PHARMACEUTICAL ROBOTS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing investments in research and development activities by manufacturers is expected to boost growth of the pharmaceutical robots market. For instance, UR3 Robot launched by Universal Robots in March 2015 is cost-effective and small in size as compared to other robots such as SCARA and Cartesian robots. China-based Guangzhou Pharmaceutical Holdings Ltd., is working on replacing conventional robotic machines with collaborative robots, owing to their high efficiency and flexibility. Guangzhou pharmaceuticals collaborated with Midea Group Co. in 2017 to bring fully automated dispensing robots that can pick, package, and distribute pills at hospitals and drugstores. Japan-based Kawasaki Heavy Industries Ltd., plans to offer surgical robots in 2019 to California based Omnicell Inc, which markets automatic medication dispensing systems. Increasing demand for specific packaging configuration and useful factors of robots in pharmaceutical manufacturing such as accuracy, high speed, zero error operations, and better utilization of space are also driving the growth of the pharmaceutical robots market. High reliability, enhanced safety, significant financial savings, and relentless continuous work in any environment are some others applications of robots, which are expected to drive growth of the global pharmaceutical robots market. However, high initial investment for automation of pharmaceutical industry is restraining growth of the market.