Global Pharmaceutical Robots Market, By Product Type (Traditional Robots, Collaborative Pharmaceutical Robots), Application (Picking and Packaging, Inspection of Pharmaceutical Drugs, Laboratory Applications), End User (Pharmaceutical Companies, Research Laboratories), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Pharmaceutical robots market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 8.63 billion by 2028 and will grow at a CAGR of 8.25% in the above mentioned forecast period.
Pharmaceutical robots are largely used in various applications in the medical sector. A wide range of medical divisions, such as pharmacies and laboratories, uses pharmaceutical robots to carry out various drug manufacturing methods.
The various benefits offered by robotic systems in pharmaceutical manufacturing are amongst the important factors intensifying the growth and demand of pharmaceutical robots market. In addition, the conferences and exhibitions to hoist awareness of robotic systems in pharmaceutical manufacturing are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the increasing need for automation in manufacturing units and rising awareness among people are also enhancing the growth of the market. Likewise, the various benefits better speed, high accuracy, the ability to trace and track, error-free operations, fewer accidents and improved utilization of floor space is also lifting the market growth in the above mentioned forecast period. Also, the rapid development of robotics coupled with the inclusion of artificial intelligence which is also one of the significant factors fueling the growth of the pharmaceutical robots market.
The increased demand for collaborative robots in manufacturing facilities as well as the growing emphasis on laboratory automation is inducing high demand for pharmaceutical robots will further accelerate the expansion of the pharmaceutical robots market and are also is offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the dearth of skilled personnel to work in automated manufacturing units as well as increasing investment cost will curb the growth of the pharmaceutical robots market, whereas the lack of skilled and trained professional and manufacturing advanced robotic systems that meet the necessity of consumers in the era of industrial internet of things (IIoT) have the potential to challenge the growth of the pharmaceutical robots market.
This pharmaceutical robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pharmaceutical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pharmaceutical Robots Market Scope and Market Size
Pharmaceutical robots market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the pharmaceutical robots market is segmented into traditional robots and collaborative pharmaceutical robots. Traditional robots have further been segmented into articulated robots, scara robots, delta/parallel robots, dual-arm robots, cartesian robots and other robots.
- On the basis of application, the pharmaceutical robots market is segmented into picking and packaging, inspection of pharmaceutical drugs and laboratory applications.
- The end user segment of pharmaceutical robots market is segmented into pharmaceutical companies and research laboratories.
Pharmaceutical Robots Market Country Level Analysis
Pharmaceutical robots market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the pharmaceutical robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region leads the pharmaceutical robots market owing to the strong presence of a large number of local pharmaceutical companies in countries such as Japan and strong local presence of leading pharmaceutical companies within the region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of global pharmaceutical companies in the U.S. as well as high adoption of production automation within this particular region.
The country section of the pharmaceutical robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Pharmaceutical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pharmaceutical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pharmaceutical robots market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Pharmaceutical Robots Market Share Analysis
Pharmaceutical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pharmaceutical robots market.
The major players covered in the pharmaceutical robots market report are Kawasaki Heavy Industries, Ltd., FANUC America Corporation, KUKA AG, Mitsubishi Electric Corporation, ABB, DENSO CORPORATION, Epson America, Inc., Marchesini Group S.p.A., Universal Robots, YASKAWA ELECTRIC CORPORATION., YUJIN ROBOT Co.,Ltd., TRANSCRIPTIC INC., SHIBUYA CORPORATION, Krones AG, Medtronic, Siemens, Remtec Automation, LLC, Gridbots Technologies Private Limited, Lockheed Martin Corporation, and Robert Bosch GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Pharmaceutical Robots Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.