Asia Pacific Pharmaceutical Collaborative Robots Market Size & Outlook
Asia Pacific pharmaceutical collaborative robots market, 2018-2030 (US$M)
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Asia Pacific pharmaceutical collaborative robots market highlights
- The Asia Pacific pharmaceutical collaborative robots market generated a revenue of USD 49.2 million in 2023.
- The market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, picking and packaging was the largest revenue generating application in 2023.
- Picking and Packaging is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 49.2 million |
| Market revenue in 2030 | USD 92.4 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Picking and packaging |
| Fastest growing segment | Picking and Packaging |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Picking and Packaging, Inspection of Pharmaceutical Drugs, Laboratory Applications |
| Key market players worldwide | ABB Ltd, Teradyne Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, YASKAWA Electric Corp, Fanuc Corp, OMRON Corp, Seiko Epson Corp, Denso Corp, KUKA Robotics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 66.7% of the global pharmaceutical collaborative robots market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 17.0 million by 2030.
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Pharmaceutical Collaborative Robots Market Scope
Pharmaceutical Collaborative Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pharmaceutical collaborative robots market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical collaborative robots market will help companies and investors design strategic landscapes.
Picking and packaging was the largest segment with a revenue share of 54.88% in 2023. Horizon Databook has segmented the Asia Pacific pharmaceutical collaborative robots market based on picking and packaging, inspection of pharmaceutical drugs, laboratory applications covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to grow significantly over the forecast period. Emerging robotics startups are expected to fuel this growth by developing innovative medical technologies that optimize patient care, enhance healthcare delivery, and reduce costs.
Union Finance Minister highlighted India's status as the third-largest global startup ecosystem and second in innovation quality among middle-income countries, backed by initiatives like the Startup India Seed Fund Scheme and a National Data Governance Policy.
These initiatives benefit various industries, including this market, where technological advancements from health tech startups can drive the development of enhancing patient care, healthcare processes, and advanced robotic solutions.
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Target buyers of Asia Pacific pharmaceutical collaborative robots market databook
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Our clientele includes a mix of pharmaceutical collaborative robots market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pharmaceutical collaborative robots market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pharmaceutical collaborative robots market size, by country, 2018-2030 (US$M)
Asia Pacific Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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