South Africa Pharmaceutical Robots Market Size & Outlook
South Africa pharmaceutical robots market, 2016-2030 (US$M)
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South Africa pharmaceutical robots market highlights
- The South Africa pharmaceutical robots market generated a revenue of USD 1.1 million in 2023 and is expected to reach USD 2.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11% 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 1.1 million |
| Market revenue in 2030 | USD 2.4 million |
| Growth rate | 11% (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, South Africa accounted for 0.6% 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 Middle East & Africa, South Africa pharmaceutical robots market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.5 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 63.64% in 2023. Horizon Databook has segmented the South Africa pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
South Africa is lagging as compared to other countries in the world. IFR 2018 statistics showcased the annual shipment of around 6,681 multipurpose industrial robots in Africa in the year 2017. Private sector companies have considered regional pharmaceutical production in South Africa, but almost all have failed to make an investment owing to factors including small local market, lack of skilled workforce, poor infrastructure, long lead times, insufficient regulation, and export-averse culture.
This has resulted in the widespread adoption of automation as a critical development area at both industrial and government levels within the 16-state Southern African Development Community. In addition, health inequalities are hindering the people’s access to essential medicines, which is increasing the demand for innovation and development.
Formation of networks such as African Robotics Network (AFRON)—a group of organizations and individuals aimed at promoting collaborations to increase robotics education—is anticipated to aid in market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa pharmaceutical robots market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pharmaceutical robots market size, by type, 2016-2030 (US$M)
South Africa Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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