According to IMARC Group’s latest report, titled “Life Science Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global life science analytics market grew at a CAGR of around 12% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026. Life science analytics refers to a clinical data analysis process that offers predictive tools for improved patient care. This process includes creating vast databases according to past reports of numerous patients, which helps healthcare professionals and pharmaceutical companies predict future trends of treatment. The importance of analytics in the life science industry is manifested in precise risk assessments to increase life expectancy, determining the effectiveness of clinical trials, assistance in precision medicine, and improving the effectiveness of research and development (R&D) activities.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The increasing deployment of connected devices and cloud-based services in the healthcare industry is one of the major factors fueling the global life science analytics market growth. Governments of various nations have also expanded their spending toward establishing an adequate healthcare infrastructure, which is further contributing to the market growth. Furthermore, the market is being positively affected by the onset of coronavirus disease (COVID-19), which has led to the emerging need for effective teleconsultation solutions.
Life Science Analytics Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the life science analytics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Infosys Limited
- Accenture Plc
- Oracle Corporation
- SAS Institute Inc.
- TAKE Solutions Limited
- Wipro Limited
- International Business Machines Corporation
- IQVIA Inc.
- Rockwell Automation Inc.
Key Market Segmentation:
The report has segmented the global life science analytics market on the basis of type, component, deployment mode, application, end use and region.
Breakup by Type:
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Application:
- Research and Development
- Sales and Marketing Support
- Supply Chain Analytics
- Pharmacovigilance (PV)
Breakup by End Use:
- Medical Devices
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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