Pharmaceutical Robots Market to Grow at a CAGR of 13.4% to reach US$ 383.91 million from 2021 to 2028

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Pharmaceutical Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Collaborative Pharmaceutical Robots, and Traditional Robots); Application (Inspection of Pharmaceutical Drugs, Laboratory Applications, and Picking and Packaging); End User (Pharmaceutical Companies, and Contract Research Organizations); and Geography

Publication Month: Aug 2021 | Report Code: TIPMD00002342 | No. of Pages: No. of Pages188 | Category: Medical Device | Status: Published

The pharmaceutical robots market is projected to reach US$ 383.91 million by 2028 from US$ 159.23 million in 2021; it is expected to grow at a CAGR of 13.4% from 2021 to 2028.

Pharmaceutical industry requires efficient and precise precision in production of pharmaceutical drugs. Thus, using robots in pharmaceutical manufacturing improves quality and reduces cost and time. Robots are proving advantageous in filling, inspection, packaging, laboratories, and the manufacture of personalized medicine. A robotic system is a type of automation that has multiple axes of motion and can be programmed to perform any function.

The report offers insights and in-depth analysis of the pharmaceutical robots market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes the impact of the COVID-19 pandemic on the market across all the regions. The impact of the pandemic and decreasing global research activities have also harmed the operations and financial execution of several companies in the pharmaceutical robots market. The OIE, the World Organization for Animal Health aids research for their on-going research and other implications of COVID-19 for animal health and poultry public health. The organization also helps in risk assessment, risk management, and risk communication. The OIE has deployed an Incident Coordination System to coordinate these activities. Moreover, the COVID-19 pandemic and consequent lockdown impositions have significantly impacted the livestock and poultry sectors in different countries in the world. The demand–supply gap is found to decrease gradually with the opening-up of market chains and additional steps taken by the local administrations in plugging the bottlenecks in delivery systems. It is further envisaged that the impact would continue to be long-standing and will have great bearing on the livelihood, employment, and overall economy of the sector. The pharmaceutical robots market is segmented on the bases of dosage, disease, technology, and region. The market, based on region, is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Lucrative Regions for Pharmaceutical robots Market

Lucrative Regions for Pharmaceutical robots Market

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Market Insights

Rising Trend of Cloud Robotic

Cloud robotics is an emerging field of robotics rooted in cloud computing, cloud storage, and other Internet technologies centered on the benefits of converged infrastructure and shared services. Connecting robots to the cloud increase computational power, storage, and communications. Cloud robots communicate with each other and thus operations are carried out easily.

The Google Cloud Robotics Platform combines AI, robotics, and the cloud to enable the opening of an ecosystem of automation solutions that use cloud-connected collaborative robots. Along with AI and machine learning services, the robots will be able to efficiently carry out processes in highly dynamic environments in the manufacturing industry. Moreover, in the industry, the cloud is an ally for processing a large amount of data. For instance, Exscientia and Celgene, a biopharmaceutical company, announced a €19.64 million deal in 2019 to speed up the discovery of medications for cancer and autoimmune illnesses. In 2020, it also announced a collaboration with other firms to find possible COVID-19 medications. As a result, the company now has access to a package of molecules, including medications and other chemicals, that have been successfully tested in humans. The company intended to scan the list for any medications that could be able to combat the virus. Exscientia's technology scans the large databases and can accurately predict which compounds do not generate side effects to reach the desired goal. Similarly, in 2020, another pharmaceutical company, Boehringer Ingelheim, partnered with a biotech company, Click Therapeutics, to produce $500 million in digital treatments. More precisely, both firms planned to collaborate on the development and distribution of a mobile application to help schizophrenia patients with cognitive deficiencies. Also, IBM has created RoboRXN, a chemical laboratory that uses AI, cloud computing, and robotics to develop drugs from the researchers' own homes.

Cloud-based software, with appropriate security protocols, can be adopted to facilitate integration and automation. Its use helps reduce the paperwork of the companies, making data manageable. Thus, cloud robotics is expected to become the trend in the pharmaceutical robot market in the future.

