Life Science Analytics- Global Market Outlook (2019-2027)

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Life Science Analytics- Global Market Outlook (2019-2027)

Global Life Science Analytics market accounted for $19.44 billion in 2019 and is expected to reach $71.59 billion by 2027 growing at a CAGR of 17.7% during the forecast period. Increasing adoption of analytics for sales and marketing applications, increasing prevalence of chronic diseases, and big data in the life science industry are the factors driving the market growth. However, high implementation costs may hinder market growth.

 

Life science analytics tools permit biopharma companies to keep their data secured while permitting researchers and scientists to examine drug outcome in seconds and also they help in clinical trial results that can be easily compared with historical genomics data. Life science analytics is used to take advantage of big data to grow the global partnership based on accurate clinical research information. The life science analytics aid to standardize the clinical trials data and validate its conformity. Life science analytics are used extensively in the life science industry to provide personalized medicine, research and development pipeline forecasting profits, to assess risk, budgeting, predict virus evolution and controlling product price.

 

By application, the sales & marketing segment is expected to grow at the highest rate during the forecast period. The excessive growth of this segment is often attributed to the increasing adoption of analytics by life science companies to align their sales & marketing campaigns. The growing importance of post-marketing surveillance is additionally boosting the use of analytics for sales & marketing.

 

By geography, Asia-Pacific is expected to have the highest market share during the forecast period. Asia Pacific is anticipated to grow at the high growth during the forecast period owing to the increasing prevalence of chronic diseases, growth of the life science industry, increasing adoption of progressive technologies, and the rising focus of main players on increasing their existence in emerging Asian countries.

 

Some of the key players profiled in the Life Science Analytics Market include Accenture, Allscripts Healthcare Solutions, Cerner Corporation, Cognizant, Cotiviti, IBM Corporation, Infosys Limited, MaxisIT, Microsoft, Optum, Oracle Corporation, SAS Institute Inc, SCIO Health Analytics, Wipro.

 

Types Covered:

• Predictive Analytics

• Descriptive Analytics

• Diagnostic Analytics

• Discovery Analytics

• Prescriptive Analytics

• Reporting

 

Components Covered:

• Software

• Service

• Hardware

 

Applications Covered:

•  Sales & Marketing

• Regulatory Compliance

• Research & Development (R&D)

• Pharmacovigilance (PV)

• Supply Chain Optimization

 

End Users Covered:

• Hospitals & Clinics

• Laboratories

• Medical Device Companies

• Pharmaceutical & Biotechnology Companies

• Research Centers

• Other End Users (Third-party Administrators TPAS)

 

Regions Covered:

• North America

o US

o Canada

o Mexico

• Europe

o Germany

o UK

o Italy

o France

o Spain

o Rest of Europe

• Asia Pacific

o Japan       

o China       

o India       

o Australia 

o New Zealand

o South Korea

o Rest of Asia Pacific   

• South America

o Argentina

o Brazil

o Chile

o Rest of South America

• Middle East & Africa

o Saudi Arabia

o UAE

o Qatar

o South Africa

o Rest of Middle East & Africa

 

What our report offers:

- Market share assessments for the regional and country-level segments

- Strategic recommendations for the new entrants

- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

 

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

•   Company Profiling

o Comprehensive profiling of additional market players (up to 3)

o SWOT Analysis of key players (up to 3)

•   Regional Segmentation

o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)

•   Competitive Benchmarking

o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

"

 

"1 Executive Summary               

                

2 Preface               

 2.1 Abstract              

 2.2 Stake Holders              

 2.3 Research Scope              

 2.4 Research Methodology              

  2.4.1 Data Mining             

  2.4.2 Data Analysis             

  2.4.3 Data Validation             

  2.4.4 Research Approach             

 2.5 Research Sources              

  2.5.1 Primary Research Sources             

  2.5.2 Secondary Research Sources             

  2.5.3 Assumptions             

                

3 Market Trend Analysis               

 3.1 Introduction              

 3.2 Drivers              

 3.3 Restraints              

 3.4 Opportunities              

 3.5 Threats              

 3.6 Application Analysis              

 3.7 End User Analysis              

 3.8 Emerging Markets              

 3.9 Impact of Covid-19   

          

4 Porters Five Force Analysis            

 4.1 Bargaining Power of Suppliers              

 4.2 Bargaining Power of Buyers              

 4.3 Threat of Substitutes              

 4.4 Threat of New Entrants              

 4.5 Competitive Rivalry              

                

5 Global Life Science Analytics Market, By Type               

 5.1 Introduction              

 5.2 Predictive Analytics              

 5.3 Descriptive Analytics              

 5.4 Diagnostic Analytics              

 5.5 Discovery Analytics              

 5.6 Prescriptive Analytics              

 5.7 Reporting              

                

6 Global Life Science Analytics Market, By Component               

 6.1 Introduction              

 6.2 Software              

  6.2.1 On-Premise Model             

  6.2.2 On-Demand Model              

 6.3 Service              

  6.3.1 Professional             

  6.3.2 Managed             

 6.4 Hardware              

                

7 Global Life Science Analytics Market, By Application               

 7.1 Introduction              

 7.2 Sales & Marketing              

 7.3 Regulatory Compliance               

 7.4 Research & Development (R&D)              

  7.4.1 Clinical Trials             

  7.4.2 Preclinical Trials             

 7.5 Pharmacovigilance (PV)              

 7.6 Supply Chain Optimization              

                

