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Pharmaceutical robots market projecting the market to reach at 13.0% CAGR by 2024 made available by top research firm

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Global Pharmaceutical Robots Market By Type (Traditional Robots (Articulated Robots, SCARA Robots, Delta Robots, Cartesian Robots), Collaborative Robots); Application (Picking and Packaging, Laboratory Applications); By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The global pharmaceutical robots market accounted to USD 65.3 million in 2016 growing at a CAGR of 13.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Pharmaceutical Robots Market

Major market drivers and restraints:

  • Rising personalized packaging demand
  • Error free operation in pharmaceutical industries
  • Increased demand of robots for increased packaging efficiency
  • Reduced operation cost
  • High initial investment

Market Segmentation: Global Pharmaceutical Robots Market

The traditional robot market is further sub segmented into articulated robots, scara robots, delta robots and cartesian robots.

By application, the market is segmented into picking and packaging, laboratory applications.

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On the basis of geography, pharmaceutical robots market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Pharmaceutical Robots Market

The Global Pharmaceutical Robots Market Report is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of pharmaceutical robots market for global, Europe, North America, Asia Pacific and South America.

Some of the major players operating in pharmaceutical robots market are Kawasaki Heavy Industries, Ltd., DENSO CORPORATION, ABB, Universal Robots A/S, Mitsubishi Electric Corporation, Seiko Epson Corporation, Marchesini Group S.p.A., SHIBUYA CORPORATION, YASKAWA ELECTRIC CORPORATION, Krones AG, Remtec Automation, LLC, KUKA Aktiengesellschaft, Robert Bosch GmbH among others.

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