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21-Jun-2019

Life Science Analytics At An Exponential CAGR Of 12.1% And Market Will Reached USD 25.2 Billion By 2024

Global Life Science Analytics Market is expected to grow significantly from USD 10.6 billion in 2017 to USD 25.2 billion in 2024, at an exponential CAGR of 12.1% from 2018 to 2024.

The global life science analytics market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2018 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2018 to 2024.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the global life science analytics market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa).

Key Takeaways:

What is the market size in 2018 and the growth rate of the global life science analytics market?

What is the market drivers, restrains, opportunities governing the global life science analytics market?

Which are the largest and the fastest growing segments in the global life science analytics market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Factors driving the growth of the market are; technological advancements and availability of big data in life science industry. Moreover, the growing adoption of analytics solutions for clinical trials, and marketing, as well as sales applications coupled with increasing need for improved data standardization, is expected to fuel the market over the forecast period.

The years used for the assessment are as follows:

Historical year: 2014, 2015, 2016

Base year: 2017

Forecast period: 2018 ndash; 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total global life science analytics market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global life science analytics market
Finalizing the overall size and share of the global life science analytics market

OBJECTIVES:

To analyze market trends, opportunities, drivers, and restraints associated with the global life science analytics market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the global life science analytics market and provide their competitive landscape

MARKET SCOPE

The research scope for Global Life Science Analytics Market is as follows:

By Type

Descriptive analytics
Predictive analytics
Prescriptive analytics

By Component

Software
Service

By Delivery

On-premise
On-demand

By Application

Research and Development
Clinical Trials
Sales and Marketing Support
Regulatory Compliance
Supply Chain Analytics
Pharmacovigilance

By End-user

Pharmaceutical and Biotechnology Companies
Third-Party Administrators
Research Centers
Medical Device Companies

By Geography

North America
Europe
Asia-Pacific
Central and South America
Middle East and Africa

FREE ANALYSIS

As healthcare industry is exponentially growing due to the rising number of patients, it requires appropriate and systematic way of maintaining the patientrsquo;s record. The life science analytics serves encapsulation, management, and analysis of data effectively, without losing any information. It is a tool used to integrate the patientrsquo;s data including patientrsquo;s health, profiling, scientific research, and regulatory requirements. Also, it supports wide range of medical and healthcare functions such as disease surveillance, clinical decision support as well as clinical analytics. Moreover, Life science analytics provides available tools, infrastructures, and techniques to leverage a large amount of data effectively, and helps overcome the risk of losing potentially millions of dollars in revenue and profits.

Geographically, the global life science analytics market is segmented into North America, Europe, Asia-Pacific, Central and South America, and Middle East and Africa. North America held the major share of the global market in 2017, owing to growing adoption of new technologies and presence of major player in the region. However, Asia-Pacific region is expected to register highest CAGR over the forecast period.This is mainly attributed to the extensively growing pharmaceutical and biotechnology industry in developing countries such as India and China.

Some of the key companies operating in the market include IBM Corporation, Wipro Limited, SCIO Health Analytics, MaxisIT, Inc., Quintiles, Inc., TAKE Solutions Limited, Oracle Corporation, SAS Institute, Inc., and IQVIA.

Few Significant from Table Of Contents

Global Life Science Analytics Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope and assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Global Life Science Analytics- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global life science analytics market

3.4. Market opportunities and trends

3.4.1. Advancements in Technology

3.5. Market driver analysis

3.5.1. Growing demand for analytics in sales and marketing applications

3.5.2. Availability of big data in life science industry

3.5.3. Growing adoption of analytics solutions in pharmaceutical and biotechnological industries

3.6. Market restraint analysis

3.6.1. Lack of skilled professionals

3.7. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Company share analysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Life Science Analytics Market Size and Forecast (2014 ndash; 2024)

