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. 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.
Technavio’s 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. 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:
Technavio Announces the Publication of its Research Report – Global Industrial Automation Market in Life Sciences Industry 2016-2020
Technavio recognizes the following companies as the key players in the global industrial automation market in life sciences industry: Rockwell Automation, Siemens, ABB, and Emerson Electric.
Other Prominent Vendors in the market are: Beckhoff, Bosch Rexroth, GE, Honeywell International, IDEC, Hitachi, Omron, and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “An emerging trend in this market is the increased use of automation solutions on cloud. The life sciences industry is using cloud to better leverage genomic research, open innovation, and collaboration. Cloud adoption is done in case of MMS, calibration management system (CMS), ERP, DCS, SCADA, and PLC systems. Cloud-based software-as-a-service is likely to be a next logical step in the evolution of automation technology in the life sciences industry. The end-users are becoming more comfortable with the concept of service-based technology architecture. Automation providers and end-users can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting toward the cloud-based environment.”
According to the report, a key growth driver is the changing demographics. The growing prevalence of chronic diseases, rising consumer wealth, and aging of the average population are expected to boost the demand for life sciences products, thus necessitating the need for automation of manufacturing and operational processes. Population is aging in developed countries, including Western Europe and Japan. Life expectancy is estimated to increase from 72.4 years in 2014 to 73.6 years in 2020; as a result, the number of people aged more than 65 years will increase to over 606 million or 10.9% of the global population. People aged more than 65 years is estimated to form 22% in Western Europe and 29% in Japan. The rise in life expectancy results from a number of factors such as enhanced living conditions, prevention of communicable diseases, improved sanitation, and growing access to medicine.
Further, the report states that one challenge that could impede market growth is third party access. Such access raises the risk of data breaches and IP leaks.
Rockwell Automation, Siemens, ABB, Emerson Electric, Beckhoff, Bosch Rexroth, GE, Honeywell International, IDEC, Hitachi, Omron, Yokogawa Electric.
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