South Korea Pharmaceutical Collaborative Robots Market Size & Outlook
South Korea pharmaceutical collaborative robots market, 2018-2030 (US$M)
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South Korea pharmaceutical collaborative robots market highlights
- The South Korea pharmaceutical collaborative robots market generated a revenue of USD 7.0 million in 2023 and is expected to reach USD 15.3 million by 2030.
- The South Korea 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 7.0 million |
| Market revenue in 2030 | USD 15.3 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, South Korea accounted for 9.5% 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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South Korea 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 55.71% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea's booming pharmaceutical industry is a prime adopter of robots to address challenges like labor scarcity and ensure high-quality production. Robots excel at repetitive tasks in pharmaceutical manufacturing, such as drug dispensing and packaging.
This frees up human personnel to focus on more complex activities and quality control, ultimately resulting in stricter adherence to regulations. The integration of robots is anticipated to propel South Korea's pharmaceutical collaborative robot market forward in the coming years.
Moreover, key players in the market are investing in technological advancements of pharmaceutical collaborative robots. For instance, in January 2021, Hanwha Corporation launched the HCR Advanced Series and a collaborative robot solutions package.
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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 Korea pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
South Korea Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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