8 Global Life Science Analytics Market, By End User               

 8.1 Introduction              

 8.2 Hospitals & Clinics              

 8.3 Laboratories              

 8.4 Medical Device Companies              

 8.5 Pharmaceutical & Biotechnology Companies               

 8.6 Research Centers              

 8.7 Other End Users (Third-party Administrators TPAS)              

                

10 Global Life Science Analytics Market, By Geography               

 10.1 Introduction              

 10.2 North America              

  10.2.1 US             

  10.2.2 Canada             

  10.2.3 Mexico             

 10.3 Europe              

  10.3.1 Germany             

  10.3.2 UK             

  10.3.3 Italy             

  10.3.4 France             

  10.3.5 Spain             

  10.3.6 Rest of Europe             

 10.4 Asia Pacific              

  10.4.1 Japan             

  10.4.2 China             

  10.4.3 India             

  10.4.4 Australia             

  10.4.5 New Zealand             

  10.4.6 South Korea             

  10.4.7 Rest of Asia Pacific             

 10.5 South America              

  10.5.1 Argentina             

  10.5.2 Brazil             

  10.5.3 Chile             

  10.5.4 Rest of South America             

 10.6 Middle East & Africa              

  10.6.1 Saudi Arabia             

  10.6.2 UAE             

  10.6.3 Qatar             

  10.6.4 South Africa             

  10.6.5 Rest of Middle East & Africa             

                

11 Key Developments               

 11.1 Agreements, Partnerships, Collaborations and Joint Ventures              

 11.2 Acquisitions & Mergers              

 11.3 New Product Launch              

 11.4 Expansions              

 11.5 Other Key Strategies              

                

12 Company Profiling               

 12.1 Accenture               

 12.2 Allscripts Healthcare Solutions              

 12.3 Cerner Corporation              

 12.4 Cognizant              

 12.5 Cotiviti               

 12.6 IBM Corporation              

 12.7 Infosys Limited              

 12.8 MaxisIT              

 12.9 Microsoft              

 12.10 Optum              

 12.11 Oracle Corporation              

 12.12 SAS Institute Inc              

 12.13 SCIO Health Analytics              

 12.14 Wipro              

                

List of Tables                

Table 1 Global Life Science Analytics Market Outlook, By Region (2018-2027) (US $MN)                

Table 2 Global Life Science Analytics Market Outlook, By Type (2018-2027) (US $MN)                

Table 3 Global Life Science Analytics Market Outlook, By Predictive Analytics (2018-2027) (US $MN)                

Table 4 Global Life Science Analytics Market Outlook, By Descriptive Analytics (2018-2027) (US $MN)                

Table 5 Global Life Science Analytics Market Outlook, By Diagnostic Analytics (2018-2027) (US $MN)                

Table 6 Global Life Science Analytics Market Outlook, By Discovery Analytics (2018-2027) (US $MN)                

Table 7 Global Life Science Analytics Market Outlook, By Prescriptive Analytics (2018-2027) (US $MN)                

Table 8 Global Life Science Analytics Market Outlook, By Reporting (2018-2027) (US $MN)                

Table 9 Global Life Science Analytics Market Outlook, By Component (2018-2027) (US $MN)                

Table 10 Global Life Science Analytics Market Outlook, By Software (2018-2027) (US $MN)                

Table 11 Global Life Science Analytics Market Outlook, By On-Premise Model (2018-2027) (US $MN)                

Table 12 Global Life Science Analytics Market Outlook, By On-Demand Model  (2018-2027) (US $MN)                 

Table 13 Global Life Science Analytics Market Outlook, By Service (2018-2027) (US $MN)                

Table 14 Global Life Science Analytics Market Outlook, By Professional (2018-2027) (US $MN)                

Table 15 Global Life Science Analytics Market Outlook, By Managed (2018-2027) (US $MN)                

Table 16 Global Life Science Analytics Market Outlook, By Hardware (2018-2027) (US $MN)                

Table17 Global Life Science Analytics Market Outlook, By Application (2018-2027) (US $MN)                

Table 18 Global Life Science Analytics Market Outlook, By Sales & Marketing (2018-2027) (US $MN)                

Table 19 Global Life Science Analytics Market Outlook, By Regulatory Compliance (2018-2027) (US $MN)                

Table 20 Global Life Science Analytics Market Outlook, By Research & Development (R&D) (2018-2027) (US $MN)                

Table 21 Global Life Science Analytics Market Outlook, By Clinical Trials (2018-2027) (US $MN)                

Table 22 Global Life Science Analytics Market Outlook, By Preclinical Trials (2018-2027) (US $MN)                

Table 23 Global Life Science Analytics Market Outlook, By Pharmacovigilance (PV) (2018-2027) (US $MN)                

Table 24 Global Life Science Analytics Market Outlook, By Supply Chain Optimization (2018-2027) (US $MN)                

Table 25 Global Life Science Analytics Market Outlook, By End User (2018-2027) (US $MN)                

Table 26 Global Life Science Analytics Market Outlook, By Hospitals & Clinics (2018-2027) (US $MN)                

Table 27 Global Life Science Analytics Market Outlook, By Laboratories (2018-2027) (US $MN)                

Table 28 Global Life Science Analytics Market Outlook, By Medical Device Companies (2018-2027) (US $MN)                

Table 29 Global Life Science Analytics Market Outlook, By Pharmaceutical & Biotechnology Companies (2018-2027) (US $MN)                

Table 30 Global Life Science Analytics Market Outlook, By Research Centers (2018-2027) (US $MN)                 

Table 31 Global Life Science Analytics Market Outlook, By Other End Users (Third-party Administrators TPAS) (2018-2027) (US $MN)                                 

Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above

 

Life Science Analytics- Global Market Outlook (2019-2027)

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