Life Science Analytics Market

Life Science Analytics Market by Type (Predictive, Descriptive, Prescriptive), Application (Marketing, Compliance, R&D, Pharmacovigilance, SCM), Component (Software, Service), Delivery (On Premise, Cloud), End User - Global Forecast to 2024

Report Code: HIT 4869 Jul, 2019, by marketsandmarkets.com

[166 Pages Report] The life science analytics market is projected to reach USD 33.2 billion by 2024 from USD 19.3 billion in 2019, at a CAGR of 11.5% during the forecast period. Growth in this market is mainly driven by technological advancements, big data in the life science industry, growing adoption of analytics solutions in clinical trials, increasing adoption of analytics for sales and marketing applications, the need for improved data standardization, increasing prevalence of chronic diseases, growing pressure to curb healthcare spending, and the need for improved patient outcomes. On the other hand, high implementation costs are expected to restrain the growth of this market to a certain extent

Life Science Analytics Market

The descriptive analytics segment accounted for the largest share of the life science analytics market, by type, in 2018

On the basis of type, the market is segmented into descriptive, predictive, and prescriptive analytics. The descriptive analytics segment accounted for the largest market share in 2018. This can be attributed to the significant usage of descriptive analytics by life science stakeholders to gain a better understanding of the past trends and events occurring in real-time.

The sales & marketing segment is expected to grow at the highest CAGR during the forecast period.

On the basis of application, the market is segmented into research & development (clinical trials and preclinical trials), sales & marketing, regulatory compliance, supply chain optimization, and pharmacovigilance. The sales & marketing segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing adoption of analytics by life science companies to align their sales & marketing campaigns. The growing importance of post-marketing surveillance is also boosting the utilization of analytics for sales & marketing.

The pharmaceutical & biotechnology companies segment accounted for the largest share of the life science analytics market in 2018.

On the basis of end user, the life science analytics market is segmented into pharmaceutical & biotechnology companies, medical device companies, research centers, and third-party administrators (TPAs). The pharmaceutical & biotechnology companies segment commanded the largest share of the market in 2018. This can be attributed to the high utilization of analytics solutions by pharmaceutical & biotechnology companies.

Life Science Analytics Market

North America accounted for the largest share of the life science analytics market in 2018.

On the basis of region, the life science analytics market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of the market, followed by Europe. However, Asia is expected to grow at the highest CAGR during the forecast period owing to the increasing prevalence of chronic diseases, growth of the life science industry, rising adoption of advanced technologies, and the growing focus of major players on increasing their presence in emerging Asian countries.

Key Players in the Life Science Analytics Market

The life science analytics market is a highly diversified and competitive market, with a large number of players, including mid-tier companies and startup firms, competing for market shares. SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Quintiles, Inc. (US), Accenture (Ireland), Cognizant (US), Wipro Limited (India), MaxisIT, Inc. (US), TAKE Solutions (India), and SCIO Health Analytics (US) are some of the key players in this market.

IBM Corporation (US): IBM Corporation is one of the leading players in the life science analytics market. The company’s strong position in the market can be attributed to its brand recognition and extensive product offerings. The company focuses on inorganic as well as organic growth strategies such as acquisitions, collaborations, expansions, and product launches in order to expand its existing product portfolio and strengthen its market position. For instance, in June 2017, IBM and Cornell University announced a new collaboration using next-generation sequencing combined with big data analytics. In February 2017, the company launched the Watson Platform for Health Cloud and a specialized Watson Health Consulting Services unit. Such developments are expected to help the company to maintain its strong presence in the market in the coming years.

