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In a recent published report, Kenneth Research has updated the market report for Pharmaceutical Robots Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pharmaceutical Robots Market products.
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Kenneth Research has recently added a report titled Pharmaceutical Robots Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Pharmaceutical Robots Market report provides an in-depth analysis of the Healthcare & Pharmaceuticals during the forecast period 2017-2025 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Pharmaceutical Robots Market which allows our clients to make informed decisions regarding the growth of their businesses.The global Pharmaceutical Robots Market is anticipated to reach USD 452.7 Million by 2025.
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In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Keyword market over the period 2019-2026.
The Keyword market report also focuses on the analysis on the basis of geography which includes North America (U.S. and Canada), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Europe (Germany, UK, France, Spain, Italy, NORDIC, BENELUX, Poland, Russia, Hungary, Rest of Europe), Asia Pacific (China, Japan, India, Australia, New Zealand, South Korea, Malaysia, Indonesia, Rest of Asia Pacific) and Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa). In U.S., the GDP per capita was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capita has intensified the growth of this market in the country
according to a new report published by Polaris Market Research. In 2017, on the basis of application type, inspection of pharmaceutical drugs segment holds the largest market share in this market. Regionally, North America accounted for the major share in the global Pharmaceutical Robots Market.Growth in global Pharmaceutical Robots Market is primarily driven by the expanding pharmaceutical industry, and rising need for automation in this industry. Also, increasing acceptance of laboratory automation robot and benefits associated with enabling reduction in human interventions and errors is expected to boost the pharmaceutical robot adoption.
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Additionally, growing demand for drug manufacturing, and increasing technological advancements in the robotic machines positively influence growth in Pharmaceutical Robots Market. Similarly, the adoption of pharmaceutical robots facilitates cost reduction in human labor, that directly led to minimization of production cost.
On the basis of product type, the global Pharmaceutical Robots Market is segmented into traditional robot, and collaborative robot. Traditional robot is observed to be the dominating segment in terms of market share. However, collaborative robot segment is anticipated to grow at a faster rate, owing to its ease of maintenance compared to the traditional ones.
The traditional Robot are further sub-segmented into articulated robot, SCARA robot, delta/parallel robot, cartesian robot, and dual-arm robot. Articulated robot is popular in market due to their ability to inspect the packing of pharmaceutical products. On the other hand, SCARA robot are expected to showcase a positive growth over the forecast period, due to lower cost of associated machines in comparison of other robot categories
Based on the application type, the global Pharmaceutical Robots Market is sub segmented into picking and packaging, laboratory applications, and inspection of pharmaceutical drugs. Inspection of pharmaceutical drugs segment to hold the domination position during the forecast period. Growth in this segment is majorly observed due to rise in government interventions and stringent policies for approving any type of drug entry in the market. These inspection robots are majorly used for detecting cracks on tablets, color inspection, shape recognition, counting of tablets, and also for inspection of packaging for recognition of leakage from the packaging of drugs. However, laboratory application segment is expected to grow at a faster rate owing to increasing R&D in this field, and increasing need for reducing human intervention in the process of drug manufacturing.
End use segment comprises of biopharmaceutical companies, and research laboratories. Biopharmaceutical companies to hold the largest share, owing to rising awareness for its use in manufacturing of medicines, and ongoing clinical trials.The leading companies operating in global Pharmaceutical Robots Market are FANUCA America Corporation, Kawasaki Heavy Industries Ltd., Denso Wave Inc., ABB Ltd., Yaskawa Electric Corporation, Universal Robot A/S, Seiko Epson Corporation, Marchesini Group S.P.A., Kuka AG, and Mitsubishi Electric Corporation.
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Global Pharmaceutical Robots Market Insights
3.1. Pharmaceutical Robots Market – Industry snapshot
3.2. Pharmaceutical Robots Market – Ecosystem analysis
3.3. Pharmaceutical Robots Market – Market dynamics
3.4. Pharmaceutical Robots Market – Market Forces
3.4.1. Pharmaceutical Robots Market – Market driver analysis
3.4.2. Pharmaceutical Robots Market – Market restraint/challenges analysis
3.4.3. Pharmaceutical Robots Market – Market opportunity analysis
3.5. Industry analysis – Porter's five force
3.5.1. Bargaining power of supplier
3.5.2. Bargaining power of buyer
3.5.3. Threat of substitute
3.5.4. Threat of new entrant
3.5.5. Degree of competition
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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology