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Pharmaceutical Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product ; Application ; End User ; and Geography

Pharmaceutical Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product ; Application ; End User ; and Geography

  • August 2021
  • 188 pages
  • ID: 6154059
  • Format: PDF
  • The Insight Partners

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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.

Benefits offered by robots in pharmaceutical manufacturing, growing awareness of robotic systems in manufacturing process, increasing investments in pharmaceutical research and development drive the growth of the pharmaceutical robots market. However, high cost of robots and dearth of skilled labor hinders the market growth.

The pharmaceutical robot industry is growing at rapid pace in various countries.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.

Robotics offers automation in various pharmaceutical manufacturing processes, such as filling, packaging, and inspection.A few benefits of automation in pharmaceutical manufacturing are improving efficiency in manufacturing, decreasing labor cost, reducing time used for training labors, protecting employees from a hazardous environment, and eliminating the chances of human errors and human contamination.

Selective Compliance Assembly Robot Arm (SCARA) robots are used for common pick and place operations.Delta robots are also preferred for high-speed picking and packaging.

Parallel robots are used for dispensing, kit assembly, sorting, and light machine tending applications.The pharmaceutical industry has realized the potential of robots for diverse applications in the manufacturing process.

Merck employed a FANUC M-1iA delta robot on a bottling line, which places dispenser caps onto bottled allergy medications. FANUC M16iB is also used by laboratories for processing vials. Thus, the use of robots in the pharmaceutical industry helps improve the overall product quality and speeds up the entire process of production, which enables the industry to meet the ever-growing demand for new drugs. Hence, the benefits offered by robots in the pharmaceutical industry drive the growth of the global pharmaceutical robots market.

The pharmaceutical robots market is characterized by the presence of various small and big companies.The market players are adopting the strategies such as new product launch, geographic expansion, and technological advancements to increase their market share.

In March 2021, Yaskawa Electric Corporation launched a new hybrid Yaskawa cobot-MOTOMAN HC10DTF for food and pharmaceutical industries.The MOTOMAN HC10DTF fulfils the stringent hygienic requirements of the food and pharmaceutical industry pursuant to ISO Class 5 or EG-GMP Class A.

Similarly, in July 2020, Epson Robots has signed Olympus Controls, an engineering services provider that specializes in the integration of motion control, machine vision, and robotic technologies, as an official distributor of its automation products. Thus, advancements in pharmaceutical robots equipment continue to drive the pharmaceutical robots market growth.

Based on product, the pharmaceutical robots market is segmented into traditional robots and collaborative pharmaceutical robots.In 2020, the traditional robots segment held a larger share of the market.

The market 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.

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 held the largest share of the market in 2021 and is estimated to register the highest CAGR in the market during the forecast period.

Agency for Medical Research and Development (AMRD), Centers for Disease Control and Prevention (CDC), Canadian Institutes of Health Research (CIHR), Center for Global Development (CGD), Commonwealth Scientific and Industrial Research Organisation (CSIRO) are among the major secondary sources referred to while preparing the report on the pharmaceutical robots market.

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