Scope of the report

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Units

Value (USD)

Segments Covered

Type, Component, Delivery Model, Application, End User, and Region

Geographies Covered

North America (US and Canada), Asia (Japan, China, India, and RoA), Europe (Germany, UK, France, and RoE), and the Rest of the World

Companies Covered

IBM Corporation (US), SAS Institute, Inc. (US), Oracle Corporation (US), Quintiles, Inc. (US), Accenture (Ireland), Cognizant (US), Wipro Limited (India), MaxisIT, Inc. (US), TAKE Solutions (India), and SCIO Health Analytics (US)

The research report categorizes the life science analytics market into the following segments and subsegments:

Life Science Analytics Market, by Type

  • Descriptive Analytics
  • Predictive Analytics 
  • Prescriptive Analytics

Life Science Analytics Market, by Component

  • Services
  • Software

Life Science Analytics Market, by Delivery Model

  • On-premise model
  • On-demand model

Life Science Analytics Market, by Application

  • Research & Development
  • Preclinical Trials
  •  Clinical Trials
  • Sales & Marketing
  • Regulatory Compliance 
  • Supply Chain Optimization
  • Pharmacovigilance

Life Science Analytics Market, by End User

  • Pharmaceutical & Biotechnology Companies 
  • Medical Device Companies
  • Research Centers
  • Third-party Administrators

Life science market, by Region

  • North America
    • l US
    • l Canada
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe (RoE)
  • Asia
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Recent Developments

  • In May 2019, SAS Institute (US) opened its SAS Cloud offering in an Amazon Web Services’ Data Center in Singapore.
  • In July 2017, Accenture (Ireland) acquired LabAnswer (US). This acquisition strengthened Accenture’s product portfolio in digital technologies.
  • In March 2017, Cognizant (US) acquired Brilliant Service Co. Ltd. (Japan) to expand its capabilities in digital strategy, product design and engineering, the Internet of Things (IoT), and enterprise mobility

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid to long term?
  • What types of annual and multi-year partnerships are life science analytics companies exploring?
  • Who are the key players in the market and how intense is the competition?
  • Which are the recent contracts and agreements key players have signed?
  • What are the recent trends affecting life science analytics software vendors?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Sources
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Sources
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Life Science Analytics: Market Overview
    4.2 Life Science Analytics: Market, By Type
    4.3 Life Science Analytics: Market, By End User
    4.4 Geographic Snapshot: Life Science Analytics Market

5 Market Overview (Page No. - 36)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Technological Advancements
                    5.1.1.2 Big Data in the Life Science Industry
                    5.1.1.3 Growing Adoption of Analytics Solutions in Clinical Trials
                    5.1.1.4 Increasing Adoption of Analytics for Sales and Marketing Applications
                    5.1.1.5 Need for Improved Data Standardization
                    5.1.1.6 Increasing Prevalence of Chronic Diseases
                    5.1.1.7 Growing Pressure to Curb Healthcare Spending and the Need for Improved Patient Outcomes
           5.1.2 Restraints
                    5.1.2.1 High Implementation Costs
           5.1.3 Opportunities
                    5.1.3.1 Increasing Focus on Value-Based Medicine
                    5.1.3.2 Use of Analytics in Precision and Personalized Medicine
                    5.1.3.3 Use of Big Data Analytics to Increase R&D Productivity
                    5.1.3.4 Emergence of Social Media and Its Impact on the Life Science Industry
           5.1.4 Challenges
                    5.1.4.1 Data Privacy Issues
                    5.1.4.2 Data Integration in the Life Science Ecosystem
                    5.1.4.3 Dearth of Skilled Personnel

6 Life Science Analytics Market, By Type (Page No. - 44)
    6.1 Introduction
    6.2 Descriptive Analytics
           6.2.1 Descriptive Analytics Segment to Dominate the Life Science Analytics Market
    6.3 Predictive Analytics
           6.3.1 Predictive Analytics Solutions Can Help Increase the Accuracy of Data
    6.4 Prescriptive Analytics
           6.4.1 Prescriptive Analytics Segment to Witness High Growth During the Forecast Period

