Pharmaceutical Robots Market 2022 [PROFIT] Industry Scenario, Strategies, Growth Factors and Forecast

2022-06-15 13:23:50 UTC | Healthcare & Pharmaceuticals
Pharmaceutical Robots Market 2022 [PROFIT] Industry Scenario, Strategies, Growth Factors and Forecast

This report studies the global pharmaceutical robots market for the forecast period of 2016 to 2021. This market is expected to reach USD 119.5 Million by 2021 from USD 64.4 Million in 2016, at a CAGR of 13.2% during the forecast period. The key factor driving the growth of the market is the benefits offered by robotic systems in pharmaceutical manufacturing.

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[141 Pages Report] The overall pharmaceutical robotic systems market is expected to grow from USD 64.37 million in 2016 to USD 119.46 million by 2021, at a CAGR of 13.2% from 2016 to 2021. Benefits offered by robotic systems in pharmaceutical manufacturing is a key factor driving the growth of pharmaceutical robots market.

Robotic systems provide various benefits to pharmaceutical manufacturing such as lesser space utilization, reduced production downtime, no labor turnover, enhanced health and safety, better waste management, increased production flexibility, improved production output and product quality, and lower operating costs. With the growing pharmaceutical industry and the various benefits offered by robotic automation, the adoption of robots is likely to increase in the coming years.

Browse and in-depth TOC on “Pharmaceutical Robots Market”

98 – Tables

40 – Figures

141 – Pages

The global pharmaceutical robots market is segmented on the basis of type, application, and region.

Based on type, the market is segmented into traditional robots and collaborative robots. The traditional robots segment is expected to command the largest share of the global market. The traditional robots segment is further categorized into articulated, SCARA (selective compliance articulated robot arm), delta/parallel, Cartesian, and other robots (which include spherical and dual-arm robots). The articulated robots segment accounted for the largest share of the global pharmaceutical traditional robots market in 2016.

On the basis of application, the global pharmaceutical robots market is segmented into picking and packaging, inspection of pharmaceutical drugs, and laboratory applications. In 2016, the picking and packaging segment accounted for the largest share of the global pharmaceutical robots market. Factors such as demand for personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, ability to track and trace, error-free operation, fewer accidents, and better utilization of the floor space are contributing to the large share of the picking and packaging segment.

Regional Growth Analysis:

The pharmaceutical robotic systems market in APAC is expected to grow at the highest CAGR during the forecast period owing to factors such as the increase in domestic industrial robots companies, flourishing pharmaceutical industry, increasing number of conferences and exhibitions, investments and funding in the industrial robots industry, and Japan’s Robot Strategy.

Key Players:

Kawasaki Heavy Industries Ltd. (Japan), FANUC Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), ABB Ltd. (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Marchesini Group S.p.A (Italy), Universal Robots A/S (Denmark), Yaskawa Electric Corporation (Japan), and Shibuya Corporation (Japan) are the prominent players in the global pharmaceutical robots market.

The following are the major objectives of the study.

·         To describe and forecast the pharmaceutical robotic systems market, in terms of value, by type, application, and region

·         To describe and forecast the pharmaceutical robotic systems market, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries

·         To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)

·         To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

·         To study the complete value chain of pharmaceutical robotic systems

Major Market Developments

·         In 2016, Kawasaki opened a Tokyo Robot Center Showroom in Odaiba, Tokyo, Japan. The new facility offers robotics-related information.

·         In 2016, Yaskawa launched the MOTOMAN-MH5BM, a six-axis vertical articulated robot. The robot is ideal for sterile or hygienic environments such as the biomedical field, which includes drug discovery research, pharmaceutical and medical industry, as well as the beverage industry.

·         In 2016, FANUC collaborated with NVIDIA (U.S.) to implement Artificial Intelligence on the FANUC Intelligent Edge Link and Drive (FIELD) system. This is aimed to increase robotics productivity and bring new capabilities to automated factories across the globe. Moreover, the advances in artificial intelligence aim to allow robots to watch & learn, and improve its capabilities.

·         In 2016, Mitsubishi established two new Factory Automation (“FA”) centers in Italy and South Africa. With this expansion, the company aimed at expanding the FA product support network in Southern Europe and Africa, along with strengthening and accelerating local customer service.

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