Pharmaceutical Robots Market Soaring at 13.2% CAGR to 2023 - Emerging Trends, Industry Forecast, Segmentation and Top Technologies

Pharmaceutical robots market, Asia-Pacific expected to account for largest share by region in 2016. Traditional robots segment is expected to command largest share of global market, by type in 2016. Traditional robots segment is further categorized into articulated, SCARA (selective compliance articulated robot arm), delta/parallel, Cartesian, and other robots (which include spherical and dual-arm robots).

The pharmaceutical robots market projected to reach USD 119.5 million by 2021 from USD 64.4 million in 2016, at a CAGR of 13.2%. The large share and high growth of Asia-Pacific can be attributed to the increase in domestic industrial robot companies, flourishing pharmaceutical industry, increasing number of conferences and exhibitions, investment and funding in the industrial robots industry, and Japan’s Robot Strategy.

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The pharmaceutical robots market witnesses high competitive intensity, as there are several big and small firms with similar product offerings. These companies adopt various strategies (marketing and promotional activities; expansions; agreements, alliances, collaborations, & partnerships; product launches; acquisitions; product enhancements, market developments, funding, restructuration, and rebranding) to increase their market shares and establish a strong foothold in the global pharmaceutical robots market.

In pharmaceutical robots market, articulated robots segment accounted for largest share of global pharmaceutical traditional robots market in 2016.The picking and packaging segment accounted for the largest share of global pharmaceutical robots market, by application in 2016. Factors such as demand for personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, ability to track & trace, error-free operation, fewer accidents, and better utilization of floor space are contributing to large share of picking and packaging segment.

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Pharmaceutical robots market report segments pharmaceutical robots market based on type, application, and region. On the basis of type, the market is segmented into traditional robots and collaborative robots. The traditional robots segment is expected to command the largest share of the global market. The traditional robots segment is further categorized into articulated, SCARA (selective compliance articulated robot arm), delta/parallel, Cartesian, and other robots (which include spherical and dual-arm robots).

Stakeholders in the Pharmaceutical Robots Market:
• Industrial robots manufacturers
• Pharmaceutical Manufacturing Units
• Technology Investors
• Distributors of Industrial Robots
• Market Research And Consulting Firms
• Government Bodies/Municipal Corporations
• Business Research And Consulting Service Providers
• Venture Capitalists
• Community Centers
• Regulatory Bodies

The pharmaceutical robots market report includes the study of key players of the market such as Kawasaki Heavy Industries Ltd. (Japan), FANUC Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), ABB Ltd. (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Marchesini Group S.p.A (Italy), Universal Robots A/S (Denmark), Yaskawa Electric Corporation (Japan), and Shibuya Corporation (Japan).

More Information on “Pharmaceutical Robots Market by Type (Traditional Robots (Articulated Robots, SCARA Robots, Delta Robots, Cartesian Robots), Collaborative Robots), Application (Picking and Packaging, Laboratory Applications) - Global Forecast to 2021” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=964828 .

The traditional pharmaceutical robots market segment is further categorized into articulated, SCARA (selective compliance articulated robot arm), delta/parallel, Cartesian, & other robots (which include spherical and dual-arm robots). Articulated robots segment accounted for largest share of global pharmaceutical traditional robots market in 2016. Articulated robots are easier to align to multiple planes, simple to operate and maintain, and have a greater work envelope.

The articulated robots segment accounted for the largest share of the global pharmaceutical traditional robots market in 2016.

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