7 Life Science Analytics Market, By Application (Page No. - 51)
    7.1 Introduction
    7.2 Research & Development
           7.2.1 Clinical Trials
                    7.2.1.1 Need to Streamline Clinical Trials and Reduce the Time and Cost of Drug Development to Drive the Demand for Analytics Solutions
           7.2.2 Preclinical Trials
                    7.2.2.1 Analytics Solutions for Preclinical Trials Help in the Entire Discovery and Research Value Chain
    7.3 Sales & Marketing
           7.3.1 Sales & Marketing Analytics are Essential to Increase Revenue and Profitability
    7.4 Pharmacovigilance
           7.4.1 Players Operating in This Segment are Increasingly Focusing on New Product Launches
    7.5 Regulatory Compliance
           7.5.1 Stringent Requirements have Supported the Need for Compliance Adherence Solutions
    7.6 Supply Chain Optimization
           7.6.1 Growing Need to Reduce Logistics Costs to Drive the Adoption of Analytics Solutions

8 Life Science Analytics Market, By Component (Page No. - 67)
    8.1 Introduction
    8.2 Services
           8.2.1 Services Form A Larger Component of the Life Science Analytics Market
    8.3 Software
           8.3.1 Life Science Analytics Software Solutions Enable Pharma-Biotech Companies and Medical Device Companies to Manage Clinical Trials Data and Provide Sales and Marketing Support

9 Life Science Analytics Market, By Delivery Model (Page No. - 73)
    9.1 Introduction
    9.2 On-Premise Delivery Model
           9.2.1 On-Premise Solutions Offer Multivendor Architecture, Which Lowers the Risk of Data Breaches & External Attacks
    9.3 On-Demand Delivery Model
           9.3.1 Increasing Volume of Data Generated Across the Life Science Industry Will Drive the Adoption of On-Demand Solutions

10 Life Science Analytics Market, By End User (Page No. - 79)
     10.1 Introduction
     10.2 Pharmaceutical and Biotechnology Companies
             10.2.1 Pharmaceutical and Biotechnology Companies Segment to Register the Highest Growth During the Forecast Period
     10.3 Medical Device Companies
             10.3.1 Adoption of Big Data Analytics is Helping Medical Device Manufacturers to Secure A Competitive Advantage in the Industry
     10.4 Research Centers
             10.4.1 Increasing Research Activities to Drive the Adoption of Analytics Solutions in This End-User Segment
     10.5 Third-Party Administrators
             10.5.1 Rising R&D Outsourcing By Life Science Companies to Drive the Growth of This End-User Segment

11 Life Science Analytics Market, By Region (Page No. - 88)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Strong Economy and Increasing R&D Expenditure are Expected to Drive the Growth of the Life Science Analytics Market in the US
             11.2.2 Canada
                        11.2.2.1 Rising Need for Data Standardization in the Life Science Industry to Support Market Growth in Canada
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 Growing R&D Investments By Pharmaceutical and Biotechnology Companies to Drive Market Growth in Germany
             11.3.2 France
                        11.3.2.1 Growing Government Support for the Adoption of AI and Big Data Analytics to Drive Market Growth in France
             11.3.3 UK
                        11.3.3.1 UK to Dominate the European Life Science Analytics Market During the Forecast Period
             11.3.4 Rest of Europe
     11.4 Asia
             11.4.1 Japan
                        11.4.1.1 Growing Government Support for Clinical R&D Activities to Drive the Demand for Analytics Solutions in Japan
             11.4.2 China
                        11.4.2.1 Growth of the Life Science Industry to Drive Market Growth in China
             11.4.3 India
                        11.4.3.1 Rising R&D Budgets and Growing Number of Drug Development-Based Research Activities to Support Market Growth in India
             11.4.4 Rest of Asia
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 128)
     12.1 Overview
     12.2 Market Player Ranking
     12.3 Competitive Leadership Mapping–Overall Market
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Players
     12.4 Competitive Situation and Trends
             12.4.1 Product Launches
             12.4.2 Expansions
             12.4.3 Acquisitions
             12.4.4 Agreements, Partnerships, and Collaboration

