Pharmaceutical Robots Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3922
Pharmaceutical Robots Market size is projected to experience significant growth from 2019 to 2025.
Increasing demand for automated systems by the pharmaceutical companies across the world will for production of pharmaceuticals, drug discovery and medical device will stimulate pharmaceutical robots market growth. Growing elderly population base prone to chronic diseases impose a burden on the drug manufacturers thereby accelerating demand for efficient automated robots.
Growing field of laboratory automation coupled with advantages associated with robotics systems over manual labor shall boost industry growth during the forecast period. The benefits offered by robots over human counterparts include their ability to work in hazardous environments, high reliability, flexibility, tirelessness, cost-effectiveness, speedy task performance such as picking and packaging, accurate and precise output, time savings, higher returns, improved quality of products and greater productivity. Such factors positively contribute towards business growth.
Rapid technological advancements such as development of collaborative robots will augment industry expansion. However, huge capital investments and costs associated with installation of automated robotic systems coupled with lack of human expertise for interacting and programming novel robotic equipment will hamper industry growth over the forecast period.
Traditional robots held a momentous share as of 2018, owing to rising demand for automated systems along with presence of several types of robots such as cartesian, SCARA, articulated and delta robots with different applications. Moreover, articulated robots will play a significant role in amplifying traditional robots market share due to its associated benefits such as increased flexibility of movement, ease of use and their ability to perform tasks such as picking and packaging objects like human arm or hand.
Collaborative robots will grow at a rapid pace owing to their ability to perform repetitive tasks in integration with humans resulting to accurate and precise output, light-weight, cost-effectiveness and ease-of-maintenance.
Picking and packaging applications will witness significant growth over the forecast period owing to high demand from pharma companies for production of drugs coupled with development of robotic machines with high speed for performing tasks, reduced risk of contamination and optimum utilization of space.
Asia Pacific will grab significant market share owing to the presence of numerous local manufacturers developing technologically advanced products in countries such as Japan. Booming pharmaceutical industry coupled with increasing deployment and installations of industrial robots in countries such as China will further contribute to amplify regional share in the future.
Rising investments in robotic production in UK along with presence of domestic market players in Germany developing advanced automated systems to increase the productivity and efficiency for drug discovery and pharmaceuticals are prominent factors for business growth. As per International Federation of Robotics, Europe will experience rapid growth in future owing to huge penetration and installations of industrial robots propelling the regional share.
Presence of large pharmaceutical companies coupled with rapid adoption of automated robotic systems for manufacturing drugs and pharmaceuticals owing to the benefits offered over manual processes are growth rendering drivers for U.S. pharmaceutical robots market.
Some of the key industry players include FANUC Corporation, Denso Corporation, Stäubli International, Kawasaki Heavy Industries, ABB, Yaskawa Electric Corporation, Seiko Epson Corporation, KUKA, Mitsubishi Electric Corporation, Universal Robots, Shibuya Corporation, Marchesini Group.
Technological developments along with strategic partnerships, mergers and acquisitions are the major strategies adopted by industry players. In October 2016, Staubli International launched the FAST picker TP80 HE ideally used for packaging and handling operations in sensitive environment and forms the world’s only clean picker robot allowing reduced risk of contamination in sensitive areas.
Pharmaceutical robots market by product, 2014-2025 (USD Million)
- Traditional robots
- SCARA robots
- Articulated robots
- Delta/Parallel robots
- Cartesian robots
- Collaborative pharmaceutical robots
Pharmaceutical robots market by application, 2014-2025 (USD Million)
- Picking and packaging
- Laboratory applications
- Inspection of pharmaceutical drugs
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- FANUC Corporation
- Denso Corporation
- Stäubli International
- Kawasaki Heavy Industries, Ltd.
- Yaskawa Electric Corporation
- KUKA AG
- Universal Robots A/S
- Seiko Epson Corporation
- Shibuya Corporation
- Marchesini Group S.p.A.
- Mitsubishi Electric Corporation
- Astech Projects Ltd.
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