Middle East & Africa Pharmaceutical Collaborative Robots Market Size & Outlook
Middle East & Africa pharmaceutical collaborative robots market, 2018-2030 (US$M)
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MEA pharmaceutical collaborative robots market highlights
- The MEA pharmaceutical collaborative robots market generated a revenue of USD 2.6 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2.6 million |
| Market revenue in 2030 | USD 5.3 million |
| Growth rate | 10.5% (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, MEA region accounted for 3.6% 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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Middle East & Africa 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 53.85% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Countries such as South Africa, Saudi Arabia, and the United Arab Emirates (UAE) in MEA are prospering. Advancements in healthcare systems in these countries are expected to bring pharmaceutical collaborative robots into action.
However, some countries, such as Egypt, Ethiopia, Mozambique, and Liberia, in Africa score low in readiness for pharmaceutical collaborative robots, i.e., lack proper healthcare infrastructure. MEA currently holds the smallest market share due to the lack of awareness and developing healthcare infrastructure.
However, the high cancer incidence and a lack of skilled professionals in this region are expected to boost the need for robotic-assisted surgeries. Although the market size is small, the number of robotic surgeries is increasing, which is expected to fuel market growth 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pharmaceutical collaborative robots market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pharmaceutical collaborative robots market size, by country, 2018-2030 (US$M)
Middle East & Africa Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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