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Market Research Report

Life Science Analytics Market, By Type, By Component, By Delivery, By Application, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026

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Life Science Analytics Market, By Type, By Component, By Delivery, By Application, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
Published: May 1, 2020 Content info: 210 Pages
Description

REPORT HIGHLIGHT

Life science analytics market was valued at USD 18.9 billion by 2019, growing with 10.9% CAGR during the forecast period, 2020-2026

Market Dynamics

Presently, North America is dominating the market owing to unhealthy lifestyle and rise in aging population and is estimated to maintain its lead during the period of forecast. In addition, the presence of medical device manufacturers, universities, and well-equipped hospitals and research centres will impel the regional market growth. The Asia Pacific region is projected to witness the fastest growth owing to the presence of a low-cost workforce and rising need for analytics.

The rising demand for healthcare expenditure, growing prevalence of chronic diseases, and growth in instances of regulatory oversight are the major factors driving the growth of global life science analytics market. In addition, increasing adoption of big data in the life science industry, analytics tools for applications of sales & marketing, analytics solutions in clinical trials, and improved patient outcomes are other factors propelling the market growth. Life science analytics is a tool that helps in the optimization of drug discovery processes and standardization of clinical trials.

The key players and healthcare professionals are undertaking several efforts to provide patients with high-quality services at a lower cost and reduced medical errors. Also, governments of both developed and developing economies are spending more in the healthcare sector which is likely to create lucrative opportunities in the global industry. However, a lack of skilled professionals and high execution costs are further predicted to impede the market growth in the coming future.

Segment Takeaway

Reporting software is mostly used for basic data reporting and some of the software of the reporting segment are adverse event reporting system, PPSA-based reporting, and SoftClinic. Thus, the reporting segment is anticipated to hold the largest market share in terms of revenue during the forecast period. The descriptive software segment is expected to be the second-largest owing to the increasing adoption of this software by most developed countries. These systems are often used for administrative activities and process optimization.

The services component segment accounted for the largest share in the global industry and is predicted to subjugate by the end of 2030. This dominance is majorly due to effective treatment development outcomes and growing penetration of analytics. Growth in investments by major market vendors and the presence of leading analytical providers are also expected to boost the segmental market growth.

The sales & marketing segment is estimated to generate the highest market share in the global market during the forecast period. This rapid growth is majorly due to higher adoption of analytics, especially for sales activities. A surge in mobile apps in the healthcare sector is a key trend observed in this industry, which results in strong social media presence and increased outreach of physician and patient. In addition, rising demand for cloud-based mobility services & solutions in the pharmaceutical firms to optimize internal cost, customer services, R&D processes, marketing & sales activities, and regulatory compliance will propel the market growth during the forecast period.

The on-premises segment is predicted to subjugate the global market in the projected timeframe owing to traditional ERP models' high installation in life science companies. According to several studies, the organizations that are using cloud-based services are approximately 15% all over the globe. These services include Software as a Service (SaaS), Infrastructure as a Services (IaaS), Platform as a Service (PaaS), and Business Process as a Service (BPaaS) for sales & marketing.

Key Vendors Takeaway

Some of the key players functioning in the global industry include Accenture; IBM; Cognizant; Oracle; Wipro Limited; SAS Institute, Inc.; TAKE Solutions Limited; and IQVIA.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year - 2015 to 2018

Base Year - 2019

Estimated Year - 2020

Projected Year - 2026

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

Scope of the Report

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL LIFE SCIENCE ANALYTICS MARKET KEY PLAYERS

Accenture

IBM

Quintiles Inc.

MaxisIT, Inc.

SCIO Health Analytics

3DHISTECH

Saama Technologies

Cognizant

Oracle Corporation

Wipro Limited

SAS Institute, Inc.

