Pharmaceutical Robots Market Size Worth $430.0 Million By 2025A Chapter by Markets InsightsGlobal pharmaceutical robots market size was valued at USD 130 million in 2016 and is projected to witness lucrative growth over the forecast period.The global Pharmaceutical Robots Market size is anticipated to reach USD 430.0 million by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the flourishing pharmaceutical industry. The pharmaceutical industry is flourishing due to huge R&D investments by global players. With increasing drug discovery and clinical trials, there is growing demand for robotics. To minimize workload and maintain higher levels of accuracy, automation has become a significant part of pharmaceutical manufacturing. It increases efficiency, prevents performance of repetitive activities, and avoids human error & contamination. Technological advancement is an important factor driving growth. The use of robots & automated machines in the field of pharmaceuticals is still in its nascent stage and expected to grow in the near future. The automation industry has incorporated a few new techniques such as collaborative robots and laboratory automation. Pharmaceutical robotic machines also minimize manufacturing costs by reducing labor. These machines are 3 to 4 times faster than humans and have the capacity to work for 24 hours. Reduction in production cost is expected to raise return on investment in the long run, thus driving demand for these products in the future. Browse Details of Report @ Further Key Findings From the Study Suggest:
© 2020 Markets Insights |
Stats
31 Views
Added on October 20, 2020 Last Updated on October 20, 2020 Tags: Pharmaceutical Robots Market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
|