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Know How Pharmaceutical Robots Market is Trending in Key Regions to Reach at Next Level in Coming Years?
Pharmaceutical Robots Market
TMR envisages the global pharmaceutical robots market to post a 12.1% CAGR during the forecast period 2018-2026 to be worth a US$250.46 mn by the end of 2026. In 2017, the market held a valuation of US$92.73 mn. Amongst end users, pharmaceutical companies could secure a lion’s share as their market expands at a CAGR of 12.8%. Regionally, Asia Pacific is prognosticated to take the driver’s seat of the market, considering its US$42.53 mn valuation secured in 2017.
Large-scale Use of Pharmaceutical Robots in Scientific Research Propels Growth
Growing awareness about various advantages offered by pharmaceutical robots with their outstanding properties and capabilities is expected to push the growth of the market. For instance, pharmaceutical robots can perform tasks more adeptly than humans. Unlike humans, they could operate in risky settings with biological dangers such as the threat of toxic chemotherapy compounds and radioactive contamination. Scientific research is one application that could bring in highly lucrative market opportunities for vendors. Pharmaceutical robots could also be used in blood sample testing, pharmaceutical and medical device manufacturing, and drug discovery. The market could rake in a whole lot of revenue with rising awareness about robotic machines.
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Dearth of Skilled Automated Manufacturing Professionals Punches Demand Down
The global pharmaceutical robots market is prophesied to face with the challenge of lack of skilled personnel in automated manufacturing units. High cost of robots could be another factor looming over the market as a threat to its demand. However, the introduction of cost-effective solutions is envisioned to create rewarding business prospects in the market. On the other hand, massive reduction in production cost, increasing technological developments, and swelling demand from the pharmaceutical industry could help the market to increase demand in the coming years.
Pharmaceutical laboratories are using robots on a large scale to inspect and pack drugs. New developments in collaborative robots is anticipated to set the tone for valuable growth in the global pharmaceutical robots market. Their easy maintenance and cost-effective nature could further increase market growth during the course of the forecast period.
The information presented in this review is based on a TMR report, titled “Pharmaceutical Robots Market (Type – Traditional Robots (Articulated Robots, SCARA Robots, Delta/Parallel Robots, and Cartesian Robots) and Collaborative Robots; Application – Picking and Packaging, Laboratory Applications, and Pharmaceutical Drugs Inspection; End User – Pharmaceutical Companies and Research Laboratories) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
The global pharmaceutical robots market has been segmented as presented below:
Global Pharmaceutical Robots Market by Type
Traditional Robots
Articulated Robots
SCARA Robots
Delta/Parallel Robots
Cartesian Robots
Collaborative Robots
Global Pharmaceutical Robots Market by Application
Picking and Packaging
Pharmaceutical Drugs Inspection
Laboratory Applications
Global Pharmaceutical Robots Market by End User
Pharmaceutical Companies
Research Laboratories
Global Pharmaceutical Robots Market by Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Israel
Rest of Middle East and Africa
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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