Press release
Automation Control System Market to Witness Exponential Growth by 2020
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North America dominates the global market for automation and control system in pharmaceutical and biotech industry due to large number of aging population and accelerates investment in the industry. Asia followed by the Europe are expected to show high growth rates in the next five years in the global automation and control system market in pharmaceutical and biotech industry. China and India are expected to be the fastest growing automation and control system market in pharmaceutical and biotech industry in Asia-Pacific region. Some of the key driving forces for automation and control system market in pharmaceutical and biotech industry in emerging countries are increasing R&D investment, large pool of patients and rising government funding.
In recent times there is increased use of automation and control system in pharmaceutical and biotech industry due to increasing growth of biosimilars. Rise in generic drugs, increase in prevalence of chronic diseases, increasing need of productivity of pharmaceutical drugs and rise in investment by biotechnology market for new drugs are some of the key factors driving the growth for global automation and control system market in pharmaceutical and biotech industry. In addition, increasing healthcare awareness is also fuelling the growth of global automation and control system market in pharmaceutical and biotech industry. However, absence of skilled workforce and different standards adopted by different equipment manufacturers are some of the major factors restraining the growth for the global automation and control system market in pharmaceutical and biotech industry.
Increasing R&D investment and outsourcing of pharmaceutical companies would lead to growth in automation and control system market in pharmaceutical and biotech industry in Asia. In addition, cloud based technology would develop opportunity for the market. However, high cost involved could lead a challenge for global automation and control system market in pharmaceutical and biotech industry. Some of the trends for the global automation and control system market in pharmaceutical and biotech industry are steady shift from batch manufacturing to continuous manufacturing and single use technology in manufacturing. Some of the major companies operating in the global automation and control system market in pharmaceutical and biotech industry are Siemens AG, General Electric, M+W Group and Honeywell International.
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Key points covered in the report
Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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