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Panasonic eyes $315 mn in medical robot sales

Panasonic eyes $315 mn in medical robot sales
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First Published: Tue, Jul 07 2009. 10 06 AM IST
Updated: Tue, Jul 07 2009. 10 06 AM IST
Tokyo: Japan’s Panasonic Corp said it plans to launch a drug-dispensing robot by March 2010 in its first foray into the robot business.
The company is targeting robot production as a growth area as its consumer electronics division has been battered by weak demand and price falls. It aims for ¥30 billion ($315 million) in annual medical robot sales in 7 years.
The initial robot, designed to help medical workers in hospitals, is capable of automatically dispensing injectable medication suitable for individual patients based on data provided by pharmacists. Each unit will sell for tens of millions of yen (several hundred thousand dollars), a Panasonic spokesman said on Tuesday.
The firm, which vies with Sony Corp for the position as the world’s largest consumer electronics maker, aims for ¥100 billion or more in sales from its overall robot operations in the year ending March 2016.
Shares in Panasonic, which forecast group-wide revenues of ¥7 trillion for the current financial year ending 31 March, were up 0.8% at ¥1,279, outperforming a 0.8% fall in the Tokyo stock market’s electrical machinery index.
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First Published: Tue, Jul 07 2009. 10 06 AM IST