Emergency Trends In Medical Devices Will Helping To Grow Pharmaceutical Robots Market Till 2025: Grand View Research, Inc.
The global pharmaceutical robots market is anticipated to
reach USD 430.0 million by 2025, according to a new report by Grand View
Research, Inc. This growth can be attributed to the flourishing pharmaceutical
industry.
The pharmaceutical industry is
flourishing due to huge R&D investments by global players. With increasing
drug discovery and clinical trials, there is growing demand for robotics. To
minimize workload and maintain higher levels of accuracy, automation has become
a significant part of pharmaceutical manufacturing. It increases efficiency,
prevents performance of repetitive activities, and avoids human error &
contamination.
Technological advancement is an
important factor driving growth. The use of robots & automated machines in
the field of pharmaceuticals is still in its nascent stage and expected to grow
in the near future. The automation industry has incorporated a few new
techniques such as collaborative robots and laboratory automation.
Pharmaceutical robotic machines
also minimize manufacturing costs by reducing labor. These machines are 3 to 4
times faster than humans and have the capacity to work for 24 hours. Reduction
in production cost is expected to raise return on investment in the long run,
thus driving demand for these products in the future.
Japan pharmaceutical robots
market, by product, 2014 - 2025 (USD Million)
Browse full research report on
Pharmaceutical Robots Market
Further key findings from
the report suggest:
- In 2016,
traditional robots held the largest share due to their availability in
different types, varied applications, and increased awareness
- Collaborative
robots are expected to witness highest growth over the forecast period
owing to their ability to easily integrate with existing manufacturing
environments and interact with humans
- Picking and
packaging segment dominated the market in 2016 since almost all types of
robotic machines are primarily used for picking and packaging
- Laboratory
applications are anticipated to propel significant growth over the
forecast period due to increasing laboratory automation and the need to
reduce the risk of human contamination
- Pharmaceutical
companies were the biggest contributors to the growth of the market in
2016 owing to a growing number of new drug development and clinical trials
- Asia Pacific
dominated the market in 2016 and is also anticipated to be the biggest
driver of growth due to high penetration of robotic machines in pharma
companies in countries such as China and Japan
- Some of the
key players include FANUC America Corporation; Kawasaki Heavy Industries,
Ltd.; ABB Ltd.; Seiko Epson Corporation; Denso Wave Inc.; Yaskawa Electric
Corporation; Universal Robots A/S; and Marchesini Group S.p.A.
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For
more information: http://www.grandviewresearch.com
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