IMARC Group, a leading market research company, has recently releases report titled “Pharmaceutical Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global pharmaceutical robots market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the pharmaceutical robots market?
The global pharmaceutical robots market size reached US$ 180.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 327.9 Million by 2028, exhibiting a growth rate (CAGR) of 10.2% during 2023-2028.
What are pharmaceutical robots?
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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What are the growth prospects and trends in the pharmaceutical robots industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Traditional Robots
- Articulated Robots
- SCARA Robots
- Delta/Parallel Robots
- Cartesian Robots
- 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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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