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Global Life Science Analytics Market: By Product: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; By End Use: Clinical Research Institutions, Pharmaceutical and Biotechnology Companies; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Life Science Analytics Market Outlook

The global life science analytics market attained USD 23 billion in 2020. The market is expected to be valued at USD 47 billion by 2026, growing at a CAGR of 12.7% in the forecast period 2021-2026.

 

Global Life Science Analytics Market

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Properties and Applications

The life science analytics industry can be broadly categorised into products, end-uses, and applications.

 

Global Life Science Analytics Market By Application

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Based on the products, the industry is divided as:

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Based on the end-uses, the industry can be segmented as:

  • Clinical Research Institution
  • Pharmaceuticals and Biotechnology Companies
  • Medical Device Companies
  • Others

Based on application, the industry can be divided into:

  • Research and Development
  • Supply Chain Analytics
  • Sales and Marketing
  • Others

The EMR report looks into the regional markets of life science analytics like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Life Science Analytics Market By Region

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Market Analysis

The global life science analytics market is driven by the increasing prevalence of chronic diseases, technological advancements and rising demand for improved data standardization. Moreover, the growing adoption of analytics for sales and marketing apps has further enhanced the market growth. The lack of qualified professionals and budget constraints, however, might hamper the growth of the industry in the coming years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global life science analytics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Accenture PLC (NYSE: ACN)
  • Cognizant Technology Solutions Corp 
  • IBM Corporation 
  • MaxisIT Inc.
  • Oracle Corporation 
  • IQVIA Holding Inc 
  • SAS Institute Inc.
  • SCIOInspire, Corp.
  • TAKE Solutions Limited 
  • Wipro Limited

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, End Use, Application, Region
Breakup by Product Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
Breakup by End Use Clinical Research Institutions, Pharmaceutical and Biotechnology Companies, Medical Device Companies, Others
Breakup by Application Research and Development, Supply Chain Analytics, Sales and Marketing, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Accenture PLC (NYSE: ACN), Cognizant Technology Solutions Corp (NASDAQ: CTSH), IBM Corporation (NYSE: IBM), MaxisIT Inc., Oracle Corporation (NYSE: ORCL), IQVIA Holding Inc (NYSE: IQV), SAS Institute Inc., SCIOInspire, Corp., TAKE Solutions Limited (NSE: TAKE), Wipro Limited (NSE: WIPRO)
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data 
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Market Overview
    4.2    Market Analysis
5    Global Life Science Analytics Market Analysis
    5.1    Global Life Science Analytics Historical Market (2016-2020) & Forecast (2021-2026)
    5.2    Global Life Science Analytics Market Breakup by Product
        5.2.1    Descriptive Analytics
        5.2.2    Predictive Analytics
        5.2.3    Prescriptive Analytics
    5.3    Global Life Science Analytics Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
        5.3.1    Descriptive Analytics
        5.3.2    Predictive Analytics
        5.3.3    Prescriptive Analytics
    5.4    Global Life Science Analytics Market Breakup by End Use
        5.4.1    Clinical Research Institutions
        5.4.2    Pharmaceutical and Biotechnology Companies
        5.4.3    Medical Device Companies
        5.4.4    Others
    5.5    Global Life Science Analytics Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        5.5.1    Clinical Research Institutions
        5.5.2    Pharmaceutical and Biotechnology Companies
        5.5.3    Medical Device Companies
        5.5.4    Others
    5.6    Global Life Science Analytics Market Breakup by Application
        5.6.1    Research and Development
        5.6.2    Supply Chain Analytics
        5.6.3    Sales and Marketing
        5.6.4    Others
    5.7    Global Life Science Analytics Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        5.7.1    Research and Development
        5.7.2    Supply Chain Analytics
        5.7.3    Sales and Marketing
        5.7.4    Others
    5.8    Global Life Science Analytics Market Breakup by Region
        5.8.1    North America
            5.8.1.1    United States of America
            5.8.1.2    Canada
        5.8.2    Europe
            5.8.2.1    Germany
            5.8.2.2    United Kingdom
            5.8.2.3    France
            5.8.2.4    Italy
            5.8.2.5    Others
        5.8.3    Asia Pacific
            5.8.3.1    China
            5.8.3.2    Japan
            5.8.3.3    India
            5.8.3.4    ASEAN
            5.8.3.5    Others
        5.8.4    Latin America
            5.8.4.1    Brazil
            5.8.4.2    Argentina
            5.8.4.3    Mexico
            5.8.4.4    Others
        5.8.5    Middle East & Africa
            5.8.5.1    Saudi Arabia
            5.8.5.2    United Arab Emirates
            5.8.5.3    Nigeria
            5.8.5.4    South Africa
            5.8.5.5    Others
    5.9     Global Life Science Analytics Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        5.9.1    North America
            5.9.1.1    United States of America
            5.9.1.2    Canada
        5.9.2    Europe
            5.9.2.1    Germany
            5.9.2.2    United Kingdom
            5.9.2.3    France
            5.9.2.4    Italy
            5.9.2.5    Others
        5.9.3    Asia Pacific
            5.9.3.1    China
            5.9.3.2    Japan
            5.9.3.3    India
            5.9.3.4    ASEAN
            5.9.3.5    Others
        5.9.4    Latin America
            5.9.4.1    Brazil
            5.9.4.2    Argentina
            5.9.4.3    Mexico
            5.9.4.4    Others
        5.9.5    Middle East & Africa
            5.9.5.1    Saudi Arabia
            5.9.5.2    United Arab Emirates
            5.9.5.3    Nigeria
            5.9.5.4    South Africa
            5.9.5.5    Others
6    SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7    Porter’s Five Forces Analysis
    7.1    Overview
    7.2    Buyer’s Power
    7.3    Supplier’s Power
    7.4    New Entrants
    7.5    Degree of Rivalry
    7.6    Substitutes
8    Key Players & Company Profiles
    8.1    Accenture PLC (NYSE: ACN)
    8.2    Cognizant Technology Solutions Corp (NASDAQ: CTSH)
    8.3    IBM Corporation (NYSE: IBM)
    8.4    MaxisIT Inc.
    8.5    Oracle Corporation (NYSE: ORCL)
    8.6    IQVIA Holding Inc (NYSE: IQV)
    8.7    SAS Institute Inc.
    8.8    SCIOInspire, Corp.
    8.9    TAKE Solutions Limited (NSE: TAKE)
    8.10    Wipro Limited (NSE: WIPRO)
9     Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global life science analytics market attained a value of nearly USD 23 billion.