13 Company Profiles (Page No. - 135)
     13.1 SAS Institute Inc.
     13.2 IBM Corporation
     13.3 Oracle Corporation
     13.4 Iqvia
     13.5 Accenture
     13.6 Cognizant
     13.7 Maxisit
     13.8 Scio Health Analytics
     13.9 Take Solutions
     13.10 Wipro Limited

14 Appendix (Page No. - 160)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (150 Tables)

Table 1 Life Science Analytics Market, By Type, 2017–2024 (USD Million)
Table 2 Descriptive Analytics Market, By Region, 2017–2024 (USD Million)
Table 3 North America: Descriptive Analytics Market, By Country, 2017–2024 (USD Million)
Table 4 Europe: Descriptive Analytics Market, By Country, 2017–2024 (USD Million)
Table 5 Predictive Analytics Market, By Region, 2017–2024 (USD Million)
Table 6 North America: Predictive Analytics Market, By Country, 2017–2024 (USD Million)
Table 7 Europe: Predictive Analytics Market, By Country, 2017–2024 (USD Million)
Table 8 Prescriptive Analytics Market, By Region, 2017–2024 (USD Million)
Table 9 North America: Prescriptive Analytics Market, By Country, 2017–2024 (USD Million)
Table 10 Europe: Prescriptive Analytics Market, By Country, 2017–2024 (USD Million)
Table 11 Market, By Application, 2017–2024 (USD Million)
Table 12 Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 13 Market for Research & Development, By Region, 2017–2024 (USD Million)
Table 14 North America: Market for Research & Development, By Country, 2017–2024 (USD Million)
Table 15 Europe: Market for Research & Development, By Country, 2017–2024 (USD Million)
Table 16 Clinical Trial Analytics Market, By Region, 2017–2024 (USD Million)
Table 17 North America: Clinical Trial Analytics Market, By Country, 2017–2024 (USD Million)
Table 18 Europe: Clinical Trial Analytics Market, By Country, 2017–2024 (USD Million)
Table 19 Preclinical Trial Analytics Market, By Region, 2017–2024 (USD Million)
Table 20 North America: Preclinical Trial Analytics Market, By Country, 2017–2024 (USD Million)
Table 21 Europe: Preclinical Trial Analytics Market, By Country, 2017–2024 (USD Million)
Table 22 Life Science Analytics: Market for Sales & Marketing, By Region, 2017–2024 (USD Million)
Table 23 North America: Life Science Analytics: Market for Sales & Marketing, By Country, 2017–2024 (USD Million)
Table 24 Europe: Life Science Analytics: Market for Sales & Marketing, By Country, 2017–2024 (USD Million)
Table 25 Life Science Analytics: Market for Pharmacovigilance, By Region, 2017–2024 (USD Million)
Table 26 North America: Life Science Analytics: Market for Pharmacovigilance, By Country, 2017–2024 (USD Million)
Table 27 Europe: Life Science Analytics: Market for Pharmacovigilance, By Country, 2017–2024 (USD Million)
Table 28 Life Science Analytics: Market for Regulatory Compliance, By Region, 2017–2024 (USD Million)
Table 29 North America: Life Science Analytics: Market for Regulatory Compliance, By Country, 2017–2024 (USD Million)
Table 30 Europe: Market for Regulatory Compliance, By Country, 2017–2024 (USD Million)
Table 31 Market for Supply Chain Optimization, By Region, 2017–2024 (USD Million)
Table 32 North America: Market for Supply Chain Optimization, By Country, 2017–2024 (USD Million)
Table 33 Europe: Market for Supply Chain Optimization, By Country, 2017–2024 (USD Million)
Table 34 Market, By Component, 2017–2024 (USD Million)
Table 35 Life Science Analytics Services Market, By Region, 2017–2024 (USD Million)
Table 36 North America: Life Science Analytics Services Market, By Country, 2017–2024 (USD Million)
Table 37 Europe: Life Science Analytics Services Market, By Country, 2017–2024 (USD Million)
Table 38 Life Science Analytics Software Market, By Region, 2017–2024 (USD Million)
Table 39 North America: Life Science Analytics Software Market, By Country, 2017–2024 (USD Million)