TAKE Solutions Limited

IQVIA

GLOBAL LIFE SCIENCE ANALYTICS MARKET, BY TYPE

Prescriptive

Descriptive

Reporting

Predictive

GLOBAL LIFE SCIENCE ANALYTICS MARKET, BY COMPONENT

Services

Software

GLOBAL LIFE SCIENCE ANALYTICS MARKET, BY DELIVERY

On-Premises

On-Demand

GLOBAL LIFE SCIENCE ANALYTICS MARKET, BY APPLICATION

Pharmacovigilance

Supply Chain Analytics

Sales and Marketing

Research and Development

Regulatory Compliance

Others

GLOBAL LIFE SCIENCE ANALYTICS MARKET, BY REGION

North America

The U.S.

Canada

Europe

Germany

France

Italy

Spain

United Kingdom

Rest of Europe

Asia Pacific

India

China

South Korea

Japan

Singapore

Rest of APAC

Latin America

Brazil

Mexico

Argentina

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

Rest of MEA

Table of Contents

TABLE OF CONTENT

1. LIFE SCIENCE ANALYTICS MARKET OVERVIEW

  • 1.1. Study Scope
  • 1.2. Assumption and Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Market Snippet
    • 2.1.1. Market Snippet by Type
    • 2.1.2. Market Snippet by Component
    • 2.1.3. Market Snippet by Delivery
    • 2.1.4. Market Snippet by Application
    • 2.1.5. Market Snippet by Region
  • 2.2. Competitive Insights

3. LIFE SCIENCE ANALYTICS KEY MARKET TRENDS

  • 3.1. Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Market Future Trends

4. LIFE SCIENCE ANALYTICS INDUSTRY STUDY

  • 4.1. Porter's Five Forces Analysis
  • 4.2. Marketing Strategy Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis
  • 4.5. COVID-19 Impact Analysis
    • 4.5.1. Pre-COVID-19 Impact Analysis
    • 4.5.2. Post-COVID-19 Impact Analysis

5. LIFE SCIENCE ANALYTICS MARKET LANDSCAPE

  • 5.1. Market Share Analysis
  • 5.2. Key Innovators
  • 5.3. Breakdown Data, by Key manufacturer
    • 5.3.1. Established Player Analysis
    • 5.3.2. Emerging Player Analysis

6. LIFE SCIENCE ANALYTICS MARKET - BY TYPE

  • 6.1. Overview
    • 6.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
  • 6.2. Prescriptive
    • 6.2.1. Overview
    • 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.3. Descriptive
    • 6.3.1. Overview
    • 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.4. Reporting
    • 6.4.1. Overview
    • 6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.5. Predictive
    • 6.5.1. Overview
    • 6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

7. LIFE SCIENCE ANALYTICS MARKET - BY COMPONENT

  • 7.1. Overview
    • 7.1.1. Segment Share Analysis, By Component, 2019 & 2026 (%)
  • 7.2. Services
    • 7.2.1. Overview
    • 7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 7.3. Software
    • 7.3.1. Overview
    • 7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

8. LIFE SCIENCE ANALYTICS MARKET - BY DELIVERY

  • 8.1. Overview
    • 8.1.1. Segment Share Analysis, By Delivery, 2019 & 2026 (%)
  • 8.2. On-Premises
    • 8.2.1. Overview
    • 8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 8.3. On-Demand
    • 8.3.1. Overview
    • 8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

9. LIFE SCIENCE ANALYTICS MARKET - BY END USE

  • 9.1. Overview
    • 9.1.1. Segment Share Analysis, By End Use, 2019 & 2026 (%)
  • 9.2. Pharmacovigilance
    • 9.2.1. Overview
    • 9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 9.3. Supply Chain Analytics
    • 9.3.1. Overview
    • 9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 9.4. Sales and Marketing
    • 9.4.1. Overview
    • 9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 9.5. Research and Development
    • 9.5.1. Overview
    • 9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 9.6. Regulatory Compliance
    • 9.6.1. Overview
    • 9.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 9.7. Others
    • 9.7.1. Overview
    • 9.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

