India Pharmaceutical Collaborative Robots Market Size & Outlook
India pharmaceutical collaborative robots market, 2018-2030 (US$M)
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India pharmaceutical collaborative robots market highlights
- The India pharmaceutical collaborative robots market generated a revenue of USD 2.7 million in 2023 and is expected to reach USD 5.8 million by 2030.
- The India market is expected to grow at a CAGR of 11.8% 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 2.7 million |
| Market revenue in 2030 | USD 5.8 million |
| Growth rate | 11.8% (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, India accounted for 3.6% 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 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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India 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 55.56% in 2023. Horizon Databook has segmented the India 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.
Increasing deployment of collaborative robots in the pharmaceutical sector and launches of new products are boosting the market growth. According to the Draft National Strategy on Robotics, India experienced a notable 54% surge in robotics installations, reaching a total of 4,945 units in 2021.
This positioned India as the 10th highest in annual industrial robot installations globally. Moreover, in February 2024, OMRON Automation announced the expansion of its robotics portfolio in India by introducing the TM S series robots.
This latest addition to OMRON's innovative lineup features expanded safety and faster joints, making it an ideal solution for enhancing efficiency. With increased speed and improved performance, the robots can perform tasks, including assembly and packaging.
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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 India pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into India pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
India Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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