Table 40 Europe: Life Science Analytics Software Market, By Country, 2017–2024 (USD Million)
Table 41 Market, By Delivery Model, 2017–2024 (USD Million)
Table 42 On-Premise Life Science Analytics Solutions Market, By Region, 2017–2024 (USD Million)
Table 43 North America: On-Premise Life Science Analytics Solutions Market, By Country, 2017–2024 (USD Million)
Table 44 Europe: On-Premise Life Science Analytics Solutions Market, By Country, 2017–2024 (USD Million)
Table 45 On-Demand Solutions Offered in the Market
Table 46 On-Demand Life Science Analytics Solutions Market, By Region, 2017–2024 (USD Million)
Table 47 North America: On-Demand Life Science Analytics Solutions Market, By Country, 2017–2024 (USD Million)
Table 48 Europe: On-Demand Life Science Analytics Solutions Market, By Country, 2017–2024 (USD Million)
Table 49 Market, By End User, 2017–2024 (USD Million)
Table 50 Market for Pharmaceutical and Biotechnology Companies, By Region, 2017–2024 (USD Million)
Table 51 North America: Market for Pharmaceutical and Biotechnology Companies, By Country, 2017–2024 (USD Million)
Table 52 Europe: Market for Pharmaceutical and Biotechnology Companies, By Country, 2017–2024 (USD Million)
Table 53 Market for Medical Device Companies, By Region, 2017–2024 (USD Million)
Table 54 North America: Market for Medical Device Companies, By Country, 2017–2024 (USD Million)
Table 55 Europe: Market for Medical Device Companies, By Country, 2017–2024 (USD Million)
Table 56 Market for Research Centers, By Region, 2017–2024 (USD Million)
Table 57 North America: Market for Research Centers, By Country, 2017–2024 (USD Million)
Table 58 Europe: ics Market for Research Centers, By Country, 2017–2024 (USD Million)
Table 59 Market for Third-Party Administrators, By Region, 2017–2024 (USD Million)
Table 60 North America: Market for Third-Party Administrators, By Country, 2017–2024 (USD Million)
Table 61 Europe: Market for Third-Party Administrators, By Country, 2017–2024 (USD Million)
Table 62 Market, By Region, 2017–2024 (USD Million)
Table 63 North America: Market, By Country, 2017–2024 (USD Million)
Table 64 North America: Market, By Type, 2017–2024 (USD Million)
Table 65 North America: Market, By Application, 2017–2024 (USD Million)
Table 66 North America: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 67 North America: Market, By Component, 2017–2024 (USD Million)
Table 68 North America: Market, By Delivery Model, 2017–2024 (USD Million)
Table 69 North America: Market, By End User, 2017–2024 (USD Million)
Table 70 US: Market, By Type, 2017–2024 (USD Million)
Table 71 US: Market, By Application, 2017–2024 (USD Million)
Table 72 US: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 73 US: Market, By Component, 2017–2024 (USD Million)
Table 74 US: Market, By Delivery Model, 2017–2024 (USD Million)
Table 75 US: Market, By End User, 2017–2024 (USD Million)
Table 76 Canada: Market, By Type, 2017–2024 (USD Million)
Table 77 Canada: Market, By Application, 2017–2024 (USD Million)
Table 78 Canada: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 79 Canada: Market, By Component, 2017–2024 (USD Million)
Table 80 Canada: Market, By Delivery Model, 2017–2024 (USD Million)
Table 81 Canada: Market, By End User, 2017–2024 (USD Million)
Table 82 Europe: Market, By Country, 2017–2024 (USD Million)
Table 83 Europe: Market, By Type, 2017–2024 (USD Million)
Table 84 Europe: Market, By Application, 2017–2024 (USD Million)
Table 85 Europe: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 86 Europe: Market, By Component, 2017–2024 (USD Million)
Table 87 Europe: Market, By Delivery Model, 2017–2024 (USD Million)
Table 88 Europe: Market, By End User, 2017–2024 (USD Million)
