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Global Soft Robotics Market: By Application: Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable Robots; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Soft Robotics Market Outlook

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.

 

Versatility and Flexibility of Soft Robots to Augment the Market Growth

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.

 

Global Soft Robotics Market

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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: Industry Definition and Segmentation

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:

  • Human-Machine Interface and Interaction
  • Locomotion and Exploration
  • Manipulation
  • Medical and Surgical Applications
  • Rehabilitation and Wearable Robots

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.

 

Growing Medical and Surgical Applications of Soft Robots to Boost the Market Growth of Soft Robotics

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.

 

Key Industry Players in the Global Soft Robotics 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.

  • Ekso Bionics Holdings Inc.
  • ReWalk Robotics Ltd. 
  • Soft Robotics Inc.
  • Righthand Robotics, Inc.
  • BioServo Technologies AB
  • Pneubotics Inc
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
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
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Locomotion and Exploration
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Manipulation
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Medical and Surgical Applications
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Rehabilitation and Wearable Robots
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
    8.5    Global Soft Robotics Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    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
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    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
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    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
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    ReWalk Robotics Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Soft Robotics Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    RightHand Robotics, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Bioservo Technologies AB
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Pneubotics Inc
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
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

Key Questions Answered in the Report

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.

Analyst Review

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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