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Pharmaceutical Robots Market Insight 2023| Competitors, Business Strategy and Key Players Analysis- Mitsubishi Electric, Universal Robots, FANUC, Yaskawa Electric Corporation, KUKA, Epson, ABB India, Denso, Kawasaki Heavy Industries and SHIBUYA KOGYO CO L
The Pharmaceutical Robots Devices Market was worth USD 50.48 million in 2014 and is expected to reach approximately USD 152.73 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.09% during the forecast period. In the stream of robotics, automation of laboratories is emerging significantly. Pharmaceutical robots help in packaging and transferring materials, for example, diagnostic kits and assays. This lessens the rate of human errors and allows researchers to concentrate on experiments. Alternate applications of robots incorporate uncapping, repetitive capping work, and task of manual pipettes. Therefore, mechanized machines help researchers by facilitating their work and prompt fast lab work. The field of robotics is observing extensive size of technological progressions. In the stream of industrial robots, pharmaceutical robots are a developing portion. Different associations are coming up with advanced robotic machines, which are anticipated to bolster the pharmaceutical robots market.
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Drivers and Restraints
The worldwide pharmaceutical robots market is growing inferable from a strong pharmaceutical industry and advantages offered via mechanization in this division over the globe. The market is growing at a fast pace inferable from increment in adoption of robotics in the pharmaceutical segment, constant advancements in technology, and reduction in production cost because of automation. Pharmaceutical robots are skilled at carrying out operations at rates that far surpass human ability. These robots are equipped for working in unsafe settings in closeness to biological perils, for example, danger of radioactive pollution and lethal chemotherapy compounds. Robots are used in different applications, for example, pharmaceuticals, manufacturing of medical devices, drug discovery, and performing blood test testing.
Regional Outlook and Trend Analysis
In 2017, the Asia Pacific area represented a conspicuous share of the pharmaceutical robots marker, trailed by Europe with a considerable share of the market. The existence of vast number of pharmaceutical organizations in economies, for example, Japan and China is fuelling the industrial robots market in Asia Pacific. The existence of driving pharmaceutical organizations with substantial manufacturing facilities in these nations is anticipated to impel the development of this area. Europe represented a significant share of the worldwide pharmaceutical robots market attributable to high implementation of robots in Germany. Besides, a few activities have been adopted the European Union so as to build up administrative norms identified with security protocols in the field of robotics.
Competitive Insights
The leading players in the market are Mitsubishi Electric, Universal Robots, FANUC, Yaskawa Electric Corporation, KUKA, Epson, ABB India, Denso, Kawasaki Heavy Industries and SHIBUYA KOGYO CO LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Pharmaceutical Robots Devices Market is segmented as follows-
By Type
Traditional Robots
SCARA Robots
Cartesian Robots
Articulated Robots
Delta Robots
Collaborative Robots
By Application
Laboratory Applications
Picking and Packaging
Pharmaceutical Drugs Inspection
By End User
Research Laboratories
Pharmaceutical Companies
By Region
North America
U.S.
Canada
Mexico
Europ
Germany
UK
France
Russia
Italy
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Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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