Global Pharmaceutical Automation Market to Surpass $18.2 Billion by 2029

Pharmaceutical Automation Sector to Reach $18.2 Billion by 2029

Pharmaceutical Automation Market - 2022-2029 Meticulous Research leading global market research company published a research report titled, Pharmaceutical Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic), End User and Geography - Global Forecast to 2029. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5280?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=26-09-2024 The pharmaceutical automation market is projected to reach $18.2 billion by 2029, growing at a CAGR of 12% from 2022 to 2029. This growth is driven by the increasing use of robots in pharmaceutical manufacturing, government support for industrial development, investments in modernizing production facilities, and the rising demand for safe and digitized processes. Significant opportunities for market expansion are also expected due to the growing demand for Industrial Internet of Things (IIoT) solutions and the high demand for COVID-19 vaccine production. However, high initial costs for automation hardware and software, along with limited skilled labor and cybersecurity risks, may pose challenges to market growth. The market is segmented by component (including enterprise-level controls, plant instrumentation, and plant-level controls), mode of automation (semi-automatic and fully-automatic), end user (pharmaceutical and biotech industries), and geography. The enterprise-level controls segment is anticipated to hold the largest market share due to their benefits in enhancing productivity and reducing time-to-market. Semi-automatic systems are expected to dominate due to their blend of manual and machine-aided processes, while the pharmaceutical industry is projected to be the largest end-user segment due to its emphasis on continuous improvement and efficiency. Geographically, Asia-Pacific is expected to lead the market, followed by Europe and North America, thanks to high technical awareness and robust production capabilities in countries like China, Japan, and Singapore. For instance, Thailand s Mahidol University and the Institute of Molecular Biosciences utilize ABB s YuMi cobots and industrial robots to handle virus and antibody samples, showcasing the region s advanced pharmaceutical automation capabilities. Key players in the market include ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan). Buy Now@ https://www.meticulousresearch.com/Checkout/87904065?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=26-09-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Pharmaceutical Automation Market - 2022-2029 the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com