Global Life Science Analytics Market By Type (Predictive, Descriptive, Prescriptive), Component (Software, Service), Delivery Model (On Premise, On-Demand Model), Application (Research & Development, Sales & Marketing, Pharmacovigilance, Regulatory Compliance, Supply Chain Optimization), End Use (Pharmaceutical and Biotechnology Companies, Medical Device Companies, Research Centers, Third-Party Administrators), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Market trends & Forecast to 2027
Market Analysis and Insights: Global Life Science Analytics Market
Life science analytics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 48.64 billion by 2027 growing at a CAGR of 12.25% in the above-mentioned forecast period. The growth of life science analytics market is due to growing adoption of analytical solution in clinical trials and technological advancement.
Growing adoption of analytics for sales and marketing application, increasing need of the improved data standardization, rising prevalence of chronic diseases, increasing pressure to cut down the healthcare expenditure and rising need for patient outcomes will accelerate the growth of life science analytics market in the forecast period of 2020-2027. Increasing focus on value based medicine and increasing usage of analytics in precision and personalised medicine will further create new opportunities for the growth of the life science analytics market in the above mentioned forecast period.
Life science analytics market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, technological innovations in the market. To understand the analysis and the life science analytics market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Life Science Analytics Market Scope and Market Size
Life science analytics market is segmented of the basis of type, component, delivery model, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, life science analytics market is segmented into predictive, descriptive and prescriptive.
- Based on component, the life science analytics market is segmented into software and services.
- Based on delivery model, the life science analytics market is segmented into on premise and on-demand.
- Life science analytics market has also been segmented based on the application into research & development, sales & marketing, pharmacovigilance, regulatory compliance, supply chain optimization. Research & Development has been further segmented into clinical trials and preclinical trials.
- On the basis of end-user the life science analytics market is segmented into pharmaceutical and biotechnology companies, medical device companies, research centers, third-party administrators.
Life Science Analytics Market Country Level Analysis
Life science analytics market is analysed and market size insights and trends are provided by country, type, component, delivery model, application and end use as referenced above.
The countries covered in the life science analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the large market share of U.S. in the life science analytics market due to the increasing initiatives of research and development by public and private companies thereby raising the demand of the big data analytics while the Asia-Pacific region is expected to grow at the highest growth rate in the forecast period 2020 to 2027 because of increasing focus on better profiling and targeting of clients and medical practitioner.
The country section of the life science analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while provided forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Life science analytics market report also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for life science analytics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the life science analytics market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Life Science Analytics Market Share Analysis
Life science analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to life science analytics market.
The major players covered in the life science analytics market report are SAS Institute Inc., IBM Corporation, Oracle, IQVIA Inc., Accenture, Cognizant, Wipro Limited, MaxisIT, TAKE Solutions Limited, SCIOInspire, Corp, Experfy, Inc, Applexus Technologies, Saama Technologies, Inc., Incedo Inc, CitiusTech Inc., Applexus Technologies, Sisense Inc., Siemens, Rockwell Automation, Inc., Infosys Limited, Navitas Life Sciences among other domestic and global players. Market Share data is available for Global, North America, Europe, Asia Pacific, Middle East & Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Life Science Analytics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.