Europe Pharmaceutical Robots Market Key Players and Opportunities by 2028

The Europe pharmaceutical robots market is expected to grow from US$ 40.45 million in 2021 to US$ 95.30 million by 2028; it is estimated to grow at a CAGR of 13.0% from 2021 to 2028.

Pharmaceutical and biotechnology companies focus on research and development (R&D) to develop new molecules for various therapeutic applications with the greatest medical and commercial potential. The companies invest large amounts in R&Ds to deliver high-quality and innovative products to the market. Drug development and discovery are time-consuming and expensive processes. However, pharmaceutical robots help pharmaceutical companies reduce costs and increase efficiency in the drug discovery process. Many repetitive tasks, such as moving fluids and test tubes, are performed in the research and development of drugs. In such a scenario, robots are used to automate the process as they offer a high level of accuracy and consistency. As a result, scientists can avoid menial tasks and focus on more meaningful activities, such as drug development research. Therefore, the increasing expenditure on research and development in pharmaceutical and biotechnology companies to save cost and time and to improve the drug discovery process propels the growth of the pharmaceutical robots market
 

As the coronavirus cases increase in the area, many countries are fighting to control the disease's spread. Artificial intelligence (AI) and machine learning represent a crucial part in better knowing and discussing the COVID-19 crisis. Machine learning technology permits computers to mimic human intelligence and ingest large volumes of data to identify patterns and insights quickly. In the fight toward COVID-19, associations have been instantaneous to utilize their machine learning expertise in several areas, such as scaling customer connections and knowing COVID-19 spreads and speeds up research and medication. The researchers recorded an elevated selection and use of AI in scientific and medical research, particularly in applications such as medical diagnosis, telemedicine, epidemiological studies, and clinical management of patients. There was also a shift in approaches towards AI and data distribution. According to the study, the crisis occurred in a comprehensive agreement of robots in the workplace and data distribution to monitor the virus's spread. In March 2020, Robotiq launched a pandemic initiative called Cobots vs. COVID. The program aims to help essential goods manufacturers such as medical equipment, pharmaceuticals, and others, rapidly increase their production by deploying cobot cells.  Such initiatives in the region open a window of opportunities for the market players involved in the pharmaceutical robots market.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe pharmaceutical robots market. Several conferences, workshops, and exhibitions are being held across the region to spread the awareness of robotic systems. For instance, GlaxoSmithKline, has collaborated with other pharmaceutical companies to assess the robotic platforms for precise, automated dispensing of solids and AstraZeneca has worked on combined efforts to improve the measurement and prediction of active pharmaceutical ingredient (API) solubility. Also, the Digital Robot Pharma Fab Workshop was held in June 2019 in Amsterdam, The Netherlands. The workshop demonstrated the applications of robotics in the pharmaceutical industry and introduced the advantages and risks associated with it. The workshop included lectures and hands-on training by mock-ups and live activities presented in the exhibition hall. Moreover, on April 20–21, 2021, Scientific Program Planning Committee and Parenteral Drug Association (PDA) Europe held PDA Robotics and Automation Conference, a virtual event. Its theme was “Challenges and Opportunities of Robotics and Automation—A Paradigm Shift within the Pharma Industry”. Thus, the growing conferences, workshops, and exhibitions to create awareness regarding pharmaceutical robots propel the growth of the pharmaceutical robots market in Europe.
 

Europe Pharmaceutical Robots Market Segmentation

• Europe Pharmaceutical Robots Market – By Product
  • Collaborative Pharmaceutical Robots
  • Traditional Robots
• Europe Pharmaceutical Robots Market – By Application
  • Inspection of Pharmaceutical Drugs
  • Laboratory Applications
  • Picking and Packaging
• Europe Pharmaceutical Robots Market – By End User
  • Pharmaceutical Companies
  • Research Laboratories
  • Contract Research Organizations
• Europe Pharmaceutical Robots Market – By Country
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Europe Pharmaceutical Robots Report Scope