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Collaborative Pharmaceutical Robots Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-463 Category: ICT & Electronics

Collaborative Pharmaceutical Robots Market Overview

Collaborative pharmaceutical robots are referred to a robot which is designed to assist human beings as an assistor in a specific task. Collaborative pharmaceutical robots are designed for assisting various operations in the pharmaceutical industry such as assembling, picking and packaging, inspection of pharmaceutical drugs and others.

Market Size and Forecast

Global collaborative pharmaceutical robots market is anticipated to flourish at a robust growth over the forecast period i.e. 2017-2024. Further, the market of collaborative pharmaceutical robots is riding on the back of various factors such as growing adoption of collaborative robots by pharmaceutical industry to lower down the operational cost, improve quality and operational flexibility. Additionally, rising regulations related with human safety in pharmaceuticals industry is projected to fuel the demand for collaborative pharmaceutical robots.

collaborative pharmaceutical

On the basis of application, the global collaborative pharmaceutical robots market is segmented into assembly, picking and packaging, inspection of pharmaceutical drugs, and laboratory applications. Further, the picking and packaging segment is expected to dominate the overall segment by the end of 2024. Likely, this growth of picking and packaging segment is attributed to increasing demand for personalized packaging.

On the basis of regional platform, the most prominent regional markets are North America and Europe. North America region is expected to dominate the market during the forecast period aided by U.S. Further, rising technological advancement and increasing research and development activities related with drugs are believed to bolster the growth of collaborative pharmaceutical robots market in this region.

Europe region captured the second largest market of collaborative pharmaceutical robots in terms of revenue in 2016. Further, Western Europe countries such as U.K., Germany and others are believed to be the major countries witnessing the augmented demand for collaborative pharmaceutical robots. This augmented demand is attributed to the rising drug discovery and clinical trials. Moreover, presence of major key players such as Universal Robots GmbH in Europe region is envisioned to propel the growth of collaborative pharmaceutical robots market.

Asia-Pacific region is believed to the fastest the growing collaborative pharmaceutical robots market during the forecast period owing to rapid urbanization and low price of collaborative pharmaceutical robots compared to traditional robots. Japan and China are the major countries driving the growth of collaborative pharmaceutical robots market in this region due to high adoption of pharmaceutical robots to minimize human errors.

Market Segmentation

Our in-depth analysis has segmented global collaborative pharmaceutical robots market into the following segments:

By Payload Capacity

  • Up to 5kg
  • Up to 10kg
  • Above 10kg

By Application

  • Assembly
  • Picking and Packaging
  • Inspection of Pharmaceutical Drugs
  • laboratory Applications
  • Others

Collaborative Pharmaceutical Robots Market

By Region

Global collaborative pharmaceutical robots market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Factors such as increasing drug development activities and growing adoption of innovative technology to curb the operational cost and human errors are envisioned to be the dynamic factor behind the rapid growth of collaborative pharmaceutical robots market. Further, increasing regulation regarding human safety in pharmaceutical industry is projected to boost the demand for collaborative pharmaceutical robots across the globe.

Moreover, low cost associated with collaborative pharmaceutical robots and growing implementation of collaborative pharmaceutical robots for material handling & packaging, quality testing and others are predicted to foster the growth of collaborative pharmaceutical robots market by the end of 2024. Additionally, the various factors propelling the growth of collaborative pharmaceutical robots market includes rising labor cost, rising per capita income of developing nations and adoption of collaborative pharmaceutical robots by small and medium-sized enterprises.

However, high initial investment associated with the installation of collaborative pharmaceutical robots is anticipated to dampen the growth of global collaborative pharmaceutical robots market over the forecast period. Moreover, high maintenance associated with collaborative pharmaceutical robots is expected to hamper the growth of this market.    

Key Players

  • Kawasaki Heavy Industries Ltd.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • FANUC America Corporation
  • ABB Ltd.
  • Yaskawa Electric Corporation
  • Denso Wave Inc.
  • Seiko Epson Corporation
  • Marchesini Group S.p.A
  • Universal Robots A/S
  • Shibuya Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global collaborative pharmaceutical robots market is segmented as follows:

  • By Payload Capacity Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?
 

 

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