India Pharmaceutical Robots Market Size & Outlook
India pharmaceutical robots market, 2016-2030 (US$M)
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India pharmaceutical robots market highlights
- The India pharmaceutical robots market generated a revenue of USD 1.9 million in 2023 and is expected to reach USD 5.4 million by 2030.
- The India market is expected to grow at a CAGR of 16.2% 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 1.9 million |
| Market revenue in 2030 | USD 5.4 million |
| Growth rate | 16.2% (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, India accounted for 1.0% 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 Asia Pacific, China pharmaceutical robots market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5.4 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 63.16% in 2023. Horizon Databook has segmented the India pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
Rapid advancements in digital healthcare are expected to drive the demand for these services in India. Growing pharmaceutical industry and various benefits offered by robotic systems in pharmaceutical manufacturing, such as increased production flexibility, improved production output & product quality, lesser space utilization, no labor turnover, lower operating costs, enhanced health & safety, reduced production downtime, and better waste management, are driving the adoption of robots, thereby aiding market growth.
According to an article published by the mint in April 2020, the adoption and usage of robotic technology is expected to increase in India across all types of healthcare settings despite their high prices, owing to the availability of a smaller number of healthcare professionals for more than 1.3 billion population.
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Horizon Databook provides a detailed overview of country-level data and insights on the India pharmaceutical robots market , including forecasts for subscribers. This country databook contains high-level insights into India pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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India pharmaceutical robots market size, by type, 2016-2030 (US$M)
India Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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