During The Period 2016-2020, Global Industrial Automation in Life Sciences Market Will Grow At A CAGR Of 5.69%
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About Automation in the Life Sciences Industry
The life sciences industry is characterized by expiring patents, rising cost of R&D, shorter time to market, aggressive marketing, and growing number of strict legal regulations.
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Pharmaceutical manufacturers are thus embracing flexible methods to optimize the entire supply chain and reduce the time to market. The major types of industrial automation solutions such as DCS, PLC, SCADA, and MES are used on a large scale in the life sciences industry. These technologies can be applied to a range of processes, starting from the procurement of raw materials to the distribution of the finished goods.
The life sciences industry is always under close scrutiny from regulatory bodies. Automation technologies offer a range of solutions that are designed to control and monitor, and document the manufacturing and distribution process of drugs according to the standards set by the different government health agencies worldwide.
Technavios analysts forecast the global industrial automation in life sciences industry market to grow at a CAGR of 5.69% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial automation in life sciences industry market for 2016-2020.
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To calculate the market size, the report considers the revenue generated from sales and aftermarket services of programmable logic controllers (PLCs), manufacturing execution systems (MES), supervisory control and data acquisition (SCADA), and distributed control system (DCS).
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Automation in Life Sciences Industry Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Rockwell Automation
Siemens
ABB
Emerson Electric
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