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Global Life Science Analytics Market Size study, Life Science Analytics Size, Share & Trends Analysis Report by Component (Software and Services), by Type (Reporting, descriptive and Others), by Application (Sales and marketing, Research and Development and Others), by Delivery (On Demand and On-Premise), by End Us er (Medical Devices, Pharmaceutical, Biotechnology and Others) and Regional Forecasts 2021-2027

  • BIZ4412129
  • 200 Pages
  • May 2021
  • Medical Devices
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Global Life Science Analytics Market is valued approximately USD 7.45 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.59% over the forecast period 2021-2027.

Life sciences analytics is a process of clinical data analysis which delivers predictive tools for better patient care management. Huge databases are created based on past information of patients which helps in forecasting the future trends of diseases and treatment for the pharmaceutical companies, healthcare professionals and patients. The primary motive of the life science analytics is to develop personalized health care. This is one of the reasons why the collaborative initiative is taken where Life Science Analytics plays a pivotal role in research and development of drugs, clinical trials, marketing of drugs and increasing the sales of businesses in industry. The increasing adoption of data analytics and data mining in the healthcare industry, the growing population having chronic diseases, rising demand for better patient experience, reducing healthcare expenditure in the long run and growing internet connectivity are the factors driving the Life Science Analytics market. Many healthcare companies are investing in analytics field and collaborating with technology companies to stay ahead in this new field. For instance: Novartis has effectively applied AI technology broadly across its operations and innovations for creating a personalized user experience, and enabling interactions with healthcare professionals. Also, Novartis, in 2019, announced its partnership with the Amazon Web Services to develop an enterprise-wide data and analytics platform. Another collaboration with Microsoft lead to the development of an AI Innovation Lab. It also collaborated with Chinese tech giant Tencent to develop a mini-app known as AI Nurse. The app is an AI based tool to enable the prognosis and diagnosis of heart failure in people. In 2021, Pfizer has partnered with Iktos, a firm working in artificial intelligence drug discovery. The company will use Iktos for new design to ‘select Pfizer small-molecule discovery platforms. The issue of data privacy and security may act as a restraint for its growth. However, increasing innovations in data analytics field, especially after the COVID-19 pandemic, acts as an opportunity for Life Science Analytics Market in subsequent decade.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analyzed to provide a holistic picture of Life Science Analytics Market. Due to greater demand for analytics from healthcare companies as well as higher per capita income, North America is the significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing population with chronic diseases. Governmental support for incorporating analytics in healthcare will also boost growth in this region.

Major market player included in this report are:

Accenture

Cognizant

IBM

Oracle

SAS Institute Inc.

Wipro Ltd.

Iqvia

Take Solutions Limited

Maxisit

Optum

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Software

Services

By Type:

Reporting

Descriptive

Predictive

Prescriptive

By Application:

Research and Development (R&D)

Sales and Marketing Support

Regulatory Compliance

Supply Chain Analytics

Pharmacovigilance

By Delivery:

On-demand

On-premise

By End User:

Medical Devices

Pharmaceutical

Biotechnology

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Life Science Analytics Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Life Science Analytics Market, by Component, 2019-2027 (USD Billion)

1.2.2. Life Science Analytics Market, by Type, 2019-2027 (USD Billion)

1.2.3. Life Science Analytics Market, by Application, 2019-2027 (USD Billion)

1.2.4. Life Science Analytics Market, by Delivery, 2019-2027 (USD Billion)

1.2.5. Life Science Analytics Market, by End User, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Life Science Analytics Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Life Science Analytics Market Dynamics

3.1. Life Science Analytics Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing application of data analytics and data mining

3.1.1.2. Growth in population with chronic diseases

3.1.2. Market Challenges

3.1.2.1. Data privacy and security issues

3.1.3. Market Opportunities

3.1.3.1. Innovations in AI and data analytics field after pandemic

Chapter 4. Global Life Science Analytics Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Life Science Analytics Market, by Component

