The Pharma Robots Market revenues were estimated at US$ 168.2 Mn in 2021 and is anticipated to grow at a CAGR of 13.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 683.4 Mn.
Pharmaceutical Companies held the largest revenue share of 2/3rd in 2021 owing to the growing adoption by the manufacturing companies for contamination control. Pharmaceutical companies are rapidly collaborating with automation and robotics solution providers to incorporate these technologies into operation including drug discovery, production, and anti-counterfeiting.
Personalized medicine is one area where robotics is projected to become more prevalent in order to make it sustainable. Pharmaceutical companies have been working with the providers of automation and robotics towards their integration into processes including manufacturing, drug development, and anti-counterfeiting.
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For example, together Clemson University and Nephron Pharmaceuticals Corporation have launched a benchtop robot capable of filling, capping, and sealing sterile pre-filled syringes, saving money by averting drug overfill and reducing adulteration. Without robots, filling syringes remains a highly regulated process that must be carried out by specialized technicians in ISO-certified clean rooms. The robot is intended to assist hospitals and healthcare facilities in dealing with a scarcity of pre-filled syringes.
Key Takeaways from the Market Study
- Global Pharma Robots Market is expected to reach a market size of US$ 188.6 Mn by 2022.
- The Traditional Robots segment, is expected to account for the highest CAGR of 14.5% during the forecast period.
- United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 153.4 Mn during 2022 – 2032.
- The market in Japan is set to experience the highest CAGR of 16.1% during the 2022-2032 forecast period.
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Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Pharma Robots Market are focused on R&D to produce innovative technological solutions.
- In December 2021, the Marchesini Group-Neri Division’s BL-A309 was displayed at FCE Pharma, a flexible solution for Print&Check and serialization processes that allow users to swiftly install all of the major pharmaceutical traceability devices on the market, from laser printers to ink-jet technologies.
- In December 2021, Universal Robots launched a virtual pharma event, where managers, experts, and other professionals in the pharmaceutical and medical technology industries learned about the various possibilities that robots provide. Universal Robots can be promising in the pharmaceutical industry and are already generating a significant buzz in the market.
- In May 2021, Fanuc augmented its SCARA robot line to provide more reach and payload alternatives to companies that are looking to automate assembly, packaging, pick-and-place, and inspection processes. New models with payload capacities of 3, 6, and 20 kg are SR-3iA, SR-6iA, SR-12iA, and SR-20iA. The reach of the models ranges from 400 to 1,000 mm.
More Insights Available
The study reveals extensive growth in Pharma Robots Market in terms of Product Type (Traditional Robots and Collaborative Pharma Robots), Application (Picking and Packaging, Inspection of Pharmaceutical Drugs and Laboratory Applications), End-Use (Pharmaceutical Companies and Research Laboratories) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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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
Related Link :
https://ai.wiki/read-blog/79525
https://vherso.com/read-blog/25132
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