According to the new market research report “Pharmaceutical Robots Market by Type (Traditional Robots (Articulated Robots, SCARA Robots, Delta Robots, Cartesian Robots), Collaborative Robots), Application (Picking and Packaging, Laboratory Applications) – Global Forecast to 2021“, published by MarketsandMarkets™, The pharmaceutical robots market is projected to reach USD 119.5 Million by 2021 from USD 64.4 Million in 2016, at a CAGR of 13.2%. The growth of this market can be attributed to benefits offered by robotic systems in pharmaceutical manufacturing.
This report studies the global pharmaceutical robots market for the forecast period of 2016 to 2021. This market is expected to reach USD 119.5 Million by 2021 from USD 64.4 Million in 2016, at a CAGR of 13.2% during the forecast period. The key factor driving the growth of the market is the benefits offered by robotic systems in pharmaceutical manufacturing.
The global pharmaceutical robots market is segmented on the basis of type, application, and region.
Based on type, the market is segmented into traditional robots and collaborative robots. The traditional robots segment is expected to command the largest share of the global market. The traditional robots segment is further categorized into articulated, SCARA (selective compliance articulated robot arm), delta/parallel, Cartesian, and other robots (which include spherical and dual-arm robots). The articulated robots segment accounted for the largest share of the global pharmaceutical traditional robots market in 2016.
On the basis of application, the global pharmaceutical robots market is segmented into picking and packaging, inspection of pharmaceutical drugs, and laboratory applications. In 2016, the picking and packaging segment accounted for the largest share of the global pharmaceutical robots market. Factors such as demand for personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, ability to track and trace, error-free operation, fewer accidents, and better utilization of the floor space are contributing to the large share of the picking and packaging segment.
Marketing and promotions; expansions; agreements, alliances, collaborations, & partnerships; and product launches were the major strategies adopted by key players to achieve growth in this market. Marketing and promotions accounted for 31.4% of the total strategies adopted by the players in this market. This strategy was adopted by players to increase their presence in the market. The key players that adopted this strategy are Kawasaki Heavy Industries Ltd. (Japan), KUKA AG (Germany), Seiko Epson Corporation (Japan), Marchesini Group s.p.a (Italy), and Universal Robots A/S (Denmark). For instance, in September 2016, Marchesini Group s.p.a (Italy) was present at the Taropak 2016 held in Poznañ, Poland, which is one of the key national exhibition venues for pharmaceutical packaging. The participation of the company was aimed to strengthen its presence in Poland, a growing market for the company. In August 2014, Universal Robots A/S (Denmark) was present at the RoboBusiness held in October 2014 in Boston, U.S. The company released a new generation of robots – R5 and UR10 robots at RoboBusiness, making it even safer for humans and robots to collaborate.
Get More Details @ https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-robot-market-210985096.html
The pharmaceutical robots market is dominated by Kawasaki Heavy Industries Ltd. (Japan), FANUC Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), ABB Ltd. (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Marchesini Group s.p.a (Italy), Universal Robots A/S (Denmark), Yaskawa Electric Corporation (Japan), and Shibuya Corporation (Japan).
