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) – Industry Trends and Forecast to 2029
Global Pharmaceutical Robots Market Analysis and Size
Growing number of medical research activities and rising need for automation at the healthcare facilities have carved the way for the growth of the market. Pharmaceutical robots have revolutionized the healthcare industry. Traditional robots, such as articulated robots, Cartesian robots and SCARA robots have been in the market for quite a long time now.
- Data Bridge Market Research analyses that the pharmaceutical robots market is expected to undergo a CAGR of 8.75% during the forecast period. This indicates that the market value, which was USD 119.46 million in 2021, would rocket up to USD 233.69 million by 2029. “Air-Assisted Lateral Transfer Mattresses” dominates the product type segment of the pharmaceutical robots market owing to advantages of these mattresses in overcoming persistent difficulties while handling patients with special conditions. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Pharmaceutical Robots Market Definition
From the name itself, it is clear that pharmaceutical robots are the artificial intelligence robots that are used in a wide range of applications. Pharmaceutical robots provide a high degree of automation and reduce the dependence on human or manual work. This means that pharmaceutical robots provide a greater degree of accuracy and automation.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product Type (Traditional Robots, Collaborative Pharmaceutical Robots), Application (Picking and Packaging, Inspection of Pharmaceutical Drugs, Laboratory Applications), End User (Pharmaceutical Companies, Research Laboratories)
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.
Market Players Covered
Kawasaki Heavy Industries Ltd. (Japan), FANUC Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), ABB (Switzerland), DENSO CORPORSTION (Japan), Seiko Epson Corporation (Japan), Marchesini Group S.p.A (Italy), Universal Robots A/S (Denmark), Yaskawa Electric Corporation (Japan), Shibuya Corporation (Japan), Remtec Automation, LLC (US), Gridbots Technologies Private Limited (India), Lockheed Martin Corporation (US), and Robert Bosch GmbH (Germany)
Pharmaceutical Robots Market Dynamics
- Rising demand for automation
Growing demand for automation in various operations is one of the major factors fostering the growth of the market. Growing awareness about the benefits offered by robotic systems in pharmaceutical manufacturing is inducing the growth of the market.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of emergency healthcare services is also bolstering the market growth rate.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Furthermore, upsurge in the public-private funding for target research activities, rising conferences and exhibitions to raise awareness of robotic systems in pharmaceutical manufacturing, rising number of road accidents and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, increased demand for collaborative robots in manufacturing facilities, rising internet penetration rate, rising need for home healthcare services and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges Global Pharmaceutical Robots Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, dearth of training provided to caregivers for the effective operation of patient handling equipment, manufacturing advanced robotic systems that meet the requirements of consumers in the era of industrial internet of things, Lack of skilled personnel to work in automated manufacturing units, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
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 the 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.
COVID-19 Impact on Pharmaceutical Robots Market
COVID-19 has stimulated the market growth rate in the upward direction. Increasing number of patients and booming hospitalization rate owing to the spread of virus is one of the biggest factors responsible for pushing up the market growth rate. Growing focus of the healthcare institutions to provide the best of facilities to the patients ensured a good run of the market in this pandemic. Further, robots have become an attractive option for pharmaceutical companies in this period created lucrative market growth opportunities. According to the Robotic Industries Association (IRA), there was around 69% rise in orders for robots from the North American life science companies in 2020 and this shows that the future of the market is bright.
- In February 2021, ABB revealed two additions to its robot portfolio following the demand for automated production. The company is reported to have registered around a 90% rise in robots sales in China at the end of 2020 and will use cobots to keep up with the demand in the pharmaceutical sector.
Global Pharmaceutical Robots Market Scope
The pharmaceutical robots market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Traditional Robots
- Collaborative Pharmaceutical Robots
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.
- Picking and Packaging
- Inspection of Pharmaceutical Drugs
- Laboratory Applications
On the basis of application, the pharmaceutical robots market is segmented into picking and packaging, inspection of pharmaceutical drugs and laboratory applications.
- Pharmaceutical Companies
- Research Laboratories
The end user segment of pharmaceutical robots market is segmented into pharmaceutical companies and research laboratories.
Pharmaceutical Robots Market Regional Analysis/Insights
The pharmaceutical robots market is analysed 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 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 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
The 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 2010-2020.
Competitive Landscape and Pharmaceutical Robots Market Share Analysis
The 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.
Some of the major players operating in the pharmaceutical robots market are:
- Kawasaki Heavy Industries Ltd (Japan)
- FANUC Corporation (Japan)
- KUKA AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- ABB (Switzerland)
- DENSO CORPORSTION (Japan)
- Seiko Epson Corporation (Japan)
- Marchesini Group S.p.A (Italy)
- Universal Robots A/S (Denmark)
- Yaskawa Electric Corporation (Japan)
- Shibuya Corporation (Japan)
- Remtec Automation, LLC (US)
- Gridbots Technologies Private Limited (India)
- Lockheed Martin Corporation (US)
- Robert Bosch GmbH (Germany)
Research Methodology : Global Pharmaceutical Robots Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-pharmaceutical-robots-market
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.