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Global Dispensing Robots Market Analysis by Product Type, Operational Range, End-Use Industry, Region and segments forecast till 2033
Market Overview
The global dispensing robots market is valued at USD 1,500 million in 2022 and is projected to reach a value of USD 5,000 million in 2033 expanding at a CAGR of 13.8% over the forecast period of 2023-2033.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1,500 Million |
Market Forecast in 2033 | USD 5,000 Million |
CAGR % 2023-2033 | 13.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product Type, Operational Range, End-Use Industry |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Techcon., Dispense Works, Inc., Fanuc, Mitsubishi Electric, Kawasaki Robotics, ABB, ESYS Automation, Yaskawa Motoman, Nordson Corporation, Simplimatic Engineering Holdings LLC. |
A Dispensing robot is defined as a machine that is used to store the original pack of medication in a managed space and also to retrieve the packs at the point of dispensing. These are commonly seen in the North American region behind the dispensing counter and also support the team in quickly and accurately dispensing a customers prescription. The dispensing robots have a few advantages and better command over liquid placements, globules, placements of bends, and rehashed timed dots, among others.
These robots are generally utilized for liquid dispensing purposes and are effortlessly customized utilizing smart PC-based programming. Also, technical developments, such as, CAD/DXF record imports in intuitive programming of dispensing robots, touch screen programming that permits the robots to consequently address part misalignments, shorten lengthy programming, and further develop design acknowledgment.
One of the major factors that have boosted market growth is the changing nature of manufacturing and labor over the forecast period. This feature is in conjunction with varying consumer views that have significantly contributed to the development of dispensing robots. Also, automation, logistics, and pharmaceutical industries have been facing an acute shortage of skilled and efficient laborers. Thus, dispensing robots are extensively being adopted in places where safety concerns are important issues.
Another factor that has fueled the market growth is the rising focus on workplace safety. The simplicity of robots, ease of installation and operation, and also improvements in machine learning have generated many robotic developments in the forecast period. Also, the advent of big data, the expansion of the (IoT), and advances in connectivity have opened doors for a new breed of intelligent technology that has boosted the market growth.
Product Type Insights
The 6-axis robots segment has dominated the market growth over the forecast period and is projected to grow at a CAGR of 6.6%. The 6-axis robot is one of the most commonly used types of dispensing robots, as it offers greater flexibility and precision in handling materials. However, there are also other types of dispensing robots such as 3-axis and 4-axis robots that are used in specific applications.
Operational range Insights
The 200x200mm segment is predicted to garner significant returns of around 30% over the forecast period. In terms of robot sizes, there are many different types and sizes of dispensing robots available on the market, including those with a 200x200mm working area. The market share of these specific robot sizes would depend on various factors such as their functionality, features, price, and availability compared to other sizes of dispensing robots.
End-Use Industry Insights
The Pharmaceutical segment is slated to register significant gains over the estimated timeline. Overall, the demand for dispensing robots in the pharmaceutical industry is expected to continue to grow as companies look for ways to increase efficiency, reduce errors, and improve the safety and quality of their products.
Regional Insights
The Global dispensing robots market is segmented into five main regions namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the various manufacturers in the region that uses smart sensors to integrate existing equipment so that they can provide robust visibility in their operations across the region.
Competitive Analysis
Some of the prominent companies operating in the market are Techcon., Dispense Works, Inc., Fanuc, Mitsubishi Electric, Kawasaki Robotics, ABB, ESYS Automation, Yaskawa Motoman, Nordson Corporation, Simplimatic Engineering Holdings LLC. Some of the recent market developments include:
In March 2021, Abacus Health Solutions, a Dubai based provider of healthcare solutions, announced the launch of a new robotic dispensing system called the AbacusRX. The system is designed to automate the dispensing of medication in hospitals and pharmacies, reducing errors and improving efficiency.
In January 2021, BioneXt Lab, a leading medical laboratory in the UAE, announced that it had installed a robotic dispensing system in its laboratory in Abu Dhabi. The system is designed to automate the handling of samples, reducing the risk of contamination and improving accuracy.
Global Dispensing Robots Market- Segmental Analysis
Based on the Operational range
200x200mm
300x300mm
400x400mm
Up to 500 mm
Based on End-Use Industry
Pharmaceutical
Healthcare
Automotive
Chemical
Electronics and Electrical
Based on product type
6-axis robots
SCARA robots
Articulated robots
Cylindrical robots
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Dispensing Robots Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Dispensing Robots Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Card Type/Card Type
Company Share Analysis by Product/Specification