Life Science Analytics Market - A Comprehensive Study By Top Companies: SAS, IBM, Oracle, IQVIA, Accenture, Cognizant, MaxisIT Inc, SCIO Health Analytics®, TAKE Solutions, Saama, Genpact, The Smart Cube, Incedo Inc., Teradata

Life Science Analytics Market report is a synopsis on the study of the Medical Devices industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The report is a directly focuses on all the key players and brands as their moves can always make a difference when it comes to sales, import, export and revenue at a global level because of their recent developments, products launches, research, joint ventures, merges and acquisitions.

The report also takes the help of SWOT analysis when to come to finding all the drivers and restrains of the Life Science Analytics Market, while also showing all the CAGR levels of historic year 2016, base year 2017 and forecast year 2018-2025.

Renowned players in the 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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Major Market Drivers and Restraints:

• Increasing prevalence of chronic disease
• Technological advancements
• Increased demand for errorless data
• Lack of skilled professionals
• High cost budget

Market Segmentation: Global Life Science Analytics Market

On the basis of type:

• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics

On the basis of component:

• Software
• Services

On the basis of application:

• Research and Development
• Sales and Marketing Support
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

On the basis of delivery model:

• On-Premise
• On-Demand

On the basis of end users:

• Pharmaceutical and Biotechnology Companies
• Medical Device Companies
• Research Centers
• Third-Party Administrators

Based on geography:

• North America
• South America
• Europe
• Asia-Pacific
• 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.

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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.

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.

Frequently Asked Questions:

- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Life Science Analytics Market?

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