Pharmaceutical Robots Market: Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 12/12/2018 -- Global Pharmaceutical Robots Market: Overview
Pharmaceutical robots are broadly used in various applications in the medical sector. A wide range of medical divisions, such as pharmacies and laboratories, utilize pharmaceutical robots to execute various drug manufacturing methods. This is primarily due to high functionality in which these robots can function, which is likely to make them extremely competent as compared to human precision.
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Global Pharmaceutical Robots Market: Growth Factors
The major growth driver in the pharmaceutical robots market is the various benefits offered by these robots in pharmaceutical manufacturing. These benefits include high accuracy, better speed, capability to trace and track, error-free operations, less number of accidents, and enhanced utilization of floor space, among others. Pharmaceutical robots support in packaging and transferring of various materials, like assays and diagnostic kits. This, in turn, helps in reducing human errors and aids the scientists to majorly focus on their experiments. The other various applications of robots comprise uncapping, lessening repetitive capping work, and execution of manual pipettes. The robotics sector is likely to witness large-scale of technical developments. In the industrial robots sector, pharmaceutical robots are likely to emerge as a separate segment. Different organizations are advancing technically and using developed robotic machines, which is further expected to propel the global pharmaceutical robots market. Several pharmaceutical companies are altering conventional robots with advanced robots that are a combination of robots and humans, due to their capability to provide flexibility and better effectiveness.
Global Pharmaceutical Robots Market: Segmentation
The pharmaceutical robots market is classified in terms of type, application, and end-user. By type, this global market is bifurcated into collaborative robots and traditional robots. In terms of application, the global market for pharmaceutical robots is categorized into inspection of pharmaceutical drugs, laboratory applications, and picking and packaging. The picking and packaging segments is likely to dominate the market in the upcoming years, owing to personalized packaging configuration demands and various advantages of these robots related to pharmaceutical manufacturing. Based on end-user, the pharmaceutical robots market is fragmented into research laboratories and pharmaceutical companies.
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Global Pharmaceutical Robots Market: Regional Analysis
Based on geography, the global pharmaceutical robots market is categorized into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region is likely to hold a major share of the global pharmaceutical robots market. This can be attributed to the existence of several local pharmaceutical companies in China and Japan, which are expected to propel the pharmaceutical robots market in the Asia Pacific region. The occurrence of major pharmaceutical companies with huge manufacturing units in these regions is projected to fuel the development of this province. Europe is likely to hold a substantial share of the global market for pharmaceutical robots, owing to high acceptance of robots in Germany and the initiatives undertaken by the European Union to establish authoritarian standards associated to safety protocols in robotics. North America is projected to offer lucrative development opportunities in the coming future, due to the presence of pharmaceutical companies in the U.S. and growing number of exhibitions and conferences related to robotics.
Global Pharmaceutical Robots Market: Competitive Players
Some of the most important players operating in the pharmaceutical robots market include FANUC Corporation, Kawasaki Heavy Industries, Mitsubishi Electric Corporation, KUKA, Denso Corporation, ABB, Universal Robots, Seiko Epson Corporation, and Shibuya Corporation, among others.
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Global Pharmaceutical Robots Market: Regional Segment Analysis