WiseGuyRerports.com Presents “Pharmaceutical Robots Market, By Products (SCARA, Articulated, Traditional” New Document to its Studies Database
The report has been prepared upon conducting an extensive analysis of the ongoing trends of the industry. It provides a precise yet informative overview that includes a proper definition of the market, basic application, and various modes of manufacturing into account. For the study of complexities associated with the international Pharmaceutical Robots market, experts do analysed the competitive scenario along with the ongoing trends occurring in the market at the crucial domains. Apart from this, the report also provides a thorough analysis of the margin of different product segments, along with the challenges confronted by the producers in the market. In addition, the report provides significant analysis of the key factors having some effects on the global Pharmaceutical Robots market. On a whole, the report takes insight into the state of the market during the review period of 2020-2026, where the year 2020 is taken as the base year.
Driving factors and challenges
At the same time, providing a thorough insight into the basic dynamics of global Pharmaceutical Robots market, the report also does an extensive analysis of various volume trends upon taking the history of pricing into account, along with the market worth. Numerous factors causing growth, challenges, and scopes can also be analyzed for having a thorough understanding of the entire market.
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Key Players
Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kuka AG, ABB Ltd., Yaskawa Electric Corporation, Mitsubishi, Denso Wave Incorporated, and Universal Robots
Mode of Research
The report has been prepared upon taking various parameters that establish the Porter’s Five Force Model. In addition, the experts of data make use of the SWOT as per which the report provides exclusive detail regarding the growth of Pharmaceutical Robots market. Such deep and comprehensive analysis of the market is useful in terms of identification and enhancement of market strengths, challenges, scopes, and risks.
Market Dynamics
Automation has become an important part of pharmaceutical manufacturing. Automation in packaging and inspections offers benefits such as improve efficiency, reduce training overhead, eliminate human error and increase reproducibility. Pharmaceutical companies are gradually injecting more robotic systems into their operations due to its associated advantages. For instance, use of robotic systems can speed up high throughput screening (HTS) where millions of molecular compounds are tested to determine which could become new drugs. According to the Association for Packaging and Processing Technologies (PMMI), robotic technologies are projected to handle over 35% of pharmaceutical packaging operations in the U.S. by 2018, compared to 20% in 2013.
Therefore, companies are actively investing in robotic systems to automate the operations. For example, recently, in June 2017, Merck expanded its packaging capacity at Swiss biotech manufacturing site of Aubonne. This facility is equipped with fully automated and robotized logistic to support the growth of biotech medicine portfolio. Likewise, in November 2014, Argos Therapeutics partnered with Invetech to develop automated manufacturing systems for personalized immunotherapy. This system is based on Argos’ proprietary Arcelis technology platform and uses two & five-axis robotic arms in the production of the mRNA. Such facts are portraying the strong demand for these products in the medical industry. However, lack of expertise and high initial cost will hamper the industry growth to some extent.
Product Takeaway
Product wise, the market is segmented into SCARA, Articulated, Traditional, Cartesian, Dual-arm, and Collaborative Pharmaceutical Robots. Cartesian robots accounted for over 15% share of the global market and are projected to grow with 14.3% CAGR over the study period. Growing demand for Cartesian robots is majorly attributed to its low cost, although its restricted range of motions will limit product usage. On the flip side, collaborative robots will see greater adoption by pharmaceutical manufacturers as they are more capable in tough manufacturing settings.
Application Takeaway
Depending upon applications, the market is classified as Picking and Packaging, Laboratory Applications and Inspection of Pharmaceutical Drugs. The end-use industry is segmented into Research Laboratories and Pharmaceutical Companies. Research laboratories captured 32.1% share of the global market. Some of the work assisted by pharmaceutical robots in research lab includes assay analysis and automatic movement of test tubes.
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