Pharmaceutical Robots Market (Covid-19) Impact and Analysis By 2027 | ABB, Kawasaki Heavy Industries, YASKAWA ELECTRIC CORPORATION, Universal Robots, Marchesini Group S.p.A., DENSO CORPORATION, FANUC CORPORATION, Epson India Pvt Ltd., SHIBUYA CORPORATION,
The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Pharmaceutical Robots Market.
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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.
Some of the Major Market Players Are:
Kawasaki Heavy Industries, Ltd.
YASKAWA ELECTRIC CORPORATION
Marchesini Group S.p.A.
Epson India Pvt Ltd.
Growing Awareness of Robotic Systems in Manufacturing
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. Also, The Digital Robot Pharma Fab Workshop will be held in June 2019 at Amsterdam, The Netherlands. This workshop will demonstrate the applications of robotics in the pharmaceutical industry and also introduces the advantages and risks associated with it. The workshop will conduct also includes lectures as well as hands-on training by mockups and live activities presented in the exhibition hall. Thus the growing conferences, workshops, and exhibitions for pharmaceutical robots drive the market growth during the forecast period.
Increasing Medical Tourism in Emerging Nations
Research and development (R&D) is an essential and crucial part of the company’s business. 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. 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.
• Collaborative Robots
• Traditional Robots
o Articulated Robots
o SCARA Robots
o Delta Robots
o Cartesian Robots
o Other Robots
• Inspection of Pharmaceutical Drugs
• Laboratory Applications
• Picking and Packaging
By End User
• Pharmaceutical Companies
• Research Laboratories
The report analyses factors affecting the Pharmaceutical Robots Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Pharmaceutical Robots Market in these regions.
Moreover, the report entails the estimate and analysis for the Pharmaceutical Robots Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Pharmaceutical Robots Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Pharmaceutical Robots Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Pharmaceutical Robots Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Pharmaceutical Robots Market Report:
• North America
• Latin America
• The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Pharmaceutical Robots Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Pharmaceutical Robots market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Pharmaceutical Robots market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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