Global Pharmaceutical Robots Market Size Study, by Type (Traditional Robots (Articulated Robots, SCARA Robots, Delta Robots, Cartesian Robots), Collaborative Robots), by Application (Picking and Packaging, Drugs Inspection, Laboratory Applications) and Regional Forecasts, 2017-2025
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Global Pharmaceutical Robots Market valued approximately USD 136 million in 2016 is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2017-2025. The major factors driving the growth are escalating numbers of drug discoveries, technological development, and clinical trials. Moreover, the use of automated machines expected to bolster the growth.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Type:
- Traditional Robots
- Articulated Robots
- SCARA Robots
- Delta Robots
- Cartesian Robots
- Collaborative Robots
Application:
- Picking & Packaging
- Drugs Inspection
- Laboratory Applications
Regions:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Kawasaki Heavy Industries, Ltd., Denso Wave Inc., ABB Ltd., FANUC America Corp., Seiko Epson Corp., Universal Robots A/S, Marchesini Group S.p.A., and Yaskawa Electric Corp. Investment in research and development, acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players.
Target Audience of the Pharmaceutical Robots Market Study
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
The research for global Pharmaceutical Robots market focuses deeply on the entire value chain of the market. However, the market size estimates are purely based on the consumer side of the value chain wherein the market sizes have been calculated by analyzing the average demand for Pharmaceutical Robots across various end-uses such as the pharmaceutical industry, and healthcare industry.
The revenue for global Pharmaceutical Robots market is calculated as sum market sizes of different segments such as applications and regions. Further, some other key data points considered to calculate the revenue for global Pharmaceutical Robots market include:
- Revenues from key companies
- Key company market share analysis
- Consumer spending analysis
- Regional export and import analysis
- Sales revenue generated by various applications in different geographies
An extensive primary and secondary research has been conducted on key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify the market estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.
We utilize a combination of bottom-up & top-down methodology for market estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the market estimates and forecasts through primary interviews and feedbacks.
All the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from each other are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts.