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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
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.
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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.
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.
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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:
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Application |
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| Breakup by Delivery |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| 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
*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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124