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
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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.

Contact Us:

IMARC Group
30 N Gould St, Ste
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

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

Purchase options

Single User License $2499
Five User License $3499
Corporate User License $4499

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.