Global pharmaceutical robots market is expected to reach USD 129.41 Billion by 2025, at a CAGR of 14.14% from 2018 to 2025. The key factors for the growth of the market include rising personalized packaging demand, benefits offered by robotic systems in pharmaceutical manufacturing and conferences and exhibitions to raise awareness of robotic systems.
The pharmaceutical robots are the automated machines that are used to provide reliably for performing pharmaceutical tasks. These robots are developed for the assisting drug manufacturers to help them in various tasks such as transfer & package materials. The pharmaceutical robots can be utilized to gather and bundle a plenty of medicinal drugs and sent them to drug stores. For instance, in 2017, UAE has launched its robot pharmacy. These robots can store up to 35,000 medicines as well as can dispense up to 12 prescriptions in less than a minute. The interest for advanced robots has made various pharmaceutical organizations to develop new and productive methods for improving their pharmaceutical business. This robots has reduced human labour that further helped in reducing the cost of drugs.
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- The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The pharmaceutical robots market is analysed on the basis of technological roadmap.
- The pharmaceutical robots market is analysed on the basis of Volume (Thousand Units) and value (USD Million).
- The report provides the key data of pricing analysis, industry developments, and industry cost structure in order to understand the present and future scenario of the market.
- The study delivers a comprehensive analysis of global pharmaceutical robots market by type, application, and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the global pharmaceutical robots market. This report incorporates the industry analysis which is focused on providing an extensive view of the pharmaceutical robots market.
- The study also includes attractiveness analysis of type, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the pharmaceutical robots market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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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.
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