Global Pharmaceutical Robots Market Analysis
Overview
Laboratory robotics is the use of robots in life science, chemical, and pharmaceutical laboratories to perform tasks beyond human capabilities, such as continuous productivity and safe behavior. Laboratory automation is a prominent part of the field of robotics. Robots perform tasks three to four times faster than humans and can work up to 24 hours a day. They can produce a large number of products in a short period of time, such as medicines. The robot can work with high precision, which is beyond the precision that any human being can provide. Automation in the pharmaceutical industry reduces labor and production costs. Advanced robotic technology can be used to automate laboratory processes such as pick/place, liquid and solid addition, heating, cooling, mixing, and agitation. Due to the high degree of flexibility and reliability, pharmaceutical companies are increasingly using robots for the sorting, distribution, and assembly of drug kits, which has promoted the growth of the global pharmaceutical robots market.
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Drivers
The continued progress of pharmaceutical robots is expected to promote the growth of the global pharmaceutical robots market. Increased investment by manufacturers in R&D activities is expected to promote the growth of the global pharmaceutical robots market. Compared with other robots such as SCARA and Cartesian robots, the UR3 robot launched by Universal Robots in March 2015 has the advantages of cost-effectiveness and small size. China Guangzhou Pharmaceutical Holdings Co., Ltd. is working to replace traditional robotic machines with collaborative robots due to its high efficiency and flexibility. Guangzhou Medicine cooperated with Midea Group in 2017 to provide a fully automatic dispensing robot that can collect, pack and distribute pills in hospitals and pharmacies. Japan-based Kawasaki Heavy Industries Co., Ltd. plans to provide surgical robots to California-based Omnicell Inc., which sells automatic dispensing systems, in 2019. Pharmaceutical robots’ increasing demand for specific packaging configurations and useful factors such as precision, high speed, zero error operation and better space utilization have also promoted the growth of the global pharmaceutical robots market. High reliability, higher safety, significant financial savings, and tireless continuous work in any environment are some other applications of robots that are expected to drive the growth of the global pharmaceutical robots market.
Restraints
The high initial investment in automation in the pharmaceutical industry is limiting the growth of the market.
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Regional Analysis
Due to the existence of leading robot manufacturers, the Asia-Pacific region is expected to gain a considerable market share in the global pharmaceutical robots market during the forecast period. The presence of major manufacturers in the Asia-Pacific region, such as Kawasaki Heavy Industries, which provides MC004N and MS005N, and Mitsubishi Electric, which provides RH3SDHR SCARA robots capable of high speed operation, is expected to support market growth in this region. Major market participants actively participate in exhibitions and conferences to increase the visibility of their products. International Robotics and Control Automation Conferences held in Singapore in 2015, Hong Kong in 2016, and Japan in 2017 to commercialize robots on a large scale. The participation of major players in such activities is expected to increase the adoption of robots in the pharmaceutical industry, which is expected to drive market growth during the forecast period. In addition, Tokyo-based SoftBank invested $ 114 million in robotics in 2017.
According to data from the Packaging and Processing Technology Institute (PMMI), in 2018, robots are expected to handle 34% of the pharmaceutical packaging business of North America. Due to its high precision, consistency and low pollution risk, it is expected that the percentage of work completed by robots will further increase in the near future. In order to work harder, more robots are needed to support the growth of the global pharmaceutical robots market in major pharmaceutical markets such as the U.S., China and Japan.
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Competitive Landscape
Major companies contributing in the global pharmaceutical robots market are ABB Ltd., Mitsubishi Electric Corporation, FANUC Corporation, Marchesini Group S.p.A., Kawasaki Heavy Industries, Ltd., Midea Group Co., Yaskawa Electric Corporation, Universal Robots A/S, and Seiko Epson Corporation.
Table of Content
Global Pharmaceutical Robots Market Research Report
Section 1: Global Pharmaceutical Robots Industry Overview
Section 2: Global Economic Impact on Pharmaceutical Robots Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Pharmaceutical Robots Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Pharmaceutical Robots Market Forecast
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