2025 Life Sciences Information Technology (IT) Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Life Sciences Information Technology (IT) Market Size By 2025?_x000D_
The market size of information technology (IT) within the life sciences sector has seen a rapid expansion in recent years, escalating from $25.46 billion in 2024 to an anticipated $29.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%. This surge during the historical period is credited to the growing acceptance of digital solutions, a rise in the desire for advanced imaging and diagnostic software, an improvement in the precision of disease diagnosis, a higher demand for sophisticated analytical tools, and the increasing trend of digitalization._x000D_
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How Big Is the Life Sciences Information Technology (IT) Market Size Expected to Grow by 2029?_x000D_
Expectations are high for significant expansion in the life sciences information technology (IT) market in the coming years. It's predicted that this market will increase to a valuation of $49.32 billion by 2029, with a compound annual growth rate (CAGR) of 14.1%. This anticipated growth during the forecast period can be linked to the escalating instances of chronic diseases, a rise in the need for cloud-based platforms, widening of telemedicine, an increased emphasis on personalized medicine, expanding compliance necessities, and a step-up in research and development activities in the biotech and pharma sectors. Key trends for the forecast period are thought to be improvements in AI-aided drug discovery, embracing of cloud-based solutions, elevated cyber-security measures, progression in telemedicine platforms, the integration of blockchain for data protection, improvements in technologies related to personalized medicine, and the application of big data analytics in predictive healthcare._x000D_
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Which Key Market Drivers Powering Life Sciences Information Technology (IT) Market Expansion and Growth?_x000D_
The escalating occurrence of chronic diseases is set to fuel the expansion of the life science information technology (IT) market in the future. Chronic diseases refer to enduring health issues that last for a considerable duration, often a patient's entire life, and usually develop gradually, such as diabetes, heart disease, and chronic respiratory conditions. The widespread presence of these diseases can be attributed to factors such as aging populations, inactive lifestyles, unhealthy diets, rising incidence of obesity, and environmental elements. Life science IT plays a crucial role in managing chronic diseases as it provides thorough data management, personalizes treatment plans, and enhances patient observation and results through sophisticated analytics and integrated health information systems. For example, the National Center for Biotechnology Information (NCBI), a US medical library, predicted in January 2023 that the count of people aged 50 and older suffering from one or more chronic diseases is anticipated to escalate by 99.5% by 2050, from 71.52 million in 2020, up to 142.66 million. Therefore, the soaring prevalence of chronic diseases is stimulating the growth of the life science information technology (IT) market._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the Life Sciences Information Technology (IT) Market?_x000D_
Key players in the life sciences IT market are concentrating on the development of more technologically advanced solutions like cloud-native SaaS platforms. The intent is to provide resources that can scale, remain cost-effective, and facilitate collaboration, data synthesis and quick innovation. Cloud-native SaaS platforms specifically utilize cloud-based infrastructures for improved scalability, adaptability, and reliability. For example, US biotech company Revvity Inc. introduced the Signals Research Suite in June 2023. This platform, created specifically for cloud use, aids scientific collaboration in areas such as drug discovery and specialized chemical development. Integrated applications like Signals Notebook, VitroVivo, and Inventa are offered in this suite, offering well-rounded support during all phases of drug development, starting from initial research to in vitro testing and safety evaluations. The intelligent and integrated software applications that comprise the Signals Research Suite significantly support the Make-Test-Decide lifecycle. Key attributes include advanced analytics powered by TIBCO Spotfire, flawless integration with the prevalent ChemDraw, and a contemporary, sleek interface that entirely tailors workflows across various methods, modalities and datatypes. Secure single-sign-on access, central data resources, tutorials, and software updates allow users to concentrate on their experiments without the need to navigate between different solutions._x000D_
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What Are the Emerging Segments in the Life Sciences Information Technology (IT) Market?_x000D_
The life sciences information technology (IT) market covered in this report is segmented - _x000D_
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1) By Type: Software, Service_x000D_
2) By Solution: Drug Discovery Informatics, Clinical Trial Management, Bioinformatics, Laboratory Information Management, Other Solutions_x000D_
3) By End User: Pharmaceutical And Biotechnology Companies, Contract Research And Development Organizations, Other End Users_x000D_
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Subsegments:_x000D_
1) By Software: Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Clinical Trial Management Systems (CTMS), Regulatory Compliance Software, Enterprise Resource Planning (ERP), Bioinformatics Software, Data Analytics And Visualization Tools, Pharmaceutical Manufacturing Software, Clinical Decision Support Systems (CDSS), Healthcare IT Software _x000D_
2) By Service: Implementation And Integration Services, Consulting Services, Training And Education Services, Managed IT Services, Support And Maintenance Services, Data Management Services, Outsourcing Services, Validation Services, Cloud Computing Services, Business Process Outsourcing (BPO)_x000D_
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Who Are the Global Leaders in the Life Sciences Information Technology (IT) Market?_x000D_
Major companies operating in the life sciences information technology (IT) market are Microsoft Corporation, F. Hoffmann-La Roche Ltd., accenture* plc, International Business Machines Corporation, Oracle Corporation, Fujitsu Limited, SAP SE, Siemens Healthineers AG, Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Agilent Technologies Inc., Dassault Systèmes SE, Illumina Inc., Infor Inc., Epic Systems Corporation, SAS Institute Inc., Bio-Rad Laboratories Inc., Bruker Corporation, PTC Inc., Tableau Software Inc., Veeva Systems Inc., Allscripts Healthcare Solutions Inc., Medidata Solutions Inc. _x000D_
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Which are the Top Profitable Regional Markets for the Life Sciences Information Technology (IT) Industry?_x000D_
North America was the largest region in the life sciences information technology (IT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the life sciences information technology (IT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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