North America Pharmaceutical Robots Market
The North America pharmaceutical robots market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Several conferences, workshops, and exhibitions are being held across the region to spread the awareness of robotic systems. For instance, in April 2018, the 5th World Congress on Automation and Robotics was held in Las Vegas, USA. The conference aimed to grow awareness and share the knowledge of advanced technologies amongst the professionals, industrialists, and students from the research area of automation and robotics. Furthermore, Pittcon 2018 was held in February 2018 in Orlando, Florida. The conference focused on the latest developments in technology assisting analysis and automation in pharmaceutical research. For instance, GlaxoSmithKline, has collaborated with other pharmaceutical companies to assess the robotic platforms for precise, automated dispensing of solids and AstraZeneca has worked on combined efforts to improve the measurement and prediction of API solubility. Thus, the growing conferences, workshops, and exhibitions to create awareness regarding pharmaceutical robots propel the growth of the North America pharmaceutical robots market.
In August 2020, the National Institutes of Health launched the Medical Imaging and Data Resource Center (MIDRC) to use artificial intelligence in medical imaging to fight COVID-19. The collaboration was headed by the National Institute of Biomedical Imaging and Bioengineering (NIBIB), part of NIH, which will develop new methods that physicians can use for early discovery and personalized therapies for COVID-19 patients. Covid-19 has tremendously increased awareness of the benefits of automation within the pharmaceutical industry. In this pandemic, it is important to increase pharmaceutical production without compromising quality and safety. Flexible, modular automation enables pharmaceutical companies to increase production safely and to build lines faster and in a more scalable way. As per the Robotic Industries Association (RIA), a group focused on the robotics industry, orders for robots from the North American life sciences companies increased by 69% in 2020 compared to 2019 and is expected to increase further in 2021.
Strategic insights for the North America Pharmaceutical Robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 35.83 Million |
| Market Size by 2028 | US$ 87.45 Million |
| Global CAGR (2021 - 2028) | 13.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Pharmaceutical Robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The pharmaceutical robots market in North America is expected to grow from US$ 35.83 million in 2021 to US$ 87.45 million by 2028; it is estimated to grow at a CAGR of 13.6% from 2021 to 2028. Cloud robotics is an emerging field of robotics rooted in cloud computing, cloud storage, and other Internet technologies centered on the benefits of converged infrastructure and shared services. Connecting robots to the cloud increase computational power, storage, and communications. Cloud robots communicate with each other and thus operations are carried out easily. The Google Cloud Robotics Platform combines AI, robotics, and the cloud to enable the opening of an ecosystem of automation solutions that use cloud-connected collaborative robots. Along with AI and machine learning services, the robots will be able to efficiently carry out processes in highly dynamic environments in the manufacturing industry. Moreover, in the industry, the cloud is an ally for processing a large amount of data. Cloud-based software, with appropriate security protocols, can be adopted to facilitate integration and automation. Its use helps reduce the paperwork of the companies, making data manageable. Thus, cloud robotics is expected to become the trend in the pharmaceutical robot market in the future.
Based on product, the traditional robots segment accounted for the largest share of the North America pharmaceutical robots market in 2021. Based on application, the picking and packaging segment accounted for the largest share of the North America pharmaceutical robots market in 2021. Based on end user, the pharmaceutical companies segment accounted for the largest share of the North America pharmaceutical robots market in 2021.
A few major primary and secondary sources referred to for preparing this report on the North America pharmaceutical robots market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include ABB, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Universal Robots, Marchesini Group S.p.A, Denso Corporation, Fanuc Corporation, Seiko Epson Corporation, Shibuya Corporation, and Weiss GmbH.
The North America Pharmaceutical Robots Market is valued at US$ 35.83 Million in 2021, it is projected to reach US$ 87.45 Million by 2028.
As per our report North America Pharmaceutical Robots Market, the market size is valued at US$ 35.83 Million in 2021, projecting it to reach US$ 87.45 Million by 2028. This translates to a CAGR of approximately 13.6% during the forecast period.
The North America Pharmaceutical Robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Pharmaceutical Robots Market report:
The North America Pharmaceutical Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Pharmaceutical Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Pharmaceutical Robots Market value chain can benefit from the information contained in a comprehensive market report.
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