Latin America Pharmaceutical Robots Market Size & Outlook
Latin America pharmaceutical robots market, 2016-2030 (US$M)
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Latin America pharmaceutical robots market highlights
- The Latin America pharmaceutical robots market generated a revenue of USD 6.1 million in 2023.
- The market is expected to grow at a CAGR of 10.2% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6.1 million |
| Market revenue in 2030 | USD 12.0 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Traditional robots |
| Fastest growing segment | Collaborative Robots |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.0% of the global pharmaceutical robots market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 43.2 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 65.57% in 2023. Horizon Databook has segmented the Latin America pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
Majority of the countries in Latin America region are developing nations, witnessing technological advancements and groundbreaking research. Presence of untapped opportunities in emerging countries, such as Brazil and Mexico, is expected to propel the growth of pharmaceutical robots market during the forecast period.
According to IFR, Mexico is considered as an emerging market for industrial robots, with sales of around 6,334 units in 2017. The IFR also estimated that import of robots by Brazil increased at an annual rate of 5.3% since 2012. However, 961 robot shipments were registered in 2017 in Brazil, and the number is estimated to increase to 1,200 units by 2021.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pharmaceutical robots market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pharmaceutical robots market size, by country, 2016-2030 (US$M)
Latin America Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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