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The global soft robotics market attained a value of about USD 1051.1 million in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 34.9% to reach about USD 6334.1 million by 2026.
The soft robotics industry is being driven by the new possibilities offered by these robots against rigid robotic technology and the need to evolve human-friendly machinery. Soft robots are versatile in nature, in opposition to the traditional, metallic robots, which are rigid, thus, providing lucrative future growth prospects for the market. As soft robots are made from flexible and soft materials, including nanomaterials, they can perform biological functions as that of human muscles.
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This characteristic of soft robots is expected to pave their adoption in a variety of applications, including medical, industrial, and locomotive, thus, boosting the market growth. Developments in soft robotics technology are expected to introduce robots, which will be able to lift heavy products, will have to ability to heal themselves, and have the climb to significant heights. Such specifications, when integrated with human-like flexibility, is anticipated to provide further momentum to the market growth, especially due to their growing use in construction and related activities.
Soft robots derive their flexibility from squishy materials like polymers, gels, and fluids. These soft materials allow the robots to bend and turn with high curvatures, allowing them to navigate through closed spaces, making them helpful in disaster scenarios like earthquakes or fires, thereby driving the market growth of soft robotics by propelling their adoption during emergency situations. Since soft robots handle the environment with delicacy, their growing applicability in sensitive environmental locations like the coral reefs or in snow-covered land is expected to further invigorate the market growth of soft robotics.
Soft robotics are a sub-division of robotics, with soft robots being made from flexible materials like polymers, gels, and fluids. They have excellent flexibility, which allows them to adapt to their environment and change their shape, if needed. They are a form of biomimicry as soft robots are sophisticated models that imitate humans, animals, and plant lives, in addition to their mechanical functions.
On the basis of application, the market is segmented into:
The EMR report looks into the regional markets of soft robotics like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
The growing demand for soft robots in medical and surgical applications is expected to drive the market growth in the coming years. Amidst the COVID-19 pandemic, the requirement for devices that eliminate human involvement has been significantly rising, thus, it is further projected to catalyse the soft robotics industry growth. The rising demand for minimally invasive surgeries (MIS) is also anticipated to drive the market growth. Additionally, research projects in the healthcare sector may lead to new manufacturing techniques, which can develop disposable, patient-specific, low cost, and rapidly manufactured devices for MIS, providing lucrative growth prospects for the soft robotics industry. The ability of soft robots to interact with humans, building on their ability to deal with unstructured environments and compliance with human tissue, is expected to provide further impetus to the market growth. Technological growth has also made possible the increased use of magnetically navigable and vacuum-powered endoscopic single-site soft robots. This is expected to further invigorate the market growth in the coming years.
The easy availability of soft, compliant materials for soft robots that are economical and easy to handle are further expected to add to the market growth of soft robotics. The added advantage of being cost friendly as compared to traditional robots is also expected to propel their adoption, thus, aiding the market growth. Thus, soft robots are projected to be widely available in a multitude of medical services in coming years, as a result, driving the market growth. Advancements in biotechnology have introduced these robots in dental application as the conventional bulky machinery is being gradually replaced with soft bracing machines. The growing popularity of soft robots in dentistry is broadening due to their compact structure and cost-effectiveness, hence, providing further future growth prospects to the market.
The report presents a detailed analysis of the following key players in the global soft robotics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable Robots,|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Ekso Bionics Holdings Inc., ReWalk Robotics Ltd., Soft Robotics Inc., Righthand Robotics, Inc., BioServo Technologies AB, and Pneubotics Inc, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*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.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Soft Robotics Market Analysis
8.1 Key Industry Highlights
8.2 Global Soft Robotics Historical Market (2017-2021)
8.3 Global Soft Robotics Market Forecast (2022-2027)
8.4 Global Soft Robotics Market by Application
8.4.1 Human-Machine Interface and Interaction
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.2 Locomotion and Exploration
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.4 Medical and Surgical Applications
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.5 Rehabilitation and Wearable Robots
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global Soft Robotics Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Ekso Bionics Holdings Inc
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 ReWalk Robotics Ltd
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 Soft Robotics Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.4 RightHand Robotics, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.5 Bioservo Technologies AB
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.6 Pneubotics Inc
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13 Industry Events and Developments
List of Figures and Tables
1. Global Soft Robotics Market: Key Industry Highlights, 2016 and 2026
2. Global Soft Robotics Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Soft Robotics Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Soft Robotics Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Soft Robotics Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Soft Robotics Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Soft Robotics Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Soft Robotics Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Soft Robotics Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Soft Robotics Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Soft Robotics Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Soft Robotics Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Soft Robotics Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Soft Robotics Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Soft Robotics Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Global Soft Robotics Market Structure
The global soft robotics market attained a value of nearly USD 1051.1 million in 2020.
The market is projected to grow at a CAGR of 34.9% in the forecast period of 2022-2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 6334.1 million by 2026.
The market is being driven by the flexible and versatile applications of soft robots in the manufacturing, construction, medical, and other sectors.
The growing adoption of soft robotic technology in medical and surgical use, owing to the robots’ compact design and cost-effectiveness, is augmenting the market growth.
The major regional markets for soft robotics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant application segments of soft robotics in the market are human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, and rehabilitation and wearable robots.
The major players in the industry are Ekso Bionics Holdings Inc., ReWalk Robotics Ltd., Soft Robotics Inc., Righthand Robotics, Inc., BioServo Technologies AB, and Pneubotics Inc, among others.
The global soft robotics market attained a value of about USD 1051.1 million, driven by the easy availability of flexible, cost-effective raw materials. Aided by their rising use in minimal invasive surgery (MIS) in the health sector, the market is expected to grow at a CAGR of 34.9% in the forecast period of 2022-2027 to reach USD 6334.1 million by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. Based on application, the market is categorised into human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, and rehabilitation and wearable robots. The major regional markets for soft robotics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Ekso Bionics Holdings Inc., ReWalk Robotics Ltd., Soft Robotics Inc., Righthand Robotics, Inc., BioServo Technologies AB, and Pneubotics Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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