China Pharmaceutical Collaborative Robots Market Size & Outlook
China pharmaceutical collaborative robots market, 2018-2030 (US$M)
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China pharmaceutical collaborative robots market highlights
- The China pharmaceutical collaborative robots market generated a revenue of USD 25.0 million in 2023 and is expected to reach USD 43.9 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% 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.
Pharmaceutical collaborative robots market data book summary
| Market revenue in 2023 | USD 25.0 million |
| Market revenue in 2030 | USD 43.9 million |
| Growth rate | 8.4% (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, China accounted for 33.8% 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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China 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 54.4% in 2023. Horizon Databook has segmented the China 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.
Key factors contributing to market growth include increasing partnerships and product launches. For instance, in March 2023, Doosan Robotics Inc., a South Korean company, announced the signing of a memorandum of understanding with Guangxi Pinge, a system integration firm located in the Guangxi, autonomous region of China.
This partnership aimed to develop and sell medical solutions utilizing collaborative robots. As per the agreement, a medical solution that can simultaneously test various sample types will be introduced by modularizing the entire process. This includes sample homogenization, microbial culture, media preparation, microbial injection, discrimination, and detection.
The growing modernization of domestic production facilities is leading to an increase in the production of pharmaceutical collaborative robots in China. Furthermore, the growing geriatric population, rising prevalence of chronic diseases, and favorable government initiatives contribute to the demand for pharmaceutical collaborative robots.
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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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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 China pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into China pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
China Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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