Global Life Science Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global life science analytics market in its upcoming report titled, “Global Life Science Analytics Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global life science analytics market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global life science analytics market report has been segmented on the basis of component, type, delivery model, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Life science is a branch of science that deals with study of living organisms that include botany, zoology, biology, microbiology, etc. Healthcare industry and life science has been generating large amount of data related to patient profiles, scientific research, compliance and regulatory requirements over the period. Over the time, it has become difficult to manage such large amount of datasets with conventional software and hardware, so with the help of life science analytical tools it will ease data management, enhance work efficiency, improve patient care, and also to lower costs.

Increasing adoption of cloud-based services and increasing adoption of connected devices in healthcare sector are major factors driving growth of the global life science analytics market. In addition, increasing adoption of analytical tools for clinical trials, patient monitoring, sales, and marketing, risk management is another factor fueling growth of the global market. Moreover, rising government spending towards development of healthcare infrastructure across the globe is another factor further propelling growth of the global market.

High implementation cost is a major factor restraining growth of the global life science analytics market. In addition, lack of skilled professionals is another factor hampering growth of the global market.

High manufacturing cost and fluctuating raw material prices are key factors hampering growth of the Global Wireless Microphone Market . The current trend observed in the market is increasing demand for flexible wearables, smart watches, and flexible displays, which is another factor expected to further support growth of the target market. Increasing adoption of flexible electronics in smart applications is expected to present lucrative business opportunity to major manufacturers and vendors in the global market over the next 10 years.

AsaiNorth America market accounts for highest market share in terms of revenue in the global life science analytics market with a share of XX.X% in 2016 and is expected to maintain its dominance over the forecast period. Presence of major service providers and presence of advanced healthcare infrastructure are major factors driving growth of the North America life science analytics market. The Europe life science analytics market is expected to witness considerable growth in global market and is expected to register a CAGR of XX.X% over the forecast period. The Asia Pacific life science analytics market is expected to witness fastest growth and is projected to register a CAGR of XX.X% over the next 10 years. This growth can be attributed to rapid development healthcare infrastructure, increasing adoption big data analytics, and increasing adoption of cloud-based services in countries in this region.

Global life science analytics market segmentation:

Segmentation on the basis of component:

• Software
• Services

Segmentation on the basis of type:

• Reporting
• Descriptive
• Predictive
• Prescriptive

Segmentation on the basis of delivery model:

• On-demand
• On-premises

Segmentation on the basis of application:

• Research and Development
• Sales and Marketing
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• SAS Institute Inc.
• International Business Machines Corporation
• Oracle Corporation
• Accenture
• TAKE Solutions
• Quintiles, Inc.
• Wipro Limited
• Cognizant
• MaxisIT, Inc.
• SCIO Health Analytics
• IQVIA