Pharmaceutical Robots Market in China : Share, Analysis, Market Forecast And Growth Research Report
The global pharmaceutical robots
market is expected to reach US$ 344.4 Mn in 2027 from US$ 110.8 in 2018. The market
is estimated to grow with a CAGR of 13.6% from 2019-2027.
The key
factors that are driving the growth of the significant benefits offered by
robots in pharmaceutical manufacturing, growing awareness of robotic systems in
the manufacturing process, increasing investments in pharmaceutical research
and development are boosting the market over the years. In addition, the growth
opportunities in emerging nations are likely to have a positive impact on the
growth of the market in the coming years.
There
are several conferences, workshops, and exhibitions being held across the globe
in order to increase the awareness of robotic systems. For instance, 5th World
Congress on Automation and Robotics was held in April 2018, at Las Vegas, USA.
The conference aimed at growing awareness and share the knowledge of advanced
technology amongst the professionals, industrialists, and students from the
research area of Automation & Robotics. Furthermore, Pittcon 2018 was held
in February 2018 at Orlando, Florida. The conference focused on the latest developments
in technology, assisting analysis and automation in pharmaceutical research.
For instance, GlaxoSmithKline, who has collaborated with other pharmaceutical
companies to assess the robotic platforms for precise, automated dispensing of
solids and AstraZeneca has who have worked on combined efforts to improve the
measurement and prediction of API solubility. Thus the growing conferences,
workshops, and exhibitions for pharmaceutical robots drive the market growth
during the forecast period.
Global pharmaceutical robots market was segmented by product, application, and
end user.
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Robots Market @
The
product segment was further divided as collaborative robots and traditional
robots. On the basis of application, the market is segmented into the
inspection of pharmaceutical drugs, laboratory applications, and picking and
packaging. Based on the end user, the pharmaceutical robots market is segmented
into pharmaceutical companies and research laboratories. The pharmaceutical
companies held a major market share among the end user segment owing to the
growing geriatric population across the globe.
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Some of
the major primary and secondary sources included in the report for the
pharmaceutical robots market are Natural Sciences and Engineering Research Council
of Canada, International Trade Administration (ITA), International Federation
of Robotics (IFR), Agency for Medical Research and Development (AMRD), Centers
for Disease Control and Prevention, Commonwealth Scientific and Industrial
Research Organization (CSIRO) and others.
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