Market Overview:
The global life science analytics market grew at a CAGR of around 12% during 2015-2020. 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.
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. In line with this, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the need for effective teleconsultation solutions for improved patient data management. 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. Looking forward, IMARC Group expects the global life science analytics market to exhibit strong growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global life science analytics market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, component, deployment mode, application and end use.
Breakup by Type:
- Reporting
- Descriptive
- Predictive
- Prescriptive
Breakup by Component:
Breakup by Deployment Mode:
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:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Life Science Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Reporting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Descriptive
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Predictive
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Prescriptive
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Component
7.1 Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Services
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 On-demand
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Research and Development
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Sales and Marketing Support
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Supply Chain Analytics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Pharmacovigilance (PV)
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End Use
10.1 Medical Devices
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Pharmaceutical
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Biotechnology
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accenture plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cognizant
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Infosys Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 International Business Machines Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 IQVIA Inc
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Oracle Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Rockwell Automation Inc
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 SAS Institute Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 TAKE Solutions Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Wipro Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Life Science Analytics Market: Major Drivers and Challenges
Figure 2: Global: Life Science Analytics Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Life Science Analytics Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Life Science Analytics Market: Breakup by Type (in %), 2020
Figure 5: Global: Life Science Analytics Market: Breakup by Component (in %), 2020
Figure 6: Global: Life Science Analytics Market: Breakup by Deployment Mode (in %), 2020
Figure 7: Global: Life Science Analytics Market: Breakup by Application (in %), 2020
Figure 8: Global: Life Science Analytics Market: Breakup by End Use (in %), 2020
Figure 9: Global: Life Science Analytics Market: Breakup by Region (in %), 2020
Figure 10: Global: Life Science Analytics (Reporting) Market: Sales Value (in Million US$), 2015 and 2020
Figure 11: Global: Life Science Analytics (Reporting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Life Science Analytics (Descriptive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 13: Global: Life Science Analytics (Descriptive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Life Science Analytics (Predictive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 15: Global: Life Science Analytics (Predictive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Life Science Analytics (Prescriptive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 17: Global: Life Science Analytics (Prescriptive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Life Science Analytics (Software) Market: Sales Value (in Million US$), 2015 and 2020
Figure 19: Global: Life Science Analytics (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Life Science Analytics (Services) Market: Sales Value (in Million US$), 2015 and 2020
Figure 21: Global: Life Science Analytics (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Life Science Analytics (On-demand) Market: Sales Value (in Million US$), 2015 and 2020
Figure 23: Global: Life Science Analytics (On-demand) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Life Science Analytics (On-premises) Market: Sales Value (in Million US$), 2015 and 2020
Figure 25: Global: Life Science Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Life Science Analytics (Research and Development) Market: Sales Value (in Million US$), 2015 and 2020
Figure 27: Global: Life Science Analytics (Research and Development) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Life Science Analytics (Sales and Marketing Support) Market: Sales Value (in Million US$), 2015 and 2020
Figure 29: Global: Life Science Analytics (Sales and Marketing Support) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Life Science Analytics (Supply Chain Analytics) Market: Sales Value (in Million US$), 2015 and 2020
Figure 31: Global: Life Science Analytics (Supply Chain Analytics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Life Science Analytics (Pharmacovigilance- PV) Market: Sales Value (in Million US$), 2015 and 2020
Figure 33: Global: Life Science Analytics (Pharmacovigilance- PV) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Life Science Analytics (Other Applications) Market: Sales Value (in Million US$), 2015 and 2020
Figure 35: Global: Life Science Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Life Science Analytics (Medical Devices) Market: Sales Value (in Million US$), 2015 and 2020
Figure 37: Global: Life Science Analytics (Medical Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Life Science Analytics (Pharmaceutical) Market: Sales Value (in Million US$), 2015 and 2020
Figure 39: Global: Life Science Analytics (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Life Science Analytics (Biotechnology) Market: Sales Value (in Million US$), 2015 and 2020
Figure 41: Global: Life Science Analytics (Biotechnology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Life Science Analytics (Other End Uses) Market: Sales Value (in Million US$), 2015 and 2020
Figure 43: Global: Life Science Analytics (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 45: North America: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: United States: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 47: United States: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Canada: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 49: Canada: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Asia Pacific: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 51: Asia Pacific: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: China: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 53: China: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Japan: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 55: Japan: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: India: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 57: India: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: South Korea: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 59: South Korea: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Australia: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 61: Australia: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Indonesia: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 63: Indonesia: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 65: Others: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Europe: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 67: Europe: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Germany: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 69: Germany: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: France: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 71: France: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: United Kingdom: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 73: United Kingdom: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Italy: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 75: Italy: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Spain: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 77: Spain: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Russia: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 79: Russia: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 81: Others: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Latin America: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 83: Latin America: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Brazil: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 85: Brazil: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Mexico: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 87: Mexico: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Others: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 89: Others: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Middle East and Africa: Life Science Analytics Market: Sales Value (in Million US$), 2015 and 2020
Figure 91: Middle East and Africa: Life Science Analytics Market: Breakup by Country (in %), 2020
Figure 92: Middle East and Africa: Life Science Analytics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Global: Life Science Analytics Industry: SWOT Analysis
Figure 94: Global: Life Science Analytics Industry: Value Chain Analysis
Figure 95: Global: Life Science Analytics Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Life Science Analytics Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Life Science Analytics Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Life Science Analytics Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Global: Life Science Analytics Market Forecast: Breakup by Deployment Mode (in Million US$), 2021-2026
Table 5: Global: Life Science Analytics Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Life Science Analytics Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 7: Global: Life Science Analytics Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Life Science Analytics Market: Competitive Structure
Table 9: Global: Life Science Analytics Market: Key Players