PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930054
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930054
Life Science Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2025-2034
Growth Factors of life science analytics Market
The global life science analytics market was valued at USD 13.78 billion in 2025 and is projected to grow to USD 15 billion in 2026, ultimately reaching USD 35.7 billion by 2034, exhibiting a robust CAGR of 11.45% during the forecast period. North America led the market in 2025 with a 43.3% share, driven by high R&D investment, strong healthcare IT infrastructure, and widespread adoption of advanced analytics in clinical trials.
Life science analytics encompasses software, solutions, and analytical applications that enable pharmaceutical, biotechnology, and contract research organizations (CROs) to optimize drug discovery, clinical trials, personalized therapies, and operational efficiency. Major players in the market include Oracle Corporation, SAS Institute Inc., Accenture, Veeva Systems Inc., and IBM, among others. The growing adoption of AI, machine learning, and cloud-based analytics platforms is fueling market expansion.
For example, in October 2024, Oracle launched AI-powered Oracle Analytics Intelligence for life sciences, enabling faster insights from diverse data sources, thus accelerating the development of therapies with greater precision.
Market Dynamics
Growth Factors:
The increasing use of analytical tools in clinical trials is improving patient recruitment, real-time monitoring, and development of personalized therapies. Preclinical studies for efficacy, toxicity, and safety assessment are being accelerated using analytical platforms like SAS Life Science Analytics Framework and ClinACT, reducing both cost and time for drug development. Strategic partnerships such as Clarivate and VeriSIM Life (December 2023) and IQVIA's 'One Home for Sites' (June 2024) are further enhancing the efficiency of data analysis and clinical operations.
Additionally, the growing adoption of healthcare data management platforms in hospitals, coupled with rising healthcare expenditures, supports market growth. For instance, the U.S. National Healthcare Expenditure is projected to reach USD 6.3 trillion by 2028, driving demand for analytics platforms for regulatory compliance, cost-effectiveness assessment, and operational efficiency.
Restraints:
High implementation costs, which may range from USD 100,000 to USD 1.25 million, and concerns over data breaches are restraining adoption. Cloud-based analytics, while efficient, also pose cybersecurity risks. For example, the average cost of a mega data breach increased to USD 241 million in 2022, highlighting the importance of data security.
Opportunities:
Emerging markets present lucrative opportunities due to rising healthcare infrastructure and digitalization. Companies are investing in analytics solutions to penetrate untapped regions such as India, China, and Africa. For instance, PBR Life Sciences (December 2024) secured USD 1 million funding to expand healthcare analytics tools in Africa.
Challenges:
Data integration complexities, shortage of skilled professionals, and stringent regulatory compliance requirements remain challenges in deploying life science analytics tools across global operations.
Market Segmentation
By Type: Services dominated with a 61.7% share in 2026, driven by widespread adoption in clinical trials, drug development, and regulatory compliance. Software & solutions are expected to grow steadily, supported by innovations such as Axtria's AI-driven solutions (March 2024).
By Delivery: On-demand/cloud services led with 53.08% share in 2026, fueled by adoption in pharmaceutical companies and CROs, enabling streamlined operations and faster clinical trial analysis.
By Application: Clinical research analytics held a 53.44% share in 2026, driven by adoption in drug development, clinical trials, and research. Commercial analytics, personalized therapy, and supply chain analytics segments are also experiencing growth due to rising demand for precision medicine and operational efficiency.
By End-Users: Pharma & biotech companies dominated with a 40.09% share in 2026, owing to continuous investment in R&D. CROs and medical device companies are witnessing substantial growth, particularly with increasing adoption of personalized medicine and analytics solutions.
