Report : North America Pharmaceutical Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Collaborative Pharmaceutical Robots and Traditional Robots), Application (Inspection of Pharmaceutical Drugs, Laboratory Applications, and Picking and Packaging), and End User (Pharmaceutical Companies, Research Laboratories, and Contract Research Organizations)
Traditional Robots Segment to Dominate North America Pharmaceutical Robots Market during 2021-2028
According to The Insight Partners market research study on “North America Pharmaceutical Robots Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product, Application, End User and Country,” is expected to reach US$ 35.83 million by 2028 from US$ 87.45 million in 2021. The market is estimated to grow at a CAGR of 13.6% from 2021 to 2028. The report provides trends prevailing in the North America pharmaceutical robots market along with the drivers and restraints pertaining to the market growth. Benefits offered by robots in pharmaceutical manufacturing, growing awareness of robotic systems in manufacturing process and increasing investments in pharmaceutical research & development are major factors driving the growth of the North America pharmaceutical robots market. However, high cost of robots and dearth of skilled professionals in automated manufacturing units may hinder the growth of North America pharmaceutical robots market.
In August 2020, the National Institutes of Health launched the Medical Imaging and Data Resource Center (MIDRC) to use artificial intelligence in medical imaging to fight COVID-19. The collaboration was headed by the National Institute of Biomedical Imaging and Bioengineering (NIBIB), part of NIH, which will develop new methods that physicians can use for early discovery and personalized therapies for COVID-19 patients. Covid-19 has tremendously increased awareness of the benefits of automation within the pharmaceutical industry. In this pandemic, it is important to increase pharmaceutical production without compromising quality and safety. Flexible, modular automation enables pharmaceutical companies to increase production safely and to build lines faster and in a more scalable way. As per the Robotic Industries Association (RIA), a group focused on the robotics industry, orders for robots from the North American life sciences companies increased by 69% in 2020 compared to 2019 and is expected to increase further in 2021.
The market for North America pharmaceutical robots is segmented into product, application, end user and country. Based on product, the market is segmented into collaborative pharmaceutical robots, and traditional robots. The traditional robots segment is further sub-segmented into delta robots, articulated robots, cartesian robots, SCARA robots and others. In 2021, the traditional robots segment held the largest share in North America pharmaceutical robots market. Based on application, the North America pharmaceutical robots market is divided into inspection of pharmaceutical drugs, laboratory applications, and picking & packaging. The inspection of pharmaceutical drugs segment is expected to be the fastest growing segment over the forecast period. Based on end user, the market is segmented into pharmaceutical companies, research laboratories and contract research organizations. In 2021, the pharmaceutical companies segment held the largest share in North America pharmaceutical robots market. Based on country, the North America pharmaceutical robots market is divided into US, Canada and Mexico. In 2021, US held the largest share in North America pharmaceutical robots market. Furthermore, in this present scenario of COVID 19 pandemic, the North America pharmaceutical robots market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for pharmaceutical robots.
ABB, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Universal Robots, Marchesini Group S.p.A, Denso Corporation, Fanuc Corporation, Seiko Epson Corporation, Shibuya Corporation, and Weiss GmbH are some of the leading companies in the North America pharmaceutical robots market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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