Dublin, Nov. 27, 2023 (GLOBE NEWSWIRE) -- The "Pharmaceutical Collaborative Robots Market Size, Share & Trends Analysis Report By Application (Picking & Packaging, Laboratory Applications), By End-use (Pharmaceutical Companies, Research Laboratories), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical collaborative robots market size is expected to reach USD 140.58 million by 2030, registering a CAGR of 9.7% from 2023 to 2030
The market is witnessing a surge in demand as the industry embraces automation to enhance efficiency and compliance. Rapid technological advancements have led to the development of more versatile and user-friendly collaborative robots (cobots) that seamlessly integrate into pharmaceutical workflows.
These robots are addressing challenges, such as labor shortages, intricate regulatory requirements, and the need for flexible manufacturing. As pharmaceutical companies strive for agility & innovation, adopting collaborative robots is set to continue, reshaping the industry by improving productivity, quality, and worker safety.
The COVID-19 pandemic has propelled the adoption of pharmaceutical collaborative robots, or cobots, as the industry sought to ensure production continuity while prioritizing worker safety. The pandemic-induced labor shortages and the need for social distancing accelerated the integration of cobots into pharmaceutical operations, enabling tasks to be performed efficiently without compromising human health.
As a result, cobots have played a pivotal role in maintaining pharmaceutical supply chains, and supporting R&D efforts. In the rapidly evolving landscape of pharmaceutical manufacturing, the integration of collaborative robots, or cobots, has emerged as a pivotal strategy for enhancing operational efficiency, ensuring regulatory compliance, and driving innovation.
As the demand for pharmaceutical products continues to grow, key players in the industry are strategically leveraging cobot technology to stay competitive and meet the market's evolving needs. These industry leaders are implementing innovative approaches to harness the capabilities of cobots, ranging from streamlined production processes to R&D acceleration.
For instance, in February 2021, ABB is enhancing its collection of cobots by introducing the GoFa and SWIFTI cobot families, which provide increased payloads and velocities. These additions complement ABB's cobot offerings, namely YuMi and Single Arm YuMi. The amplified capabilities of these new cobots are poised to propel ABB's presence in growing sectors like electronics, healthcare, consumer goods, logistics, and food & beverage.
Pharmaceutical Collaborative Robots Market Report Highlights
- The picking and packaging segment dominated the market with a share of 54.4% in 2022 and is expected to show promising growth at a CAGR of 10.3% over the forecast period from 2023 to 2030
- The segment growth is driven by factors, such as increasing demand for streamlined logistics and the need for precision in delivering products to consumers
- The pharmaceutical companies segment led the market in 2022 and accounted for the largest share of 67.7% and is expected to witness the fastest CAGR of 10.1% from 2023 to 2030
- Asia Pacific accounted for the largest share of 66.9% in 2022 and is anticipated to register the fastest CAGR during the forecast period due to the presence of a large number of local pharmaceutical companies in countries, such as Japan
- North America is expected to witness the fastest CAGR of 12.2% over the forecast period due to the substantial volume of robot installations within the region
Competitive Landscape
- ABB Ltd.
- Universal Robots A/S
- Mitsubishi Electric Corporation
- Kuka Ag
- Kawasaki Heavy Industries Ltd
- Yaskawa Electric Corporation
- Denso Wave, Inc.
- Fanuc America Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $64.9 Million |
| Forecasted Market Value (USD) by 2030 | $140.58 Million |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 pharmaceutical Collaborative Robots Market Snapshot
Chapter 3 Pharmaceutical Collaborative Robots Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.2 Penetration And Growth Prospect Mapping
3.3 Market Variable Analysis
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.4 Pharmaceutical Collaborative Robots Market: Analysis Tools
3.4.1 Porter's Five Forces Analysis
3.4.2 Pestel Analysis
3.5 Impact Of Covid-19 On Pharmaceutical Collaborative Robots Market
Chapter 4 Pharmaceutical Collaborative Robots Market: Application Estimates & Trend Analysis
4.1 Segment Dashboard
4.2 Pharmaceutical Collaborative Robots Market: Application Movement Analysis, USD Million, 2020 & 2030
4.2.1 Picking & Packaging
4.2.2 Inspection Of Pharmaceutical Drugs
4.2.3 Laboratory Applications
Chapter 5 Pharmaceutical Collaborative Robots Market: End-Use Estimates & Trend Analysis
5.1 Segment Dashboard
5.2 Pharmaceutical Collaborative Robots Market: End-Use Movement Analysis, USD Million, 2020 & 2030
5.2.1 Pharmaceutical Companies
5.2.2 Research Laboratories
Chapter 6 Pharmaceutical Collaborative Robots Market: Regional Estimates & Trend Analysis: By Application and End-use
6.1 Regional Market Snapshot
6.2 Pharmaceutical Collaborative Robots Market: Regional Movement Analysis, USD Million, 2020 & 2030, USD Million
For more information about this report visit https://www.researchandmarkets.com/r/ejxg0l
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