Pharmaceutical Robotics and Hospital Robotics Market Forecast and Opportunity Assessment till 2026
October 27, 2021
A new report has been published by Stratview Research, titled, “Pharmaceutical Robotics and Hospital Robotics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021–2026.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Pharmaceutical Robotics and Hospital Robotics Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market segmentation
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Covid-19 impact on the Pharmaceutical Robotics and Hospital Robotics Market –
As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Robot types include articulated, Cartesian (i.e. gantry), parallel (delta), and selective compliance assembly robot arm (SCARA). Common applications include “pick and place operations that often use SCARA Robots. In recent years there has been an emerging demand for delta-type of robots for high speed picking and packaging. One of the Tier 1 pharmaceutical companies Merck is using Fanuc Robots from UK, which is set up on bottling line to place dispenser caps onto bottled allergy medications. With Fanuc’s new technology, the pharmaceutical company can use ten variants of the bottle simultaneously through robot controller. The same process would have doubled the effort and time if processed manually.
USA is a major market for pharmaceutical robots and 34-38% of the current medicine manufacturing and processing is conducted using robots. This market is expected to grow steadily at 11-12% CAGR from 2020 to 2025. US based ESS Technologies have adopted robotics for handling plastic syringes and glass pre-filled syringes in pre-process, buffering, inspection and end of line packaging. This has brought down the manufacturing cost due to reduced time for QC (no human touch), higher quality, faster packaging and more output in a sterile environment. The company also uses robotic technology for slow speed applications such as vial-filling, or automatic inspection.
Fanuc Robotics UK is one of the prominent companies in Western Europe which focuses on the pharmaceutical robotic technology. Another prominent example is Invetech, contract manufacturing company, which has partnered with Argos Therapeutics to develop automated manufacturing technology based on Arcelis technology. Robotics has found a wide range of application areas from drug delivery, to manufacturing, packaging and even personalized medicines in both pharmaceutical industry and life sciences market.
On the other hand, hospital robotics have a unique application which not only assists in surgery, but also in hospital services, data mining and capture, pharmacy, nursing robots, and several other departments. This has brought down the cost of operations and has increased precision in areas such as surgery and medicine distribution, leading to less medical errors and higher patient compliance.
USA is one of the major market for surgical robots. The adoption of hospital robots in surgery has reduced the post-operative pain, shortened hospital stay, added precision to the surgeon, and ensured early patient mobility and faster recovery. Surgeons who have been using surgical robots agree that it gives them 7 degrees of freedom and 90 degrees of articulation which is as good as having miniaturized hands inside the subject’s body. Incorporation of navigation technology in surgical robots have further enhanced the outcome. For e.g., GPS 3D guidance system has improved accuracy and optimizes patient care by integrating robotics with navigation.
Report Features –
This market report includes the following features –
Market structure: Overview, industry life cycle analysis, supply chain analysis. Market environment analysis: Growth drivers and constraints. Market trend and forecast analysis. Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc. Attractive market segments and associated growth opportunities. Emerging trends.
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