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Smart Life Sciences Manufacturing Market Forecast to 2033 - COVID-19 Impact and Global Analysis by Component (Solutions and Services), Technology [AR/VR Systems, Internet of Things (IoT), Artificial Intelligence (AI), Cybersecurity, Big Data, and Others], and Application (Pharma, Bio-Pharma, and Medical Device)
- Report Code : TIPRE00029832
- Pages : 212
The smart life sciences manufacturing market is projected to reach US$ 78,974.61 million by 2033, registering a CAGR of 14.4% from 2023 to 2033.
Technology has been playing a major role in the healthcare sector, wherein the biotechnology industry is the most benefited segment by recent technological advancements in data analytics, compared to other domains such as oncology, neurology, and immunology. Emerging data sciences technologies assist in the growth of the biotechnology industry. Analysis of living organisms, research for novel drugs, etc. are major roles played by biotechnology laboratories. Modern data analytics tools have allowed biotechnology researchers to create predictive analytics models and understand the most effective ways to achieve desired goals and objectives. Big data, AI, virtual reality, data visualization, and data security are among the common technologies used in biotech laboratories. Novozymes, a leading global biotechnology company headquartered in Bagsværd, just outside of Copenhagen, Denmark, has adopted Tableau, a data visualization tool, which revolutionized its approach to data analysis and collaboration. AstraZeneca, plc, a British–Swedish multinational pharmaceutical and biotechnology company, uses data and technology to minimize the time to discovery and delivery of potential new medicines. The company has data science and AI capabilities embedded in its R&D departments, which allows scientists to push the boundaries of science to deliver life-changing medicines. Such adoptions are expected to boost the smart life sciences manufacturing market growth during the forecast period.
China accounts for the largest share in the smart life sciences manufacturing market in Asia Pacific, followed by Japan and India. China has one of the fastest growing smart life sciences manufacturing markets globally. Chinese firms have been one of the keenest adopters of technology in APAC as they seek to gain a competitive edge through digitalization and innovation. The manufacturers have collaborated with each other for the successful deployment of advanced technologies. In March 2022, Triastek and Siemens Ltd., China signed a strategic collaboration agreement to provide digital technologies for the global pharmaceutical industry. Triastek is actively implementing a continuous manufacturing approach with advanced digital tools to streamline and improve its manufacturing processes and products. Such factors promote the revenue generation of smart life sciences manufacturing market players operating in China. Moreover, the country has flourishing biotechnology industry, which led to increased investments in biotech firms over the period. China-based biotech firms have seen 100 times increase in total market value to more than US$300 billion from 2016 to 2021. Biopharma companies are exploring China and other emerging markets for commercial expansion and for acquisition and partnership targets to boost innovation. Therefore, all the above-discussed factors will drive the smart life sciences manufacturing market growth in China during the forecast period.
ABB Ltd, Bosch Rexroth AG, Emerson Electric Co, Fortinet Inc, General Electric Co, Honeywell International Inc, IBM Corporation, Rockwell Automation, Siemens AG, and Sophos Group plc are among the key smart life sciences manufacturing market players profiled during this market study. In addition to these players, several other essential market players were studied and analyzed to get a holistic view of the global smart life sciences manufacturing market and its ecosystem.
