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Life Science Analytics Market 2017-2021 by Type, Application, Component, Delivery, and End user - A $24.7 Billion Market - Research and Markets

Research and Markets
Posted on: 08 Jan 18

The "Life Science Analytics Market by Type (Descriptive, Prescriptive), Application (Marketing, R&D, Compliance, SCM), Component (Software, Service), Delivery, End user (Pharmaceutical, Biotechnology, Medical Device, CRO) - Forecasts to 2021" report has been added to Research and Markets' offering.

The life science analytics market is expected to reach USD 24.73 Billion by 2021 from USD 13.26 Billion in 2016, at a CAGR of 13.3% from 2016 to 2021.

Major factors contributing to the growth of the global life science analytics market include technological advancements, availability of big data in the life science industry, growing adoption of analytics solutions for clinical trials, increasing adoption of analytics solutions for sales and marketing applications, growing need for improved data standardization, rising prevalence of chronic diseases, increasing pressure to curb healthcare spending, and growing need for improved patient outcomes.

Moreover, increasing focus on value-based medicine, use of analytics in precision and personalized medicine, cloud-based analytics, use of big data analytics to increase R&D productivity, and emergence of social media and its impact on the life science industry provide significant growth opportunities in the market. However, lack of skilled professionals and financial constraints may hinder the growth of this market during the forecast period.

Asia is projected to be fastest-growing region in the market during the forecast period. High growth in this region can be attributed to factors such as large population base, growing prevalence of chronic diseases, increasing need for innovative therapies, and low manufacturing costs in the region. Moreover, growing focus on the adoption of digital technology in life science manufacturing and R&D activities is expected to boost the life science analytics market in Asia.

Key players in the life science analytics market include SAS Institute Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Quintiles, Inc. (U.S.), Accenture (Ireland), Cognizant (U.S.), Wipro Limited (India), MaxisIT, Inc. (U.S.), TAKE Solutions (India), and SCIO Health Analytics (U.S.).

Key Topics:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Life Science Analytics Market, By Type

7 Life Science Analytics Market, By Application

8 Life Science Analytics Market, By Component

9 Life Science Analytics Market, By Delivery Model

10 Life Science Analytics Market, By End User

11 Life Science Analytics Market, By Region

12 Competitive Landscape

13 Company Profiles

  • Accenture
  • Cognizant
  • IBM Corporation
  • Maxisit 157
  • Oracle Corporation
  • Quintiles, Inc.
  • SAS Institute Inc.
  • Scio Health Analytics
  • Take Solutions
  • Wipro Limited

For more information about this report visit https://www.researchandmarkets.com/research/2s6knj/life_science?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180108006023/en/

Business Wire
www.businesswire.com

Last updated on: 08/01/2018

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