DUBLIN--(BUSINESS WIRE)--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
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Open process automation
-
Advent of Industry 4.0
-
Advent of data-based decision-making
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Rapid improvement in sensor technology
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Increasing PLC advancement
Key vendors
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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