Thailand Pharmaceutical Collaborative Robots Market Size & Outlook
Thailand pharmaceutical collaborative robots market, 2018-2030 (US$M)
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Thailand pharmaceutical collaborative robots market highlights
- The Thailand pharmaceutical collaborative robots market generated a revenue of USD 1.0 million in 2023 and is expected to reach USD 2.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 13.2% 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 1.0 million |
| Market revenue in 2030 | USD 2.3 million |
| Growth rate | 13.2% (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, Thailand accounted for 1.3% 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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Thailand 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 Thailand 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.
Thailand has made significant advancements in the development and implementation of robotics technology. The government is investing in technological advancement of robots, which contributes to the market growth.
For instance, the Ministry of Public Health, the Ministry of Education, & the Ministry of Science and Technology jointly set up a committee with a key responsibility to promote medical and health-related innovations. In addition, apart from the board of investment, many public and private organizations have been working together to drive medical innovation.
Moreover, key players in the market are engaging in strategies to strengthen their market position and expand their customer base. For instance, in June 2021, ABB Thailand and data Trine signed an MoU to develop robotics and machine automation solutions enabled by data connectivity.
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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 Thailand pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into Thailand pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
Thailand Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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