The market is projected to grow at a CAGR of 12.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 47 billion by 2026.

The major drivers of the industry, such as growing digitalisation, increasing prevalence of chronic diseases, and improved data standardisation to manage large amount of datasets, are expected to aid the market growth.

The growing adoption of cloud-based services and connected devices in the healthcare sector and rapid technological advancements are the key market trends guiding the growth of the industry.

The major regional markets of life science analytics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading products of life science analytics in the industry are descriptive analytics, predictive analytics, and prescriptive analytics.

The major end use segments of the product include clinical research institution, pharmaceuticals and biotechnology companies, and medical device companies, among others.

Research and development, supply chain analytics, and sales and marketing, among others, are the significant application segments in the industry.

The major players in the industry are Accenture PLC, Cognizant Technology Solutions Corp., IBM Corporation, MaxisIT Inc., Oracle Corporation, IQVIA Holding Inc., SAS Institute Inc., SCIOInspire, Corp., TAKE Solutions Limited, and Wipro Limited.

Analyst Review

The global life science analytics market attained a value of USD 23 billion in 2020, driven by the growing impact of digitalisation, increasing prevalence of chronic diseases, and improving data standardisation. Aided by growing adoption of cloud-based services in the healthcare sector and rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12.7%. The industry is projected to reach USD 47 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the life science analytics industry can be segmented into descriptive analytics, predictive analytics, and prescriptive analytics. On the basis of end uses, the industry is segmented into clinical research institution, pharmaceuticals and biotechnology companies, medical device companies, and others. On the basis of application, the industry can be segmented into research and development, supply chain analytics, sales and marketing, and others. The major regional markets for the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Accenture PLC, Cognizant Technology Solutions Corp., IBM Corporation, MaxisIT Inc., Oracle Corporation, IQVIA Holding Inc., SAS Institute Inc., SCIOInspire, Corp., TAKE Solutions Limited, and Wipro Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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