The overall smart life sciences manufacturing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the smart life sciences manufacturing market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the smart life sciences manufacturing market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Smart Life Sciences Manufacturing Market – By Component
1.3.2 Global Smart Life Sciences Manufacturing Market – By Technology
1.3.3 Global Smart Life Sciences Manufacturing Market – By End Use Industry
1.3.4 Global Smart Life Sciences Manufacturing Market – By Geography
2. Smart Life Sciences Manufacturing Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Life Sciences Manufacturing Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Smart Life Sciences Manufacturing Market – Premium Insights
5.1 Premium Insights
5.1.1 Start-Up Landscape
5.1.2 End User/Customer’s Vision
5.1.3 Smart Laboratory Trends
6. Smart Life Sciences Manufacturing Market – Key Market Dynamics
6.1 Market Drivers
6.1.1 Rising Adoption of Pharma 4.0
6.1.2 Increasing Use of Technologies in BIoTechnology Laboratories
6.2 Market Restraints
6.2.1 Presence of Skill Gap and Need for High Initial Investment
6.3 Market Opportunities
6.3.1 Use of Artificial Intelligence in Cancer Research
6.3.2 Adoption of Virtual Reality in Smart Factory
6.4 Future Trends
6.4.1 Connection to Data Silos
6.4.2 Usage of Blockchain
6.4.3 Emergence of Industry 5.0
6.5 Impact Analysis of Drivers and Restraints
7. Smart Life Sciences Manufacturing Market – Global Analysis
7.1 Geographical Overview
7.2 Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
7.3 Company Market Share Analysis
8. Smart Life Sciences Manufacturing Market Analysis – By Component
8.1 Overview
8.2 Smart Life Sciences Manufacturing Market, By Component (2022 and 2033)
8.3 Solutions
8.3.1 Overview
8.3.2 Solutions: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
8.4 Services
8.4.1 Overview
8.4.2 Services: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9. Smart Life Sciences Manufacturing Market Analysis – By Technology
9.1 Overview
9.2 Smart Life Sciences Manufacturing Market, By Technology (2022 and 2033)
9.3 AR/VR System
9.3.1 Overview
9.3.2 AR/VR System: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9.4 Internet of Things (IOT)
9.4.1 Overview
9.4.2 Internet of Things (IOT): Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9.5 Artificial Intelligence
9.5.1 Overview
9.5.2 Artificial Intelligence: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9.6 Cyber Security
9.6.1 Overview
9.6.2 Cyber Security: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9.7 Big Data
9.7.1 Overview
9.7.2 Big Data: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
10. Smart Life Sciences Manufacturing Market Analysis – By End Use Industry
10.1 Overview
10.2 Smart Life Sciences Manufacturing Market, By End Use Industry (2022 and 2033)
10.3 Pharma
10.3.1 Overview
10.3.2 Pharma: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
10.4 Bio-Pharma
10.4.1 Overview
10.4.2 Bio-Pharma: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
10.5 Medical Device
10.5.1 Overview
10.5.2 Medical Device: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
11. Smart Life Sciences Manufacturing Market Analysis – By Region
11.1 North America: Smart Life Sciences Manufacturing Market
11.1.1 Overview
11.1.2 North America: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.3 North America: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.1.4 North America: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.1.5 North America: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.1.6 North America: Smart Life Sciences Manufacturing Market, by Country, 2022 & 2033 (%)
11.1.6.1 US: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.1.1 Overview
11.1.6.1.2 US: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.1.3 US: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.1.6.1.4 US: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.1.6.1.5 US Smart Life Sciences Manufacturing Market, by End Use Industry, 2022–2033 (US$ Million)
11.1.6.2 Canada: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.2.1 Overview
11.1.6.2.2 Canada: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.2.3 Canada: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.1.6.2.4 Canada: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.1.6.2.5 Canada: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.1.6.3 Mexico: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.3.1 Overview
11.1.6.3.2 Mexico: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.1.6.3.3 Mexico: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.1.6.3.4 Mexico: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.1.6.3.5 Mexico: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2 Europe: Smart Life Sciences Manufacturing Market
11.2.1 Overview
11.2.2 Europe: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.3 Europe: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.4 Europe: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.5 Europe: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6 Europe: Smart Life Sciences Manufacturing Market, by Country, 2022 & 2033 (%)
11.2.6.1 Germany: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.1.1 Overview
11.2.6.1.2 Germany: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.1.3 Germany: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.1.4 Germany: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.1.5 Germany: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6.2 France: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.2.1 Overview
11.2.6.2.2 France: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.2.3 France: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.2.4 France: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.2.5 France: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6.3 Italy: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.3.1 Overview
11.2.6.3.2 Italy: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.3.3 Italy: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.3.4 Italy: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.3.5 Italy: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6.4 UK: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.4.1 Overview
11.2.6.4.2 UK: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.4.3 UK: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.4.4 UK: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.4.5 UK: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6.5 Spain: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.5.1 Overview
11.2.6.5.2 Spain: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.5.3 Spain: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.5.4 Spain: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.5.5 Spain: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.2.6.6 Rest of Europe: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.6.1 Overview
11.2.6.6.2 Rest of Europe: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.2.6.6.3 Rest of Europe: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.2.6.6.4 Rest of Europe: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.2.6.6.5 Rest of Europe: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3 Asia Pacific: Smart Life Sciences Manufacturing Market
11.3.1 Overview
11.3.2 Asia Pacific: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.3 Asia Pacific: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.4 Asia Pacific: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.5 Asia Pacific: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6 Asia Pacific: Smart Life Sciences Manufacturing Market, by Country, 2022 & 2033 (%)
11.3.6.1 Australia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.1.1 Overview
11.3.6.1.2 Australia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.1.3 Australia: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.1.4 Australia: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.1.5 Australia: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6.2 China: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.2.1 Overview
11.3.6.2.2 China: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.2.3 China: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.2.4 China: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.2.5 China: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6.3 India: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.3.1 Overview
11.3.6.3.2 India: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.3.3 India: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.3.4 India: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.3.5 India: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6.4 Japan: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.4.1 Overview
