U.S. Pharmaceutical Collaborative Robots Market Size & Outlook
U.S. pharmaceutical collaborative robots market, 2018-2030 (US$M)
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U.S. pharmaceutical collaborative robots market highlights
- The U.S. pharmaceutical collaborative robots market generated a revenue of USD 6.4 million in 2023 and is expected to reach USD 14.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12% 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 6.4 million |
| Market revenue in 2030 | USD 14.1 million |
| Growth rate | 12% (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, U.S. accounted for 8.7% 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 North America, U.S. pharmaceutical collaborative robots market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2.8 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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U.S. 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 54.69% in 2023. Horizon Databook has segmented the U.S. 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 well-established healthcare infrastructure contributes to the increasing demand for collaborative robots in the pharmaceutical industry. Moreover, robots are increasingly used in various applications in the pharmaceutical industry due to advancements in robotics technology and increased flexibility.
For instance, in May 2023, Elite Robots launched the C S620 robot at the EASTEC trade show in West Springfield, Massachusetts. The robot is a part of the company's CS series, built on an advanced software infrastructure featuring a modular graphical user interface supporting the Python scripting language.
In addition, the CS series is rated for ISO Class 5 cleanrooms, making it ideal for industries that require a high level of hygiene, such as pharmaceuticals and electronics. Furthermore, increased funding and rising awareness regarding the benefits of robots in healthcare is expected to positively impact the market.
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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 U.S. pharmaceutical collaborative robots market , including forecasts for subscribers. This country databook contains high-level insights into U.S. pharmaceutical collaborative robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. pharmaceutical collaborative robots market size, by application, 2018-2030 (US$M)
U.S. Pharmaceutical Collaborative Robots Market Outlook Share, 2023 & 2030 (US$M)
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