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Life Science Analytics Market

Global Life Science Analytics Market Size, Growth, Forecast: By Product: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; By End Use: Clinical Research Institutes, Pharmaceutical and Biotechnology Companies, Medical Device Companies, Others; By Application; By Delivery; Regional Analysis; Supplier Landscape; 2024-2032

Global Life Science Analytics Market Outlook

The global life science analytics market size attained a value of USD 9.0 billion in 2023. The market is further expected to grow at a CAGR of 8.10% during the forecast period of 2024-2032 to attain a value of USD 18.1 billion by 2032.

 

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.

 

Life Science Analytics Market By Segments

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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.

 

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.

 

Life Science Analytics Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End Use
  • Application
  • Delivery
  • Region
Breakup by Product
  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
Breakup by End Use
  • Clinical Research Institutes
  • Pharmaceutical and Biotechnology Companies
  • Medical Device Companies
  • Others
Breakup by Application
  • Research and Development
  • Supply Chain Analytics
  • Sales and Marketing
  • Others
Breakup by Delivery
  • On-Demand
  • On-Premise
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Accenture Plc (NYSE: ACN)
  • Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
  • IBM Corporation (NYSE: IBM)
  • Oracle Corporation (NYSE: ORCL)
  • IQVIA Inc. (NYSE: IQV)
  • SAS Institute Inc.
  • WIPRO LIMITED
  • TAKE SOLUTIONS LIMITED
  • SAP SE
  • Scio Health Analytics
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.

 

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Life Science Analytics Market Report Snapshots

Life Science Analytics Market Size

Life Science Analytics Market Analysis

Life Science Analytics Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope
    1.4    Research Methodology
2    Executive Summary
3    Global Life Science Analytics Market Overview 

    3.1    Global Life Science Analytics Market Historical Value (2017-2023) 
    3.2    Global Life Science Analytics Market Forecast Value (2024-2032)
4    Global Life Science Analytics Market Landscape
    4.1    Global Life Science Analytics Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Life Science Analytics Product Landscape
        4.2.1    Analysis by Product Type
        4.2.2    Analysis by Applications
        4.2.3    Analysis by End User
5    Global Life Science Analytics Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Life Science Analytics Market Segmentation 
    6.1    Global Life Science Analytics Market by Product
        6.1.1    Market Overview
        6.1.2    Descriptive Analytics
        6.1.3    Predictive Analytics
        6.1.4    Prescriptive Analytics
    6.2    Global Life Science Analytics Market by End Use
        6.2.1    Market Overview
        6.2.2    Clinical Research Institutes
        6.2.3    Pharmaceutical and Biotechnology Companies
        6.2.4    Medical Device Companies
        6.2.5    Others
    6.3    Global Life Science Analytics Market by Application
        6.3.1    Market Overview
        6.3.2    Research and Development
        6.3.3    Supply Chain Analytics
        6.3.4    Sales and Marketing
        6.3.5    Others
    6.4    Global Life Science Analytics Market by Delivery
        6.4.1    Market Overview
        6.4.2    On-Demand
        6.4.3    On-Premise
    6.5    Global Life Science Analytics Market by Region
        6.5.1    Market Overview
        6.5.2    North America 
        6.5.3    Europe
        6.5.4    Asia Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Life Science Analytics Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Life Science Analytics Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Life Science Analytics Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Life Science Analytics Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Life Science Analytics Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Accenture Plc (NYSE: ACN)
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3     IBM Corporation (NYSE: IBM)
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Oracle Corporation (NYSE: ORCL)
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5     IQVIA Inc. (NYSE: IQV)
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    SAS Institute Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    WIPRO LIMITED
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    TAKE SOLUTIONS LIMITED
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    SAP SE
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Scio Health Analytics 
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
18    Global Life Science Analytics Market- Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The life science analytics market was valued at USD 9.0 billion in 2023.

The market is expected to grow at a CAGR of 8.10% from 2024 to 2032 to reach a value of USD 18.1 billion by 2032.

The major drivers of the market include growing digitalisation, the increasing prevalence of chronic diseases, and improved data standardisation to manage a large number of datasets.

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 market.

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 market 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 market.

The major market players include Accenture Plc, Cognizant Technology Solutions Corporation, IBM Corporation, Oracle Corporation, IQVIA Inc., and SAS Institute Inc., among others.
 

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