Life
Science Analytics Market Report 2018 added by Data Bridge Market Research
explores Global Life Science Analytics Market size, share and growth with
forecast to 2025.
Global Life
Science Analytics Market, By Type (Descriptive, Predictive, Prescriptive), By Component
(Software, Services), By Application (Research & Development, Others), By
Delivery Model (On-premise, On-demand), By End User (Pharmaceutical &
Biotechnology Companies, Others), By Geography (North America, South America,
Europe, Asia-Pacific, Middle East and Africa) and Forecast to 2025.
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Global Life
Science Analytics Market is expected to reach USD 39.80 billion by 2025, from
USD 14.97 billion in 2017, growing at a CAGR of 14.3% during the forecast
period of 2018 to 2025. The upcoming market report contains data for historic
years 2016, the base year of calculation is 2017 and the forecast period is
2018 to 2025.
Top Key Competitors/Players:
·
SAS Institute Inc.
·
IBM Corporation
·
Oracle Corporation
·
IQVIA
·
Accenture
·
Cognizant
·
Maxisit
·
Scio Health Analytics
·
Take Solutions
·
Wipro Limited
·
Saama Technologies, Inc.
·
Genpact
·
Acumen Analytics
·
SG Analytics
·
The Smart Cubes
·
Life Science Analytics, Inc.
·
PointCross Life Sciences
·
Incedo Inc.
·
Tradata
·
Zephyr Health
·
QlikTech International AB
·
ValueLabs
·
Fractal Analytics Inc.
·
Among others.
Market Definition:
The analytic
tools offer accuracy, precision and errorless execution in life science sector.
In recent year life science analytics has become a very helpful tool in various
fields such as pharmaceutical, biotechnological, and medical device
enterprises. The life sciences involved the detail study of organisms including
plants, animals and human beings and characterized by numerous aspects of
molecular biology and biotechnology. The growing demand of analytics tools has
enhanced the development of the products. Therefore, Major market participants
are continuously engaging in R&D to achieve product development and
increase application scope in analytic tools market.. For instance, in
September 2017, Saama Technologies, Inc., (U.S.) a leading big data and
advanced analytics Solutions Company launched Life Science Analytics Cloud. The
product is designed to improve clinical development processes and deliver
outcomes by reorganizing the steps of the entire clinical data journey. The growing
prevalence of chronic diseases is driving the market. According to Centers for
Disease Control and Prevention (CDC), by 2012 about half of all adults, 117
million people had one or more chronic health conditions. Diabetes, arthritis,
obesity and others are the most common prevalent chronic diseases.
Major
Market Drivers and Restraints:
·
Increasing prevalence of
chronic disease
·
Technological advancements
·
Increased demand for errorless
data
·
Lack of skilled professionals
·
High cost budget
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Report
Segmentation:
The global life science analytics market is
segmented on the basis of type, component, application, delivery model and end
user.
The
market is segmented on the basis of type into:
·
Descriptive Analytics
·
Predictive Analytics
·
Prescriptive Analytics
The
market is segmented on the basis of component into:
·
Software
·
Services
The
market is segmented on the basis of application into:
·
Research and Development
·
Sales and Marketing Support
·
Regulatory Compliance
·
Supply Chain Analytics
·
Pharmacovigilance
Research and development is further segmented into:
·
Preclinical Trials
·
Clinical Trials
The
market is segmented on the basis of delivery model into:
·
On-Premise
·
On-Demand
The
market is segmented on the basis of end users into:
·
Pharmaceutical and
Biotechnology Companies
·
Medical Device Companies
·
Research Centers
·
Third-Party Administrators
Based
on geography the analytics market report covers data points for 28 countries
across multiple geographies namely:
·
North America
·
South America
·
Europe
·
Asia-Pacific
·
Middle East & Africa
Some of the major countries covered in this
report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland,
Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi
Arabia, South Africa and, Brazil among others.
This
report consists of below pages:
• No of pages: 350
• No of Figures: 60
• No of Tables: 220
Competitive
Analysis:
The global life science analytics market is
highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of life science analytics for global, Europe,
North America, Asia Pacific and South America.
Read more about the Global Life Science
Analytics Market Report Visit @ http://databridgemarketresearch.com/reports/global-life-science-analytics-market/
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