By 2032, the market for pharmaceutical robots is projected to be worth US$ 683.4 million, growing at a rate of 15.2% annually. The demand for extremely accurate and contaminant-free medications is rising.
-modernization of current pharmaceutical production facilities.
-Worldwide labour shortage, especially in developed economies
Because of the widespread adoption of automation brought about by the fourth industrial revolution, lab automation is now utilised extensively across all industries, including the pharmaceutical industry. Additionally, a significant factor in the growth of the global market for pharmaceutical robots is the requirement for greater precision and accuracy in the manufacturing of pharmaceuticals.
Get a Sample PDF of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15094
For example, together Clemson University and Nephron Pharmaceuticals Corporation have launched a benchtop robot capable of filling, capping, and sealing sterile pre-filled syringes, saving money by averting drug overfill and reducing adulteration. Without robots, filling syringes remains a highly regulated process that must be carried out by specialized technicians in ISO-certified clean rooms. The robot is intended to assist hospitals and healthcare facilities in dealing with a scarcity of pre-filled syringes.
Key Takeaways from the Market Study
- Global Pharma Robots Market is expected to reach a market size of US$ 188.6 Mn by 2022.
- The Traditional Robots segment, is expected to account for the highest CAGR of 14.5% during the forecast period.
- United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 153.4 Mn during 2022 – 2032.
- The market in Japan is set to experience the highest CAGR of 16.1% during the 2022-2032 forecast period.
“During the projected period, high dependence on robotics and automation in pharmaceutical companies could boost the demand for Pharma Robots in future.” comments a Future Market Insights analyst.