Sep 12, 2018   SOURCE: PR NewsWire

Global Industrial Automation Market in Life Sciences Industry Report 2018-2022

DUBLIN, Sept. 12, 2018 /PRNewswire/ --

The "Global Industrial Automation Market in Life Sciences Industry 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global industrial automation market in life sciences industry to grow at a CAGR of 5.91% during the period 2018-2022.

Global Industrial Automation Market in Life Sciences Industry 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales, renewal, upgrades and maintenance of hardware and software licenses including the services of DCS, MES, SCADA and PLC.

According to the report, one of the major drivers for this market is the greater cost efficiency offered by industrial automation. Implementing industrial automation systems in life sciences industry, will increase the quality and productivity of processes by using machines and robots to perform repetitive and labor-intensive tasks. Automation can also reduce the labor costs significantly. Doctors and nurses can spend more time to address patient's needs, as routine tasks will be delegated to industrial automation resulting in greater return on investment from resources.

Open Process Automation Forum, comprising of various end-users, suppliers, system integrators and standards organizations are developing open, secure, and interoperable process control architecture for automation across various industries, including pharmaceuticals. Open process automation (OPA) vision will lower cost factors by giving reusable components with high interoperability factor, which in turn will drive the demand for industrial automation in life sciences industry.

Further, the report states that one of the major factors hindering the growth of this market is infrastructural and integration issues associated with the implementation of industrial automation systems. High speed and high bandwidth internet is required for sending and accessing data across cloud-based environment. Moreover, integrating industrial automation systems with healthcare and pharmaceuticals operating in heterogeneous environment might be a problem. Thus, these factors hamper the growth of the market in the life sciences industry.

Market trends

    --  Open process automation
    --  Advent of Industry 4.0
    --  Advent of data-based decision-making
    --  Rapid improvement in sensor technology
    --  Increasing PLC advancement

Key vendors

    --  ABB
    --  Emerson Electric
    --  Honeywell
    --  Rockwell Automation
    --  Siemens

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Product

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

For more information about this report, visit

https://www.researchandmarkets.com/research/bclbmb/global_industrial?w=5

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SOURCE Research and Markets