Industrial Automation in Life Sciences Market Scope
Life science companies are implementing smart manufacturing technologies that connect processes, facilities, business systems and suppliers. The idea of 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 in life sciences 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. Factors like Changing Demographics & Rapid Improvement in Sensor Technology is driving the Global Industrial Automation in the Life Sciences market.
The market study is being classified by Type (DCS [Distributed Control System], PLC [ Programmable Logic Controller], SCADA [Supervisory Control & Data Acquisition] and MES [Military Engineer Services]), by Application (Biotechnology, Medical Device and Pharmaceuticals) and major geographies with country level break-up. According to AMA, the Global Industrial Automation in Life Sciences market is expected to see growth rate of 5.86%
The industrial automation market in the life sciences industry is fairly fragmented with several companies offering services and document management systems such as maintenance management system (MMS), laboratory information management system, manufacturing resource planning system and order management system. Moreover, automation in the life sciences will also reduce the number of occupational hazards and injuries. These factors will contribute to the cost-effectiveness of industrial automation systems, which will lead to the growth of the market in the life sciences industry
Beckhoff (Germany), IDEC Corporation (Japan), ABB (Switzerland), Omron Corporation (Japan), Rockwell Automation (United States), Hitachi, Ltd. (Japan), Bosch Rexroth Ag (Germany) and Honeywell International are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GE, Inc. (United States), Emerson Electric Co. (United States), Siemens (Germany), Yokogawa Electric (Japan) and Brooks Automation, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Industrial Automation in Life Sciences market by Type, Application and Region.
On the basis of geography, the market of Industrial Automation in Life Sciences has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Industrial Automation in Life Sciences market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
May 2018, Brooks Life Sciences, a global leader in automated solutions for temperature-controlled storage and management of compounds and biological samples, announced the launch of the BioStore III Cryo automated freezer for 250ml cryobags at the International Society for Cellular Therapy event in Montreal. and The latest version of BioStore III Cryo brings simple, automated management for 250mL cryobags to the market for the first time, enabling users to avoid the risk of errors and variability inherent in manual inventory handling.
- The Advent of Data-based decision & Increasing R & D in Biotechnology companies.
- Introduction of Automation Solution on Cloud
- Implementation of Industrial Automation
- Improving Product and Services Quality in LifeSciences
- Adoption of Automation by Life Sciences Companies
- Changing Demographics & Rapid Improvement in Sensor Technology
- Huge Investment by Pharmaceutical Companies in Automation Process
- Risk of Cybersecurity in Industrial Automation in LifeSciences
- High Speed and High Bandwidth Internet is Required For Sending and Accessing Data across Cloud-Based Environment
- Lack of Expertise in the field of Automation in LifeSciences
Key Target AudienceIndustrial Automation LifeSciences Solution Provider, IT Manufacturers, Downstream Vendors, Industry Associations, Marketing & Consulting Firms and System Integrators
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