Collaborative Pharmaceutical Robots Market

Analysis & Opportunity 2017-2024

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Collaborative Pharmaceutical Robots Market By Payload
Capacity (Up to 5kg, Up to 10kg, Above 10kg)
By Application(Assembly, Picking and Packaging, Inspection of
Pharmaceutical Drugs, laboratory Applications, Others) and
Region - Global Forecast to 2024
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.

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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.

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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.

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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.

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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.

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Key Players

Kawasaki Heavy Industries Ltd.,

Company Overview,
Key Product Offerings,
Business Strategy,
SWOT Analysis,
Financials,F
ANUC America Corporation, A
BB Ltd.,
Yaskawa Electric CorporationDenso Wave Inc.,
Seiko Epson Corporation,
Marchesini Group S.p.A,
Universal Robots A/S, S
hibuya Corporation

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