Life Science Analytics

Life Science Analytics Market Size, Growth Insight, Trends and Forecasts to 2030

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The global life science analytics market value is expected to reach US$ 18.12 Billion by the end of 2030, decelerating at a CAGR of 8.25% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global life science analytics market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global life science analytics market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the life science analytics industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Health care and life sciences analytics is a process of clinical data analysis that offers predictive tools for improved patient care. Analytics play a lead role in the development of various sectors like healthcare, microbiology, and others. The role of analytics in life-science is increasing day by day. The analytics assist the life science firms to transform the raw data into the meaningful insight of life sciences. The data is further utilized by the professionals for the benefit of the patients. Life science analytics helps in the development, discovery, and manufacturing of advanced therapies. Associated courses assist in the firm and government organizations. Life science analytics work on the study which is reported in the form of descriptive, predictive, reporting, and prescriptive based study. Major end-users of these services are medical devices, biotechnology, pharmaceuticals, and others.

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What are the Growth Factors?

The growth of the market is mainly associated with its application of advanced analytics. Recently, a high growth rate is seen in the healthcare and medical device sector which directly promotes the growth of the life science analytics market. The use of artificial intelligence and big data analytics is increasing day by day in the healthcare sector, which is also considered as one of the major driving factors which promote the growth of the market. Life science analytics sector is keen to focus on current risks and opportunities for industries.

Technology plays a leading role in current and future development. Rising demand from the end-user industry, especially from the pharmaceutical sector, create prime importance which helps in promoting the growth of the market. However, high cost of implementation followed by a lack of skilled workforce in the area of analytics considered as one of the major restraining factors which affect the growth of the market. Nonetheless, in-depth usage of precision medicine will bring huge growth opportunities within the forecast period.

Report Coverage:

Report Highlights Details
Market Size US$ 18.12 Billion by 2030
Growth Rate CAGR of 8.25% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Component, Delivery Model, Application, End Users
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned SAS Institute Inc., Oracle Corporation, Accenture, IBM Corporation, Cognizant, IQVIA, Wipro, Cerner Corporation, MaxisIT, Optum, Microsoft, Infosys Limited

Report Highlights

  • In 2020, descriptive analytics played a lead role in the area of life science analytics market. The same segment occupied the largest share of the revenue generated by global market
  • Customers are looking for the best solution from the service providers. In order to obtain operational excellence in the field of healthcare service plays a lead role.
  • Based on component type, services segment held the largest market stake in the year 2020.

Regional Snapshots

North America dominated the global life care analytics market. In the United States, life science analytics play a major role in managing the decision of the healthcare professionals. The firm specialized in the direct transformation program on the large scale. Continuous expansion of the healthcare system is one of the major driving factors for the growth of the U.S. market. The huge capacity of spending followed by increasing economic power in the region is also considered the prime factor for the adoption of the medical device companies. The rising entry of public and private partnerships in the domestic market is a key factor for the market. Countries like Germany, France, and the U.K. in Europe capture the major market share.

The rising penetration of IoT things followed with cloud computing services driving the European market. Increasing the data adaptability approach in Latin America is a key factor that promotes the growth of the market. Middle East countries are also showing keen interest in the area of technological adaption.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global life science analytics market are as follows:

  • SAS Institute Inc.
  • Oracle Corporation
  • Accenture
  • IBM Corporation
  • Cognizant, SCIO Health Analytics
  • IQVIA
  • Wipro
  • Allscripts Healthcare Solutions
  • Cerner Corporation
  • MaxisIT
  • Optum
  • Microsoft
  • Infosys Limited
  • Cotiviti
  • Others

Market Segmentation

By Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics
  • Discovery Analytics

By Component Type

  • Services
  • Software

By Delivery Model

  • On-premise model
  • On-demand model

By Application Type

  • Research & Development
  • Preclinical Trials
  • Clinical Trials
  • Sales & Marketing
  • Regulatory Compliance
  • Supply Chain Optimization
  • Pharmacovigilance

