Mexico Pharmaceutical Robots Market Size & Outlook
Mexico pharmaceutical robots market, 2016-2030 (US$M)
Related Markets
Mexico pharmaceutical robots market highlights
- The Mexico pharmaceutical robots market generated a revenue of USD 1.0 million in 2023 and is expected to reach USD 2.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.9% 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 1.0 million |
| Market revenue in 2030 | USD 2.0 million |
| Growth rate | 9.9% (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, Mexico accounted for 0.5% 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 Latin America, Brazil pharmaceutical robots market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.7 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 70% in 2023. Horizon Databook has segmented the Mexico pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
Mexico’s manufacturing has made the country one of Latin America’s powerhouses for innovation and technology. Advent of Industry 4.0 norms in expanding manufacturing sector coupled with rising adoption of automation technologies is driving the adoption of pharmaceutical robots in the country.
According to the data published by International Federation of Robotics in 2017, Mexico became an important emerging market for industrial robots, with robots accounting for 6,334 units in 2017, exhibiting increase of 7% as compared to 2016. Various initiatives undertaken by government and public & private organizations to increase awareness and promote the adoption of automation are further driving the market growth in the country.
For instance, in 2016, the Association for Advancing Automation (A3) launched A3 Mexico, a not-for-profit trade association, to drive acceptance, growth, and usage of automation equipment in service & manufacturing industries in Mexico through education, advancement, and promotion of automation & other related technologies.
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Our clientele includes a mix of pharmaceutical robots market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico pharmaceutical robots market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pharmaceutical robots market size, by type, 2016-2030 (US$M)
Mexico Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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