Pharmaceutical Robots Market to Represent a Significant Expansion at High CAGR During 2018–2026 | Top Players ABB Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Midea Group Co., Universal Robots A/S

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 labor 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.

Download PDF Copy of this Business Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1341

Continuous advancement in pharmaceutical robots is expected to fuel growth of the global pharmaceutical robots market

Increasing investments in research and development activities by manufacturers is expected to boost growth of the pharmaceutical robots market. For instance, UR3 Robot launched by Universal Robots in March 2015 is cost-effective and small in size as compared to other robots such as SCARA and Cartesian robots. China-based Guangzhou Pharmaceutical Holdings Ltd., is working on replacing conventional robotic machines with collaborative robots, owing to their high efficiency and flexibility. Guangzhou Pharmaceuticals collaborated with Midea Group Co. in 2017 to bring fully automated dispensing robots that can pick, package, and distribute pills at hospitals and drugstores. Japan-based Kawasaki Heavy Industries Ltd., plans to offer surgical robots in 2019 to California based Omnicell Inc, which markets automatic medication dispensing systems. Increasing demand for specific packaging configuration and useful factors of robots in pharmaceutical manufacturing such as accuracy, high speed, zero error operations, and better utilization of space are also driving the growth of the pharmaceutical robots market. High reliability, enhanced safety, significant financial savings, and relentless continuous work in any environment are some others applications of robots, which are expected to drive growth of the global pharmaceutical robots market. However, high initial investment for automation of pharmaceutical industry is restraining growth of the 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 manufacturers 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.

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.
• Midea Group Co.

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1341

Pharmaceutical Robots Market Taxonomy:

Pharmaceutical robots market is segmented on the basis of product type, application, end user, and geography.

By Product Type:

• Cartesian Robots
• Selective Compliance Assembly Robot Arm (SCARA) Robots
• Articulated Robots
• Others

By Application:

• Picking and packaging
• Drugs inspection
• Laboratory applications

By End User:

• Pharmaceutical companies
• Research laboratories

By Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Ask For Discount @ https://www.coherentmarketinsights.com/insight/request-discount/1341

About Coherent Market Insights:

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.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.