Pharma Robots Market to reach US$ 683.4 Million by the year 2032 at a notable CAGR of 15.2% in the forecast period 2022 to 2032 | Report by Future Market Insights, Inc.

NEWARK, Del: The global pharma robots market was worth US$ 188.6 Million in 2022 and is expected to reach US$ 683.4 Million by the year 2032 at a robust CAGR of 15.2% between 2022 and 2032.

Pharma robots come across as automated machines used in pharmacies and hospitals for delivering pharmaceuticals. The primary duties performed include mixing of medicines, delivery to patients, and counting of pills. Production of pharmaceuticals does benefit from the robotic systems with curtailed production downtime, higher manufacturing flexibility, enhanced safety and health, cost-effectiveness, improved product quality, and better management of waste.

With an upswing in demand for new medications and medicines, the key participants are emphasizing the increasing production of robots and automated equipment for meeting demand pertaining to precision and higher speed. As such, conventional robots like SCARA robots, Cartesian robots, and articulated robots would find accelerated use in the near future.

The major advantage of robots is that they are operational 24/7. The manufacturers of drugs, amidst fierce competition, are revolutionizing production processes through robotic technology. Universal Robots A.S. has its UR2 ROBOT that helps in placing and picking, lab analysis, and injection molding.

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At the same time, the fact that the market is struggling with efficient operators of pharma robots can’t be ignored. This factor may restrain the pharma robots market.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Pharma Robots Market’. It has its dedicated team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

“With growing demand for quicker turnaround times and precision, the global pharma robots market is expected to grow on an arduous note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Pharma Robots Market

• North America holds a sizable market share with the US being subject to the installation of robots at a larger scale. IFR states that more than 33K industrial robots are sold every single year.
• The Asia-Pacific holds more than 60% of the market share. This could be reasoned with regions like Japan housing more number of local pharmaceutical companies. China is also not behind. It did account for installation of close to 140,500 units of industrial robots in the year 2020 alone.
• Europe is expected to go steady in the pharma robots market in the forecast period on the back of Germany, Italy, Denmark, Belgium, and likewise.

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Competitive Pharma Robots

• Kawasaki Heavy Industries, in March 2020, did develop automatic PCR regarding Covid-19.
• ABB, in February 2021, came up with novel additions to its line-up of robots. The company, in the year 2020, did expect to see 90% increase in sales of robots in China and would rely on collaborative robots or cobots for the automation of pharmaceuticals.
• Jianjia Robots, in September 2021, did raise US$ 14.72 Million for completing clinical registration on the part of its joint replacement surgical robots along with research regarding new products.
• Multiply Labs has entered into a partnership with Thermo Fisher Scientific as well as Charles River Pharmaceuticals for automating the production of cell treatment. The company is armed with two additional pieces for automating manual elements of the cell therapy manufacturing process.
• Engel has bought the major stake in Poland-based TMA Automation. TMA is known for providing automation solutions for palletizing, in-mold labeling, quality inspection, and likewise. Engel would thus be in the position of delivering 100% automated and highly integrated injection molding production cells; whereas TMA would be focusing on the automation of in-mold labeling processes in the medium-performance area.

Key Companies Profiled

• ABB Ltd.
• Universal Robots
• Kawasaki Heavy Industries Ltd.
• Yaskawa Electric Corporation
• FANUC America Corporation
• Marchesini Group S.P.A
• Seiko Epson Corporation
• Denso Wave Incorporation
• Jianjia Robots

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Market Segments Covered In Pharma Robots Market Analysis

By Product Type:

• Traditional Robots
• Articulated Pharmaceutical Robots
• SCARA Pharmaceutical Robots
• Delta Pharmaceutical Robots
• Cartesian Pharmaceutical Robots
• Dual-arm Pharmaceutical Robots
• Collaborative Pharmaceutical Robots

By Application:

• Robots for Pricking and Packaging
• Robots for Inspection of Pharmaceutical Drugs
• Robots for Laboratory Applications

By End-Use:

• Robots for Pharmaceutical Companies
• Robots for Laboratories Applications

By Region:

• North America
• Latin America
• Europe
• APAC
• MEA

What does the Report say?

• The research study is based on product type (traditional robots (articulated pharmaceutical robots, ACARA pharmaceutical robots, delta pharmaceutical robots, Cartesian pharmaceutical robots, dual-arm pharmaceutical robots) and collaborative pharmaceutical robots), by application (robots for pricking and packaging, robots for inspection of pharmaceutical drugs, and robots for laboratory applications), and by end-use (robots for pharmaceutical companies and robots for laboratories applications).
• With the increasing demand for robotics in clinical trials, the global pharma robot market is expected to grow graciously in the forecast period.

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type

TOC continued…!

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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