Life sciences analytics is used for capitalizing on big data to increase the global collaboration based on accurate clinical research information. The life sciences analytics helps to standardize the clinical trials data and validate its adherence. Advanced analytics aids in early detection of potential risks and also enables to proactively address them.
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period.
The “Global Life Science Analytics Market Analysis to 2025” is a specialized and in-depth study of the healthcare industry with a focused global market trend. The report aims to provide an overview of global life science analytics market with detailed market segmentation by type, component, delivery model, application, end user and geography. The global life science analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
On the basis of type the market is segmented into predictive analytics, prescriptive analytics and descriptive analytics. By component, the life science analytics market is segmented as services and software. The market based on delivery model market is classified as on-premise and on-demand. The application market is classified as research and development, sales and marketing support, regulatory compliance, supply chain analytics and Pharmacovigilance. Based on end user the market is segmented as pharmaceutical & biotechnology companies, research centers, medical device companies and third-party administrators.
The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global life science analytics based on type, component, delivery model, application, and end user. It also provides market size and forecast till 2025 for overall life science analytics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America followed by Europe, is expected to dominate the life science analytics market in the global arena due to the increasing public & private R&D initiatives on life science research and increasing demand for use of big data analytics that helps to increase R&D productivity in the region. The Asia-Pacific region is anticipated to show a significant growth rate over the next five years in the global life science analytics market due to the increasing foscus on better profiling & targeting of clients and medical practitioners in the region.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key life science analytics manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are IBM, Oracle, SAS Institute Inc., Accenture, IQVIA, Cognizant, MaxisIT, TAKE Solutions Limited, Wipro Limited, SCIOInspire, Corp and others.
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