Pharmaceutical Robots Market are widely used in pharmaceutical industry so that work can be done faster and quicker. These machines provide accurate and precise results with zero rates of error. Pharmaceutical robots are very useful in packaging and transferring of materials like diagnostics kits and essays. These machines also assist the drug manufacturer in research activities related to drug discovery, development and inspection.
Global Pharmaceutical Robots Market is expected to rise from its initial estimated value of USD 82.85 million to an estimated value of USD 227.36 million by 2026, registering a CAGR of 13.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand of robots for increased packaging efficiency
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Competitive Analysis: Global Pharmaceutical Robots Market
Few of the major competitors currently working in Global Pharmaceutical Robots Market are Kawasaki Heavy Industries, Ltd, FANUC CORPORATION, KUKA AG, Mitsubishi Electric Corporation, ABB, DENSO CORPORATION, Seiko Epson Corporation, Marchesini Group S.p.A., Universal Robots, YASKAWA ELECTRIC CORPORATION., SHIBUYA CORPORATION, Krones AG, Remtec Automation, LLC and Robert Bosch GmbH.
Key Pointers Covered in the Global Pharmaceutical Robots Market Trends and Forecast to 2026
- Global Pharmaceutical Robots Market New Sales Volumes
- Global Pharmaceutical Robots Market Replacement Sales Volumes
- Global Pharmaceutical Robots Market Installed Base
- Global Pharmaceutical Robots Market By Brands
- Global Pharmaceutical Robots Market Size
- Global Pharmaceutical Robots Market Procedure Volumes
- Global Pharmaceutical Robots Market Product Price Analysis
- Global Pharmaceutical Robots Market Healthcare Outcomes
- Global Pharmaceutical Robots Market Cost of Care Analysis
- Global Pharmaceutical Robots Market Regulatory Framework and Changes
- Global Pharmaceutical Robots Market Prices and Reimbursement Analysis
- Global Pharmaceutical Robots Market Shares in Different Regions
- Recent Developments for Global Pharmaceutical Robots Market Competitors
- Global Pharmaceutical Robots Market Upcoming Applications
- Global Pharmaceutical Robots Market Innovators Study
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Key Developments in the Market:
- In January 2017, UAE announced the launch of their first robot pharmacy that will prescribe the medication just in click of the button. It can dispense up to 12 prescriptions in less than a minute and it will be paper free process as the robot will save automatically as soon as doctor documents it automatically.
- In October 2018, OMRON Corp. has announced the launch of TM series collaborative robot family in 40 countries to provide them moderate working environment. . This machine will have some common solutions like picking, packing, and screw driving. OMRON will also release a “mobile-compatible” model which can convert into LD series autonomous mobile robots.
- Increasing demand for personalized packaging among consumer is driving market
- Rising awareness of robotic system in pharmaceutical industry.
- Increasing investment cost is restraining market.
- Lack of skilled and trained professional is another major factor restraining the growth.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Research Methodology: Global Pharmaceutical Robots Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
- The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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