Life Science Analytics Market to 2021 - Top Trends, Key Insights, Company Profiles and Global Overview

Major factors contributing to growth of life science analytics market include 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.

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The life science analytics market is categorized on basis of type, application, component, delivery model, end user, & region. Based on type, market categorized into descriptive, predictive, & prescriptive analytics. Prescriptive analytics segment projected to grow at highest CAGR during forecast period due to its ability to ensure synergistic integration of predictions & prescriptions.

Majour Life Science Analytics Market, Application are Covered as Research and Development, Preclinical Trials, Clinical Trials, Sales and Marketing Support, Regulatory Compliance, Supply Chain Analytics, and Pharmacovigilance.

Life science analytics market is categorized on the basis of type, application, component, delivery model, end user, and region. Based on type, market is categorized into descriptive, predictive, and prescriptive analytics. The prescriptive analytics segment is projected to grow at highest CAGR during forecast period due to its ability to ensure the synergistic integration of predictions and prescriptions.

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North America expected to dominate global market in 2016, with U.S. accounting for a major share of this regional market. Asia expected to grow at highest CAGR during forecast period. Factors such as large population base, growing prevalence of chronic diseases, increasing need for innovative therapies, and low manufacturing costs in region are expected to drive market growth.

Life science analytics market is fragmented with several global as well as local players. Players offer several products across different subsegments of this market. Key players in this market include SAS Institute Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Quintiles, Inc. (U.S.), Accenture (Ireland), Cognizant (U.S.), Wipro Limited (India), MaxisIT, Inc. (U.S.), TAKE Solutions (India), and SCIO Health Analytics (U.S.).

More Information on this study “Life Science Analytics Market by Type (Descriptive, Prescriptive), Application (Marketing, R&D, Compliance, SCM), Component (Software, Service), Delivery (On premise, Cloud), End user (Pharmaceutical, Biotechnology, Medical Device, CRO) - Forecasts to 2021” research @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=825120 .

Life science analytics market categorized on basis of type, application, component, delivery model, end user, & region. Apart from comprehensive geographical analysis, product analysis, & market sizing, report also provides a competitive landscape that covers growth strategies adopted by industry players in last three years. In addition, company profiles comprise basic views on key players & their product portfolios, developments, & strategies adopted.

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