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Continuous Manufacturing and Serialization drives the market due to need for Personalized medicines
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Life science industry is on the verge of transformation due to the introduction of new product lines, increasing preference for personalized medicines and localized manufacturing and high cost pressure. Life science industry needs the help the digitalization technologies to accelerate the journey of transformation. Increasing focus on improving process flexibility, enhancing operational efficiency, reducing time-to-market, and minimizing costs has shifted the industry from paper based solutions to paperless automation systems. Increasing demand for automation solutions helps the industry to facilitate real-time information management across the enterprise throughout the entire value chain. The major trends like Serialization and Supply chain optimization is increasing the need for integration of various systems across the value chain. Life science industry is one of the highly regulated industries and hence has various regulatory bodies in global and regional level imposing various regulations. For example, USFDA’s Drug Supply Chain and Security Act (DSCSA) and European Union’s Falsified Medicines Directive (EU FMD) and many other regional regulations in Asia, Middle East and Africa, Brazil mandates the serialization drives the implementation of automation systems in various levels of supply chain. Along with this the push for adoption of open standards in process automation drives the automation suppliers to collaborate with IT solution providers to enhance the interoperability of various systems in different levels of automation like DCS,MES,ERP etc. Life Science companies, Regulatory bodies, Government organization and Academic institutions together collaborated to from a technology roadmap to transform the future of Life science industry. The life science industry is expected to see a high rise on number of contract manufacturers as Life science companies focusing on leveraging their expertise in developing innovative technologies. Automation suppliers needs to focus to small manufacturers and contract manufacturers as the leading Life science companies have already established partnership with giant automation providers. Investments on Automation and Pharma 4.0 solutions are high on green field projects of both big and small Life science companies because of the ease of implementation and obtaining regulatory compliance. The market for ACS in Life sciences industry is ahead in US and is mature due the stringent regulations imposed by U.S. Food and Drug Administration(FDA).Europe and Asia is fast growing particularly majorly due to the value chain integration. Activities like sourcing, development and final manufacturing are performed in different regions and final goods are sold in US and Europe which needs compliance from regulatory bodies like USFDA and EMA which drivers the rapid growth in Automation and control system in Life sciences industry.
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