Pharmaceutical robots market to see significant growth
Posted: 31 July 2019 | Victoria Rees (European Pharmaceutical Review) | No comments yet
The global pharmaceutical robots market is set to be worth $344.4m at the end of a forecast period, after seeing substantial growth.
The global pharmaceutical robots market is projected to rise at a compound annual growth rate (CAGR) of 13.6 percent in the forecast period 2019-2027, according to a new report.
The research, conducted by Reportlinker, says that the market in 2018 was worth $110.8m. This is predicted to increase to $344.4m by 2027.
…the opportunities for growth in emerging nations are likely to have a positive impact on the growth of the market
The key factors driving this growth are listed as the growing significant benefits offered by robots in pharmaceutical manufacturing, the growing aware ness of robotic system and increasing investments in pharmaceutical R&D.
Also, the report suggests that the opportunities for growth in emerging nations are likely to have a positive impact on the growth of the market in coming years.
An increasing number of conferences, workshops and exhibitions is listed as a key reason for pharmaceutical robot awareness.
Drug Delivery Systems, Drug Markets, Medical Devices, Research & Development (R&D)