Collaborative Robots to Grow at a 14% CAGR in the Pharmaceutical Industry
The use of collaborative robots or "cobots" is on the rise in the pharmaceutical industry. Pharmaceutical application takes up around 0.05% of the total medical robot market size. Valued at USD 553 million, the pharmaceutical robotic market is forecasted to grow at 15.7% CAGR to reach USD 2 billion by 2030. In hospital settings, pharmacy robots are often included under the category of hospital logistic robots. According to a report by Next Move Strategy Consulting, pharmaceutical and laboratory robots together accounted for 60% of the total hospital logistic robot a report by Next Move