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 Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $24.4 Billion |
| Forecasted Market Value (USD) by 2030 | $66.7 Billion |
| Compound Annual Growth Rate | 13.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic & Looming Global Recession
- An Introduction to Life Science Analytics
- Global Market Prospects & Outlook
- Descriptive Analytics: The Largest Segment
- Sales & Marketing Application Poised for High Growth
- China & Asia-Pacific to Spearhead Future Market Growth
- Life Science Analytics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Technology Advancements Fuel Market Growth
- Rising Relevance of Big Data Analytics to Improve Productivity in Life Science Industry
- Analytics Solutions Find Increasing Adoption in Clinical Trials
- Rise in Pharmaceutical R&D Spending to Boost Adoption of Analytics in Clinical Research Institutions
- Pharmaceutical R&D Spending (in US$ 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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