & Africa exoskeleton robotic system market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Saudi Arabia is expected to account for the largest market share and develop moderately in the region. The market growth is attributed to various factors such as significant development in healthcare facilities, the high adoption rate of robotic therapies, and the geographic expansion of market players. Moreover, the rising incidence of stroke, musculoskeletal disorders, and other neurodegenerative disorders; growing investments in the healthcare sector from several private and government institutions; and increasing collaboration of hospitals with developed regions and government collaborations with market players are expected to boost the exoskeleton robotic system market growth during the forecast period.
Middle East & Africa Exoskeleton Robotic System Market Segmentation
The Middle East & Africa exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the Middle East & Africa exoskeleton robotic system market is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share in 2022.
Based on application, the Middle East & Africa exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment held the largest market share in 2022.
Based on country, the Middle East & Africa exoskeleton robotic system market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022.
Lockheed Martin Corp; Cyberdyne Inc.; Panasonic Holdings Corp; Hocoma AG; ReWalk Robotics Inc.; Ekso Bionics Holdings Inc.; Parker Hannifin Corp.; B-Temia Inc.; and AlterG Inc. are the leading companies operating in the Middle East & Africa exoskeleton robotic system market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 35.70 Million |
| Market Size by 2028 | US$ 116.18 Million |
| CAGR (2022 - 2028) | 21.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Exoskeleton Robotic System Market is valued at US$ 35.70 Million in 2022, it is projected to reach US$ 116.18 Million by 2028.
As per our report Middle East & Africa Exoskeleton Robotic System Market, the market size is valued at US$ 35.70 Million in 2022, projecting it to reach US$ 116.18 Million by 2028. This translates to a CAGR of approximately 21.7% during the forecast period.
The Middle East & Africa Exoskeleton Robotic System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Exoskeleton Robotic System Market report:
The Middle East & Africa Exoskeleton Robotic System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Exoskeleton Robotic System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Exoskeleton Robotic System Market value chain can benefit from the information contained in a comprehensive market report.
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