Market revenue in 2023 | USD 0.1 million |
Market revenue in 2030 | USD 0.2 million |
Growth rate | 8.1% (CAGR from 2023 to 2030) |
Largest segment | Picking and packaging |
Fastest growing segment | Inspection of Pharmaceutical Drugs |
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 |
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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 100% in 2023. Horizon Databook has segmented the Sweden 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 industry in Sweden has experienced a surge in the usage of collaborative robots in recent years. These robots have become crucial in enhancing productivity, streamlining operations, and ensuring precision in manufacturing processes.
One of the primary drivers fueling market growth is the increasing demand from SMEs. Compared to larger pharmaceutical companies, SMEs often face limited workforce and financial resources. Collaborative robots offer a cost-effective automation solution that requires minimal investment and infrastructure modifications.
SMEs can automate repetitive and labor-intensive tasks, such as packaging, labeling, & assembly, optimizing their operational efficiency and reducing production costs. This increased accessibility to automation technology empowers SMEs to compete on a level playing field with larger counterparts, leading to the widespread adoption of robots in the pharmaceutical landscape in Sweden.
Horizon Databook provides a detailed overview of country-level data and insights on the Sweden pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into Sweden pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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