Saudi Arabia Pharmaceutical Collaborative Robots Market Size & Outlook
Saudi Arabia pharmaceutical collaborative robots market, 2018-2030 (US$M)
Related Markets
Saudi Arabia pharmaceutical collaborative robots market highlights
- The Saudi Arabia pharmaceutical collaborative robots market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 0.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.2% 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.
Pharmaceutical collaborative robots market data book summary
| Market revenue in 2023 | USD 0.3 million |
| Market revenue in 2030 | USD 0.7 million |
| Growth rate | 11.2% (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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, South Africa pharmaceutical collaborative robots market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.9 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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Saudi Arabia 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 66.67% in 2023. Horizon Databook has segmented the Saudi Arabia 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 pharmaceutical sector in Saudi Arabia faces various challenges, such as labor shortages, leading to the integration of collaborative robots in the industry. These robots are being used to automate repetitive tasks and reduce the burden on human professionals, addressing workforce scarcity and enhancing overall efficiency.
In addition to addressing labor shortages, robots are helping pharmaceutical companies comply with stringent regulatory standards by ensuring precise and consistent manufacturing processes.
Robots are equipped with advanced sensors and automation technologies that maintain high accuracy & quality throughout production while contributing to improved productivity and safety by handling hazardous or monotonous tasks.
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Target buyers of Saudi Arabia pharmaceutical collaborative robots market databook
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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 Saudi Arabia pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
Saudi Arabia Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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