The pharma robots market is poised for substantial growth, with a projected annual surge of 13.8% CAGR, catapulting its anticipated worth to an impressive US$ 683.4 Million by the year 2032. This surge underscores the increasing integration of robotics in the pharmaceutical industry, where automation plays a pivotal role in enhancing efficiency, precision, and overall productivity. The escalating demand for advanced pharmaceutical manufacturing processes and the need for high-throughput solutions are key factors driving this robust growth.
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To avoid drug overfill and minimize adulteration, Clemson University and Nephron Pharmaceuticals Corporation, for instance, have developed a tabletop robot that can fill, cap, and seal sterile pre-filled syringes. Syringe filling is still a highly controlled operation that requires specialist workers to complete in ISO-certified clean rooms in the absence of robots. To help hospitals and other healthcare facilities deal with a shortage of pre-filled needles, a robot was created.
Key Takeaways from the Pharma Robots Market Report:
The Pharma Robots Market is poised for significant growth, projected to hit a market size of US$ 188.6 Million by 2022. Traditional Robots are anticipated to lead this expansion with a robust CAGR of 14.5% throughout the forecast period. The United States stands out as the primary market, presenting an absolute dollar growth opportunity of US$ 153.4 Million from 2022 to 2032. Meanwhile, Japan is expected to experience remarkable growth, boasting the highest CAGR of 16.1% during the same forecast period. These key takeaways underscore a promising trajectory for the pharmaceutical robotics sector, driven by technological advancements and increasing demand worldwide.
Competitive Landscape:
The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Pharma Robots Market are focused on R&D to produce innovative technological solutions.
In December 2021, the Marchesini Group-Neri Division’s BL-A309 was displayed at FCE Pharma, a flexible solution for Print&Check and serialization processes that allow users to swiftly install all of the major pharmaceutical traceability devices on the market, from laser printers to ink-jet technologies.
In December 2021, Universal Robots launched a virtual pharma event, where managers, experts, and other professionals in the pharmaceutical and medical technology industries learned about the various possibilities that robots provide. Universal Robots can be promising in the pharmaceutical industry and are already generating a significant buzz in the market.
In May 2021, Fanuc augmented its SCARA robot line to provide more reach and payload alternatives to companies that are looking to automate assembly, packaging, pick-and-place, and inspection processes. New models with payload capacities of 3, 6, and 20 kg are SR-3iA, SR-6iA, SR-12iA, and SR-20iA. The reach of the models ranges from 400 to 1,000 mm.
Leading Key Players:
Key players in the Pharma Robots Market include ABB Ltd., Universal Robots, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, FANUC America Corporation, Marchesini Group S.P.A, Seiko Epson Corporation, Denso Wave Incorporation, and Jianjia Robots, each contributing with their advanced robotic technologies to revolutionize pharmaceutical manufacturing and enhance efficiency in various production processes.