Pharmaceutical Robots Market to Grow $47.46 Million by 2027 profiling Marchesini, DENSO CORPORATION, FANUC CORPORATION, Epson India, SHIBUYA CORPORATION

Pharmaceutical and biotechnology companies’ focus on research and development (R&D) to develop new molecules for various therapeutic applications with the greatest medical and commercial potential. Research and development (R&D) is an essential and crucial part of the company’s business. The companies invest majorly on the R&Ds with the aim of delivering high quality and innovative products to the market. R&D spending by biopharmaceutical companies has also increased over the years. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$49.6 billion in 2012 to US$ 58.8 billion in 2015. Therefore, the increasing research and development expenditure in pharmaceutical and biotechnology companies in order to save the cost and time and to improve the drug discovery process will drive the growth for the pharmaceutical robots market during the forecast period.

The global pharmaceutical robots market accounted to US$ 110.85 Mn in 2018 and is expected to grow at a CAGR of 13.6% during the forecast period 2019 – 2027, to account to US$ 344.40 Mn by 2027.

Strategic Insights-
Product launches and partnerships were observed as the most adopted strategy in global pharmaceutical robots industry. For instance, in June 2019, boards of Transcriptic and 3Scan have unanimously approved an agreement to merge companies to combine their considerable engineering capabilities in developing automated systems for chemistry, biology, and tissue analysis. The resulting new company is Strateos. Moreover, in April 2019, Epson Robots, the SCARA robot manufacturer in the world, announced that it had expanded its SCARA robot lineup with the introduction of 4 new robots – the LS3-B, LS6-B, LS10-B, and LS20-B. Thus, such product launches and partnerships are likely to boost up and contribute to the market growth in the coming future.

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The report highlights the trends prevalent in the global pharmaceutical robots market and the factors driving the market along with those that act as deterrents to its growth. Key factors driving the market are significant benefits offered by robots in pharmaceutical manufacturing, growing awareness of robotic systems in the manufacturing process, increasing investments in pharmaceutical research and development.

Prominent Players operating in pharmaceutical robots market are ABB, Kawasaki Heavy Industries, Ltd., YASKAWA ELECTRIC CORPORATION, Universal Robots, Marchesini Group S.p.A., DENSO CORPORATION, FANUC CORPORATION, Epson India Pvt Ltd., SHIBUYA CORPORATION, TRANSCRIPTIC INC. among the others.

There are several conferences, workshops, and exhibitions being held across the globe in order to increase the awareness of robotic systems. For instance, 5th World Congress on Automation and Robotics was held in April 2018, at Las Vegas, USA. The conference aimed at growing awareness and share the knowledge of advanced technology amongst the professionals, industrialists, and students from the research area of Automation & Robotics. Furthermore, Pittcon 2018 was held in February 2018 at Orlando, Florida. The conference focused on the latest developments in technology, assisting analysis and automation in pharmaceutical research. For instance, GlaxoSmithKline, who has collaborated with other pharmaceutical companies to assess the robotic platforms for precise, automated dispensing of solids and AstraZeneca has who have worked on combined efforts to improve the measurement and prediction of API solubility. Thus the growing conferences, workshops, and exhibitions for pharmaceutical robots drive the market growth during the forecast period.

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1. INTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 market segmentation
1.3.1 Global Pharmaceutical Robots Market – By Product
1.3.2 Global Pharmaceutical Robots Market – By Application
1.3.3 Global Pharmaceutical Robots Market – By End User
1.3.4 Global Pharmaceutical Robots Market – By Geography

2. Global Pharmaceutical robots market – Key takeaways

3. research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Global pharmaceutical robots– market landscape
4.1 overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East & Africa– PEST Analysis
4.2.5 South & Central America – PEST Analysis

5. Global Pharmaceutical robots market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Benefits Offered By Robots in Pharmaceutical Manufacturing
5.1.2 Growing Awareness of Robotic Systems in Manufacturing Process.
5.1.3 Increasing Investments in Pharmaceutical Research and Development
5.2 Key Market Restraints
5.2.1 High Cost of Robots
5.2.2 Dearth of Skilled Professionals in Automated Manufacturing Units
5.3 Key Market Opportunities
5.3.1 Growth Opportunities in Emerging Nations
5.4 Future Trends
5.4.1 Rising Trend of Cloud Robotics

5.5 Impact analysis

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Contact us –

Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com
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This release was published on openPR.