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Life Science Analytics Market, by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), Application (Research and Development, Clinical Trials, Preclinical Trials, Sales and Marketing Support, Regulatory Compliance, Supply Chain Analytics, Pharmacovigilance), Component (Software, Services), End user (Pharmaceutical and Biotechnology Companies, Medical Device Companies, Research Centers, Third-party Administrators (TPAs) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022

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Life sciences sector growth is expected to be fuelled by increasing demand from an aging population and the prevalence of chronic and communicable diseases. Life sciences companies have always operated in a world of uncertainty. Issues around cost and pricing, clinical and operational innovation, customer and consumer engagement, and regulatory compliance have existed for decades. In addition, new and evolving technology advancements – more sophisticated electronic medical records (EMRs), wearable health care devices, next-generation sequencing, breakthroughs in genomics, immunotherapy, and gene therapy, and use of real-world evidence (RWE) and data analytics – have primed the life sciences sector for disruption. 

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the life science analytics market. The scope of this report covers the life science analytics market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • The growth of this market is mainly driven by factors such as technological advancements, availability of big data in the life science industry, growing adoption of analytics solutions for clinical trials, increasing adoption of analytics solutions for sales and marketing applications, growing need for improved data standardization, rising prevalence of chronic diseases, increasing pressure to curb healthcare spending, and growing need for improved patient outcomes.
  • Moreover, increasing focus on value-based medicine, use of analytics in precision and personalized medicine, cloud-based analytics, and use of big data analytics to increase R&D productivity, and emergence of social media and its impact on the life science industry provide significant growth opportunities in the market.
  • However, lack of skilled professionals and financial constraints may hinder the growth of this market during the forecast period.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s life science analytics market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the life science analytics market by the following segments:

  • Life Science Analytics Market, by Type
    • Descriptive Analytics
    • Predictive Analytics
    • Prescriptive Analytics
  • Life Science Analytics Market, by Application
    • Research and Development
    • Clinical Trials
    • Preclinical Trials
    • Sales and Marketing Support
    • Regulatory Compliance
    • Supply Chain Analytics
    • Pharmacovigilance
  • Life Science Analytics Market, by Component
    • Software
    • Services
  • Life Science Analytics Market, by Delivery Model
    • On-premise
    • On-demand 
  • Life Science Analytics Market, by End User
    • Pharmaceutical and Biotechnology Companies
    • Medical Device Companies 
    • Research Centers
    • Third-party Administrators (TPAs)

KEY MARKET PLAYERS

Key players in the life science analytics market include:

  • SAS Institute Inc. 
  • IBM Corporation 
  • Oracle Corporation 
  • Quintiles, Inc. 
  • Accenture 
  • Cognizant 
  • Maxisit 
  • Scio Health Analytics 
  •  Take Solutions 
  • Wipro Limited

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology/Product Roadmap
  5. Life Science Analytics Market, by Type
    1. Segment Share
    2. By Type
      1. Descriptive Analytics
      2. Predictive Analytics
      3. Prescriptive Analytics
  6. Life Science Analytics Market, by Application
    1. Segment Share
    2. By Application
      1. Research and Development
      2. Clinical Trials
      3. Preclinical Trials
      4. Sales and Marketing Support
      5. Regulatory Compliance
      6. Supply Chain Analytics
      7. Pharmacovigilance
  7. Life Science Analytics Market, by Component
    1. Segment Share
    2. Organization Size
      1. Software
      2. Services
  8. Life Science Analytics Market, by Delivery Model
    1. Segment Share
    2. Delivery Model
      1. On-premise
      2. On-demand 
  9. Life Science Analytics Market, by End User
    1. Segment Share
    2. Delivery Model
      1. Pharmaceutical and Biotechnology Companies
      2. Medical Device Companies 
      3. Research Centers
      4. Third-party Administrators (TPAs)
  10. Life Science Analytics Market, BY REGIONS
    1. Segment Share
    2. North America
      1. By Region
        1. U.S.
        2. Rest of North America
      2. By Type
      3. By Application
      4. By Component
      5. By Delivery Model
      6. By End Users
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. .U.K.
        4. Rest of Europe
      2. By Type
      3. By Application
      4. By Component
      5. By Delivery Model
      6. By End Users
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Type
      3. By Application
      4. By Component
      5. By Delivery Model
      6. By End Users
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Type
      3. By Application
      4. .By Component
      5. By Delivery Model
      6. By End Users
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Type
      3. By Application
      4. By Component
      5. By Delivery Model
      6. By End Users
  11. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2015
    2. Key Innovators
  12. KEY MARKET PLAYERS
    1. SAS Institute Inc. 
      1. Overview
      2. .Key Strategies
      3. Recent Developments
    2. IBM Corporation 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    3. Oracle Corporation 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    4. Quintiles, Inc. 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    5. Accenture 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    6. Cognizant 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    7. Maxisit 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    8. Scio Health Analytics 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    9. Take Solutions 
      1. Overview
      2. Key Strategies
      3. Recent Developments
    10. Wipro Limited
      1. Overview
      2. Key Strategies
      3. Recent Developments
  13. SCALAR 360 DEGREE MARKET PERSPECTIVE
  14. APPENDIX
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