Report : Europe Pharmaceutical Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Collaborative Pharmaceutical Robots and Traditional Robots), Application (Inspection of Pharmaceutical Drugs, Laboratory Applications, and Picking and Packaging), and End User (Pharmaceutical Companies, Research Laboratories, and Contract Research Organizations)
Picking and Packaging Segment to Dominate Europe Pharmaceutical Robots Market during 2021-2028
According to a new market research study on “Europe Pharmaceutical Robots Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product, Application, End User and Country,” is expected to reach US$ 95.30 million by 2028 from US$ 40.45 million in 2021. The market is estimated to grow at a CAGR of 13.0% from 2021 to 2028. The report provides trends prevailing in the Europe pharmaceutical robots market along with the drivers and restraints pertaining to the market growth. Benefits associated with robots in pharmaceutical manufacturing, rise in awareness of robotic systems in manufacturing process and an upsurge in investments in pharmaceutical research & development are major factors driving the growth of the Europe pharmaceutical robots market. However, huge cost of robots and lack of skilled professionals in automated manufacturing units may hinder the growth of Europe pharmaceutical robots market.
As the coronavirus cases increase in the area, many countries are fighting to control the disease's spread. Artificial intelligence (AI) and machine learning represent a crucial part in better knowing and discussing the COVID-19 crisis. Machine learning technology permits computers to mimic human intelligence and ingest large volumes of data to identify patterns and insights quickly. In the fight toward COVID-19, associations have been instantaneous to utilize their machine learning expertise in several areas, such as scaling customer connections and knowing COVID-19 spreads and speeds up research and medication. The researchers recorded an elevated selection and use of AI in scientific and medical research, particularly in applications such as medical diagnosis, telemedicine, epidemiological studies, and clinical management of patients. There was also a shift in approaches towards AI and data distribution. According to the study, the crisis occurred in a comprehensive agreement of robots in the workplace and data distribution to monitor the virus's spread. In March 2020, Robotiq launched a pandemic initiative called Cobots vs. COVID. The program aims to help essential goods manufacturers such as medical equipment, pharmaceuticals, and others, rapidly increase their production by deploying cobot cells. Such initiatives in the region open a window of opportunities for the market players involved in the pharmaceutical robots market.
The market for Europe pharmaceutical robots is segmented into product, application, end user and country. Based on product, the market is segmented into collaborative pharmaceutical robots, and traditional robots. The traditional robots segment is further sub-segmented into delta robots, articulated robots, cartesian robots, SCARA robots and others. In 2021, the traditional robots segment held the largest share in Europe pharmaceutical robots market. Based on application, the Europe pharmaceutical robots market is divided into inspection of pharmaceutical drugs, laboratory applications, and picking & packaging. The inspection of pharmaceutical drugs segment is expected to be the fastest growing segment over the forecast period. Based on end user, the market is segmented into pharmaceutical companies, research laboratories and contract research organizations. In 2021, the pharmaceutical companies segment held the largest share in Europe pharmaceutical robots market. Based on country, the Europe pharmaceutical robots market is divided into UK, Germany, France, Italy, Spain and rest of Europe. In 2021, Germany held the largest share in Europe pharmaceutical robots market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe pharmaceutical robots market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for pharmaceutical robots.
ABB, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Universal Robots, Marchesini Group S.p.A, Denso Corporation, Fanuc Corporation, Seiko Epson Corporation, and Weiss GmbH are some of the leading companies in the Europe pharmaceutical robots market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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