Soft Robotics Market worth US$ 1.8 Billion 2020 registering a significant CAGR OF 39.50% over the forecast period.

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Published Date: June 2024

The report "Soft Robotics Market, By Application (Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable, and Robots), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

In December 2019, Soft Robotics announces transformational partnership with Fanuc to accelerate the adoption of critical automation needs across industries
In 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
In October 2019, BIONIK Laboratories Partners with Intelliware Development to Provide Seamless Connectivity Between InMotion™ Robotic Devices and Hospital Information Systems

Analyst View:

Market Growth Drivers

Increasing need for automation
Increasing concern in workplace safety

Opportunities and Trends

Use of artificial intelligence

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Soft Robotics Market”, By Application (Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable, and Robots), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Market Insights from the report:

The market report has been segmented on the basis of application, and region.

By application, 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.
By region, North America is expected to hold highest revenue share, owing to high concentration of market players and easy availability of proficient technical expertise.

Competitive Landscape:

The prominent player operating in the Soft Robotics market includes Soft Robotics Inc, Fanuc, RightHand Robotics, Ekso Bionics Holdings, Bionik Laboratories, ABB, KUKA, ReWalk Robotics, Cyberdyne, and Yaskawa Electric.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies
Detailed analysis of the market revenue over the forecasted period
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis
Study on the segments that are anticipated to dominate the market
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered