According to Stratistics MRC, the Global Soft Robotics Market is accounted for $308.05 million in 2017 and is expected to reach $5,776.59 million by 2026 growing at a CAGR of 38.5% during the forecast period. Some of the key factors influencing the market growth include increasing usage of medical and health care industry and the need for human safety in manufacturing units. However, the high cost of installation is restricting market growth.

Soft Robotics is the exact subfield of robotics commerce with constructing robots from extremely acquiescent equipment, similar to those established in alive organisms. It draws heavily from the way in which living organisms move and adapt to their surroundings. Indifference to robots built from rigid equipment, soft robots allow for increased suppleness and adaptability for accomplishing tasks, as well as improved safety when working around humans.

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Among Robot Type, Wearables (Exoskeletons) segment is expected to grow at the significant market share during the forecast period. The exoskeletons have been commercialized and the market diffusion is comparatively better compared to the soft grippers and soft co-robots. This is due to the concentrated research in the medical devices sector owing to the need for human assistance.

By Geography, Asia Pacific was the leading market and is expected to grow at the considerable market share during the forecast period due to increasing demand for latest technology and equipment such as the use of treatment robots, including exoskeletons, in private and public hospitals are expected to impact the market growth.

Some of the key players profiled in the Soft Robotics Market include ABB, Bionik Laboratories, Cyberdyne, Ekso Bionics Holdings, Empire Robotics, FANUC America Corporation, KUKA AG, Otherlab Orthotics, Pneubotics, Inc., ReWalk Robotics, RightHand Robotics, Inc., Soft Robotics Inc, SynTouch LLC, and Yaskawa Electric.

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Robot Types Covered: Co-Robots Inflated Robots Soft Grippers Wearables (Exoskeletons)

Applications Covered: Human Motor Assistance R&D of Humanoids

End Users Covered: Automotive Food and Beverages Logistics Medical and Healthcare Other End Users

Regions Covered: North Americao USo Canadao Mexico Europeo Germanyo UKo Italyo Franceo Spaino Rest of Europe Asia Pacifico Japano Chinao Indiao Australiao New Zealando South Koreao Rest of Asia Pacific South Americao Argentinao Brazilo Chileo Rest of South America Middle East & Africao Saudi Arabiao UAEo Qataro South Africao Rest of Middle East & Africa

What our report offers: Market share assessments for the regional and country level segments Market share analysis of the top industry players Strategic recommendations for the new entrants Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) Strategic recommendations in key business segments based on the market estimations Competitive landscaping mapping the key common trends Company profiling with detailed strategies, financials, and recent developments Supply chain trends mapping the latest technological advancements

Free Customization Offerings:All the customers of this report will be entitled to receive one of the following free customization options: Company Profilingo Comprehensive profiling of additional market players (up to 3)o SWOT Analysis of key players (up to 3) Regional Segmentationo Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends on feasibility check) Competitive Benchmarkingo Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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Soft Robotics Market to Witness a Healthy YoY Growth during 2017-2026 - Kentucky Journal 24