Press release
Rising Chronic Disease Rates Fuel Growth In The Life Science Analytics Market: A Significant Driver Propelling The Life Science Analytics Market In 2025
Life Science Analytics
What Is the Life Science Analytics Market Size and Projected Growth Rate?
The market size of life science analytics has seen a swift expansion in the last few years. The market is set to increase from $28.56 billion in 2024 to $31.49 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.3%. The remarkable growth during the historical period is largely due to factors such as pharmaceutical sales and marketing, reduction in healthcare costs, worldwide health readiness, biopharmaceutical production, and the adoption of digital health.
In the coming years, the life science analytics market size is set to experience swift expansion. The market is projected to escalate to $56.92 billion by 2029, boasting a compound annual growth rate (CAGR) of 15.9%. The growth during the forecast period can be linked to factors such as the uptake of telemedicine, population growth, drug repurposing, regulatory amendments, and an increase in disease surveillance. Key trends for the forecast period encompass the improvement of drug safety through artificial intelligence (AI), advancements in gene editing, the usage of predictive analytics in diagnostics, data visualization tools, and the application of blockchain for enhancing data security.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6581
What Are the Major Segments in the Life Science Analytics Market?
The life science analytics market covered in this report is segmented -
1) By Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
2) By Component: Software, Services
3) By Deployment: On-Demand, On-Premises
4) By Application: Research and Development, Preclinical Trials, Clinical Trials, Sales and marketing, Regulatory Compliance, Supply Chain Optimization, Pharmacovigilance
5) By End User: Medical Device, Pharmaceutical, Biotechnology, Other End Users
Subsegments:
1) By Descriptive Analytics: Data Visualization, Reporting Tools, Statistical Analysis,
2) By Predictive Analytics: Risk Assessment Models, Forecasting Tools, Machine Learning Algorithms
3) By Prescriptive Analytics: Optimization Tools, Simulation Models, Decision Support Systems
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6581&type=smp
What Are The Driving Life Science Analytics Market Evolution?
The growth of the life science analytics market is set to be driven by the escalating occurrence of chronic illnesses. These long-lasting diseases can be preemptively tackled by life science analytics, especially predictive analytics, which allows healthcare providers to detect early symptoms and act accordingly. For example, the International Diabetes Federation (IDF), composed of over 230 national diabetes associations across 160 countries, reported that in 2021, an estimated 537 million adults were living with diabetes. This figure is anticipated to surge to 643 million by 2030, and further to 783 million by 2045. Therefore, it's clear that the rise in chronic diseases is spurring on the expansion of the life science analytics market.
Which Firms Dominate The Life Science Analytics Market Segments?
Major companies operating in the life science analytics market include Oracle Corporation., accenture* plc., SAS Institute Inc., International Business Machines Corporation (IBM), IQVIA Holdings Inc., Wipro Limited, Cognizant Technology Solutions Corporation, SCIOInspire Corp., Cerner Corporation, Optum Inc., Microsoft Corporation, MaxisIT Inc., Cotiviti Holdings Inc., Allscripts Healthcare Solutions Inc., ExlService Holdings Inc., Inovalon Holdings Inc., CitiusTech Inc., Saama Technologies LLC., Axtria Inc., Clarivate Plc, ThoughtSphere Ltd., ThoughtSpot Inc., Alteryx Inc., TAKE Solutions Ltd., Dynata LLC., M3 EU Ltd., BioSymetrics Inc., PerkinElmer Inc., Medidata Solutions Inc., PAREXEL International Corporation
What Trends Are Expected to Dominate the Life Science Analytics Market in the Next 5 Years?
The advent of technological innovations is becoming a significant trend in the life science analytics market. Various major firms in this industry are concentrating on unveiling novel technological solutions to consolidate their standing. For instance, Charles River Associates, a company based in the US offering economic, financial, and business consulting services, debuted the healthcare claims analytics platform (HCAP) in July 2022. The HCAP is a flexible, module-based data visualization tool that aids in generating insights and making decisions by providing a streamlined analysis of patient, health care practitioner (HCP), and health care organization (HCO) data. The HCAP provides the capacity to use patient analytics and machine learning to improve understanding of the market and promote informed decision-making.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/life-science-analytics-global-market-report
Which Is The Largest Region In The Life Science Analytics Market?
North America was the largest region in the life science analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the life science analytics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Life Science Analytics Market?
2. What is the CAGR expected in the Life Science Analytics Market?
3. What Are the Key Innovations Transforming the Life Science Analytics Industry?
4. Which Region Is Leading the Life Science Analytics Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Chronic Disease Rates Fuel Growth In The Life Science Analytics Market: A Significant Driver Propelling The Life Science Analytics Market In 2025 here
News-ID: 3960518 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Analytics
Insurance Analytics Market Insurance Analytics Market
The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. The market growth is characterized by the presence of key players operating in the market.
In March 2021, Oracle Insurance Policy Administration (OIPA) collaborated with ClearView Wealth Ltd. In this collaboration, ClearView selected OIPA to support its digital transformation journey. This collaboration is a part of broader technology investment by the company…
Global Big Data Analytics in Healthcare Market, by Analytics type (Descriptive A …
Global Big Data Analytics in Healthcare Market was valued at US$ 23.93 million in 2019 and is projected to reach US$ 81.35 million by 2025, at a CAGR of 19.1% during the forecast period. A surge in the demand for analytics solutions for citizen health management, increase in the adoption of cloud analytics among several end users, growing need for business intelligence to optimize health administration & strategy, lack of…
Security Analytics Market Report 2018: Segmentation by Application (Network Secu …
Global Security Analytics market research report provides company profile for Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Life Science Analytics Market 2025 Future Forecast by Product Overview - Predict …
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period.
Life Science Analytics Market to 2025 - Global Analysis and Forecasts by Type…
Predictive Analytics Market Report 2018: Segmentation by Type (Services, Solutio …
Global Predictive Analytics market research report provides company profile for Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective
• 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.
• To provide historical and forecast revenue of the…