Table 89 Germany: Market, By Type, 2017–2024 (USD Million)
Table 90 Germany: Market, By Application, 2017–2024 (USD Million)
Table 91 Germany: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 92 Germany: Market, By Component, 2017–2024 (USD Million)
Table 93 Germany: Market, By Delivery Model, 2017–2024 (USD Million)
Table 94 Germany: Market, By End User, 2017–2024 (USD Million)
Table 95 France: Market, By Type, 2017–2024 (USD Million)
Table 96 France: Market, By Application, 2017–2024 (USD Million)
Table 97 France: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 98 France: Market, By Component, 2017–2024 (USD Million)
Table 99 France: Market, By Delivery Model, 2017–2024 (USD Million)
Table 100 France: Market, By End User, 2017–2024 (USD Million)
Table 101 UK: Market, By Type, 2017–2024 (USD Million)
Table 102 UK: Market, By Application, 2017–2024 (USD Million)
Table 103 UK: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 104 UK: Market, By Component, 2017–2024 (USD Million)
Table 105 UK: Market, By Delivery Model, 2017–2024 (USD Million)
Table 106 UK: Market, By End User, 2017–2024 (USD Million)
Table 107 RoE: Market, By Type, 2017–2024 (USD Million)
Table 108 RoE: Market, By Application, 2017–2024 (USD Million)
Table 109 RoE: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 110 RoE: Market, By Component, 2017–2024 (USD Million)
Table 111 RoE: Market, By Delivery Model, 2017–2024 (USD Million)
Table 112 RoE: Market, By End User, 2017–2024 (USD Million)
Table 113 Asia: Market, By Country, 2017–2024 (USD Million)
Table 114 Asia: Market, By Type, 2017–2024 (USD Million)
Table 115 Asia: Market, By Application, 2017–2024 (USD Million)
Table 116 Asia: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 117 Asia: Market, By Component, 2017–2024 (USD Million)
Table 118 Asia: Market, By Delivery Model, 2017–2024 (USD Million)
Table 119 Asia: Market, By End User, 2017–2024 (USD Million)
Table 120 Japan: Market, By Type, 2017–2024 (USD Million)
Table 121 Japan: Market, By Application, 2017–2024 (USD Million)
Table 122 Japan: Market, By Component, 2017–2024 (USD Million)
Table 123 Japan: Market, By Delivery Model, 2017–2024 (USD Million)
Table 124 Japan: Market, By End User, 2017–2024 (USD Million)
Table 125 China: Market, By Type, 2017–2024 (USD Million)
Table 126 China: Market, By Application, 2017–2024 (USD Million)
Table 127 China: Market, By Component, 2017–2024 (USD Million)
Table 128 China: Market, By Delivery Model, 2017–2024 (USD Million)
Table 129 China: Market, By End User, 2017–2024 (USD Million)
Table 130 India: Market, By Type, 2017–2024 (USD Million)
Table 131 India: Market, By Application, 2017–2024 (USD Million)
Table 132 India: Market, By Component, 2017–2024 (USD Million)
Table 133 India: Market, By Delivery Model, 2017–2024 (USD Million)
Table 134 India: Market, By End User, 2017–2024 (USD Million)
Table 135 RoA: Market, By Type, 2017–2024 (USD Million)
Table 136 RoA: Market, By Application, 2017–2024 (USD Million)
Table 137 RoA: Market, By Component, 2017–2024 (USD Million)
Table 138 RoA: Market, By Delivery Model, 2017–2024 (USD Million)
Table 139 RoA: Market, By End User, 2017–2024 (USD Million)
Table 140 RoW: Market, By Type, 2017–2024 (USD Million)
Table 141 RoW: Market, By Application, 2017–2024 (USD Million)
Table 142 RoW: Market for Research & Development, By Type, 2017–2024 (USD Million)
Table 143 RoW: Market, By Component, 2017–2024 (USD Million)
Table 144 RoW: Market, By Delivery Model, 2017–2024 (USD Million)
Table 145 RoW: Market, By End User, 2017–2024 (USD Million)
Table 146 Market Player Ranking, 2018
Table 147 Product Launches, 2016–2019
Table 148 Expansions, 2016–2019
Table 149 Acquisitions, 2015–2019
Table 150 Other Strategies, 2015–2019


