Global Life Science Analytics Market Report to 2030: Rising Relevance of Big Data Analytics to Improve Productivity in Life Science Industry


Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The "Life Science Analytics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Life Science Analytics estimated at US$24.4 Billion in the year 2022, is projected to reach a revised size of US$66.7 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record 14.2% CAGR and reach US$40.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 12.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 12.4% CAGR

The Life Science Analytics market in the U.S. is estimated at US$7.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.2% and 11.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.

Select Competitors (Total 44 Featured) -

  • Accenture PLC
  • Cognizant Technology Solutions Corporation
  • IBM Corporation
  • IQVIA
  • MaxisIT Inc.
  • Oracle Corporation
  • SAS Institute, Inc.
  • SCIO Health Analytics, an EXL company
  • TAKE Solutions
  • Wipro Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics

Report AttributeDetails
No. of Pages193
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$24.4 Billion
Forecasted Market Value (USD) by 2030$66.7 Billion
Compound Annual Growth Rate13.4%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic & Looming Global Recession
  • An Introduction to Life Science Analytics
  • Global Market Prospects & Outlook
  • Descriptive Analytics: The Largest Segment
  • Sales & Marketing Application Poised for High Growth
  • China & Asia-Pacific to Spearhead Future Market Growth
  • Life Science Analytics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Technology Advancements Fuel Market Growth
  • Rising Relevance of Big Data Analytics to Improve Productivity in Life Science Industry
  • Analytics Solutions Find Increasing Adoption in Clinical Trials
  • Rise in Pharmaceutical R&D Spending to Boost Adoption of Analytics in Clinical Research Institutions
  • Pharmaceutical R&D Spending (in US$ Billion) for 2010-2020
  • Leading Pharmaceutical Companies Ranked by R&D Spending
  • AI, ML & Big Data Transform Clinical Trials Market
  • Increasing Prevalence of Chronic Diseases Boosts Market Prospects
  • Need to Curb Surging Healthcare Spending & Improve Patient Outcomes Enhance Importance of Analytics
  • Growing Use of Analytics in Personalized and Precision Medicine: A Major Growth Opportunity
  • Global Precision Medicine Market Size (US$ Billion) for the Years 2019, 2022 and 2025
  • Need for Better Data Standardization Spurs Need for Analytics Solutions in Life Science Industry
  • Rising Prominence of Value-Based Medicine Presents Opportunity for Market Growth
  • High Implementation Costs, Privacy Concerns & Workforce Shortage: Key Challenges for the Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/hcyvqd-science?w=12

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Global Market for Life Science Analytics

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