Regional Insights
North America led with USD 5.97 billion in 2025, projected to reach USD 5.95 billion in 2026, driven by established R&D centers and adoption of analytical tools. Europe follows with strong funding for healthcare analytics; the UK market is projected at USD 0.86 billion in 2026, Germany at USD 1.01 billion. Asia Pacific is expected to register the highest growth, supported by emerging healthcare infrastructure, clinical trials, and investments in India, China, and Japan. Latin America shows steady growth, while the Middle East & Africa grow slower due to limited adoption but emerging investment opportunities.
Competitive Landscape
Key players include Oracle, Accenture, SAS Institute, IQVIA, Veeva Systems, and IBM, focusing on collaborations, acquisitions, and technological innovations to expand market share. Notable developments include Accenture's acquisition of consus.health (August 2024) and Oracle's CancerMPact service (September 2024) for global cancer treatment trend analysis.
Conclusion
The global life science analytics market is on a strong growth trajectory, expanding from USD 13.78 billion in 2025 to USD 15 billion in 2026 and expected to reach USD 35.7 billion by 2034 at a CAGR of 11.45%. The market is driven by the growing adoption of AI, cloud services, and advanced analytics in pharma, biotech, and CROs for drug development, clinical research, and personalized medicine. North America continues to lead, while Asia Pacific offers the fastest growth potential. Despite challenges such as high implementation costs, data integration issues, and regulatory compliance, technological innovations, strategic partnerships, and the rising demand for cloud-based services and personalized therapies are poised to sustain market expansion and transform the life sciences industry globally.
Segmentation By Type
- Software & Solutions
- Services
By Delivery
- On-premise
- On-demand
By Application
- Commercial Analytics
- Personalized Therapy
- Clinical Research Analytics
- Supply Chain Analytics
By End User
- Medical Device Companies
- Pharma & Biotech Companies
- Contract Research Organizations
- Others
By Region
- North America (By Type, By Delivery, By Application, By End Users, By Country)
- U.S.
- Canada
- Europe (By Type, By Delivery, By Application, By End Users, By Country/Sub-Region)
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific (By Type, By Delivery, By Application, By End Users, By Country/Sub-Region)
- Japan
- China
- India
- Australia
- South Korea
- Rest of the Asia Pacific
- Latin America (By Type, By Delivery, By Application, By End Users, By Country/Sub-Region)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Type, By Delivery, By Application, By End Users, By Country/Sub-Region)
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
4. Key Insights
- 4.1. Technological Advancements in Life Science Analytics
- 4.2. Key Industry Developments- Mergers, Acquisitions & Partnerships
- 4.3. New Product Launches
- 4.4. Impact of COVID-19 on the Market
5. Global Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 5.1. Market Analysis, Insights and Forecast - By Type
- 5.1.1. Software & Solutions
- 5.1.2. Services
- 5.2. Market Analysis, Insights and Forecast - By Delivery
- 5.2.1. On-premise
- 5.2.2. On-demand
- 5.3. Market Analysis, Insights and Forecast - By Application
- 5.3.1. Commercial Analytics
- 5.3.2. Personalized Therapy
- 5.3.3. Clinical Research Analytics
- 5.3.4. Supply Chain Analytics
- 5.4. Market Analysis, Insights and Forecast - By End User
- 5.4.1. Medical Device Companies
- 5.4.2. Pharma & Biotech Companies
- 5.4.3. Contract Research Organizations
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East and Africa
6. North America Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1. Software & Solutions
- 6.1.2. Services
- 6.2. Market Analysis, Insights and Forecast - By Delivery
- 6.2.1. On-premise
- 6.2.2. On-demand
- 6.3. Market Analysis, Insights and Forecast - By Application
- 6.3.1. Commercial Analytics
- 6.3.2. Personalized Therapy
- 6.3.3. Clinical Research Analytics
- 6.3.4. Supply Chain Analytics
- 6.4. Market Analysis, Insights and Forecast - By End User
- 6.4.1. Medical Device Companies
- 6.4.2. Pharma & Biotech Companies
- 6.4.3. Contract Research Organizations
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast - By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1. