- February 7, 2021
- Category: Biotechnology, Healthcare and LifeSciences
Global Life Science Analytics Market Size study, Life Science Analytics Market 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
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 184.108.40.206. Increasing application of data analytics and data mining 220.127.116.11. Growth in population with chronic diseases 3.1.2. Market Challenges 18.104.22.168. Data privacy and security issues 3.1.3. Market Opportunities 22.214.171.124. 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 126.96.36.199. Key Information 188.8.131.52. Overview 184.108.40.206. Financial (Subject to Data Availability) 220.127.116.11. Product Summary 18.104.22.168. 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
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:
SAS Institute Inc.
Take Solutions Limited
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:
Research and Development (R&D)
Sales and Marketing Support
Supply Chain Analytics
By End User:
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
Value-Added Resellers (VARs)
Third-party knowledge providers