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Life Science Analytics Market

Life Science Analytics- Global Market Outlook (2019-2027)

4.1 (48 reviews)
Published: March 2021 ID: SMRC20348
4.1 (48 reviews)
Published: March 2021 ID: SMRC20348

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Life Science Analytics market accounted for $19.44 billion in 2019 and is expected to reach $71.59 billion by 2027 growing at a CAGR of 17.7% during the forecast period. Increasing adoption of analytics for sales and marketing applications, increasing prevalence of chronic diseases, and big data in the life science industry are the factors driving the market growth. However, high implementation costs may hinder market growth.

Life science analytics tools permit biopharma companies to keep their data secured while permitting researchers and scientists to examine drug outcome in seconds and also they help in clinical trial results that can be easily compared with historical genomics data. Life science analytics is used to take advantage of big data to grow the global partnership based on accurate clinical research information. The life science analytics aid to standardize the clinical trials data and validate its conformity. Life science analytics are used extensively in the life science industry to provide personalized medicine, research and development pipeline forecasting profits, to assess risk, budgeting, predict virus evolution and controlling product price.

By application, the sales & marketing segment is expected to grow at the highest rate during the forecast period. The excessive growth of this segment is often attributed to the increasing adoption of analytics by life science companies to align their sales & marketing campaigns. The growing importance of post-marketing surveillance is additionally boosting the use of analytics for sales & marketing.

By geography, Asia-Pacific is expected to have the highest market share during the forecast period. Asia Pacific is anticipated to grow at the high growth during the forecast period owing to the increasing prevalence of chronic diseases, growth of the life science industry, increasing adoption of progressive technologies, and the rising focus of main players on increasing their existence in emerging Asian countries.

Some of the key players profiled in the Life Science Analytics Market include Accenture, Allscripts Healthcare Solutions, Cerner Corporation, Cognizant, Cotiviti, IBM Corporation, Infosys Limited, MaxisIT, Microsoft, Optum, Oracle Corporation, SAS Institute Inc, SCIO Health Analytics, Wipro.

Types Covered:
• Predictive Analytics
• Descriptive Analytics
• Diagnostic Analytics
• Discovery Analytics
• Prescriptive Analytics
• Reporting
 
Components Covered:
• Software
• Service
• Hardware

Applications Covered:
•  Sales & Marketing
• Regulatory Compliance
• Research & Development (R&D)
• Pharmacovigilance (PV)
• Supply Chain Optimization

End Users Covered:
• Hospitals & Clinics
• Laboratories
• Medical Device Companies
• Pharmaceutical & Biotechnology Companies
• Research Centers
• Other End Users (Third-party Administrators TPAS)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
•   Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
•   Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
•   Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary               
                
2 Preface     
          
 2.1 Abstract              
 2.2 Stake Holders              
 2.3 Research Scope              
 2.4 Research Methodology              
  2.4.1 Data Mining             
  2.4.2 Data Analysis             
  2.4.3 Data Validation             
  2.4.4 Research Approach             
 2.5 Research Sources              
  2.5.1 Primary Research Sources             
  2.5.2 Secondary Research Sources             
  2.5.3 Assumptions             
                
3 Market Trend Analysis               
 3.1 Introduction               
 3.2 Drivers              
 3.3 Restraints              
 3.4 Opportunities              
 3.5 Threats              
 3.6 Application Analysis              
 3.7 End User Analysis              
 3.8 Emerging Markets              
 3.9 Impact of Covid-19 
            
4 Porters Five Force Analysis              
 4.1 Bargaining Power of Suppliers              
 4.2 Bargaining Power of Buyers              
 4.3 Threat of Substitutes              
 4.4 Threat of New Entrants              
 4.5 Competitive Rivalry              
                
5 Global Life Science Analytics Market, By Type               
 5.1 Introduction              
 5.2 Predictive Analytics              
 5.3 Descriptive Analytics              
 5.4 Diagnostic Analytics              
 5.5 Discovery Analytics              
 5.6 Prescriptive Analytics              
 5.7 Reporting              
                
6 Global Life Science Analytics Market, By Component               
 6.1 Introduction              
 6.2 Software              
  6.2.1 On-Premise Model             
  6.2.2 On-Demand Model              
 6.3 Service              
  6.3.1 Professional             
  6.3.2 Managed             
 6.4 Hardware              
                
7 Global Life Science Analytics Market, By Application               
 7.1 Introduction              
 7.2 Sales & Marketing              
 7.3 Regulatory Compliance              
 7.4 Research & Development (R&D)              
  7.4.1 Clinical Trials             
  7.4.2 Preclinical Trials             
 7.5 Pharmacovigilance (PV)              
 7.6 Supply Chain Optimization              
                
8 Global Life Science Analytics Market, By End User               
 8.1 Introduction              
 8.2 Hospitals & Clinics              
 8.3 Laboratories              
 8.4 Medical Device Companies              
 8.5 Pharmaceutical & Biotechnology Companies              
 8.6 Research Centers              
 8.7 Other End Users (Third-party Administrators TPAS)              
                