10. LIFE SCIENCE ANALYTICS MARKET- BY GEOGRAPHY

  • 10.1. Introduction
    • 10.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
  • 10.2. North America
    • 10.2.1. Overview
    • 10.2.2. Key Manufacturers in North America
    • 10.2.3. North America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
    • 10.2.4. North America Market Size and Forecast, By Type, 2015 - 2026 (US$ Million)
    • 10.2.5. North America Market Size and Forecast, By Delivery, 2015 - 2026 (US$ Million)
    • 10.2.6. North America Market Size and Forecast, By Component, 2015 - 2026 (US$ Million)
    • 10.2.7. North America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
    • 10.2.8. U.S.
      • 10.2.8.1. Overview
      • 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.2.9. Canada
      • 10.2.9.1. Overview
      • 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 10.3. Europe
    • 10.3.1. Overview
    • 10.3.2. Key Manufacturers in Europe
    • 10.3.3. Europe Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
    • 10.3.4. Europe Market Size and Forecast, By Type, 2015 - 2026 (US$ Million)
    • 10.3.5. Europe Market Size and Forecast, By Delivery, 2015 - 2026 (US$ Million)
    • 10.3.6. Europe Market Size and Forecast, By Component, 2015 - 2026 (US$ Million)
    • 10.3.7. Europe Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
    • 10.3.8. Germany
      • 10.3.8.1. Overview
      • 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.3.9. Italy
      • 10.3.9.1. Overview
      • 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.3.10. United Kingdom
      • 10.3.10.1. Overview
      • 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.3.11. France
      • 10.3.11.1. Overview
      • 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.3.12. Rest of Europe
      • 10.3.12.1. Overview
      • 10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 10.4. Asia Pacific (APAC)
    • 10.4.1. Overview
    • 10.4.2. Key Manufacturers in Asia Pacific
    • 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
    • 10.4.4. Asia Pacific Market Size and Forecast, By Type, 2015 - 2026 (US$ Million)
    • 10.4.5. Asia Pacific Market Size and Forecast, By Delivery, 2015 - 2026 (US$ Million)
    • 10.4.6. Asia Pacific Market Size and Forecast, By Component, 2015 - 2026 (US$ Million)
    • 10.4.7. Asia Pacific Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
    • 10.4.8. India
      • 10.4.8.1. Overview
      • 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.4.9. China
      • 10.4.9.1. Overview
      • 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.4.10. Japan
      • 10.4.10.1. Overview
      • 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.4.11. South Korea
      • 10.4.11.1. Overview
      • 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.4.12. Rest of APAC
      • 10.4.12.1. Overview
      • 10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 10.5. Latin America
    • 10.5.1. Overview
    • 10.5.2. Key Manufacturers in Latin America
    • 10.5.3. Latin America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
    • 10.5.4. Latin America Market Size and Forecast, By Type, 2015 - 2026 (US$ Million)
    • 10.5.5. Latin America Market Size and Forecast, By Delivery, 2015 - 2026 (US$ Million)
    • 10.5.6. Latin America Market Size and Forecast, By Component, 2015 - 2026 (US$ Million)
    • 10.5.7. Latin America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
    • 10.5.8. Brazil
      • 10.5.8.1. Overview
      • 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.5.9. Mexico
      • 10.5.9.1. Overview
      • 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.5.10. Argentina
      • 10.5.10.1. Overview
      • 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.5.11. Rest of LATAM
      • 10.5.11.1. Overview
      • 10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 10.6. Middle East and Africa
    • 10.6.1. Overview
    • 10.6.2. Key Manufacturers in Middle East and Africa
    • 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
    • 10.6.4. Middle East and Africa Market Size and Forecast, By Type, 2015 - 2026 (US$ Million)
    • 10.6.5. Middle East and Africa Market Size and Forecast, By Delivery, 2015 - 2026 (US$ Million)
    • 10.6.6. Middle East and Africa Market Size and Forecast, By Component, 2015 - 2026 (US$ Million)
    • 10.6.7. Middle East and Africa Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
    • 10.6.8. Saudi Arabia
      • 10.6.8.1. Overview
      • 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
    • 10.6.9. United Arab Emirates
      • 10.6.9.1. Overview
      • 10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

