In the present era, with the significant increase in the population the medical technology needs an effective degree of efficiency and precision in the introduction of parts for the medical purposes. Moreover, as the demand for the efficient for new drugs and medicines increases, pharmaceutical companies are uninterruptedly looking for new ways to rise the outcomes, leading to an augmented reliance on automated equipment and robotics. The implementation of the robots in pharma has actually been lagging other industries for the several reasons. Furthermore, many of the players in this market are playing an important role while improving the robotics technologies for performing well and more effectively in the pharmaceutical markets which further increase the demand and efficiency of the robots in the pharmaceutical industry and leading the fastest market growth with the handsome amount of share across the globe in the near future more significantly.
According to the report analysis, ‘Global Pharmaceutical Robots Market Size Study, by Type (Traditional Robots (Articulated Robots, SCARA Robots, Delta Robots, Cartesian Robots), Collaborative Robots), by Application (Picking & Packaging, Drugs Inspection, Laboratory Applications), and Regional Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the highest value of market share around the globe more positively while developing the applications of the robots for functioning more significantly and actively in the pharmaceutical market which further decrease the human efforts of performing a task, decrease the cost of the product and increase the demand of the medicine around the globe more positively includes Denso Wave Inc., ABB Ltd., FANUC America Corporation, Seiko Epson Corporation, Universal Robots A/S, Marchesini Group S.p.A., Yaskawa Electric Corporation, KUKA AG, Mitsubishi Electric Corporation and several others. Moreover, many of the pharmaceutical companies are winding up with the IT companies for taking the advantages and benefits of the robots which further profitable for increase the market share and dominating the highest market share across the globe.
Global Pharmaceutical Robots Market industry appreciated approximately USD 136 million in 2016 is predicted to lead with a healthy growth rate of more than 14.8% over the forecast period of 2017-2025. Moreover, the global market of pharmaceutical robot is sectored into different markets which extensively involves type, application and region. Whereas, based on the type, the market is sub-divided into traditional robots and collaborative robots while, on the basis of application, the market is split into picking and packaging, drugs inspection and laboratory applications. Nevertheless, based on the region, the market is spread across the globe which majorly involves North America, Europe, Asia Pacific, Latin America and Rest of the World.
Additionally, the foremost factors fueling the growth are escalating numbers of drug discoveries, technological improvements, and clinical trials. Not only has this, the usage of automated machines anticipated to bolster the growth.Therefore, in the near future, it is anticipated that the market of pharmaceutical robots will increase more positively around the globe over the coming years.
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Ankur Gupta, Head Marketing & Communications