The global Pharmaceutical Robots Market size is expected to reach USD 357.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2022 to 2030. The growing pharmaceutical industry and numerous benefits offered by robotic systems in product manufacturing, such as improved production output and product quality, increased production flexibility, lesser space utilization, no labor turnover, low operating costs, enhanced health, and safety, reduced production downtime, and better waste management, are driving the adoption of these products, thereby aiding the market growth.
According to an article published by Mint in April
2020, the adoption and usage of robotic technology are expected to increase in
India across all types of healthcare settings, despite their high prices, owing
to the availability of a smaller number of healthcare professionals for more
than 1.3 billion population. The market is seeing opportunities due to the
COVID-19 pandemic. Pharmaceutical companies looking to capitalize on prospects
in North America and Europe are increasingly turning to robots. According to
the Robotic Industries Association (IRA), orders for robots from North American
life science companies increased by 69% in 2020 compared to 2019.
The COVID-19 outbreak has prompted the pharmaceutical
industry to increase its use of robots to optimize procedures. Robots will
continue to be deployed in North America and Europe to cut the process's costs
and complexity. It has recently gained interest as a solution to medicine
shortages caused by production delays. Pharmaceutical companies are anticipated
to form partnerships with robotics solution providers to incorporate robotics
into manufacturing, medication development, and anti-counterfeiting procedures.
As companies increase their investments in the pharmaceutical sector, the use
of robots may grow in the coming years.
In 2021, the traditional robots product segment
accounted for the largest revenue share owing to its increasing adoption in
material handling, picking and packaging, palletizing, and
inspection. Collaborative robots are anticipated to register the
fastest growth rate during the forecast period. Many companies are replacing
traditional with collaborative robots or cobots, which are a combination of
humans and robotics. The adoption of cobots is significantly increasing as they
combine repetitive tasks of robots and the individual skills of humans to bring
efficiency to manufacturing processes. These machines are also cheaper and
easier to operate and maintain as compared to the traditional ones.
In 2021, the picking and packaging application segment
accounted for the largest revenue share and is anticipated to witness the
fastest growth during the forecast period. This growth can mainly be attributed
to the high demand for personalized packaging and benefits associated with this
segment, including high speed, efficient track and trace, and optimum
utilization of the floor space. In addition, all the traditional robotic
solutions are mainly used for picking and packaging. For instance, 6-axis
articulated robots such as VP-6242G and VS-068A2 developed by Denso Wave
Incorporated enable picking and packaging.
In 2021, the pharmaceutical companies end-use segment
accounted for the largest revenue share and is anticipated to register the
fastest growth rate during the forecast period. This is attributed to the
increasing usage of robotics in drug discovery and development. In addition,
pharmaceutical companies are involved in developing personalized medicine,
which further supports the growth of the segment. Research laboratories are
anticipated to witness significant growth during the forecast period owing to
the ability of these automated solutions to perform repetitive tasks, such as
moving test tubes and fluids, during drug discovery-related activities,
facilitating a high rate of consistency and accuracy.
In 2021, Asia Pacific dominated the market and is
anticipated to register the fastest growth rate during the forecast period. The
rise in the demand for the production of drugs and the development of robotic
machines for performing tasks with high speed, reduced risk of contamination,
accuracy, and optimum utilization of space among pharmaceutical companies is
boosting the regional market growth. Moreover, a rise in the number of
initiatives undertaken by the government to increase the adoption of industrial
robots is further aiding the regional market growth. For instance, in 2016, the
Chinese government launched the Robotics Industry Development Plan (2016-2020),
aimed at promoting robot applications to a wider range of fields and attracting
foreign investment, to develop 100,000 industrial robots produced by domestic
technology annually by 2020.
Related Press Release@ Pharmaceutical Robots Market Report
Pharmaceutical Robots Market
Report Highlights
- The market growth is attributed to various technological
advancements and increasing investments in the robotics sector
- In terms of product, traditional robots dominated the market in
2021 owing to the availability of different types of traditional products
for specific applications
- Based on application, the picking and packaging segment dominated
the market in 2021 owing to a rise in demand for personalized packaging
- By end-use, pharmaceutical companies dominated the market in 2021
owing to the rapid rate of drug discovery and high investments by the
companies
- Asia Pacific dominated the market in 2021 owing to the booming
pharmaceutical and industrial robotics market in the region
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in San Francisco. The company provides syndicated research reports, customized
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relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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