Life Science Analytics Market to Witness Explosive Growth to 2023 by Top Companies - Accenture, Cognizant, IBM, Maxisit, Oracle, Quintiles, SAS Institute

The New Report "Life Science Analytics Market" published by ReportsWeb, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The global life science analytics market is expected to witness significant growth during the forecast period due to increasing prevalence of chronic disease, increased demand for improved data standardization, and technological advancements. In addition, increasing adoption of analytics for sales and marketing applications and in clinical trials has further boosted the market growth. However, lack of skilled professionals and budget constraints hamper the market growth.

The application of analytics has emerged as a helpful tool for several pharmaceutical, biotechnological, and medical device enterprises, as these options help overcome challenges in data integration and enhance operational efficiency. The key applications of analytics in pharmaceutical and life sciences include regulatory compliance reporting, marketing/sales support, and product/service enablement.

Top Key Companies Covered in this Report:
Accenture, Cognizant, IBM Corporation, Maxisit, Oracle Corporation, Quintiles, Inc, SAS Institute Inc, Scio Health Analytics, Take Solutions and Wipro Limited.

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Global Life Science Analytics market is expected to grow from $9.45 billion in 2016 to reach $25.60 billion by 2023 with a CAGR of 15.3%. Some of the factors propelling the market growth are raising demand for analytics in sales and marketing applications, increasing need of these solutions especially in clinical trials and improvements in technological advancements. However lack of skilled professionals, huge implementation costs, and financial limitations are some of the factors inhibiting the market growth.

Based on type, descriptive analytics segment leads the market with the highest market share and the growth of this segment is contributed to the adoption of this analytics by stakeholders in understanding the previous trends. By delivery model, on-demand segment is anticipated to be a largest segment as it has several advantages such as increasing demand for self-driven analytics and maximum capacity flexibility. North America leads the market globally followed by Asia Pacific and the growth is owed to the rising demand for innovative therapies and growing population in this region.

Components Covered:
-Software
-Services

Applications Covered:
-Supply Chain Analytics
-Sales and Marketing Support
-Pharmacovigilance
-Regulatory Compliance
-Research and Development
- Clinical Trials
- Preclinical Trials

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Life Science Analytics Market Size
2.2 Life Science Analytics Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Life Science Analytics Market Size by Manufacturers
3.2 Life Science Analytics Key Players Head office and Area Served
3.3 Key Players Life Science Analytics Product/Solution/Service
3.4 Date of Enter into Life Science Analytics Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Life Science Analytics Sales by Product
4.2 Global Life Science Analytics Revenue by Product
4.3 Life Science Analytics Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Life Science Analytics Breakdown Data by End User

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This release was published on openPR.