11.3.6.4.2 Japan: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.4.3 Japan: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.4.4 Japan: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.4.5 Japan: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6.5 South Korea: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.5.1 Overview
11.3.6.5.2 South Korea: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.5.3 South Korea: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.5.4 South Korea: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.5.5 South Korea: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.3.6.6 Rest of Asia Pacific: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.6.1 Overview
11.3.6.6.2 Rest of Asia Pacific: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.3.6.6.3 Rest of Asia Pacific: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.3.6.6.4 Rest of Asia Pacific: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.3.6.6.5 Rest of Asia Pacific: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.4 Middle East and Africa: Smart Life Sciences Manufacturing Market
11.4.1 Overview
11.4.2 Middle East and Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.3 Middle East and Africa: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.4.4 Middle East and Africa: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.4.5 Middle East and Africa: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.4.6 Middle East and Africa: Smart Life Sciences Manufacturing Market, by Country, 2022 & 2033 (%)
11.4.6.1 South Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.1.1 Overview
11.4.6.1.2 South Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.1.3 South Africa: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.4.6.1.4 South Africa: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.4.6.1.5 South Africa: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.4.6.2 Saudi Arabia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.2.1 Overview
11.4.6.2.2 Saudi Arabia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.2.3 Saudi Arabia: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.4.6.2.4 Saudi Arabia: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.4.6.2.5 Saudi Arabia: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.4.6.3 UAE: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.3.1 Overview
11.4.6.3.2 UAE: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.3.3 UAE: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.4.6.3.4 UAE: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.4.6.3.5 UAE: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.4.6.4 Rest of Middle East & Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.4.1 Overview
11.4.6.4.2 Rest of Middle East & Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.4.6.4.3 Rest of Middle East and Africa: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.4.6.4.4 Rest of Middle East and Africa: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.4.6.4.5 Rest of Middle East and Africa: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.5 South America: Smart Life Sciences Manufacturing Market
11.5.1 Overview
11.5.2 South America: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.3 South America: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.5.4 South America: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.5.5 South America: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.5.6 South America: Smart Life Sciences Manufacturing Market, by Country, 2022 & 2033 (%)
11.5.6.1 Brazil: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.1.1 Overview
11.5.6.1.2 Brazil: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.1.3 Brazil: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.5.6.1.4 Brazil: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.5.6.1.5 Brazil: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.5.6.2 Argentina: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.2.1 Overview
11.5.6.2.2 Argentina: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.2.3 Argentina: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.5.6.2.4 Argentina: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.5.6.2.5 Argentina: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
11.5.6.3 Rest of South America: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.3.1 Overview
11.5.6.3.2 Rest of South America: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
11.5.6.3.3 Rest of South America: Smart Life Sciences Manufacturing Market, by Component, 2022–2033 (US$ Million)
11.5.6.3.4 Rest of South America: Smart Life Sciences Manufacturing Market, by Technology, 2022–2033 (US$ Million)
11.5.6.3.5 Rest of South America: Smart Life Sciences Manufacturing Market, End Use Industry, 2022–2033 (US$ Million)
12. Industry Landscape
12.1 Overview
12.2 Market Initiatives, Expansions, and Strategic Developments
12.3 New Product/Feature Development
12.4 Mergers and Acquisitions
12.5 Agreements, Collaborations, and Joint Ventures
13. Company Profiles
13.1 ABB Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bosch Rexroth AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Emerson Electric Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fortinet Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 General Electric Co
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Honeywell International Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 IBM Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rockwell Automation Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Sophos Group PLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Start-Up Landscape
Table 2. Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Table 3. North America Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 4. North America Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 5. North America Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 6. US Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 7. US Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 8. US Smart Life Sciences Manufacturing Market, by End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 9. Canada Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 10. Canada Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 11. Canada Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 12. Mexico Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 13. Mexico Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 14. Mexico Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 15. Europe Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 16. Europe Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 17. Europe Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 18. Germany Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 19. Germany Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 20. Germany Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 21. France Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 22. France Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 23. France Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 24. Italy Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 25. Italy Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 26. Italy Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 27. UK Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 28. UK Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 29. UK Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 30. Spain Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 31. Spain Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 32. Spain Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 33. Rest of Europe Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 34. Rest of Europe Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 35. Rest of Europe Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 36. Asia Pacific Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 37. Asia Pacific Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 38. Asia Pacific Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 39. Australia Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 40. Australia Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 41. Australia Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 42. China Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 43. China Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 44. China Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 