The collaborative pharmaceutical robots market is segmented by applications into assembly, picking & packaging, inspection of pharmaceuticals drugs, laboratory applications and others. Among these segments, the picking & packaging is anticipated to dominate the overall collaborative pharmaceutical robots market over the forecast period. This can be attributed to increasing demand for personalized packaging. Further, the rising regulations with respect to human safety in pharmaceuticals industry are anticipated to fuel the demand for collaborative pharmaceutical robots. The increasing demand for improved and advanced collaborative pharmaceutical robots is anticipated to boom the collaborative pharmaceutical robots market by noteworthy revenue by the end of 2024.
The global market of collaborative pharmaceutical robots is anticipated to flourish at a robust growth over the period 2017-2024 owing to various factors such as growing adoption of collaborative robots by pharmaceutical industries to lower down the operational cost and improve the overall quality. Factors such as these, combined with operational flexibility are anticipated to drive the growth of collaborative pharmaceutical robots market over the forecast period.In the regional segment, North America region is expected to dominate the market during the forecast period owing to rising technological advancement and increasing research and development activities related with drugs in this region. Further, Europe region captured the second largest market in terms of revenue in collaborative pharmaceutical robots in 2016 and is expected to witness robust growth over the forecast period due to rising drug discovery and clinical trials in this region. Additionally, rapid urbanization is anticipated to make Asia Pacific market of collaborative pharmaceutical robots to expand at fastest pace over the forecast period.
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Technical Advancements to Boom the Market
The growing adoption of innovative technology to eliminate human errors is one of the major factors that are believed to supplement the growth of collaborative pharmaceutical robots market. Further, increasing drug development activities and growing implementation of collaborative pharmaceutical robots for managing products combined with quality testing is expected to benefit the expansion of collaborative pharmaceutical robots market around the globe.However, high initial installation investment and requirement of high maintenance associated with collaborative pharmaceutical robots is estimated to hamper the growth of the collaborative pharmaceutical robots market in the near future.
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The report titled “Collaborative Pharmaceutical Robots Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers the detailed overview of the collaborative pharmaceutical robots market in terms of market segmentation by payload capacity, by application and by region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.This report also provides the existing competitive scenario of some of the key players of the collaborative pharmaceutical robots market which includes company profiling of Kawasaki Heavy Industries Ltd., FANUC America Corporation, ABB Ltd., Yaskawa Electric Corporation, Denso Wave Inc., Seiko Epson Corporation, Marchesini Group S.p.A, Universal Robots A/S and Shibuya Corporation.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the collaborative pharmaceutical robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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