South Africa Pharmaceutical Collaborative Robots Market Size & Outlook
South Africa pharmaceutical collaborative robots market, 2018-2030 (US$M)
Related Markets
South Africa pharmaceutical collaborative robots market highlights
- The South Africa pharmaceutical collaborative robots market generated a revenue of USD 0.4 million in 2023 and is expected to reach USD 0.9 million by 2030.
- The South Africa 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.
- Laboratory Applications 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 0.4 million |
| Market revenue in 2030 | USD 0.9 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Picking and packaging |
| Fastest growing segment | Laboratory Applications |
| 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, South Africa accounted for 0.6% 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 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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South 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 50% in 2023. Horizon Databook has segmented the South 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.
The pharmaceutical collaborative robots market in South Africa is set to witness significant growth in the coming decade. The demand for technologically advanced solutions has increased the adoption of various robotic solutions.
These devices can perform tasks that may be difficult or hazardous for humans. In addition, extensive R&D in this field is expected to lead to the development of even more advanced and effective assistive technologies in the coming decade.
These factors are expected to drive the growth and expansion of the market over the forecast period. However, the pharmaceutical robots market in South Africa faces several challenges, such as a small local market, a lack of skilled workforce, poor infrastructure, long lead times, and insufficient regulation.
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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 country-level data and insights on the South Africa pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
South Africa Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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