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Life Sciences Software Market Trends Expected to Emerge and Grow by 2023
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These software’s enable organizations to securely store, record and maintain patient’s data, images, texts and data.The healthcare records and patient data being converted into electronic format with the help of these software’s enables healthcare professionals to easily access patient’s data. Various life sciences software are commercially available in the market for differentpurpose that includes drug target identification and validation Accelrys, laboratory information management system software, clinical trial management Oracle, Argus and others.
This software system enables to effectivelystore and manage patient information data that drives the market of life science software. High cost associated with the implementation of software restrains the market growth. In addition,complex programming, additional cost for data integration and quality pose a challenge to the growth of this market.
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Geographically, North America and Europe holds a strong growth following the increasing need of digital system in life sciences. While increasing investment for infrastructure modernizationby domiciled companies in Asia-Pacific regions may potentiate the growth of life sciences software market in this region.
Some of the key players contributing to the global life science software market comprises Accelrys Software, Inc., Cegedim SA, Medidata Solution, Inc., Oracle Corporation, Revitas, Inc., Veeva Systems, Inc., Model N, Inc., SAS Institute, Inc., TIBCO Software, Inc., Perceptive Informatics, Inc. and PTC Therapeutics, Inc.
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