North America Pharmaceutical Collaborative Robots Market Size & Outlook
North America pharmaceutical collaborative robots market, 2018-2030 (US$M)
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North America pharmaceutical collaborative robots market highlights
- The North America pharmaceutical collaborative robots market generated a revenue of USD 7.6 million in 2023.
- The market is expected to grow at a CAGR of 12.2% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7.6 million |
| Market revenue in 2030 | USD 17.0 million |
| Growth rate | 12.2% (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, North America region accounted for 10.3% 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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North America 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 53.95% in 2023. Horizon Databook has segmented the North America 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.
In 2023, North America dominated the market, due to favorable government initiatives and highly developed healthcare infrastructure. In addition, rising disposable incomes, increasing adoption of robotic technologies, and product launches are some factors anticipated to support regional market growth.
Moreover, North America is among the first regions to adopt pharmaceutical collaborative robot solutions. A growing number of patients suffering from chronic diseases and the rising awareness about the advantages of advanced mobile robots in patient care are anticipated to propel the industry over the forecast period.
Furthermore, ANSI/RIA R15.06 Industrial Robot Safety Standard, a uniform regulation developed by the U.S. and Canada, showcases safety guidelines for collaborative robots. Such guidelines aims to minimize hazardous incidents. These initiatives are also anticipated to boost the demand for collaborative robots in the North American region.
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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 North America pharmaceutical collaborative robots market , including forecasts for subscribers. This continent databook contains high-level insights into North America pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pharmaceutical collaborative robots market size, by country, 2018-2030 (US$M)
North America Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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