Researchstore.biz launched a study titled “Global Pharmaceutical Robots Market Type (Traditional Robots, Collaborative Robots), Application (Picking And Packaging, Inspection Of Pharmaceutical Drugs, Laboratory), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global pharmaceutical robots market is expected to grow from USD 62.97 Billion in 2017 to USD 129.41 Billion by 2025 at a CAGR of 14.14% during the forecast period from 2018-2025. Major drivers that fuel the growth of pharmaceutical robots market are:
Benefits offered by robotic systems in pharmaceutical manufacturing
Rising personalized packaging demand
Conferences and exhibitions to raise awareness of robotic systems in pharmaceutical manufacturing
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The pharmaceutical robots are utilized in the pharmaceutical enterprises to complete pharmaceutical assembling errands more reliably and cost-successfully than physical work. It offers speed, exactness, repeatability, security, and cost proficiency. Pharmaceutical robots can work in various unsafe settings and in nearness different organic risks. A flooding interest for new medications and compound details has made various pharmaceutical organizations investigate new and productive methods for improving and more affordable medication. This is one of the main factors that have been driving the worldwide pharmaceutical robots advertise. Besides, rising worries over false item fabricating and modest quality medications has made it exceptionally important for using exceedingly productive and unprejudiced methods for making meds, therefore boosting the market.
Rising personalized packaging demand is anticipated to drive pharmaceutical robots market:
Rising personalized packaging demand, benefits offered by robotic systems in pharmaceutical manufacturing and conferences and exhibitions to raise awareness of robotic systems in pharmaceutical manufacturing are the key driving factors for the pharmaceutical robots market. Lack of skilled personnel to work in automated manufacturing units and high initial investment may limit the growth of market. However, reduced operation cost is expected to boost the pharmaceutical robots market over the forecast period.
The global pharmaceutical robots market is segmented on the basis of type, application, and regions.
Traditional robots segment valued around USD 35.50 Billion in 2017
Type segment includes traditional robots and collaborative robots. Traditional robots segment is anticipated to grow with highest CAGR over the forecast period. The increasing in the demand of SCARA (selective compliance articulated robot arm) and articulated robots is the key factors to drive the demand of traditional robots.
Picking and packaging segment held largest market share of 36.84% in 2017
Application segment is divided into three segments picking and packaging, inspection of pharmaceutical drugs, and laboratory. Picking and packaging is playing a chief role in shaping business growth, disrupting industry verticals and acting as catalyst for business modernization. The personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, error-free operation, and fewer accidents has increased the share of the picking and packaging segment.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region held the largest market size of USD 19.61 Billion in 2017. Increase in the demand of convenience, luxury, safe, and energy efficient device, presence of major players and the technological advancements were some of the factors that led to the growth of pharmaceutical robots market in this region.
The major players for Pharmaceutical Robots market include Kawasaki Heavy Industries Ltd., FANUC Corporation, KUKA AG, Mitsubishi Electric Corporation, ABB Ltd., Denso Corporation, Seiko Epson Corporation, Marchesini Group S.p.A, Universal Robots A/S, Yaskawa Electric Corporation, and Shibuya Corporation.