Canada Pharmaceutical Robots Market Size & Outlook
Canada pharmaceutical robots market, 2016-2030 (US$M)
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Canada pharmaceutical robots market highlights
- The Canada pharmaceutical robots market generated a revenue of USD 3.2 million in 2023 and is expected to reach USD 7.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, traditional robots was the largest revenue generating type in 2023.
- Collaborative Robots is the most lucrative type segment registering the fastest growth during the forecast period.
Pharmaceutical robots market data book summary
| Market revenue in 2023 | USD 3.2 million |
| Market revenue in 2030 | USD 7.2 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Traditional robots |
| Fastest growing segment | Collaborative Robots |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Robots, Collaborative Robots |
| Key market players worldwide | ABB Ltd, Teradyne Inc, Kawasaki Heavy Industries Ltd, YASKAWA Electric Corp, Fanuc Corp, Marchesini Group, Seiko Epson Corp, Denso Corp, Mitsubishi Electric Corp, KUKA Robotics |
Other key industry trends
- In terms of revenue, Canada accounted for 1.6% of the global pharmaceutical 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 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 7.2 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada pharmaceutical 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 robots market will help companies and investors design strategic landscapes.
Traditional robots was the largest segment with a revenue share of 65.63% in 2023. Horizon Databook has segmented the Canada pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
Increasing adoption of pharmaceutical robots by various pharmaceutical companies for various applications including picking & packaging and inspection of pharmaceutical drugs is further driving the market growth in the country. For instance, Maalex, a Canadian startup, provides end of arm tooling solutions for enabling efficient robotic function.
The company’s mobile tech center enables users to test any robotic automation idea with the help of a collaborative robot OB7. The robot supports in testing applications such as pick and place. The company caters to various industries including consumer packaged goods, automotive, and pharmaceutical industries.
Rise in the number of initiatives undertaken by various organizations by supporting customers to realize the potential of automation as well as increase their flexibility in a rapidly changing business landscape is further anticipated to drive the market growth in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pharmaceutical robots market , including forecasts for subscribers. This country databook contains high-level insights into Canada pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pharmaceutical robots market size, by type, 2016-2030 (US$M)
Canada Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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