At CAGR 10.80%, Pharmaceutical Robots Market Size Worth US$ 305.01 Million by 2027: IMARC Group
IMARC Group has recently released a new research study titled "Pharmaceutical Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global pharmaceutical robots market reached a value of US$ 161.84 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 305.01 Million by 2027, exhibiting a CAGR of 10.80% during 2022-2027.
Pharmaceutical robots refer to artificial intelligence (AI) robots that are used in a wide range of applications, such as filling, inspection, packaging, laboratories, and manufacture of customized medicine. They are cost-effective, require less space, and provide enhanced health and safety for the workers. They offer a high degree of accuracy, automation, and decrease dependence on human or manual work. Besides this, they also provide a maximum rate of interest (ROI) and assist in enhancing traceability and precision.
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Pharmaceutical Robots Market Trends and Drivers:
Presently, the rising demand for precision, output, and faster turnaround times represents one of the primary factors strengthening the growth of the market. In addition, the growing demand for automation at healthcare facilities for performing various tasks quickly is offering a positive market outlook.
Apart from this, the rapid integration of artificial intelligence (AI) and the internet of things (IoT) in pharmaceutical robots is bolstering the growth of the market. Moreover, various benefits offered by pharmaceutical robots, such as improved production output and product quality, no labor turnover, reduced production downtime, better waste management, and increased flexibility, is offering lucrative growth opportunities to industry players.
Furthermore, the rising adoption of pharmaceutical robots due to the increasing competition in the pharmaceutical industry is supporting the growth of the market.
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Global Pharmaceutical Robots Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Pharmaceutical Robots Companies:
ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., Kuka AG, Marchesini Group S.p.A, Mitsubishi Electric Corporation, Robert Bosch GmbH, Seiko Epson Corporation, Shibuya Corporation, Universal Robots A/S (Teradyne Inc.) and Yaskawa Electric Corporation.
The report has segmented the market on the basis of region, type, application and end user.
Breakup by Type:
• Traditional Robots
o Articulated Robots
o SCARA Robots
o Delta/Parallel Robots
o Cartesian Robots
o Dual-arm Robots
• Collaborative Pharmaceutical Robots
Breakup by Application:
• Picking and Packaging
• Inspection of Pharmaceutical Drugs
• Laboratory Applications
Breakup by End User:
• Pharmaceutical Companies
• Research Laboratories
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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