11. KEY VENDOR ANALYSIS

  • 11.1. Quintiles Inc.
    • 11.1.1. Company Snapshot
    • 11.1.2. Financial Performance
    • 11.1.3. Product Benchmarking
    • 11.1.4. Strategic Initiatives
  • 11.2. MaxisIT, Inc.
  • 11.3. SCIO Health Analytics
  • 11.4. Accenture
  • 11.5. IBM
  • 11.6. 3DHISTECH
  • 11.7. Saama Technologies
  • 11.8. Cognizant
  • 11.9. Oracle Corporation
  • 11.10. Wipro Limited
  • 11.11. SAS Institute, Inc.
  • 11.12. TAKE Solutions Limited
  • 11.13. IQVIA

12. 360 DEGREE ANALYSTVIEW

13. APPENDIX

  • 13.1. Research Methodology
  • 13.2. References
  • 13.3. Abbreviations
  • 13.4. Disclaimer
  • 13.5. Contact Us

List of Tables

  • TABLE List of data sources
  • TABLE Market drivers; Impact Analysis
  • TABLE Market restraints; Impact Analysis
  • TABLE Life Science Analytics market: Type Snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Type
  • TABLE Global Life Science Analytics market, by Type 2015-2026 (USD Million)
  • TABLE Life Science Analytics market: Delivery Snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Delivery
  • TABLE Global Life Science Analytics market, by Delivery 2015-2026 (USD Million)
  • TABLE Life Science Analytics market: Component Snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Component
  • TABLE Global Life Science Analytics market, by Component 2015-2026 (USD Million)
  • TABLE Life Science Analytics market: Application Snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Application
  • TABLE Global Life Science Analytics market, by Application 2015-2026 (USD Million)
  • TABLE Life Science Analytics market: Regional snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Region
  • TABLE Global Life Science Analytics market, by Region 2015-2026 (USD Million)
  • TABLE North America Life Science Analytics market, by Country, 2015-2026 (USD Million)
  • TABLE North America Life Science Analytics market, by Type, 2015-2026 (USD Million)
  • TABLE North America Life Science Analytics market, by Component, 2015-2026 (USD Million)
  • TABLE North America Life Science Analytics market, by Delivery, 2015-2026 (USD Million)
  • TABLE North America Life Science Analytics market, by Application, 2015-2026 (USD Million)
  • TABLE Europe Life Science Analytics market, by country, 2015-2026 (USD Million)
  • TABLE Europe Life Science Analytics market, by Type, 2015-2026 (USD Million)
  • TABLE Europe Life Science Analytics market, by Component, 2015-2026 (USD Million)
  • TABLE Europe Life Science Analytics market, by Delivery, 2015-2026 (USD Million)
  • TABLE Europe Life Science Analytics market, by Application, 2015-2026 (USD Million)
  • TABLE Asia Pacific Life Science Analytics market, by country, 2015-2026 (USD Million)
  • TABLE Asia Pacific Life Science Analytics market, by Type, 2015-2026 (USD Million)
  • TABLE Asia Pacific Life Science Analytics market, by Delivery, 2015-2026 (USD Million)
  • TABLE Asia Pacific Life Science Analytics market, by Component, 2015-2026 (USD Million)
  • TABLE Asia Pacific Life Science Analytics market, by Application, 2015-2026 (USD Million)
  • TABLE Latin America Life Science Analytics market, by country, 2015-2026 (USD Million)
  • TABLE Latin America Life Science Analytics market, by Type, 2015-2026 (USD Million)
  • TABLE Latin America Life Science Analytics market, by Delivery, 2015-2026 (USD Million)
  • TABLE Latin America Life Science Analytics market, by Component, 2015-2026 (USD Million)
  • TABLE Latin America Life Science Analytics market, by Application, 2015-2026 (USD Million)
  • TABLE Middle East and Africa Life Science Analytics market, by country, 2015-2026 (USD Million)
  • TABLE Middle East and Africa Life Science Analytics market, by Type, 2015-2026 (USD Million)

TABLE Middle East and Africa Life Science Analytics market, by Delivery, 2015-2026 (USD Million)

  • TABLE Middle East and Africa Life Science Analytics market, by Component, 2015-2026 (USD Million)
  • TABLE Middle East and Africa Life Science Analytics market, by Application, 2015-2026 (USD Million)
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