PUBLISHER: Grand View Research | PRODUCT CODE: 1493390
PUBLISHER: Grand View Research | PRODUCT CODE: 1493390
The global pharmaceutical robots market size is expected to reach USD 357.9 million by 2030, growing a CAGR of 8.8% over the forecast period, according to a new report by Grand View Research, Inc. Growth can be attributed to the surge in government initiatives and increase in healthcare spending on technological advancements. For instance, Japan's Robot Strategy aims to establish the country as the premier hub for robot innovation globally. In 2022, the Japanese government provided over USD 930.5 million in support. This funding was distributed across various key sectors, such as manufacturing, nursing & medical, infrastructure, and agriculture.
Moreover, governments worldwide recognize these technological solutions have transformative potential in addressing healthcare challenges and improving patient outcomes. Hence, the rise in the number of government initiatives and healthcare spending is expected to propel the development and deployment of healthcare mobile robots. Furthermore, pharmaceutical companies prioritize more than just innovation to boost their patent portfolios. Some of the leading pharmaceutical companies are strategically investing in robotics to secure lucrative partnerships and position themselves at the forefront of industry advancements.
The need for automation in manufacturing facilities and the high costs of discovering new drugs are the other factors predicted to improve the demand for robotics in drug discovery, clinical trials, & laboratories. Hence, key companies have introduced technologically advanced robotic machines, propelling market growth. In addition, automation and robotics have gained immense popularity in the pharmaceutical industry due to the growing demand for precision, output, & faster turnaround times.
With the growing competition in the pharmaceutical industry, drug manufacturers are revolutionizing manufacturing processes with robotic technology. This technology has increased manufacturing efficiency and a growing ability to offer quality products at lower costs. These factors are expected to fuel the demand for pharmaceutical robots for manufacturing processes in the coming decade. Furthermore, key players are undertaking various strategies, such as mergers & acquisitions and collaborative agreements, facilitating market growth. For instance, in July 2023, ABB launched two new variants of its GoFa collaborative robot: The GoFa 10 and GoFa 12. These additions would provide companies with enhanced opportunities to utilize cobot automation, boosting efficiency.
List of Figure
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Pharmaceutical robots: market outlook
Fig. 9 Pharmaceutical robots competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook.
Fig. 12 Pharmaceutical robots driver impact
Fig. 13 Pharmaceutical robots restraint impact
Fig. 14 Pharmaceutical robots strategic initiatives analysis
Fig. 15 Pharmaceutical robots: Product Type movement analysis
Fig. 16 Pharmaceutical robots: Product Type outlook and key takeaways
Fig. 17 Traditional robots market estimates and forecasts, 2018 - 2030
Fig. 18 Collaborative robots market estimates and forecasts, 2018 - 2030
Fig. 19 Articulated robots market estimates and forecasts, 2018 - 2030
Fig. 20 SCARA robots market estimates and forecasts, 2018 - 2030
Fig. 21 Delta/Parallel robots market estimates and forecasts, 2018 - 2030
Fig. 22 Cartesian robots market estimates and forecasts, 2018 - 2030
Fig. 23 Dual-arm robots market estimates and forecasts, 2018 - 2030
Fig. 24 Pharmaceutical robots: Application movement analysis
Fig. 25 Pharmaceutical robots: Application outlook and key takeaways
Fig. 26 Picking and packaging market estimates and forecasts, 2018 - 2030
Fig. 27 Inspection of pharmaceutical drugs market estimates and forecasts, 2018 - 2030
Fig. 28 Laboratory applications market estimates and forecasts, 2018 - 2030
Fig. 29 Pharmaceutical robots: End-use movement analysis
Fig. 30 Pharmaceutical robots: End-use outlook and key takeaways
Fig. 31 Pharmaceutical companies market estimates and forecasts, 2018 - 2030
Fig. 32 Research laboratories market estimates and forecasts, 2018 - 2030
Fig. 33 Global pharmaceutical robots market: Regional movement analysis
Fig. 34 Global pharmaceutical robots market: Regional outlook and key takeaways
Fig. 35 North America pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Key country dynamics
Fig. 37 U.S. pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Key country dynamics
Fig. 39 Canada pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Europe pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Key country dynamics
Fig. 42 UK pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Key country dynamics
Fig. 44 Germany pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Key country dynamics
Fig. 46 Spain pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Key country dynamics
Fig. 48 France pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Key country dynamics
Fig. 50 Italy pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD millio0)
Fig. 51 Key country dynamics
Fig. 52 Norway pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Key country dynamics
Fig. 54 Denmark pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Key country dynamics
Fig. 56 Sweden pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Asia Pacific pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Key country dynamics
Fig. 59 Japan pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 Key country dynamics
Fig. 61 China pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 Key country dynamics
Fig. 63 India pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 Key country dynamics
Fig. 65 Australia pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 Key country dynamics
Fig. 67 South Korea pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 68 Key country dynamics
Fig. 69 Thailand pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Latin America pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 71 Key country dynamics
Fig. 72 Brazil pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 73 Key country dynamics
Fig. 74 Mexico pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 75 Key country dynamics
Fig. 76 Argentina pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 77 MEA pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 78 Key country dynamics
Fig. 79 South Africa pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 80 Key country dynamics
Fig. 81 Saudi Arabia pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 82 Key country dynamics
Fig. 83 UAE pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 84 Key country dynamics
Fig. 85 Kuwait pharmaceutical robots market estimates and forecasts, 2018 - 2030 (USD Million)