A recent report published by Infinium Global Research on pharmaceutical robots market provides in-depth analysis of segments and sub-segments in the global as well as regional pharmaceutical robots market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pharmaceutical robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pharmaceutical robots market. According to report the global pharmaceutical robots market is projected to grow at a CAGR of 13.2% over the forecast period of 2018-2024.
Robots can perform several tasks in the field of life science, laboratory and pharmaceutical applications that are beyond human capability. They can perform pharmaceutical manufacturing task faster, more cost-effectively and more consistently than humans. Robots can perform tasks around three or four times faster than humans and they are used 24 hours a day. Robots are designed to meet the pharmaceutical industry’s specification for hygiene and accuracy. Robots are widely used in pharmaceutical manufacturing for machining, assembly, dispensing, machine tending, material removal, pick and place, ultrasonic welding and test handling. The Association for Packaging and Processing Technologies (PMMI) stated that by 2018, robots are expected to be used in 34% of primary packaging plants in the pharmaceutical industry.
Pharmaceutical robots deal with the manufacturing of large volume of medicines that require greater speed, accuracy, reliability and more flexibility, these efficiency factors can be achieved through robot automation. In addition, technological advancement in robots and high adoption of robots in the pharmaceutical industry over the globe are driving the pharmaceutical robot market. However, high investment in the field of automated manufacturing in the pharmaceutical industry is anticipated to hamper the Pharmaceutical Robots Market. Going further, leading key player in this marker are introducing technologically advanced robotic machines in the manufacturing field which is expected to provide growth opportunities for the Pharmaceutical Robots Market in the near future.
Geographically, Asia Pacific region holds the largest market share in the pharmaceutical robots market followed by Europe. The presence of leading pharmaceutical companies in countries such as Japan and China is expected to accelerate the growth of the market in this region. International Federation of Robotics (IFR) stated that China is the largest market for industrial robots. Many countries in APAC provides 3rd party drug manufacturing services. In addition, APAC has the highest population in the world. With rising chronic and influenza prevalence, the demand for pharmaceutical products/ medicines is high in this region. This results in an increasing number of pharma companies settling in the APAC region. Europe is accounted to have a significant share in the pharmaceutical Robots Market owing to the high penetration of robotics in the countries like Germany, France, and the U.K. North America region is anticipated to offer lucrative growth for this market over the forecast period. The factors facilitating growth in the North America region are a presence of pharmaceutical companies in the U.S. and high adoption of automation to enhance efficiency.
The report on global pharmaceutical robots market covers segments such as type and application. On the basis of type, the global pharmaceutical robots market is categorized into traditional robots and collaborative pharmaceutical robots. On the basis of application, the global pharmaceutical robots market is categorized into drugs inspection, picking and packaging, and laboratory applications.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global pharmaceutical robots market such as Fanuc Corporation, Kawasaki Heavy Industries Ltd, ABB Ltd., Shibuya Corporation, Universal Robots A/S., Marchesini Group S.P.A., Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, and Universal Robots A/S.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global pharmaceutical robots market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pharmaceutical robots market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pharmaceutical robots market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the pharmaceutical robots market to understand the present and future trends in this market and formulate their strategies accordingly.
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