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Pharmaceutical Robots Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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Laboratory robotics is an act of using robots in life science, chemistry, and pharmaceutical laboratories to perform tasks which are beyond human capabilities such as continuous productivity and safety. Laboratory automation is the prominent segment in robotics field. Robots can perform task three to four times faster than humans and can work up to 24 hours a day. They can produce large quantity of products such as pharmaceutical drugs in a short time span. Robots can work to a high precision, which exceed accuracy which any human can provide. Automation of pharmaceutical industry reduces the human labour and lowers the production cost. Advanced robotics can be used to automate the laboratory processes such as pick/place, liquid and solid addition, heating, cooling, mixing, and shaking. Increasing use of robots in pharmaceutical companies for drug sorting, dispensing, and kit assembly, owing to high flexibility and reliability is driving growth of the pharmaceutical robots market.
Asia Pacific region is expected to gain significant market share in the global pharmaceutical robots market over the forecast period, owing to presence of leading robots manufacturer
Presence of key manufactures in Asia Pacific region such as Kawasaki Heavy Industries offering MC004N and MS005N and Mitsubishi Electric Corporation offering RH-3SDHR SCARA robot, capable of high speed operations, is expected to support the growth of the market in this region. MC004N meets the healthcare industry’s processing equipment specifications for accuracy, consistency and cleanliness, making it ideal for assembly, dispensing, inspection and material handling applications. The MS005N clean robot helps prevent human errors, contamination risks, and exposure to High Potency Pharmaceutical Ingredients, such as anticancer drugs. Key players in the market are actively participating in exhibitions and conferences to increase the visibility of their product. International Conference on Control Automation and Robotics 2015 in Singapore, 2016 in Hong Kong, and 2017 in Japan to commercialize robots on a big scale. Participation of major players in such events is expected to increase the adoption of robots in pharmaceutical industry, which in turn is expected to propel growth of the market over the forecast period. Moreover, Tokyo-based Softbank invested US$ 114 million in robot technology in 2017.
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Key players operating the pharmaceutical robots market include Kawasaki Heavy Industries, Ltd., FANUC Corporation, Mitsubishi Electric Corporation, ABB Ltd., Seiko Epson Corporation, Universal Robots A/S, Yaskawa Electric Corporation, Marchesini Group S.p.A., and Midea Group Co.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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