Market Overview:
The global life science analytics market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for descriptive, predictive, and prescriptive analytics in the life science sector. The application segments of this market are biotech companies, medical equipment enterprises, research centers, and third-party providers. North America is expected to lead the global life science analytics market during the forecast period due to technological advancements and rising demand for analytical solutions in this region.
Product Definition:
Life Science Analytics is the application of data mining and modeling techniques to life science data in order to improve understanding of biological systems, support decision making, and enable innovation.
Descriptive Analysis:
Descriptive analysis is a tool that provides information about the current situation of an entity. It can be used for any type of data, but it has its major application in life science industries due to the need for clinical trial registration and drug discovery data. Descriptive analytics is also known as qualitative analysis or just plain old descriptive (DOPC) analysis.
It's main goal is to provide a comprehensive view of some aspect or another of reality, e.g.
Predictive Analysis:
Predictive analysis is a tool that helps in identifying future trends by using past data. It also helps to forecast the future based on the current trends and information available with us. In other words, it is used to determine whether a certain drug will be effective or not for a certain disease by using historical data of similar situations.
Application Insights:
The research center segment dominated the global life science analytics market in 2017. This can be attributed to factors such as increasing government funding for R&D and rising number of academic institutions involved in life sciences research. Increasingly complex technological requirements for drug discovery & development are also driving the adoption of life science analytics tools at this level.
Medical equipment enterprise is expected to grow at a lucrative rate over the forecast period owing to factors such as an increase in FDA approvals, growing investments by governments and private players, rise in spending on healthcare products & services by individuals across the globe. The third party application segment is anticipated to witness significant growth over the forecast period owing to an increase in demand from other industries such as food & beverage and chemical that require data regarding product performance or ingredient composition analysis respectively.
Regional Analysis:
North America dominated the global life science analytics market in 2017. The presence of major players, increased funding for R&D activities, and high adoption rate of advanced technologies are some factors driving the growth of this industry in North America. Moreover, increasing demand for genomic testing services is also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising investments by governments and private companies in emerging economies such as China and India.
The European life science analytics market was valued at USD X million in 2017 owing to significant developments witnessed by countries including Germany within this region along with other countries such as France Italy U.K., Spain etc.
Growth Factors:
- Increasing demand for personalized medicines and companion diagnostics
- Rising prevalence of chronic diseases and growing geriatric population
- Growing number of public-private partnerships for life science analytics research
- Proliferation of big data in life sciences sector
- Emergence of new analytical tools and technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Life Science Analytics Market Research Report
By Type
Descriptive Analysis, Predictive Analysis, Prescriptive Analysis
By Application
Biotech Companies, Medical Equipment Enterprise, Research Center, The Third Party
By Companies
Sas Institute, IBM, Oracle, Quintiles, Accenture, Cognizant, Maxisit, Scio Health Analytics, Take Solutions, Wipro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Life Science Analytics Market Report Segments:
The global Life Science Analytics market is segmented on the basis of:
Types
Descriptive Analysis, Predictive Analysis, Prescriptive Analysis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biotech Companies, Medical Equipment Enterprise, Research Center, The Third Party
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sas Institute
- IBM
- Oracle
- Quintiles
- Accenture
- Cognizant
- Maxisit
- Scio Health Analytics
- Take Solutions
- Wipro
Highlights of The Life Science Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Descriptive Analysis
- Predictive Analysis
- Prescriptive Analysis
- By Application:
- Biotech Companies
- Medical Equipment Enterprise
- Research Center
- The Third Party
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Life Science Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Life Science Analytics is a data-driven approach to understanding how people and things interact in the world. It helps organizations make informed decisions about their business, products, and services.
Some of the key players operating in the life science analytics market are Sas Institute, IBM, Oracle, Quintiles, Accenture, Cognizant, Maxisit, Scio Health Analytics, Take Solutions, Wipro.
The life science analytics market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Life Science Analytics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Life Science Analytics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Life Science Analytics Market - Supply Chain
4.5. Global Life Science Analytics Market Forecast
4.5.1. Life Science Analytics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Life Science Analytics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Life Science Analytics Market Absolute $ Opportunity
5. Global Life Science Analytics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Life Science Analytics Market Size and Volume Forecast by Type
5.3.1. Descriptive Analysis
5.3.2. Predictive Analysis
5.3.3. Prescriptive Analysis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Life Science Analytics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Life Science Analytics Market Size and Volume Forecast by Application
6.3.1. Biotech Companies
6.3.2. Medical Equipment Enterprise
6.3.3. Research Center
6.3.4. The Third Party
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Life Science Analytics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Life Science Analytics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Life Science Analytics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Life Science Analytics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Life Science Analytics Demand Share Forecast, 2019-2029
9. North America Life Science Analytics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Life Science Analytics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Life Science Analytics Market Size and Volume Forecast by Application
9.4.1. Biotech Companies
9.4.2. Medical Equipment Enterprise
9.4.3. Research Center
9.4.4. The Third Party
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Life Science Analytics Market Size and Volume Forecast by Type
9.7.1. Descriptive Analysis
9.7.2. Predictive Analysis
9.7.3. Prescriptive Analysis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Life Science Analytics Demand Share Forecast, 2019-2029
10. Latin America Life Science Analytics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Life Science Analytics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Life Science Analytics Market Size and Volume Forecast by Application
10.4.1. Biotech Companies
10.4.2. Medical Equipment Enterprise
10.4.3. Research Center
10.4.4. The Third Party
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Life Science Analytics Market Size and Volume Forecast by Type
10.7.1. Descriptive Analysis
10.7.2. Predictive Analysis
10.7.3. Prescriptive Analysis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Life Science Analytics Demand Share Forecast, 2019-2029
11. Europe Life Science Analytics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Life Science Analytics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Life Science Analytics Market Size and Volume Forecast by Application
11.4.1. Biotech Companies
11.4.2. Medical Equipment Enterprise
11.4.3. Research Center
11.4.4. The Third Party
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Life Science Analytics Market Size and Volume Forecast by Type
11.7.1. Descriptive Analysis
11.7.2. Predictive Analysis
11.7.3. Prescriptive Analysis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Life Science Analytics Demand Share, 2019-2029
12. Asia Pacific Life Science Analytics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Life Science Analytics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Life Science Analytics Market Size and Volume Forecast by Application
12.4.1. Biotech Companies
12.4.2. Medical Equipment Enterprise
12.4.3. Research Center
12.4.4. The Third Party
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Life Science Analytics Market Size and Volume Forecast by Type
12.7.1. Descriptive Analysis
12.7.2. Predictive Analysis
12.7.3. Prescriptive Analysis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Life Science Analytics Demand Share, 2019-2029
13. Middle East & Africa Life Science Analytics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Life Science Analytics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Life Science Analytics Market Size and Volume Forecast by Application
13.4.1. Biotech Companies
13.4.2. Medical Equipment Enterprise
13.4.3. Research Center
13.4.4. The Third Party
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Life Science Analytics Market Size and Volume Forecast by Type
13.7.1. Descriptive Analysis
13.7.2. Predictive Analysis
13.7.3. Prescriptive Analysis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Life Science Analytics Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Life Science Analytics Market: Market Share Analysis
14.2. Life Science Analytics Distributors and Customers
14.3. Life Science Analytics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sas Institute
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IBM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oracle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Quintiles
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Accenture
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cognizant
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Maxisit
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Scio Health Analytics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Take Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wipro
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