Product -Based Insights

Based on product, the pharmaceutical robots market is segmented into collaborative pharmaceutical robots, and traditional robots. In 2021, collaborative pharmaceutical robots segment is estimated to account for the largest market share, whereas traditional robots is expected to witness the highest CAGR in the market during the forecast period. The growth of this segment is attributed to the increase in the use of robots in dispensing, sorting, kit assembly, and light machine-tending as well as in more traditional applications associated with packaging and others.

Pharmaceutical Robots Market, by Product – 2020 and 2028

Pharmaceutical Robots Market, by Product – 2020 and 2028

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Application-Based Insights

Based on application, the pharmaceutical robots market is segmented into inspection of pharmaceutical drugs, laboratory applications, and picking and packaging. The inspection of pharmaceutical drugs segment would hold the largest share of the market in 2021 and is estimated to register the highest CAGR in the market during the forecast period.

End-User-Based Insights

Based on end user, the pharmaceutical robots market is segmented into pharmaceutical companies, research laboratories, and contract research organizations. The pharmaceutical companies segment would hold the largest share of the market in 2021, whereas the research laboratories segment is estimated to register the highest CAGR in the market during the forecast period

Strategic Insights

Report Coverage - Pharmaceutical Robots Market
Report CoverageDetails
Market Size Value inUS$ 159.23 Million in 2021
Market Size Value byUS$ 383.91 Million by 2028
Growth rateCAGR of 13.4% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages188
No. of Tables115
No. of Charts & Figures76
Historical data availableYes
Segments coveredProduct ; Application ; End User ; and Geography
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The pharmaceutical robots market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide as well as to meet the growing demand.


By Product

  • Collaborative Pharmaceutical Robots
  • Traditional Robots
    • Delta Robots
    • Articulated Robots
    • Cartesian Robots
    • SCARA Robots
    • Others

By Application

  • Inspection of Pharmaceutical Drugs
  • Laboratory Applications
  • Picking and Packaging

 

By End User

  • Pharmaceutical Companies
  • Research Laboratories
  • Contract Research Organizations

By

Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • ABB Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Yaskawa Electric Corporation
  • Universal Robots A/S
  • Marchesini Group S.p.A
  • Denso Corporation
  • Fanuc Corporation
  • Espon India Pvt. Ltd.
  • Shibuya Corporation
  • Weiss GmbH

Frequently Asked Questions

Pharmaceutical industry requires efficient and precise precision in production of pharmaceutical drugs. Thus, using robots in pharmaceutical manufacturing improves quality and reduces cost and time. Robots are proving advantageous in filling, inspection, packaging, laboratories, and the manufacture of personalized medicine. A robotic system is a type of automation that has multiple axes of motion and can be programmed to perform any function.Pharmaceutical industry requires efficient and precise precision in production of pharmaceutical drugs. Thus, using robots in pharmaceutical manufacturing improves quality and reduces cost and time. Robots are proving advantageous in filling, inspection, packaging, laboratories, and the manufacture of personalized medicine. A robotic system is a type of automation that has multiple axes of motion and can be programmed to perform any function.
The growth of the market is attributed to benefits offered by robots in pharmaceutical manufacturing, growing awareness of robotic systems in manufacturing process, increasing investments in pharmaceutical research and development. However, the high cost of robots and dearth of skilled professional hinder the market growth.
The types of pharmaceutical robots are collaborative pharmaceutical robots, and traditional robots. The traditional robots are segmented into delta robots, articulated robots, cartesian robots, scara robots, and others.

The List of Companies - Pharmaceutical Robots Market

  1. ABB Ltd.
  2. Kawasaki Heavy Industries, Ltd.
  3. Yaskawa Electric Corporation
  4. Universal Robots A/S
  5. Marchesini Group S.p.A
  6. Denso Corporation
  7. Fanuc Corporation
  8. Espon India Pvt. Ltd.
  9. Shibuya Corporation
  10. Weiss GmbH
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the pharmaceutical robots.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global pharmaceutical robots, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
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