The total revenue of MES Market for life sciences industry was $746.77 million in 2013 and is expected to grow to $1,488.40 million in 2020, at an estimated CAGR of 10.53% from 2014 to 2020. The pharmaceutical and biotechnology sectors are the major drivers to the MES market for life sciences industry. Major system integrators are currently on an acquisition spree to provide complete set of solutions from process control to ERP software. The key functions of MES applications vary from industry to industry and also by plant/factory size and complexity of the operations to be carried out. The application of MES has enabled companies in life sciences and medical devices companies to effective batch processing and packaging operations. The Healthcare industry is highly regulated industry across the globe, especially in U.S. and European region. The Lifesciences sector complies with respective guidelines and rules issued by Ministry of Health of concerned countries across the world. The major areas in focus with respect to the products manufactured by the Lifesciences Sector are: Segments of MES Market
Researchers segment the global manufacturing execution system market on the basis of the functions, applications and demand of these systems. Based on the types of products or functions, the global market is categorized into resource allocation and status, scheduling, document control, dispatch and production, labor management, performance analysis, genealogy and product tracking, quality analysis, equipment effectiveness, maintenance management, inventory management and so on. Application sub-segments include oil and gas, food and beverages, water and wastewater management, life sciences, aerospace and defense, paper and pulp, fast moving consumer goods, and chemicals. Geographic segments include Europe, North America, APAC and the rest of the world.
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