Australia Pharmaceutical Collaborative Robots Market Size & Outlook
Australia pharmaceutical collaborative robots market, 2018-2030 (US$M)
Related Markets
Australia pharmaceutical collaborative robots market highlights
- The Australia pharmaceutical collaborative robots market generated a revenue of USD 1.5 million in 2023 and is expected to reach USD 3.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 11% 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.
Pharmaceutical collaborative robots market data book summary
| Market revenue in 2023 | USD 1.5 million |
| Market revenue in 2030 | USD 3.1 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Picking and packaging |
| Fastest growing segment | Picking and Packaging |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.0% of the global pharmaceutical collaborative robots market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pharmaceutical collaborative robots market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 2.3 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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Australia 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 53.33% in 2023. Horizon Databook has segmented the Australia 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.
R&D activities to fulfill the demand for technologically advanced collaborative robots are expected to increase the utilization & adoption of robotics technology in pharmaceutical applications. For instance, in November 2022, On Robot introduced the automated platform, D:PLOY, for collaborative robot deployment in Australia.
The innovation is expected to streamline automation processes for manufacturers across various industries. With potential savings of up to 90% on deployment and redeployment time, D:PLOY is compatible with leading collaborative and light industrial robots.
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Target buyers of Australia 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 country-level data and insights on the Australia pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into Australia pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
Australia Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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