Press Release

Life Science Analytics Market is worth $42.23 billion in 2026

September, 2020

" COVID-19 Impact on Life Science Analytics market, size, share, growth, and forecast 2020-2026 "

Life science analytics software is developed as a helpful tool for various pharmaceutical and biocomponent companies along with medical device industries due to the helpful characteristics to bridle the challenges in data accumulation and improve efficiency in the operations.

The key factors that enhance the market growth are the high acquisition of life science analytics solutions in clinical trials that are very helpful in intensifying the research and human health and also very much used in the sales and marketing applications.

In addition, the rising focus on value-based medicine and the high usage of analytics in discovering accurate and customized medicine are the opportunities in the market. Moreover, the high cost in the application of life science analytics is hampering market growth.

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Life Science Analytics Market research report is titled as “Life Science Analytics Market by Type, Application, Component, End-User, Delivery Model, and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026

SAS Institute Inc, IBM Corporation, Oracle Corporation, Iqvia, Accenture, Maxisit, Cognizant, Scio Health Analytics, and Take Solutions-are the top competitors of the Life Science Analytics Market research report.

Geographically, North America is the strongest region in the life science analytics market as this region has the potential economy, and the increasing elderly population leading to chronic diseases are the aspects making North America as the potential regional for the life science analytics software market.  

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Life Science Analytics Market Segment:

Type: Market Size & Analysis

  • Descriptive Analytics         
  • Predictive Analytics           
  • Prescriptive Analytics

Application: Market Size & Analysis         

  • Research & Development  
  • Clinical Trials          
  • Sales & Marketing
  • Supply Chain Optimization
  • Pharmacovigilance

Component: Market Size & Analysis

  • Services        
  • Software       

End-user: Market Size & Analysis

  • Pharmaceutical & BioComponent Companies 
  • Medical Device Companies           
  • Research Centres    
  • Third-party Administrators         

Delivery Model: Market Size & Analysis

  • On-premise model
  • On-demand model

Geography: Market Size & Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication