Report

life science analytics market

Life Science Analytics Market by Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Application (Research & Development, Clinical Trials, Sales & Marketing, Supply Chain Optimization, and Pharmacovigilance), Component (Services and Software), End-User (Pharmaceutical & BioComponent Companies, Medical Device Companies, Research Centres and Third-party Administrators), Delivery Model (On-premise model and On-demand model) and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026

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Life science involves the study of living organisms. This study of life science includes all branches of science, such as zoology, botany, biology, and other sciences. Life science is the study that provides a significant perception of the different disease procedures and enables them to discover the therapies and medical equipment. Life science analytics is the software used to take advantage of the study to bring growth in global collaboration based on the grounds of accurate clinical information. The rise in the life science analytics market growth can be ascribed to factors such as the increasing volume of data in the life science industry, requirement of data normalization, and the rising burden of cutting healthcare expenses. But, data security issues may hinder the market growth. Life Science Analytics Market is predicted to grow at a CAGR of 10.80% with a market value of $42.23 billion in 2026.

Research Methodology:

The life science analytics market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Life Science Analytics Market

Life Science Analytics market scope

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

The life science analytics market is analyzed by the three types of analytics, such as descriptive analytics, predictive analytics, and prescriptive analytics. In these analytics, the mostly utilized analytics is descriptive analytics, as it is widely used by the life science stakeholders to get a better emphasis on the present scenario by comparing it with the previous events.

Further, the life science analytics market is further segmented into the application market. In the application market, the sales and marketing applications can be predicted to have the largest share in the market growth. This growth is due to the increasing deployment of life science analytics in the life science firm to conduct the sales and marketing promotion and also the growing preference of after marketing survey.

Moving on to the component segment in the life science analytics market is segregated into services and software. The service component has held the largest share due to the rising burden of reducing costs in healthcare and for the invention of advanced treatments in less time.

Life science analytics market based on end-user, the pharmaceutical and biocomponent companies, are the most life science analytics utilizing end-users because of the wide usage of the analytics in the sales and marketing by pharmaceutical company and usage of solutions gained by the analytics in biocomponent company.

Then the life science analytics market is segmented on the bases of the delivery model. The delivery model segment is divided into on-premise and on-demand. The on-demand delivery model has held the largest demand share due to the user-friendly feature of this delivery model.

Geographically, North America accounted for the largest share due to rapidly increasing diseases due to the increase in the geriatric population, potential economy, and growing expenditure on research and development are factors driving life science analytics the market growth. Moreover, the unhealthy lifestyle of people in this region is supporting market growth.

The global life science analytics the market is rapidly penetrating its position all over the world with its authentic features. The comprehensive analysis of the global driving insights of the market includes the globally increased advanced technology, evolution of social media & its effect on life science, and also the requirement of better outcomes of patients.   

SAS Institute Inc, IBM Corporation, Oracle Corporation, Iqvia, Accenture, Maxisit, Cognizant, Scio Health Analytics, Take Solutions, Wipro Limited, and 3DHISTECH, SAP SE. This is the list of few market competitors who are commanding the life science analytics the market.

Therefore, the life science analytics market is playing an important role in the healthcare sector by enhancing clinical trials and improving disease analysis. The life science analytics market study provides the market insights of drivers, challenges, and company strategies.

  • The life science analytics market study gives a substantial analysis of the market segmentation based on the various aspects.
  • This study presents an extensive analysis of geographical regions to ascertain the emerging opportunity from the entire world.
  • This study involves the complete quantitative analysis of the present market and estimations to recognize market opportunities.

      