By End Users Type

  • Pharmaceutical & Biotechnology Companies
  • Medical Device Companies
  • Research Centers
  • Third-party Administrators

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global life science analytics market. It examines trends and factors influencing demand for life science analytics globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for life science analytics across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on life science analytics. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global life science analytics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for life science analytics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Life Science Analytics Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Life Science Analytics Market

5.1. Covid-19: Life Science Analytics Industry Impact
5.2. Life Science Analytics Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Life Science Analytics Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Life Science Analytics Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Life Science Analytics Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Life Science Analytics Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Life Science Analytics Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Life Science Analytics Market Production by Manufacturer (2015-2020)
7.1.1.4. Life Science Analytics Market Production Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Life Science Analytics Market, By Product Type

8.1. Life Science Analytics Market, by Product Type, 2016-2027
8.1.1. Descriptive Analytics
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Predictive Analytics
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Prescriptive Analytics
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Diagnostic Analytics
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Discovery Analytics
8.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Life Science Analytics Market, By Application

9.1. Life Science Analytics Market, by Application, 2016-2027
9.1.1. Services
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Software
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Life Science Analytics Market, By End-User

10.1. Life Science Analytics Market, by End-User, 2016-2027
10.1.1. On-premise model
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. On-demand model
10.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Life Science Analytics Market, By Technology

11.1. Life Science Analytics Market, by Technology, 2016-2027
11.1.1. Research & Development
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Preclinical Trials
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. Clinical Trials
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.4. Sales & Marketing
11.1.4.1. Market Revenue and Forecast (2016-2027)
11.1.5. Regulatory Compliance
11.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Life Science Analytics Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue and Revenue Forecast by Product (2016-2027)
12.1.2. Market Revenue and Revenue Forecast by Application (2016-2027)
12.1.3. Market Revenue and Revenue Forecast by End-User (2016-2027)
12.1.4. Market Revenue and Revenue Forecast by Technology (2016-2027)
12.1.5. U.S
12.1.5.1. Market Revenue and Revenue Forecast (2016-2027)
12.1.5.2. Market Revenue and Revenue Forecast (2016-2027)
12.1.6. Canada
12.1.6.1. Market Revenue and Revenue Forecast (2016-2027)
12.1.6.2. Market Revenue and Revenue Forecast (2016-2027)
12.2. Europe
12.2.1. Market Revenue and Revenue Forecast by Product (2016-2027)
12.2.2. Market Revenue and Revenue Forecast by Application (2016-2027)
12.2.3. Market Revenue and Revenue Forecast by End-User (2016-2027)
12.2.4. Market Revenue and Revenue Forecast by Technology (2016-2027)
12.2.5. UK
12.2.5.1. Market Revenue and Revenue Forecast (2016-2027)
12.2.5.2. Market Revenue and Revenue Forecast (2016-2027)
12.2.6. Germany
12.2.6.1. Market Revenue and Revenue Forecast (2016-2027)
12.2.6.2. Market Revenue and Revenue Forecast (2016-2027)
12.2.7. France
12.2.7.1. Market Revenue and Revenue Forecast (2016-2027)
12.2.7.2. Market Revenue and Revenue Forecast (2016-2027)
12.2.8. Rest of EU
12.2.8.1. Market Revenue and Revenue Forecast (2016-2027)
12.2.8.2. Market Revenue and Revenue Forecast (2016-2027)
12.3. Asia Pacific (APAC)
12.3.1. Market Revenue and Revenue Forecast by Product (2016-2027)
12.3.2. Market Revenue and Revenue Forecast by Application (2016-2027)
12.3.3. Market Revenue and Revenue Forecast by End-User (2016-2027)
12.3.4. Market Revenue and Revenue Forecast by Technology (2016-2027)
12.3.5. China
12.3.5.1. Market Revenue and Revenue Forecast (2016-2027)
12.3.5.2. Market Revenue and Revenue Forecast (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue and Revenue Forecast (2016-2027)
12.3.6.2. Market Revenue and Revenue Forecast (2016-2027)
12.3.7. Japan
12.3.7.1. Market Revenue and Revenue Forecast (2016-2027)
12.3.7.2. Market Revenue and Revenue Forecast (2016-2027)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Revenue Forecast (2016-2027)
12.3.8.2. Market Revenue and Revenue Forecast (2016-2027)
12.4. LATAM
12.4.1. Market Revenue and Revenue Forecast by Product (2016-2027)
12.4.2. Market Revenue and Revenue Forecast by Application (2016-2027)
12.4.3. Market Revenue and Revenue Forecast by End-User (2016-2027)
12.4.4. Market Revenue and Revenue Forecast by Technology (2016-2027)
12.4.5. Brazil
12.4.5.1. Market Revenue and Revenue Forecast (2016-2027)
12.4.5.2. Market Revenue and Revenue Forecast (2016-2027)
12.4.6. Rest of LATAM
12.4.6.1. Market Revenue and Revenue Forecast (2016-2027)
12.4.6.2. Market Revenue and Revenue Forecast (2016-2027)
12.5. Middle East and Africa (MEA)
12.5.1. Market Revenue and Revenue Forecast by Product (2016-2027)
12.5.2. Market Revenue and Revenue Forecast by Application (2016-2027)
12.5.3. Market Revenue and Revenue Forecast by End-User (2016-2027)
12.5.4. Market Revenue and Revenue Forecast by Technology (2016-2027)
12.5.5. GCC
12.5.5.1. Market Revenue and Revenue Forecast (2016-2027)
12.5.5.2. Market Revenue and Revenue Forecast (2016-2027)
12.5.6. North Africa
12.5.6.1. Market Revenue and Revenue Forecast (2016-2027)
12.5.6.2. Market Revenue and Revenue Forecast (2016-2027)
12.5.7. South Africa
12.5.7.1. Market Revenue and Revenue Forecast (2016-2027)
12.5.7.2. Market Revenue and Revenue Forecast (2016-2027)
12.5.8. Rest of MEA
12.5.8.1. Market Revenue and Revenue Forecast (2016-2027)
12.5.8.2. Market Revenue and Revenue Forecast (2016-2027)