5.1. Market Snapshot

5.2. Global Life Science Analytics Market by Component, Performance - Potential Analysis

5.3. Global Life Science Analytics Market Estimates & Forecasts by Component 2018-2027 (USD Billion)

5.4. Life Science Analytics Market, Sub Segment Analysis

5.4.1. Software

5.4.2. Services

Chapter 6. Global Life Science Analytics Market, by Type

6.1. Market Snapshot

6.2. Global Life Science Analytics Market by Type, Performance - Potential Analysis

6.3. Global Life Science Analytics Market Estimates & Forecasts by Type 2018-2027 (USD Billion)

6.4. Life Science Analytics Market, Sub Segment Analysis

6.4.1. Reporting

6.4.2. Descriptive

6.4.3. Predictive

6.4.4. Prescriptive

Chapter 7. Global Life Science Analytics Market, by Application

7.1. Market Snapshot

7.2. Global Life Science Analytics Market by Application, Performance - Potential Analysis

7.3. Global Life Science Analytics Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

7.4. Life Science Analytics Market, Sub Segment Analysis

7.4.1. Research and Development (R&D)

7.4.2. Sales and Marketing Support

7.4.3. Regulatory Compliance

7.4.4. Supply Chain Analytics

7.4.5. Pharmacovigilance

Chapter 8. Global Life Science Analytics Market, by Delivery

8.1. Market Snapshot

8.2. Global Life Science Analytics Market by Delivery, Performance - Potential Analysis

8.3. Global Life Science Analytics Market Estimates & Forecasts by Delivery 2018-2027 (USD Billion)

8.4. Life Science Analytics Market, Sub Segment Analysis

8.4.1. On-demand

8.4.2. On-premise

Chapter 9. Global Life Science Analytics Market, by End User

9.1. Market Snapshot

9.2. Global Life Science Analytics Market by End User, Performance - Potential Analysis

9.3. Global Life Science Analytics Market Estimates & Forecasts by End User 2018-2027 (USD Billion)

9.4. Life Science Analytics Market, Sub Segment Analysis

9.4.1. Medical Devices

9.4.2. Pharmaceutical

9.4.3. Biotechnology

9.4.4. Others

Chapter 10. Global Life Science Analytics Market, Regional Analysis

10.1. Life Science Analytics Market, Regional Market Snapshot

10.2. North America Life Science Analytics Market

10.2.1. U.S. Life Science Analytics Market

10.2.1.1. Component breakdown estimates & forecasts, 2018-2027

10.2.1.2. Type breakdown estimates & forecasts, 2018-2027

10.2.1.3. Application breakdown estimates & forecasts, 2018-2027

10.2.1.4. Delivery breakdown estimates & forecasts, 2018-2027

10.2.1.5. End User breakdown estimates & forecasts, 2018-2027

10.2.2. Canada Life Science Analytics Market

10.3. Europe Life Science Analytics Market Snapshot

10.3.1. U.K. Life Science Analytics Market

10.3.2. Germany Life Science Analytics Market

10.3.3. France Life Science Analytics Market

10.3.4. Spain Life Science Analytics Market

10.3.5. Italy Life Science Analytics Market

10.3.6. Rest of Europe Life Science Analytics Market

10.4. Asia-Pacific Life Science Analytics Market Snapshot

10.4.1. China Life Science Analytics Market

10.4.2. India Life Science Analytics Market

10.4.3. Japan Life Science Analytics Market

10.4.4. Australia Life Science Analytics Market

10.4.5. South Korea Life Science Analytics Market

10.4.6. Rest of Asia Pacific Life Science Analytics Market

10.5. Latin America Life Science Analytics Market Snapshot

10.5.1. Brazil Life Science Analytics Market

10.5.2. Mexico Life Science Analytics Market

10.6. Rest of The World Life Science Analytics Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. Accenture

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Cognizant

11.2.3. IBM

11.2.4. Oracle

11.2.5. SAS Institute Inc.

11.2.6. Wipro Ltd.

11.2.7. Iqvia

11.2.8. Take Solutions Limited

11.2.9. Maxisit

11.2.10. Optum

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. Global Life Science Analytics Market, report scope

TABLE 2. Global Life Science Analytics Market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Life Science Analytics Market estimates & forecasts by Component 2018-2027 (USD Billion)

TABLE 4. Global Life Science Analytics Market estimates & forecasts by Type 2018-2027 (USD Billion)

TABLE 5. Global Life Science Analytics Market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 6. Global Life Science Analytics Market estimates & forecasts by Delivery 2018-2027 (USD Billion)

TABLE 7. Global Life Science Analytics Market estimates & forecasts by End User 2018-2027 (USD Billion)

TABLE 8. Global Life Science Analytics Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Life Science Analytics Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Life Science Analytics Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Life Science Analytics Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Life Science Analytics Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Life Science Analytics Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Life Science Analytics Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Life Science Analytics Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Life Science Analytics Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Life Science Analytics Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. U.S. Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. U.S. Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 20. U.S. Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. Canada Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Canada Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. Canada Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. UK Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. UK Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. UK Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. Germany Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 28. Germany Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. Germany Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. RoE Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 31. RoE Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. RoE Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. China Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 34. China Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. China Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. India Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 37. India Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. India Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. Japan Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 40. Japan Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Japan Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. RoAPAC Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 43. RoAPAC Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. RoAPAC Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Brazil Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 46. Brazil Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. Brazil Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. Mexico Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 49. Mexico Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. Mexico Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. RoLA Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 52. RoLA Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. RoLA Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. Row Life Science Analytics Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 55. Row Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Row Life Science Analytics Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. List of secondary sources, used in the study of global Life Science Analytics Market

TABLE 58. List of primary sources, used in the study of global Life Science Analytics Market

TABLE 59. Years considered for the study

TABLE 60. Exchange rates considered

 
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