Canada Pharmaceutical Collaborative Robots Market Size & Outlook
Canada pharmaceutical collaborative robots market, 2018-2030 (US$M)
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Canada pharmaceutical collaborative robots market highlights
- The Canada pharmaceutical collaborative robots market generated a revenue of USD 1.2 million in 2023 and is expected to reach USD 2.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.3% 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 1.2 million |
| Market revenue in 2030 | USD 2.8 million |
| Growth rate | 13.3% (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, Canada accounted for 1.6% 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 North America, U.S. pharmaceutical collaborative robots market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2.8 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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Canada 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 58.33% in 2023. Horizon Databook has segmented the Canada 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.
Canada is one of the most developed & advanced economies in the world and focuses majorly on medical & healthcare infrastructure. For instance, as per the data published by Canada Institute of Health Information in November 2023, total healthcare spending in Canada by 2023 is anticipated to reach USD 344 billion or USD 8,740 per Canadian citizen.
Various factors contributing to market growth include the presence of key market players in the country, favorable government initiatives, and the increasing usage of robots in the pharmaceutical industry.
For instance, in November 2022, the government of Canada (Minister of Innovation, Science and Industry) invested USD 30 million in Sanctuary Cognitive Systems Corporation, a Vancouver-based AI and robotics company, to develop human-like intelligence in robots to complete physical tasks in the healthcare industry. The aforementioned factors are anticipated to fuel the market over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into Canada pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
Canada Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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