Pharmaceutical Robots Market : Growing Demand In Robotic System
Summary
- What the Market Looks Like?
- What are Key Trends in the Market?
A robotic system is a type of automation that has multiple axes of motion and can be programmed to perform a function. Some of the benefits of automation include efficiency, saving workers from hazardous environments or repetitive tasks, reducing training overhead, eliminating human error, increasing repeatability and reproducibility, and in cleanrooms, removing the potential for human contamination.
What the Market Looks Like?
According to the new market research report by MarketsandMarkets, pharmaceutical robotic systems market is expected to grow from USD 64.37 million in 2016 to USD 119.46 million by 2021, at a CAGR of 13.2% from 2016 to 2021. The pharmaceutical robotic systems market in APAC is expected to grow at the highest CAGR during the forecast period.
Benefits offered by robotic systems in pharmaceutical manufacturing is a key factor driving the growth of pharmaceutical robots market. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
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What are Key Trends in the Market?
The growth of the Pharmaceutical Robots Market is primarily influenced by the following factors:
- Benefits Offered By Robotic Systems in Pharmaceutical
- ManufacturingConferences and Exhibitions to Raise Awareness of Robotic Systems in Pharmaceutical Manufacturing
Factors such as demand for personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, ability to track and trace, error-free operation, fewer accidents, and better utilization of the floor space are contributing to the large share of the picking and packaging segment.
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