As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The soft robotics industry is being driven by the multiple applications of soft robots in medical and surgical uses. The rising adoption of medical robots using soft or flexible actuators conforming to human needs is bolstering the soft robotics industry. The rising demand for soft robots in minimally invasive surgeries (MIS) is expected to further accelerate the market in the coming years owing to the product’s adaptive nature to the external environment and its ability to eliminate patient trauma and pain.
Soft robots are made from flexible materials that are cost-effective, readily available, and are easy to handle, thus, augmenting the market growth. The rising use of soft robots in prosthetics is also anticipated to boost the market growth of soft robotics. The growing adoption of soft robotics to enable elderly or rehabilitating patients with movement disorders that occur due to Parkinson’s disease or accidents is driving the market growth of soft robotics. The rising development of soft robotic prosthetics that can grip, pinch, and function similar to a human hand is providing future growth prospects for the soft robotics industry.
ReWalk Robotics Ltd. and Soft Robotics Inc. are some of the major players in the industry. In April 2021, Soft Robotics Inc. announced the expansion of its mGrip Modular Gripping System and IP69K to enable safe food handling of proteins and dairy products. The improved specifications in mGrip Modular Gripping System are projected to increase the use of soft robots in the food industry, hence, positively impacting the industry growth of soft robots. The new compact finger modules enable tighter grip spacing to aid in picking up small objects. The small and lighter finger modules result in improved productivity, faster performance, and reduced system wear over time, offering further growth opportunities to the soft robotics industry. The fingers are designed to pick up flat surfaces like poultry and meat patties without causing surface damage, providing further impetus to the market growth. The adoption of soft robotics in the food industry is continuing to gain momentum due to hygiene requirements and their ability to perform in extreme environments. The mGrip technology by Soft Robotics Inc. is a breakthrough in the food sector to provide clean, no-contact consumables, especially amidst the COVID-19 pandemic. With the introduction of such technology, the soft robotics industry is projected to accelerate in the coming years.
Market Analysis by Application and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global soft robotics market are Ekso Bionics Holdings Inc., ReWalk Robotics Ltd., Soft Robotics Inc., Righthand Robotics, Inc., BioServo Technologies AB, and Pneubotics Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansion of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.