Life sciences are the study of various organisms such as plants, animals, and human beings, and is characterised by several interdisciplinary aspects of molecular biology and biotechnology. The life science analytics market is expected to reach $28.54 Billion by 2024 from $13.282 Billion in 2017, at a CAGR of 13.4%. Availability of big data in the life science industry and increasing adoption of analytics solutions in clinical trials are the drivers boosting the market growth. On the flipside, data privacy issue and data integration in the life science ecosystem are the restraints hampering the growth of the market. Increasing focus on value-based medicine and use of big data analytics to increase R&D productivity are the opportunities for the market.
Research Study Objectives:
- Define, estimate, and forecast the Life Science Analytics market statistics by type, component, delivery mode, application, end user and regions concerning the individual growth drivers, market trends and their contribution toward the Life Science Analytics market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Life Science Analytics Market Analysis
- Analysis and conclusions on the future Life Science Analytics market outlook.
Top-down and bottom-up approaches are used to validate the Life Science Analytics Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations
and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Life Science Analytics Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Life Science Analytics market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Life Science Analytics market segmentation is as follows:
By Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
By Delivery Mode
- On-Premise Delivery Models
- On-Demand Delivery Models
By Component
By Application
- Research & Development
- Sales and Marketing Support
- Regulatory Compliance
- Supply Chain Analytics
- Pharmacovigilance
By End User
- Pharmaceutical and Biotechnology Companies
- Medical Device Companies
- Research Centers
- Third-Party Administrators
Geographical Analysis:
Life Science Analytics Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and
many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Life Science Analytics Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Life Science Analytics Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Life Science Analytics market players, such as
- SAS Institute Inc.
- IBM Corporation
- Oracle Corporation
- Quintiles, Inc.
- Accenture
- Along with these companies, many other companies are considered in the report while analysing the Global Life Science Analytics competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
