Global Pharmaceutical Robots Market to Reach US$ 445.0 Million by 2032, Stimulated by Surging Need for Automation in Manufacturing Units

November 16, 2022 | Healthcare

IMARC Group’s latest report, titled “Pharmaceutical Robots Market Report by Type (Traditional Robots, Collaborative Pharmaceutical Robots), Application (Picking and Packaging, Inspection of Pharmaceutical Drugs, Laboratory Applications), End User (Pharmaceutical Companies, Research Laboratories), and Region 2024-2032,” finds that the global pharmaceutical robots market size reached US$ 198.5 Million in 2023. Pharmaceutical robots are physically embodied artificial intelligence (AI) agents designed to perform routine tasks, eliminating the need for human intervention. They help automate various functions, including inspection, packaging, dispensing, drug sorting, kit assembly, and light machine-tending. They also aid in the production of customized medicines, reducing workloads, and preventing drug contamination. Besides this, they assist in improving productivity, ensuring consistency, minimizing downtime, enhancing flexibility, and speeding up processes. As a result, pharmaceutical robots are gaining immense traction across the pharmaceutical industry as they offer maximum efficiency, protect workers from hazardous environments, and cut costs.

Global Pharmaceutical Robots Market Trends:

The surging need for automation in manufacturing units represents the primary factor driving the market growth. Moreover, the significant expansion in the pharmaceutical sector and the increasing competition have prompted drug manufacturers to adopt pharmaceutical robots as they enhance safety, reliability, and financial savings. Along with this, the high costs of new drug discovery have augmented the demand for robots in clinical trials, drug discovery, and laboratories for automating procedures. Besides this, the rising preferences for personalized medicine that requires customized medications, packaging, and labeling have accelerated product adoption rates. Additionally, there has been a substantial increase in the demand for specific packaging configurations and other benefits, such as high speed, precision, optimal utilization of space, and zero error operations. In line with this, various technological advancements, such as the integration of artificial intelligence (AI) in robotics, have catalyzed market growth. Furthermore, the leading players are engaging in research and development (R&D) activities to launch collaborative robots. Apart from this, due to rising drug discovery and diagnostic testing, the emerging laboratory applications of pharmaceutical robots like vial handling to minimize the risks of human contamination have propelled market growth. Other factors, including the surging product adoption in quality control and inspection of pharmaceutical drugs, lack of skilled labor, and increasing merger and acquisition (M&A) activities among key players, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 445.0 Million by 2032, growing at a CAGR of 9.2% during 2024-2032.

Market Summary:

  • Based on the type, the market has been bifurcated into traditional robots (articulated, SCARA, delta/parallel, cartesian, and dual-arm robots) and collaborative pharmaceutical robots.
  • The market has been segmented based on the application into picking and packaging, inspection of pharmaceutical drugs, and laboratory applications.
  • On the basis of the end user, the market has been classified as pharmaceutical companies and research laboratories.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., Kuka AG, Marchesini Group S.p.A, Mitsubishi Electric Corporation, Robert Bosch GmbH, Seiko Epson Corporation, Shibuya Corporation, Universal Robots A/S (Teradyne Inc.), and Yaskawa Electric Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., Kuka AG, Marchesini Group S.p.A, Mitsubishi Electric Corporation, Robert Bosch GmbH, Seiko Epson Corporation, Shibuya Corporation, Universal Robots A/S (Teradyne Inc.) and Yaskawa Electric Corporation.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pharmaceutical Robots Market to Reach US$ 445.0 Million by 2032, Stimulated by Surging Need for Automation in Manufacturing Units
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