A team of interdisciplinary researchers is building a tiny robot that replicates the knock-out punch of a mantis shrimp in order to develop the first small robots and devices that can be equally fast and powerful.
Select hospitals in China are running clinical trials of robotic surgery in the field of gynecology after Edge Medical Robots Co., Ltd. self-develops an endoscopic surgical robot. This medical and domestic breakthrough is assisting trained surgeons in providing better medical services for patients.
Rugged Robotics, founded in 2018, raised a $2.5 million seed investment in 2019. While the company is not actively collecting funds at the moment, it has already begun to roll out its technologies in early tests, including a collaboration with Consigli.
The market for service robots is expected to rise from USD 36.2 billion in 2021 to USD 103.3 billion by 2026, at a CAGR of 23.3 percent from 2021 to 2026. Several factors such as the increasing adoption of robots for new applications that provide high returns on investment are driving forces behind the growth of the service robotics market.