Chapter 13. Company Profiles

13.1. SAS Institute Inc.
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. Product Portfolio Analysis
13.1.2.1. Product Details, Specification, Application
13.1.3. Revenue, Price, and Gross Margin (2015-2020)
13.1.4. Recent Developments and Strategies
13.2. Oracle Corporation
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Application
13.2.3. Revenue, Price, and Gross Margin (2015-2020)
13.2.4. Recent Developments and Strategies
13.3. Accenture
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Application
13.3.3. Revenue, Price, and Gross Margin (2015-2020)
13.3.4. Recent Developments and Strategies
13.4. IBM Corporation
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Application
13.4.3. Revenue, Price, and Gross Margin (2015-2020)
13.4.4. Recent Developments and Strategies
13.5. Cognizant, SCIO Health Analytics
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Application
13.5.3. Revenue, Price, and Gross Margin (2015-2020)
13.5.4. Recent Developments and Strategies
13.6. IQVIA
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Application
13.6.3. Revenue, Price, and Gross Margin (2015-2020)
13.6.4. Recent Developments and Strategies
13.7. Wipro
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Application
13.7.3. Revenue, Price, and Gross Margin (2015-2020)
13.7.4. Recent Developments and Strategies
13.8. Allscripts Healthcare Solutions
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Application
13.8.3. Revenue, Price, and Gross Margin (2015-2020)
13.8.4. Recent Developments and Strategies
13.9. Cerner Corporation
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Application
13.9.3. Revenue, Price, and Gross Margin (2015-2020)
13.9.4. Recent Developments and Strategies
13.10. MaxisIT
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Application
13.10.3. Revenue, Price, and Gross Margin (2015-2020)
13.10.4. Recent Developments and Strategies

Chapter 14. Research Methodology

14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions

Chapter 15. Appendix

15.1. About Us
15.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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