45. India Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 46. India Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 47. India Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 48. Japan Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 49. Japan Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 50. Japan Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 51. South Korea Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 52. South Korea Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 53. South Korea Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 54. Rest of Asia Pacific Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 55. Rest of Asia Pacific Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 56. Rest of Asia Pacific Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 57. Middle East and Africa Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 58. Middle East and Africa Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 59. Middle East and Africa Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 60. South Africa Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 61. South Africa Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 62. South Africa Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 63. Saudi Arabia Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 64. Saudi Arabia Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 65. Saudi Arabia Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 66. UAE Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 67. UAE Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 68. UAE Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 69. Rest of Middle East and Africa Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 70. Rest of Middle East and Africa Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 71. Rest of Middle East and Africa Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 72. South America Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 73. South America Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 74. South America Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 75. Brazil Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 76. Brazil Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 77. Brazil Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 78. Argentina Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 79. Argentina Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 80. Argentina Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 81. Rest of South America Smart Life Sciences Manufacturing Market, by Component – Revenue and Forecast to 2033 (US$ Million)
Table 82. Rest of South America Smart Life Sciences Manufacturing Market, by Technology – Revenue and Forecast to 2033 (US$ Million)
Table 83. Rest of South America Smart Life Sciences Manufacturing Market, End Use Industry – Revenue and Forecast to 2033 (US$ Million)
Table 84. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Life Sciences Manufacturing Market Segmentation
Figure 2. Smart Life Sciences Manufacturing Market Segmentation, By Region
Figure 3. Global Smart Life Sciences Manufacturing Market Overview
Figure 4. Solutions Held Largest Share Of Component Segment In Smart Life Sciences Manufacturing Market
Figure 5. Internet of Things (IoT) Held Largest Share Of Technology Segment In Smart Life Sciences Manufacturing Market
Figure 6. Medical Device Held Largest Share Of End Use Industry Segment In Smart Life Sciences Manufacturing Market
Figure 7. Asia Pacific Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia Pacific: PEST Analysis
Figure 11. Middle East and Africa: PEST Analysis
Figure 12. South America: PEST Analysis
Figure 13. Expert Opinion
Figure 14. Smart Life Sciences Manufacturing Market: Impact Analysis of Drivers and Restraints
Figure 15. Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 16. Smart Life Sciences Manufacturing Market – Global Market Share By Technology – AR/VR Systems (2022)
Figure 17. Smart Life Sciences Manufacturing Market – Global Market Share By Technology – IoT (2022)
Figure 18. Smart Life Sciences Manufacturing Market – Global Market Share By Technology – AI (2022)
Figure 19. Smart Life Sciences Manufacturing Market – Global Market Share By Technology –Cybersecurity (2022)
Figure 20. Smart Life Sciences Manufacturing Market – Global Market Share By Technology –Cybersecurity (2022)
Figure 21. Smart Life Sciences Manufacturing Market Revenue Share, By Component (2022 and 2033)
Figure 22. Solutions: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 23. Services: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 24. Smart Life Sciences Manufacturing Market Revenue Share, By Technology (2022 and 2033)
Figure 25. AR/VR System: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 26. Internet of Things (IOT): Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 27. Artificial Intelligence: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 28. Cyber Security: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 29. Big Data: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 30. Others: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 31. Smart Life Sciences Manufacturing Market Revenue Share, By End Use Industry (2022 and 2033)
Figure 32. Pharma: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 33. Bio-Pharma : Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 34. Medical Device: Smart Life Sciences Manufacturing Market – Revenue, and Forecast to 2033 (US$ Million)
Figure 35. North America: Smart Life Sciences Manufacturing Market, by Key Country – Revenue (2022) (US$ Million)
Figure 36. North America Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 37. US: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 38. Canada: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 39. Mexico: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 40. Europe: Smart Life Sciences Manufacturing Market, by Key Country – Revenue (2022) (US$ Million)
Figure 41. Europe Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 42. Germany: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 43. France: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 44. Italy: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 45. UK: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 46. Spain: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 47. Rest of Europe: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 48. Asia Pacific: Smart Life Sciences Manufacturing Market, by Key Country – Revenue (2022) (US$ Million)
Figure 49. Asia Pacific Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 50. Australia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 51. China: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 52. India: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 53. Japan: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 54. South Korea: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 55. Rest of Asia Pacific: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 56. Middle East and Africa: Smart Life Sciences Manufacturing Market, by Key Country – Revenue (2022) (US$ Million)
Figure 57. Middle East and Africa Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 58. South Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 59. Saudi Arabia: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 60. UAE: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 61. Rest of Middle East & Africa: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 62. South America: Smart Life Sciences Manufacturing Market, by Key Country – Revenue (2022) (US$ Million)
Figure 63. South America Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 64. Brazil: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 65. Argentina: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
Figure 66. Rest of South America: Smart Life Sciences Manufacturing Market – Revenue and Forecast to 2033 (US$ Million)
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the smart life sciences manufacturing market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the smart life sciences manufacturing market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The List of Companies – Smart Life Sciences Market
• ABB Ltd
• Bosch Rexroth AG
• Emerson Electric Co
• Fortinet Inc
• General Electric Co
• Honeywell International Inc
• IBM Corporation
• Rockwell Automation
• Siemens AG
• Sophos Group plc
According to the new research report on “Smart Life Sciences Manufacturing Market Forecast to 2033 –Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 78,974.61 million by 2033, registering a CAGR of 14.4% from 2023 to 2033.
