Industrial Automation Market In Life Sciences Industry 2024-2028
The industrial automation market in life sciences industry is forecasted to grow by USD 5.06 bn during 2023-2028, accelerating at a CAGR of 11.4% during the forecast period. The report on the industrial automation market in life sciences industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing global demand for healthcare services, improved data security in industrial automation, and growing demand for improved quality of products and services in life sciences.
Technavio's industrial automation market in life sciences industry is segmented as below:By DeploymentOnsite
Decentralised
By ProductDCS
SCADA
PLC
MES
By GeographyNorth America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing adoption of open-process automation as one of the prime reasons driving the industrial automation market in life sciences industry growth during the next few years. Also, increasing plc advancement and growing implementation of software as a service will lead to sizable demand in the market.
The report on the industrial automation market in life sciences industry covers the following areas:Industrial automation market in life sciences industry sizing
Industrial automation market in life sciences industry forecast
Industrial automation market in life sciences industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation market in life sciences industry vendors that include ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Azbil Corp., Balluff GmbH, Danaher Corp., Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., and Festo SE and Co. KG. Also, the industrial automation market in life sciences industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.