Robotics is progressing to live up to the hype around it

In the developed world, robots are increasingly seen as a solution to many of the structural problems such as sagging productivity, aging populations, swelling healthcare budgets, and even epidemics of depression in an increasingly fragmented society. In developing countries, where labor costs are low usually, the use of robots is becoming popular in tasks that are difficult and endangering to the workforce.

An analysis of GlobalData’s Disruptor Tech Database reveals the growing demand for automation and rapid boom in industrialization, lack of skilled workers, exorbitant labor costs and the emergence of sophisticated technology as some of the key drivers behind the accelerating adoption of robots.

Archi Dasgupta, Disruptive Tech Analyst at GlobalData, says: “Several robotic technologies have evolved over the last decade and the best way to classify them is based on their application – industrial, service, household, medical, military, entertainment, space, and hobby and competition. Such robots are increasingly finding success in industries beyond manufacturing, including aerospace & defense, agriculture & forestry, automotive, consumer & retail, construction & real estate, financial services, metals & mining, pharma & healthcare and transportation & logistics.”

In pharma, the oral delivery of large drug molecules remained elusive until the recent advent of robotic pill that has the potential to replace painful drug injections. Silicon Valley startup Rani Therapeutics developed ‘Auto-Pill’, a breakthrough robotic pill capable of delivering biologics, peptides and antibodies into desired areas of human body without causing any pain.