1. Executive Summary

2. Industry Outlook

2.1. Industry Overview

2.2. Industry Trends

3. Market Snapshot

3.1. Market Definition

3.2. Market Outlook

3.3. PEST Analysis

3.4. Porter Five Forces

3.5. Related Markets

4. Market characteristics

4.1. Market Evolution

4.2. Market Trends and Impact

4.3. Advantages/Disadvantages of Market

4.4. Regulatory Impact

4.5. Market Offerings

4.6. Market Segmentation

4.7. Market Dynamics

4.7.1. Drivers

4.7.2. Restraints

4.7.3. Opportunities

4.8. DRO - Impact Analysis

5. Type: Market Size & Analysis

5.1. Overview

5.2. Descriptive Analytics            

5.3. Predictive Analytics              

5.4. Prescriptive Analytics

6. Application: Market Size & Analysis

6.1. Overview

6.2. Research & Development     

6.3. Clinical Trials

6.4. Sales & Marketing

6.5. Supply Chain Optimization

6.6. Pharmacovigilance

7. Component: Market Size & Analysis

7.1. Overview

7.2. Services      

7.3. Software     

8. End User: Market Size & Analysis

8.1. Overview

8.2. Pharmaceutical & BioComponent Companies

8.3. Medical Device Companies   

8.4. Research Centers     

8.5. Third-party Administrators   

9. Delivery Model: Market Size & Analysis

9.1. Overview

9.2. On-premise model

9.3. On-demand model

10. Geography: Market Size & Analysis

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia Pacific

10.5. Rest of the World

11. Competitive Landscape

11.1. Competitor Comparison Analysis

11.2. Market Developments

11.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships

11.2.2. Product Launches and execution

12. Vendor Profiles

12.1. SAS Institute Inc.

12.1.1. Overview

12.1.2. Product Offerings

12.1.3. Geographic Revenue

12.1.4. Business Units

12.1.5. Developments

12.1.6. Business Strategy

12.2. IBM Corporation

12.2.1. Overview

12.2.2. Product Offerings

12.2.3. Geographic Revenue

12.2.4. Business Units

12.2.5. Developments

12.2.6. Business Strategy

12.3. Oracle Corporation  

12.3.1. Overview

12.3.2. Product Offerings

12.3.3. Geographic Revenue

12.3.4. Business Units

12.3.5. Developments

12.3.6. Business Strategy

12.4. Iqvia

12.4.1. Overview

12.4.2. Product Offerings

12.4.3. Geographic Revenue

12.4.4. Business Units

12.4.5. Developments

12.4.6. Business Strategy

12.5. Accenture

12.5.1. Overview

12.5.2. Product Offerings

12.5.3. Geographic Revenue

12.5.4. Business Units

12.5.5. Developments

12.5.6. Business Strategy

12.6. Cognizant

12.6.1. Overview

12.6.2. Product Offerings

12.6.3. Geographic Revenue

12.6.4. Business Units

12.6.5. Developments

12.6.6. Business Strategy

12.7. Maxisit  

12.7.1. Overview

12.7.2. Product Offerings

12.7.3. Geographic Revenue

12.7.4. Business Units

12.7.5. Developments

12.7.6. Business Strategy

12.8. Scio Health Analytics

12.8.1. Overview

12.8.2. Product Offerings

12.8.3. Geographic Revenue

12.8.4. Business Units

12.8.5. Developments

12.8.6. Business Strategy

12.9. Take Solutions

12.9.1. Overview

12.9.2. Product Offerings

12.9.3. Geographic Revenue

12.9.4. Business Units

12.9.5. Developments

12.9.6. Business Strategy

12.10. Wipro Limited  

12.10.1. Overview

12.10.2. Product Offerings

12.10.3. Geographic Revenue

12.10.4. Business Units

12.10.5. Developments

12.10.6. Business Strategy

13. Companies to Watch

13.1. 3DHISTECH  

13.1.1. Overview

13.1.2. Market

13.1.3. Business Strategy

13.2. SAP SE. 

13.2.1. Overview

13.2.2. Market

13.2.3. Business Strategy

14. Analyst Opinion

15. Annexure

15.1. Report Scope

15.2. Market Definitions

15.3. Research Methodology

15.3.1. Data Collation and In-house Estimation

15.3.2. Market Triangulation

15.3.3. Forecasting

15.4. Report Assumptions

15.5. Declarations

15.6. Stakeholders

15.7. Abbreviations

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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Life Science Analytics Market by Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Application (Research & Development, Clinical Trials, Sales & Marketing, Supply Chain Optimization, and Pharmacovigilance), Component (Services and Software), End-User (Pharmaceutical & BioComponent Companies, Medical Device Companies, Research Centres and Third-party Administrators), Delivery Model (On-premise model and On-demand model) and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026
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