5.1. Global Life Science Analytics Market, By Type (USD Billion)

5.1.1. Descriptive Analytics

5.1.2. Predictive Analytics

5.1.3. Prescriptive Analytics

5.2. Global Life Science Analytics Market, By Component (USD Billion)

5.2.1. Software

5.2.2. Service

5.3. Global Life Science Analytics Market, By Delivery (USD Billion)

5.3.1. On-premise

5.3.2. On-demand

5.4. Global Life Science Analytics Market, By Application (USD Billion)

5.4.1. Research and Development

5.4.2. Clinical Trials

5.4.3. Sales and Marketing Support

5.4.4. Regulatory Compliance

5.4.5. Supply Chain Analytics

5.4.6. Pharmacovigilance

5.5. Global Life Science Analytics Market, By End-user (USD Billion)

5.5.1. Pharmaceutical and Biotechnology Companies

5.5.2. Third-Party Administrators

5.5.3. Research Centers

5.5.4. Medical Device Companies

CHAPTER 6. Global Life Science Analytics Market, By Geography

6.1. North America Life Science Analytics Market

6.1.1. North America Life Science Analytics Market By Type (USD Billion)

6.1.2. North America Life Science Analytics Market By Component (USD Billion)

6.1.3. North America Life Science Analytics Market By Delivery (USD Billion)

6.1.4. North America Life Science Analytics Market By Application (USD Billion)

6.1.5. North America Life Science Analytics Market, By End-user (USD Billion)

6.1.6. North America Life Science Analytics Market, By Country

6.1.6.1. U.S.

6.1.6.2. Canada

6.1.6.3. Mexico

6.2. Europe Life Science Analytics Market

6.2.1. Europe Life Science Analytics Market By Type (USD Billion)

6.2.2. Europe Life Science Analytics Market By Component (USD Billion)

6.2.3. Europe Life Science Analytics Market By Delivery (USD Billion)

6.2.4. Europe Life Science Analytics Market By Application (USD Billion)

6.2.5. Europe Life Science Analytics Market, By End-user (USD Billion)

6.2.6. Europe Life Science Analytics Market, By Country

6.2.6.1. Germany

6.2.6.2. France

6.2.6.3. U.K.

6.2.6.4. Rest of Europe

6.3. Asia-Pacific Life Science Analytics Market

6.3.1. Asia-Pacific Life Science Analytics Market By Type (USD Billion)

6.3.2. Asia-Pacific Life Science Analytics Market By Component (USD Billion)

6.3.3. Asia-Pacific Life Science Analytics Market By Delivery (USD Billion)

6.3.4. Asia-Pacific Life Science Analytics Market By Application (USD Billion)

6.3.5. Asia-Pacific Life Science Analytics Market, By End-user (USD Billion)

6.3.6. Asia-Pacific Life Science Analytics Market, By Country

6.3.6.1. China

6.3.6.2. Japan

6.3.6.3. Australia

6.3.6.4. India

6.3.6.5. Rest of Asia-Pacific

6.4. Central and South America Life Science Analytics Market

6.4.1. Central and South America Life Science Analytics Market By Type (USD Billion)

6.4.2. Central and South America Life Science Analytics Market By Component (USD Billion)

6.4.3. Central and South America Life Science Analytics Market By Delivery (USD Billion)

6.4.4. Central and South America Life Science Analytics Market By Application (USD Billion)

6.4.5. Central and South America Life Science Analytics Market, By End-user (USD Billion)

6.4.6. Central and South America Life Science Analytics Market, By Country

6.4.6.1. Argentina

6.4.6.2. Brazil

6.4.6.3. Rest of Central and South America

6.5. Middle East and Africa Life Science Analytics Market

6.5.1. Middle East and Africa Life Science Analytics Market By Type (USD Billion)

6.5.2. Middle East and Africa Life Science Analytics Market By Component (USD Billion)

6.5.3. Middle East and Africa Life Science Analytics Market By Delivery (USD Billion)

6.5.4. Middle East and Africa Life Science Analytics Market By Application (USD Billion)

6.5.5. Middle East and Africa Life Science Analytics Market, By End-user (USD Billion)

6.5.6. Middle East and Africa Life Science Analytics Market, By Country

6.5.6.1. Saudi Arabia

6.5.6.2. South Africa

6.5.6.3. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. IBM Corporation

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Wipro Limited

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. SCIO Health Analytics

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. MaxisIT, Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Quintiles, Inc.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. TAKE Solutions Limited

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Oracle Corporation

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. SAS Institute, Inc.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. IQVIA

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Abbreviation

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Last Updated: 21-Jun-2019