The global Life Science Analytics Market will grow by US$ 43 Billion by 2027 at a CAGR of 11.2% in the given forecast period.
The benefits of analytics in life sciences are manifested in significant areas such as early detection of prescription and treatment patterns, strategizing the intent of the patient to real world results and most importantly achieving the operational excellence to drive through the intellectual journey of patient centricity.
Growth in this market is mainly driven by technological advancements, big data in the life science industry, growing adoption of analytics solutions in clinical trials, increasing adoption of analytics for sales and marketing applications, the need for improved data standardization, increasing prevalence of chronic diseases, growing pressure to curb healthcare spending, and the need for improved patient outcomes. On the other hand, high implementation costs are expected to restrain the growth of this market to a certain extent.
The global Life science Analytics market is segregated on the basis of Type as Predictive, Descriptive, and Prescriptive. Based on Application the global Life science Analytics market is segmented in Marketing, Compliance, R&D, Pharmacovigilance, and SCM. Based on Deployment type the global Life science Analytics market is segmented in On Premise and Cloud.
The global Life science Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Life science Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Cognizant (US), Wipro Limited (India), Maxis IT Inc. (US), TAKE Solutions (India), SCIO Health Analytics (US)., SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Quintiles Inc. (US), Accenture (Ireland), and others are among the major players in the global Life science Analytics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Life science Analytics Market has been segmented as below:
Life science Analytics Market, By Type
Life science Analytics Market, By Application
Life science Analytics Market, By Deployment type
Life science Analytics Market, By Component
Life science Analytics Market, By Region
Life science Analytics Market, By Company
The report covers:
Report Scope:
The global Life science Analytics market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Life science Analytics market share. Major industry players with significant revenue share include Cognizant (US), Wipro Limited (India), MaxisIT Inc. (US), TAKE Solutions (India), SCIO Health Analytics (US)., SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Quintiles Inc. (US), Accenture (Ireland), and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Life science Analytics Market, By Type
5.1 Introduction
5.2 Predictive
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Descriptive
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Prescriptive
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6. Life science Analytics Market, By Application
6.1 Introduction
6.2 Marketing
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Compliance
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 R&D
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Pharmacovigilance
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 SCM
6.6.1 Market Overview
6.6.2 Market Size and Forecast
7. Life science Analytics Market, By Deployment type
7.1 Introduction
7.2 On Premise
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Cloud
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Life science Analytics Market, By Component
8.1 Introduction
8.2 Software
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Service
8.3.1 Market Overview
8.3.2 Market Size and Forecast
9. Life science Analytics Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 North America Life science Analytics, By Type
9.2.2 North America Life science Analytics, By Application
9.2.3 North America Life science Analytics, By Deployment type
9.2.4 North America Life science Analytics, By Component
9.3 Europe
9.3.1 Europe Life science Analytics, By Type
9.3.2 Europe Life science Analytics, By Application
9.3.3 Europe Life science Analytics, By Deployment type
9.3.4 Europe Life science Analytics, By Component
9.4 Asia-Pacific
9.4.1 Asia-Pacific Life science Analytics, By Type
9.4.2 Asia-Pacific Life science Analytics, By Application
9.4.3 Asia-Pacific Life science Analytics, By Deployment type
9.4.4 Asia-Pacific Life science Analytics, By Component
9.5 Rest of the World
9.5.1 Rest of the World Life science Analytics, By Type
9.5.2 Rest of the World Life science Analytics, By Application
9.5.3 Rest of the World Life science Analytics, By Deployment type
9.5.4 Rest of the World Life science Analytics, By Component
10. Competitive Insights
10.1 Key Insights
10.2 Company Market Share Analysis
10.3 Strategic Outlook
10.3.1 Mergers & Acquisitions
10.3.2 New Product Development
10.3.3 Portfolio/Production Capacity Expansions
10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5 Others
11. Company Profiles
11.1 Cognizant (US)
11.1.1 Company Overview
11.1.2 Product/Service Landscape
11.1.3 Financial Overview
11.1.4 Recent Developments
11.2 Wipro Limited (India)
11.2.1 Company Overview
11.2.2 Product/Service Landscape
11.2.3 Financial Overview
11.2.4 Recent Developments
11.3 Maxis IT Inc. (US)
11.3.1 Company Overview
11.3.2 Product/Service Landscape
11.3.3 Financial Overview
11.3.4 Recent Developments
11.4 TAKE Solutions (India)
11.4.1 Company Overview
11.4.2 Product/Service Landscape
11.4.3 Financial Overview
11.4.4 Recent Developments
11.5 SCIO Health Analytics (US).
11.5.1 Company Overview
11.5.2 Product/Service Landscape
11.5.3 Financial Overview
11.5.4 Recent Developments
11.6 SAS Institute, Inc. (US)
11.6.1 Company Overview
11.6.2 Product/Service Landscape
11.6.3 Financial Overview
11.6.4 Recent Developments
11.7 IBM Corporation (US)
11.7.1 Company Overview
11.7.2 Product/Service Landscape
11.7.3 Financial Overview
11.7.4 Recent Developments
11.8 Oracle Corporation (US)
11.8.1 Company Overview
11.8.2 Product/Service Landscape
11.8.3 Financial Overview
11.8.4 Recent Developments
11.9 Quintiles Inc. (US)
11.9.1 Company Overview
11.9.2 Product/Service Landscape
11.9.3 Financial Overview
11.9.4 Recent Developments
11.10 Accenture (Ireland)
11.10.1 Company Overview
11.10.2 Product/Service Landscape
11.10.3 Financial Overview
11.10.4 Recent Developments
The Life science Analytics Market has been segmented as below:
Life science Analytics Market, By Type
Life science Analytics Market, By Application
Life science Analytics Market, By Deployment type
Life science Analytics Market, By Component
Life science Analytics Market, By Region
Life science Analytics Market, By Company
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