The Smart Life Sciences Manufacturing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Life Sciences Manufacturing Market?
The market size of smart life sciences manufacturing has experienced swift expansion in recent years. The sector was worth $25.07 billion in 2024 and is projected to increase to $28.76 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Life Sciences Manufacturing Industry?
By 2029, the smart life sciences manufacturing market is projected to reach $50.92 billion, with a compound annual growth rate (CAGR) of 15.4%.
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What are the Key Growth Drivers Fueling the Smart Life Sciences Manufacturing Market?
The key drivers in the smart life sciences manufacturing market are:
• Advanced development in materials contributing to tech advancements
• Rising demand for flexible and wearable electronic devices
• Increased focus on energy efficiency
• Rising consumer demand for IoT (Internet of Things) devices
Global Market Segmentation: Identifying Major Smart Life Sciences Manufacturing Industry Segments
The smart life sciences manufacturing market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Augmented Reality And Virtual Reality Systems, Internet of Things (IoT), Artificial Intelligence, Cybersecurity, Big Data, Other Technologies
3) By Application: Pharma, Bio-Pharma, Medical Device
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What are the Emerging Trends Shaping the Future of the Smart Life Sciences Manufacturing Market?
The key trends in the smart life sciences manufacturing market are:
• The utilization of artificial intelligence and machine learning is an emerging trend.
• The adoption of RFID and sensor technologies is gaining prominence.
• The application of photovoltaics is becoming a significant trend.
• Market advancements are also being dictated by new display technologies.
Who Are the Top Competitors & Leading Players in the Smart Life Sciences Manufacturing Market?
Major companies in the smart life sciences manufacturing market are:
• Pfizer Inc.
• Johnson and Johnson
• Siemens AG
• General Electric Co.
• F. Hoffmann-La Roche AG
• International Business Machines Corporation
• AbbVie Inc.
• Merck and Co. Inc.
• Novartis AG
• Sophos Group PLC
• Bristol Myers Squibb
• Thermo Fisher Scientific Inc.
• GlaxoSmithKline PLC
• Sanofi S.A.
• AstraZeneca PLC
• Honeywell International Inc.
• ABB Ltd.
• Eli Lilly and Company
• Gilead Sciences Inc.
• Amgen Inc.
• Emerson Electric Co.
• Moderna Inc.
• Regeneron Pharmaceuticals
• Biogen Inc.
• Vertex Pharmaceuticals
• Rockwell Automation Inc.
• Bosch Rexroth AG
• Alexion Pharmaceuticals
• Fortinet Inc.
• Genentech Inc.
Regional Dominance: Which Area Leads the Global Smart Life Sciences Manufacturing Market?
North America was the largest region in the smart life sciences manufacturing market in 2024
