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Global Life Science Analytics Market Size, Growth, Analysis: By Product: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; By End Use: Clinical Research Institutes, Pharmaceutical and Biotechnology Companies, Medical Device Companies, Others; By Application; By Delivery; Regional Analysis; Supplier Landscape; 2024-2032
Global Life Science Analytics Market Outlook
The global life science analytics market size attained a value of USD 9.0 billion in 2023. The market is further expected to grow at a CAGR of 8.10% during the forecast period of 2024-2032 to attain a value of USD 18.1 billion by 2032.
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Properties and Applications
The life science analytics industry can be broadly categorised into products, end-uses, and applications.
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Based on the products, the industry is divided as:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Based on the end-uses, the industry can be segmented as:
- Clinical Research Institution
- Pharmaceuticals and Biotechnology Companies
- Medical Device Companies
- Others
Based on application, the industry can be divided into:
- Research and Development
- Supply Chain Analytics
- Sales and Marketing
- Others
The EMR report looks into the regional markets of life science analytics like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global life science analytics market is driven by the increasing prevalence of chronic diseases, technological advancements and rising demand for improved data standardization. Moreover, the growing adoption of analytics for sales and marketing apps has further enhanced the market growth. The lack of qualified professionals and budget constraints, however, might hamper the growth of the industry in the coming years.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global life science analytics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Accenture PLC (NYSE: ACN)
- Cognizant Technology Solutions Corp
- IBM Corporation
- MaxisIT Inc.
- Oracle Corporation
- IQVIA Holding Inc
- SAS Institute Inc.
- SCIOInspire, Corp.
- TAKE Solutions Limited
- Wipro Limited
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Application |
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| Breakup by Delivery |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Life Science Analytics Market Overview
3.1 Global Life Science Analytics Market Historical Value (2017-2023)
3.2 Global Life Science Analytics Market Forecast Value (2024-2032)
4 Global Life Science Analytics Market Landscape
4.1 Global Life Science Analytics Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Life Science Analytics Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Life Science Analytics Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Life Science Analytics Market Segmentation
6.1 Global Life Science Analytics Market by Product
6.1.1 Market Overview
6.1.2 Descriptive Analytics
6.1.3 Predictive Analytics
6.1.4 Prescriptive Analytics
6.2 Global Life Science Analytics Market by End Use
6.2.1 Market Overview
6.2.2 Clinical Research Institutes
6.2.3 Pharmaceutical and Biotechnology Companies
6.2.4 Medical Device Companies
6.2.5 Others
6.3 Global Life Science Analytics Market by Application
6.3.1 Market Overview
6.3.2 Research and Development
6.3.3 Supply Chain Analytics
6.3.4 Sales and Marketing
6.3.5 Others
6.4 Global Life Science Analytics Market by Delivery
6.4.1 Market Overview
6.4.2 On-Demand
6.4.3 On-Premise
6.5 Global Life Science Analytics Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Life Science Analytics Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Life Science Analytics Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Life Science Analytics Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Life Science Analytics Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Life Science Analytics Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Accenture Plc (NYSE: ACN)
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 IBM Corporation (NYSE: IBM)
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Oracle Corporation (NYSE: ORCL)
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 IQVIA Inc. (NYSE: IQV)
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 SAS Institute Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 WIPRO LIMITED
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 TAKE SOLUTIONS LIMITED
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 SAP SE
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Scio Health Analytics
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Life Science Analytics Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The life science analytics market was valued at USD 9.0 billion in 2023.
The market is expected to grow at a CAGR of 8.10% from 2024 to 2032 to reach a value of USD 18.1 billion by 2032.
The major drivers of the market include growing digitalisation, the increasing prevalence of chronic diseases, and improved data standardisation to manage a large number of datasets.
The growing adoption of cloud-based services and connected devices in the healthcare sector and rapid technological advancements are the key market trends guiding the growth of the market.
The major regional markets of life science analytics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading products of life science analytics in the market are descriptive analytics, predictive analytics, and prescriptive analytics.
The major end use segments of the product include clinical research institution, pharmaceuticals and biotechnology companies, and medical device companies, among others.
Research and development, supply chain analytics, and sales and marketing, among others, are the significant application segments in the market.
The major market players include Accenture Plc, Cognizant Technology Solutions Corporation, IBM Corporation, Oracle Corporation, IQVIA Inc., and SAS Institute Inc., among others.
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