The smart life sciences manufacturing market analysis in Europe is segmented into France, Germany, Russia, the UK, Italy, and the rest of Europe. Europe is one of the developed regions for smart life sciences manufacturing and has seen significant changes in life sciences manufacturing owing to the high implementation of smart solutions and collaborations among smart life sciences manufacturing market players. In May 2020, Adamed Group, one of the largest pharmaceutical manufacturers in Europe, partnered with Predica for the deployment of Microsoft Azure cloud platform, including security, data analytics, machine learning, and app development. Predica designed and developed a fully extensible platform based on Azure data services and Power BI that helped Adamed generate automated forecasts and optimize its supply chain and marketing decisions. Additionally, in 2022, Hovione, a Contract Development and Manufacturing Organization (CDMO) from Portugal, collaborated with GEA to advance continuous tablet manufacturing. COVID-19 pandemic has increased the adoption and implementation of smart manufacturing technologies, especially for the production of ventilators, hospital beds, drugs, and vaccines. This led to a significant change in the regulatory policies of the region for the production and approval of medical devices and drugs. The changing regulatory scenario, high adoption rate of digital technology in life sciences manufacturing, and rising collaborations among market players are expected to augment the smart life sciences manufacturing market growth in Europe during the forecast period.
The smart life sciences manufacturing market analysis is segmented on the basis of component, technology, and application. Based on component, the market is bifurcated into solutions and services. By technology, the smart life sciences manufacturing market is segmented into Augmented Reality/Virtual Reality (AR/VR) systems, Internet of Things (IoT), artificial intelligence (AI), cybersecurity, big data, and others. Based on application, the smart life sciences manufacturing market is segmented into pharma, bio-pharma, and medical device. IoT segment commanded the largest smart life sciences manufacturing market share in 2022.
The top five smart life sciences manufacturing market players operating in 2022 were ABB Ltd, Emerson Electric Co, General Electric Co, Honeywell International Inc, and Siemens AG. The positioning of these “Five Key Players” is derived by giving weightage to the following key performance parameters—overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investments in technology up-gradation, R&D investments, mergers & acquisitions, and other market-related activities. Various other notable smart life sciences manufacturing market players profiled in the global report are Rockwell Automation, Bosch Rexroth AG, Fortinet Inc, IBM Corporation, and Sophos Group plc.
Key Findings of Market Study:
Companies in the life sciences sector are getting advanced day by day. They are embarking on solutions such as 3D technology and virtual reality to avoid risks. This explains how all these technologies connect people, processes, systems, and data, which is further characterized by predictive and adaptive facilities that leverage machine learning, 3D modeling, the Industrial Internet of Things (IIoT), digital twin, remote control, and AR. Many manufacturers focus on preventive and predictive approaches with the help of 3D experience and virtual reality tools. Increasing investments in the development of new technologies and the growing popularity of smart tools for manufacturing among well-known companies would create huge opportunities for companies in the smart life sciences manufacturing market. In September 2022, Boehringer Ingelheim officially deployed the Virtuosi VR education platform for employee training. Virtuosi is a cloud-based learning platform that incorporates 56 courses and 26 VR immersive experiences in more than 100 hours of educational content. Virtuosi is helping Boehringer Ingelheim to advance the skills and knowledge necessary in sterile manufacturing, using tech-forward innovation.
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