Pharmaceutical Robots Market size is projected to experience significant growth from 2022 to 2032, driven by the growing need for automated solutions in the pharmaceutical sector and the high costs associated with discovering new drugs. Pharmaceutical robots are gaining popularity for their precision, efficiency and speed. Strict inspection activities in the pharmaceutical sector in countries across Asia Pacific, North America, and Europe are expected to fuel the deployment of these robots. Specifically, robots such as articulated robots, cartesian robots, and SCARA robots, as well as collaborative robots, are predicted to experience substantial demand by 2032.
As the revenue for new medicines increases, companies specializing in pharmaceutical robots are expected to increase the development of novel automated equipment and robotics that help improve productivity. For instance, in October 2022, Texas-based biopharmaceutical company, Vyripharm Enterprises Inc. (VEI) inked a deal with ABB Robotics to develop an automated laboratory testing platform to enable quality control of raw material of novel pharmaceutical compounds.
In terms of application, the pharmaceutical robots market share from the picking and packaging segment is expected to grow due to its ability to increase efficiency and accuracy during operations. Picking and packaging robots allow the conservation of floor space, which is becoming increasingly important as the progress for limited work areas increases. As the need for tracking, tracing, and error-free operations grow, robots are predicted to record high expansion in the pharmaceutical sector. Additionally, the development for customized packaging will fuel market progression by 2032.
Based on the regional outlook, the Europe pharmaceutical robots market outlook is predicted to be strong during the forecast years 2023 to 2032, due to the value across laboratory applications. Several tests associated with R&D activities involve repetitive tasks which can be carried out by robots with utmost consistency and accuracy. Countries like the U.K., Germany, Italy, and France are predicted to hold a major share of the regional market owing to the presence of leading pharmaceutical companies and the increasing demand for efficient workflow management in research laboratories.
Leading companies, such as Yaskawa Electric, Mitsubishi Electric, Stäubli, Seiko Epson, Universal Robots, Shibuya, FANUC, Marchesini Group and ABB, KUKA, will drive the global pharmaceutical robots market share.