Market Analysis: Global Pharmaceutical Robots Market
The pharmaceutical robots market accounted to USD 65.3 million in 2016 growing at a CAGR of 13.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Pharmaceutical Robots Market
The pharmaceutical robots are the robots used in the pharmaceutical industries to carry out pharmaceutical manufacturing tasks more consistently and cost-effectively than manual labor. The pharmaceutical robots have advantages such as accurate and precise results are performed coupled with zero rates of error.
Major market drivers and restraints:
- Rising personalized packaging demand
- Error free operation in pharmaceutical industries
- Increased demand of robots for increased packaging efficiency
- Reduced operation cost
- High initial investment
Market Segmentation: Global Pharmaceutical Robots Market
The traditional robot market is further sub segmented into articulated robots, scara robots, delta robots and cartesian robots.
By application, the market is segmented into picking and packaging, laboratory applications.
On the basis of geography, pharmaceutical robots market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Pharmaceutical Robots Market
Pharmaceutical robots market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical robots market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Pharmaceutical Robots Market
Some of the major players operating in pharmaceutical robots market are Kawasaki Heavy Industries, Ltd., DENSO CORPORATION, ABB, Universal Robots A/S, Mitsubishi Electric Corporation, Seiko Epson Corporation, Marchesini Group S.p.A., SHIBUYA CORPORATION, YASKAWA ELECTRIC CORPORATION, Krones AG, Remtec Automation, LLC, KUKA Aktiengesellschaft, Robert Bosch GmbH among others.
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 drop down your enquiry.
Demand Side Primary Contributors: Doctors, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.