Million Insights - World's Fastest Growing Market Research DatabaseAccording to new report available with Million Insights, the global pharmaceutical robot industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.The global Pharmaceutical Robots Market size is estimated to arrive at USD 297.4 million by 2028. It is projected to develop by 9.3% CAGR from 2021 to 2028.
The increasing pharmaceutical manufacturing along with many benefits presented by the robotic arrangements in product making for example, better excellence of the product along with productivity, augmented suppleness in production, low down working overheads, smaller use of the space, abridged production downtime, enhanced garbage administration and improved security as well as healthiness are the factors, inspiring the acceptance of these products, by this means helping the expansion of the pharmaceutical robots market.
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The traditional robots product section held the major revenue share of the market, in 2020, because of its growing implementation in palletizing, material handling, inspection, along with picking and packaging. Collaborative robots are expected to record the highest augmentation speed, throughout the forecast period.
The picking and packaging application sector held the biggest revenue share, of the market, in 2020. It is expected to observe the highest enlargement for the duration of the forecast.
The pharmaceutical company’s end-use division held the main revenue share of the market for pharmaceutical robots, in 2020. It is projected to record the highest CAGR, all through the forecast period.
The research laboratories section is expected to observe major development throughout the forecast period because of the capability of these automatic solutions to carry out recurring everyday jobs, like stirring fluids as well as the test tubes, for the period of medicine invention linked actions, making it possible a greater percentage of accurateness in addition to constancy.
Asia Pacific led the global pharmaceutical robots market, in 2020. It is projected to record the highest expansion speed for the period of the forecast. The increase in the demand for the making of medicines, in addition to the growth of robotic technology designed for carrying out responsibilities by elevated speed, best possible use of space, accurateness, along with abridged threat of contagion between pharmaceutical companies is increasing the expansion of the local market.
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Further key findings from the report suggest:
•Due to the thriving market for industrial as well as pharmaceutical robotics, within the region, Asia Pacific led the global market for the pharmaceutical robots, in 2020
• In 2020, the pharmaceutical companies section led the market, by end use, because of the fast speed of medicine finding along with the extraordinary funds by the companies
• As a result of the growth in demand for custom-made packaging, the picking and packaging section led the market, in 2020, on the basis of application
• Based on the product, traditional robots led the market in 2020, due to the accessibility of diverse categories of traditional goods, designed for the particular function
• The enlargement of the market is credited to a variety of technical progressions in addition to rising funds in the robotics segment
Million Insights segmented the global pharmaceutical robots market based on End Use, Application, Product, and Region.
Pharmaceutical Robots Product Outlook (Revenue, USD Million, 2014 - 2028)
• Traditional Robots
• Articulated Robots
• SCARA Robots
• Delta/Parallel Robots
• Cartesian Robots
• Dual-arm Robots
• Collaborative Pharmaceutical Robots
Pharmaceutical Robots Application Outlook (Revenue, USD Million, 2014 - 2028)
• Picking and Packaging
• Inspection of Pharmaceutical Drugs
• Laboratory Applications
Pharmaceutical Robots End-use Outlook (Revenue, USD Million, 2014 - 2028)
• Pharmaceutical Companies
• Research Laboratories
Pharmaceutical Robots Regional Outlook (Revenue, USD Million, 2014 - 2028)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
Companies
Various companies for pharmaceutical robots market are:
• Seiko Epson Corporation
• FANUC America Corporation
• Kawasaki Heavy Industries Ltd.
• ABB Ltd.
• Denso Wave, Inc.
• Marchesini Group S.p.A
• Yaskawa Electric Corporation
• Universal Robots A/S
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