Europe Pharmaceutical Collaborative Robots Market Size & Outlook
Europe pharmaceutical collaborative robots market, 2018-2030 (US$M)
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Europe pharmaceutical collaborative robots market highlights
- The Europe pharmaceutical collaborative robots market generated a revenue of USD 12.1 million in 2023.
- The 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.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 12.1 million |
| Market revenue in 2030 | USD 21.3 million |
| Growth rate | 8.4% (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, Europe region accounted for 16.4% 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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Europe 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 54.55% in 2023. Horizon Databook has segmented the Europe 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 Europe pharmaceutical collaborative robots market accounted for the second largest revenue share of 16.43% in 2023 and is expected to maintain its position till 2030. Germany, France, Italy, and the UK are some of the major contributors to this market.
The region is expected to grow at a lucrative rate during the forecast period due to the presence of skilled professionals and well-established healthcare infrastructure. Recent data from the International Federation of Robotics IFR 2024 revealed that Germany is one of the leading countries in the world regarding the number of robots per employee.
The country had approximately 415 robot units for every 10,000 employees in 2023. This has led to a significant rise in the demand for pharmaceutical robots in various parts of Europe. Furthermore, the European robotics community’s Strategic Research Agenda focuses on achieving strategic goals, including the robotics market growth.
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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 continent-level data and insights on the Europe pharmaceutical collaborative robots market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pharmaceutical collaborative robots market size, by country, 2018-2030 (US$M)
Europe Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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