Pharmaceutical Robots Market Taxonomy
Pharmaceutical robots market is segmented on the basis of product type, application, end user, and geography.
Continuous advancement in pharmaceutical robots is expected to fuel growth of the global pharmaceutical robots market
Asia Pacific region is expected to gain significant market share in the global pharmaceutical robots market over the forecast period, owing to presence of leading robots manufacturer
Presence of key manufacturers in Asia Pacific region such as Kawasaki Heavy Industries offering MC004N and MS005N and Mitsubishi Electric Corporation offering RH-3SDHR SCARA robot, capable of high speed operations, is expected to support the growth of the market in this region. MC004N meets the healthcare industry’s processing equipment specifications for accuracy, consistency and cleanliness, making it ideal for assembly, dispensing, inspection and material handling applications. The MS005N clean robot helps prevent human errors, contamination risks, and exposure to High Potency Pharmaceutical Ingredients, such as anticancer drugs. Key players in the market are actively participating in exhibitions and conferences to increase the visibility of their product. International Conference on Control Automation and Robotics 2015 in Singapore, 2016 in Hong Kong, and 2017 in Japan to commercialize robots on a big scale. Participation of major players in such events is expected to increase the adoption of robots in pharmaceutical industry, which in turn is expected to propel growth of the market over the forecast period. Moreover, Tokyo-based Softbank invested US$ 114 million in robot technology in 2017.
According to the Association for Packaging and Processing Technologies (PMMI), 2018, robots are expected to handle 34% of pharmaceutical packaging operations in North America. This percentage of work handled by robots is expected to further increase in near future, owing to its high accuracy, consistency and low contamination risks. For more work, more robots will be required which will support the growth of the pharmaceutical robots market in key pharmaceutical markets such as U.S., China and Japan.
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