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Global Life Science Analytics Market: By Product: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; By End Use: Clinical Research Institutions, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; 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 2023-2028.
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Properties and Applications
The life science analytics industry can be broadly categorised into products, end-uses, and applications.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Life Science Analytics Market Analysis
8.1 Key Industry Highlights
8.2 Global Life Science Analytics Historical Market (2018-2022)
8.3 Global Life Science Analytics Market Forecast (2023-2028)
8.4 Global Life Science Analytics Market by Product
8.4.1 Descriptive Analytics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Predictive Analytics
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Prescriptive Analytics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Life Science Analytics Market by End Use
8.5.1 Clinical Research Institutes
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmaceutical and Biotechnology Companies
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Medical Device Companies
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Life Science Analytics Market by Application
8.6.1 Research and Development
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Supply Chain Analytics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Sales and Marketing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Life Science Analytics Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Accenture Plc (NYSE: ACN)
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 IBM Corporation (NYSE: IBM)
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Oracle Corporation (NYSE: ORCL)
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 IQVIA Inc. (NYSE: IQV)
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 SAS Institute Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Life Science Analytics Market: Key Industry Highlights, 2018 and 2028
2. Global Life Science Analytics Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Life Science Analytics Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Life Science Analytics Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Life Science Analytics Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Life Science Analytics Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Life Science Analytics Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Life Science Analytics Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Life Science Analytics Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Life Science Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Life Science Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Life Science Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Life Science Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Life Science Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Life Science Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Life Science Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Life Science Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Life Science Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Life Science Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Life Science Analytics Market Structure
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 2023-2028 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 2023-2028, 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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