Press release
Life Science Analytics Market 2023: Industry Analysis, Size, Share, Trends, Growth And Forecast To 2032
Life Science Analytics Market
The Business Research Company's Life Science Analytics Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the Life Science Analytics market's growth in the forecast period. Chronic diseases refer to diseases that will persist for a long time. Life science analytics that includes predictive analytics is a critical step toward chronic disease prevention, allowing providers to recognize early signs of illness and intervene.
The global life science analytics market size grew from $24.13 billion in 2022 to $27.13 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The life science analytics market size is expected to grow to $43.91 billion in 2027 at a CAGR of 12.8%.
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Major competitors in the Life Science Analytics market are Oracle Corporation, A*ccenture , SAS Institute Inc., IBM Corporation, IQVIA, Wipro, Cognizant, SCIO Health Analytics , Cerner Corporation.
A key trend in the Life Science Analytics market includes technological advancements. Major companies operating in the life science analytics sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2020, IQVIA, a US-based company that provides life science analytics, launched the Avacare Clinical Research Network, a technology-based worldwide site network that allows for additional clinical trials to be conducted at established clinical and research facilities.
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The Life Science Analytics market is segmented -
• By Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
• By Component: Software, Services
• By Deployment: On-Demand, On-Premises
• By Application: Research and Development, Preclinical Trials, Clinical Trials, Sales and Marketing, Regulatory Compliance, Supply Chain Optimization, Pharmacovigilance
• By End User: Medical Device, Pharmaceutical, Biotechnology, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Life Science Analytics market.
The Business Research Company's "Global Life Science Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Life Science Analytics Market Include:
1. Executive Summary
2. Life Science Analytics Market Characteristics
3. Life Science Analytics Market Trends And Strategies
4. Life Science Analytics Market - Macro Economic Scenario
5. Life Science Analytics Market Size And Growth
………………………………………………
26. Africa Life Science Analytics Market
27. Life Science Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Life Science Analytics Market
29. Life Science Analytics Market Future Outlook and Potential Analysis
30. Appendix
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• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
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