9 Global Life Science Analytics Market, By Geography               
 9.1 Introduction              
 9.2 North America              
  9.2.1 US             
  9.2.2 Canada             
  9.2.3 Mexico             
 9.3 Europe              
  9.3.1 Germany             
  9.3.2 UK             
  9.3.3 Italy             
  9.3.4 France             
  9.3.5 Spain             
  9.3.6 Rest of Europe             
 9.4 Asia Pacific              
  9.4.1 Japan             
  9.4.2 China             
  9.4.3 India             
  9.4.4 Australia             
  9.4.5 New Zealand             
  9.4.6 South Korea             
  9.4.7 Rest of Asia Pacific             
 9.5 South America              
  9.5.1 Argentina             
  9.5.2 Brazil             
  9.5.3 Chile             
  9.5.4 Rest of South America             
 9.6 Middle East & Africa              
  9.6.1 Saudi Arabia             
  9.6.2 UAE             
  9.6.3 Qatar             
  9.6.4 South Africa             
  9.6.5 Rest of Middle East & Africa             
                
10 Key Developments               
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures              
 10.2 Acquisitions & Mergers              
 10.3 New Product Launch              
 10.4 Expansions              
 10.5 Other Key Strategies              
                
11 Company Profiling               
 11.1 Accenture               
 11.2 Allscripts Healthcare Solutions              
 11.3 Cerner Corporation              
 11.4 Cognizant              
 11.5 Cotiviti              
 11.6 IBM Corporation              
 11.7 Infosys Limited              
 11.8 MaxisIT              
 11.9 Microsoft              
 11.10 Optum              
 11.11 Oracle Corporation              
 11.12 SAS Institute Inc              
 11.13 SCIO Health Analytics              
 11.14 Wipro              


List of Tables                
1 Global Life Science Analytics Market Outlook, By Region (2018-2027) (US $MN)                
2 Global Life Science Analytics Market Outlook, By Type (2018-2027) (US $MN)                
3 Global Life Science Analytics Market Outlook, By Predictive Analytics (2018-2027) (US $MN)                
4 Global Life Science Analytics Market Outlook, By Descriptive Analytics (2018-2027) (US $MN)                
5 Global Life Science Analytics Market Outlook, By Diagnostic Analytics (2018-2027) (US $MN)                
6 Global Life Science Analytics Market Outlook, By Discovery Analytics (2018-2027) (US $MN)                
7 Global Life Science Analytics Market Outlook, By Prescriptive Analytics (2018-2027) (US $MN)                
8 Global Life Science Analytics Market Outlook, By Reporting (2018-2027) (US $MN)                
9 Global Life Science Analytics Market Outlook, By Component (2018-2027) (US $MN)                
10 Global Life Science Analytics Market Outlook, By Software (2018-2027) (US $MN)                
11 Global Life Science Analytics Market Outlook, By On-Premise Model (2018-2027) (US $MN)                
12 Global Life Science Analytics Market Outlook, By On-Demand Model  (2018-2027) (US $MN)                
13 Global Life Science Analytics Market Outlook, By Service (2018-2027) (US $MN)                
14 Global Life Science Analytics Market Outlook, By Professional (2018-2027) (US $MN)                
15 Global Life Science Analytics Market Outlook, By Managed (2018-2027) (US $MN)                
16 Global Life Science Analytics Market Outlook, By Hardware (2018-2027) (US $MN)                
17 Global Life Science Analytics Market Outlook, By Application (2018-2027) (US $MN)                
18 Global Life Science Analytics Market Outlook, By Sales & Marketing (2018-2027) (US $MN)                
19 Global Life Science Analytics Market Outlook, By Regulatory Compliance (2018-2027) (US $MN)                
20 Global Life Science Analytics Market Outlook, By Research & Development (R&D) (2018-2027) (US $MN)                
21 Global Life Science Analytics Market Outlook, By Clinical Trials (2018-2027) (US $MN)                
22 Global Life Science Analytics Market Outlook, By Preclinical Trials (2018-2027) (US $MN)                
23 Global Life Science Analytics Market Outlook, By Pharmacovigilance (PV) (2018-2027) (US $MN)                
24 Global Life Science Analytics Market Outlook, By Supply Chain Optimization (2018-2027) (US $MN)                
25 Global Life Science Analytics Market Outlook, By End User (2018-2027) (US $MN)                
26 Global Life Science Analytics Market Outlook, By Hospitals & Clinics (2018-2027) (US $MN)                
27 Global Life Science Analytics Market Outlook, By Laboratories (2018-2027) (US $MN)                
28 Global Life Science Analytics Market Outlook, By Medical Device Companies (2018-2027) (US $MN)                
29 Global Life Science Analytics Market Outlook, By Pharmaceutical & Biotechnology Companies (2018-2027) (US $MN)                
30 Global Life Science Analytics Market Outlook, By Research Centers (2018-2027) (US $MN)                
31 Global Life Science Analytics Market Outlook, By Other End Users (Third-party Administrators TPAS) (2018-2027) (US $MN)                
                
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above

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