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.
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 is Pharmaceutical Robots?
Pharmaceutical robots are advanced robotic systems that are specifically designed for use in the pharmaceutical industry. They comprise artificial technology (AI) that can perform a wide range of tasks, such as drug dispensing, sorting and packaging medications, laboratory automation, and compounding sterile preparations. They are programmed to handle delicate and precise operations and ensure precise dosage measurements while reducing the risk of human errors. They assist in enhancing the efficiency, accuracy, and safety of pharmaceutical operations. As they have the ability to do repeated tasks simultaneously with a high level of precision, the demand for pharmaceutical robots is rising across the globe.
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What are the growth prospects and trends in the pharmaceutical robots industry?
At present, the increasing employment of pharmaceutical robots, as they ensure accurate drug dosing and minimize the risk of contamination, represents one of the major factors contributing to the growth of the market.
Apart from this, the rising prevalence of various chronic diseases among individuals worldwide is propelling the growth of the market. Moreover, the increasing adoption of pharmaceutical robots, as they aid in improving production output and product quality, no labor turnover, reducing production downtime, and increasing flexibility, is bolstering the growth of the market.
Additionally, the growing demand for automation in healthcare facilities for performing various tasks quickly, is positively influencing the market. Furthermore, the rising integration of machine learning (ML) algorithms and computer vision systems allow to enable real-time monitoring and data analysis is strengthening 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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