- What the Market Looks Like?
- What are Key Trends in the Market?
Robotic systems provide various benefits to pharmaceutical manufacturing such as lesser space utilization, reduced production downtime, no labor turnover, enhanced health and safety, better waste management, increased production flexibility, improved production output and product quality, and lower operating costs. With the growing pharmaceutical industry and the various benefits offered by robotic automation, the adoption of robots is likely to increase in the coming years.
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.
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.
Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210985096
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.
Read more about Traditional Pharmaceutical Robots Market @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=210985096
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.