Global Industrial Automation Market in Life Sciences Industry 2018-2022| Advent of Industry 4.0 Promotes Growth| Technavio

The global industrial automation market in the life sciences industry is expected to post a CAGR of close to 6% during the period 2018-2022, according to the latest market research report by Technavio.

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A key factor driving the growth of the market is the cost-efficiency offered by industrial automation. Industrial automation can assist healthcare personnel in handling more patients, which increases their productivity. Machines and robots can be delegated repetitive and labor-intensive tasks using industrial automation, which helps in saving the overall time and cost and enhances the quality of processes.

This market research report on the global industrial automation market in the life sciences industry 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the advent of Industry 4.0 as one of the key emerging trends in the global industrial automation market in the life sciences industry:

Global industrial automation market in the life sciences industry: Advent of industry 4.0

The growth prospects of Industry 4.0 are being driven by the advent of advanced technologies such as 3D printing, additive manufacturing, IIoT, AI, AR, VR, and Big Data analytics. Industry 4.0 has been assisting pharmaceutical manufacturing companies to increasingly adopt sensors and IoT during the manufacturing process to effectively monitor drug quality.

“Serializability has become essential in pharmaceutical manufacturing companies because of the growing need to maintain precision in the complex pharmaceutical supply chain. This has led to an increase in the need for a proactive, automated, and data-driven approach to developing integrity and agility through the pharmaceutical supply chain. This has led to a rise in the adoption of technologies such as IIoT in the pharmaceutical sector,” says a senior analyst at Technavio for research on automation.

Global industrial automation market in the life sciences industry: Segmentation analysis

This market research report segments the global industrial automation market in the life sciences industry by product (DCS, SCADA, PLC, and MES) and geography (the Americas, APAC, and EMEA).

The DCS segment held the largest market share in 2017, accounting for over 36% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with more than 44% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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