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Life Science Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A3406
Market Overview:
The global life science analytics market is expected to exhibit a CAGR of 13.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Life science analytics refers to the systematic computational analysis of biological data to gain insights regarding living organisms. It involves descriptive, predictive and prescriptive analytics that utilizes artificial intelligence (AI), big data and machine learning (ML) solutions and advanced devices. These technologies aid in clinical research, medical trials, disease diagnosis, drug discovery and development, sales and marketing, supply chain management and pharmacovigilance. Life science analytics also aid in the early detection of pathology and the development of effective treatment alternatives.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Significant growth in the life science industry, along with the increasing requirement for analytical insights for clinical trials, is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of life science analytics solutions for data standardization for managing chronic diseases is also driving the market growth. Additionally, various technological advancements, such as the development of innovative telemedicine, mhealth and e-prescribing tools, are acting as other growth-inducing factors. These analytics solutions are also widely used to develop precision and personalized medicines that use specific genomic data of the patients with specific medical requirements. Other factors, including improvements in the existing healthcare infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global life science analytics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, deployment mode, application and end use.
Breakup by Type:
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- Reporting
- Descriptive
- Predictive
- Prescriptive
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-demand
- On-premises
Breakup by Application:
- Research and Development
- Sales and Marketing Support
- Supply Chain Analytics
- Pharmacovigilance (PV)
- Others
Breakup by End Use:
- Medical Devices
- Pharmaceuticals
- Biotechnology
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture Plc, Cognizant, Infosys Limited, International Business Machines Corporation, IQVIA Inc., Oracle Corporation, Rockwell Automation Inc., SAS Institute Inc., TAKE Solutions Limited and Wipro Limited.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Component, Deployment Mode, Application, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Accenture Plc, Cognizant, Infosys Limited, International Business Machines Corporation, IQVIA Inc., Oracle Corporation, Rockwell Automation Inc., SAS Institute Inc., TAKE Solutions Limited and Wipro Limited |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global life science analytics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global life science analytics market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global life science analytics market and who are the key players?
- What is the degree of competition in the industry?
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