Life Science Analytics Companies

The global life science analytics market is expected to reach USD 68.81 billion by 2030 from USD 40.03 billion in 2025, at a CAGR of 11.4% during the forecast period. Market growth is primarily driven by the increasing pressure to reduce healthcare spending, the need for better data standardization, and the complexity of big data in the life science sector. Additionally, advancements in analytical solutions that utilize artificial intelligence (AI), machine learning (ML), quantum computing, cloud computing, and other advanced technologies significantly contribute to this growth.

Companies are increasingly forming partnerships and collaborations to integrate these technologies into their workflows. For example, in June 2024, ComplianceQuest partnered with Salesforce to launch the innovative Life Sciences Cloud, which aims to incorporate advanced AI technology into the BioPharma, MedTech, and other sectors. However, challenges such as resistance to change, high setup and operational costs, and the complexities of data integration may hinder market growth to some extent.

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The prominent players operating in the Life science analytics market include Oracle (US), Merative (formerly IBM) (US), SAS Institute (US), Accenture (Ireland), IQVIA (US), Cognizant (US), Wipro (India), Veradigm (US), Optum (US), Microsoft (US), MaxisIT (US), ExlService Holdings (US), Inovalon (US), CitiusTech (US), Saama (US), Axtria (US), Clarivate (UK), ThoughtSphere (US), ThoughtSpot (US), Salesforce (US), Google LLC (US), Amazon Web Services, Inc. (US), Veeva Systems (US), Elsevier (Netherlands), and Komodo Health, Inc. (US). These companies implemented strategies such as launching products, updating products, expanding their businesses, forming partnerships, collaborating with other key players, and engaging in mergers & acquisitions to enhance their market presence in the life science analytics sector.

Oracle (US) is a leading company in life science analytics worldwide. The company offers analytics software and services for various applications, including research & development, commercialization, and more. Oracle is committed to continuously updating its products to meet customer expectations. Additionally, the company invests in expanding its solutions through partnerships and collaborations, ensuring tailored solutions for its users. In March 2025, Oracle partnered with Huntsville Hospital Health System (US) to standardize its Oracle Health Foundation electronic health record system across all facilities. This collaboration aims to provide consistent, high-quality care and a unified experience for both patients and providers as they move between different locations. With a broad customer base and a significant geographic presence, Oracle is a critical player in various IT software, hardware, and service markets, including life science analytics.

Merative (US) is another leading player in the life science analytics market. The company offers a comprehensive suite of informatics products and services tailored for life science analytics. By leveraging advanced technologies such as AI and ML, Merative enhances the accuracy and efficiency of evidence analysis. Its strong brand recognition and extensive product portfolio have significantly contributed to its success. Merative serves various sectors, including life science systems, clinical trial sponsors, and the medical device manufacturing industry. Additionally, the company has established offices across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

SAS Institute Inc. (US) is a company that specializes in analytics software and services. It offers a wide range of solutions, including advanced analytics, business intelligence, cloud analytics, customer intelligence, data operations, data management, decision management, fraud and security intelligence, in-memory analytics, performance management, risk management, and supply chain management. These solutions enable organizations to access, manage, analyze, and report on data to support informed decision-making. SAS Institute serves various industries, including communications, education, financial services, government, health insurance, healthcare, hospitality, insurance, life sciences, manufacturing, media, oil and gas, retail, travel and transportation, and utilities. Through its Life Sciences industry segment, the company also provides specialized analytics solutions for the life sciences sector. By leveraging AI and analytics driven by fast and relevant data, SAS aims to propel innovation in health and life sciences. The company supports customers in 146 countries across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. More than 82,000 business, government, and university sites utilize SAS OnDemand for Academics.

MARKET RANKING

The ranking of companies in the life science analytics market has been established through a market share analysis, which involved comprehensive secondary research and validation by primary respondents. This ranking takes into account several factors, including revenue generated from life science analytics, the breadth and depth of product portfolios, innovation, and recent product launches. Based on this analysis, the leading players in the market are Oracle (US), Merative (US), SAS Institute, Inc. (US), Accenture (Ireland), and IQVIA Inc. (US).

These companies leverage their strong research & development (R&D) capabilities, diversified product portfolios, global reach, and continuous innovation within the life science analytics market. Oracle is a notable player in this field, with a comprehensive portfolio of life science products that includes clinical research, safety and pharmacovigilance, real-world evidence, commercialization, oncology & rare disease consulting, and business operations.

Merative, on the other hand, serves as a data analytics and technology partner for the life science industry, supporting clients with R&D solutions and commercialization activities. It excels in data analytics and employs advanced technologies such as artificial intelligence (AI), cloud computing, and blockchain. The company has a well-established global presence and a robust sales and distribution network. Merative places a strong emphasis on research & development, allowing it to remain competitive by continuously innovating new products and technologies.

Similarly, Oracle focuses on launching new products and developments to strengthen its market share in existing sectors. The company actively engages in partnerships and collaborations with key local players in target markets, aiming to enhance its presence in areas with high growth potential. In March 2025, Oracle entered into an exclusive collaboration with NVIDIA Corporation in the US. This partnership seeks to integrate NVIDIA's accelerated computing and AI software with Oracle Cloud Infrastructure (OCI), enabling enterprises to develop and deploy AI applications more efficiently.

Related Reports:

Life Science Analytics Market by Type (Descriptive, Prescriptive, Predictive), by Service (Analytics), Application (Drug Discovery, Trials, RWE, Access, Sales & Marketing, Drug Safety), End User (Pharma, Medical Device) & Region - Global Forecast to 2030

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