The Industrial Automation Market for the Life Sciences Industry is Growing at $2.42 Billion — Driven by Improving Quality of Life Sciences Products and Services

NEW YORK, August 8, 2022 /PRNewswire/ — The “Industrial Automation in Life Sciences Industry Market by Product and Geography – Forecast and Analysis 2021-2025‘ report by Technavio expects the market to witness incremental growth $2.42 billion between 2020 and 2025. The market registered a 5.78% YoY growth in 2021 and the growth momentum is expected to accelerate at a CAGR of 7.35% over the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, key revenue-generating segments, and market behavior across all regions. Download a PDF sample report here

Technavio has announced its latest market research report titled Industrial Automation Market in Life Sciences Industry by Product and Geography – Forecast and Analysis 2021-2025

The industrial automation market in the life sciences industry is fragmented and the degree of fragmentation is set to accelerate over the forecast period. Vendors employ various organic and inorganic growth strategies such as: B. launching new products and engaging in M&A activities to remain competitive in the market.

The market is primarily driven by the improved quality of products and services in the life sciences. However, infrastructure and integration issues could hamper the growth of market participants. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their market position. Market providers must also capitalize on existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corp. are some of the most important market participants. View sample report here

The Industrial Automation in Life Sciences Industry market is segmented as follows:

The DCS segment accounted for the largest market share in 2020. The segment is driven by the increasing adoption of technology in the life sciences industry, particularly in the pharmaceutical sector. The market growth in this segment will be significant during the forecast period.

39% of market growth comes from North America during the forecast period. The USA is the key market for industrial automation in the life sciences sector North America. The presence of a large pool of patients is one of the key factors behind the growth of the regional market. Market growth in the region will be slower than market growth in other regions.

Technavio presents a detailed picture of the market by examining, synthesizing and aggregating data from multiple sources. Industrial Automation Market in Life Sciences Industry Report covers the following areas:

Industrial Automation in Life Sciences Industry Market 2021-2025: Key Highlights

  • CAGR of market during forecast period 2021-2025

  • Detailed information on factors that will support Industrial Automation Market growth over the next five years

  • To estimate the size of the industrial automation market and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the industrial automation market in the life sciences industry

  • Analysis of the competitive landscape of the market and detailed information about vendors

  • Comprehensive details of factors that will challenge the growth of the Industrial Automation market vendors

Related reports:

Industrial Automation in Life Sciences Market: Scope

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 7.35%

Market growth 2021-2025

$2.42 billion

market structure

fragmented

YoY Growth (%)

5.78

Regional Analysis

North America, Europe, APAC, South America and MEA

make a market contribution

North America at 39%

Important consumer countries

USA, Germany, France, Great Britain and Japan

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corp.

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents:

summary

market landscape

  • market ecosystem

  • Analysis of the value chain

market size

Five Forces Analysis

Market segmentation by product

  • market segments

  • Comparison by product

  • DCS – Market Size and Forecast 2020-2025

  • SCADA – Market Size and Forecast 2020-2025

  • PLC – Market Size and Forecast 2020-2025

  • MES – Market Size and Forecast 2020-2025

  • Market opportunity by product

customer landscape

geographic landscape

  • Geographic Segmentation

  • Geographical comparison

  • North America – Market Size and Forecast 2020-2025

  • Europe – Market Size and Forecast 2020-2025

  • APAC – Market Size and Forecast 2020-2025

  • South America – Market Size and Forecast 2020-2025

  • MEA – Market Size and Forecast 2020-2025

  • Important Leading Countries

  • Market Opportunities by Geography

  • market leader

  • market challenges

  • market trends

provider landscape

  • overview

  • provider landscape

  • disturbance of the landscape

Vendor Analysis

  • providers covered

  • Market positioning of providers

  • ABB Ltd.

  • Emerson Electric Co.

  • Honeywell International Inc.

  • Mitsubishi Electric Corp.

  • OMRON Corp.

  • Parker Hannifin Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Yokogawa Electric Corp.

Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

View original content to download multimedia: https://www.prnewswire.com/news-releases/industrial-automation-market-in-life-sciences-industry-to-records-usd-2-42-bn -growth– driven-by-improved-quality-of-products-and-services-in-life-sciences-301600788.html

SOURCE Technavio

Leave a Comment

Your email address will not be published.