Global Life Science Analytics Market Share and Growth Rate 2025: Acumen Analytics, GECIS, Saama Technologies, Inc., MaxisIT Inc, Cognizant, Oracle Corporation, IBM, SAS Institute, QlikTech International AB

Life Science Analytics Market is having several developments, product launches, joint ventures, merges and accusations by its prominent market players and top brands which are driving the market in the terms of sales, import, export and revenue. This report gives an edge to not just compete but to outmatch the competition. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the Life Science Analytics Market. This report also contains all the drivers and restrains with the help of SWOT analysis for the Life Science Analytics Market.

The report also holds it place when it comes detailed market definition, classifications, applications and market trends.

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Market Segmentation: Global Life Science Analytics Market

• 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 and prescriptive analytics.

• The market is segmented on the basis of component into software and services.

• The market is segmented on the basis of application into research and development, sales and marketing support, regulatory compliance, supply chain analytics and pharmacovigilance. Research and development is further segmented into preclinical trials and clinical trials.

• The market is segmented on the basis of delivery model into on-premise and on-demand.

• The market is segmented on the basis of end users into pharmaceutical and biotechnology companies, medical device companies, research centers and 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 and, 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.

Market Analysis: Global Life Science Analytics Market

The 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.

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Market Definition: Global Life Science Analytics Market

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

Competitive Analysis: Global Life Science Analytics Market

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.

Renowned players in the Global Life Science Analytics Market consist of:

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.

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