List of Figures (31 Figures)

Figure 1 Life Science Analytics: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Life Science Analytics: Market, By Type, 2019 vs 2024 (USD Billion)
Figure 8 Life Science Analytics: Market, By Application, 2019 vs 2024 (USD Billion)
Figure 9 Life Science Analytics: Market, By Component, 2019 vs 2024 (USD Billion)
Figure 10 Life Science Analytics: Market, By Delivery Model, 2019 vs 2024 (USD Billion)
Figure 11 Life Science Analytics: Market, By End User, 2019 vs 2024 (USD Billion)
Figure 12 Geographical Snapshot: Life Science Analytics: Market
Figure 13 Technological Advancements and Growing Adoption of Analytics Solutions for Clinical Trials are Driving Market Growth
Figure 14 Descriptive Analytics to Dominate the Life Science Analytics Market in 2019
Figure 15 North America to Hold the Largest Share of the Life Science Analytics End-User Market in 2019
Figure 16 Asia to Register the Highest Growth During the Forecast Period
Figure 17 Life Science Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Healthcare Spending as A Percentage of the GDP, By Country, 2017
Figure 19 North America: Life Science Analytics Market Snapshot
Figure 20 Europe: Life Science Analytics Market Snapshot
Figure 21 Asia: Life Science Analytics Market Snapshot
Figure 22 Key Growth Strategies Adopted By Players in the Life Science Analytics Market From 2016 to October 2019
Figure 23 Competitive Leadership Mapping of the Life Science Analytics Market Overall Market
Figure 24 Company Snapshot: SAS Institute Inc. (2017)
Figure 25 Company Snapshot: IBM Corporation (2018)
Figure 26 Company Snapshot: Oracle Corporation (2018)
Figure 27 Company Snapshot: Iqvia (2018)
Figure 28 Company Snapshot: Accenture (2018)
Figure 29 Company Snapshot: Cognizant (2018)
Figure 30 Company Snapshot: Take Solutions (2016)
Figure 31 Company Snapshot: Wipro Limited (2018)

The study involved four major activities in estimating the current size of the global life science analytics market. Exhaustive secondary research was done to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing values with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary research was mainly used to identify and collect information for the extensive, technical, market-oriented, and commercial study of the life science analytics market. Secondary sources include directories; databases such as Bloomberg Business, Factiva, and Wall Street Journal; white papers; and annual reports were also used to obtain key information about major players, market classification, and segmentation according to industry trends, regional/country-level markets, market developments, and technology perspectives.

Primary Research

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify the critical qualitative and quantitative information as well as assess prospects of the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of primary respondents:

Life Science Analytics Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the life science analytics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The revenue generated from the sale of life science analytics solutions and services by leading players has been determined through primary and secondary research
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the life science analytics market on the basis of type, component, application, delivery model, end user, and region
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to the individual growth trends, future prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia, and the Rest of the World (RoW)
  • To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments such as partnerships, agreements, mergers & acquisitions, expansions, product & service launches/upgrades, and R&D activities in the life science analytics market

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Report Code
HIT 4869
Published ON
Jul, 2019
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