Soft Robotics Market 2021 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026

The Soft Robotics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Soft Robotics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Soft Robotics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Soft Robotics market.

The Soft Robotics Market was valued at USD 645.45 million in 2019 and is expected to reach USD 4965.06 million by 2025, at a CAGR of 40.5% over the forecast period 2020 - 2025. 

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Top Leading Companies of Soft Robotics Market are - Soft Robotics Inc, Righthand Robotics Inc, Ekso Bionics Holdings Inc, Rewalk Robotics Ltd, Yaskawa Electric Corporation, Bioservo Technologies AB, Festo AG, Roam Robotics, ABB Ltd. and others.

Industry News and Updates:

- January 2019 - Soft Robotics Inc. launched mGrip, the company’s first on-demand, modular automation system. This will enable the rapid proliferation of soft robotics, and allow users to leverage the company’s technology to build, validate, and install production-ready systems quickly.
- April 2018 - Rewalk Robotics launched its clinical study of the ReStore soft exo-suit system (ReStore) for the rehabilitation of individuals with lower limb disability due to stroke. This launch is aimed at offering the ReStore as a commercial product for the rehabilitation of stroke survivors worldwide.

Key Market Trends:

Medical and Surgical Applications to Register Highest Growth

- Soft robots inherently have the advantage of being compliant with the natural tissues of human and living organisms. Minimally invasive surgery (MIS) is one of the research areas with the big potential of adopting soft robotics. This is because it overcomes the limitation of traditional MIS methods such as a low degree of freedom.
- The limitations involved in open surgeries and laparoscopic procedures coupled with increasing advantages of robotic surgery systems are expected to boost the adoption rates of robot-assisted surgeries worldwide. For instance, the advantages such as smaller incision size, fewer complications, minimization of infection rates, and shorter recovery times are driving surgeons to adopt these robotic systems to perform various surgeries.

North America to Hold Significant Share

- Rise in per capita income in the United States has led to an increased need for durable and non-durable goods, thus driving the need for a safe and effective manufacturing process. Therefore, companies manufacturing both durable and non-durable goods are increasingly adopting extensive assembly lines in their manufacturing process to meet the demand for these goods.
- Also, the safety factor in regional manufacturing and processing sector is also forcing companies to invest in soft robotics. The U.S. Occupational Safety and Health Administration (OSHA) alone lists 39 major industrial accidents under the keyword robot, ranging from dismemberment to death.
- The growth in warehousing and distribution centers also plays a significant role. According to the US Commerce Department, online sales represented 11.3% of total retail sales, up from 10.9%. This will further grow the need for warehouse management to enhance efficiency, hence developing space for the studied market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Soft Robotics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Soft Robotics Market (%),2016 - 2026
- Soft Robotics Market Share, By Brand
- Soft Robotics Market Share, By Company
- Soft Robotics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Soft Robotics Market Value Analysis & Forecast
- Promising Soft Robotics Development by Major Companies
- Detailed Soft Robotics Portfolio of the Major Companies
- Major Deals in the Soft Robotics Market
- Major Companies Analysis

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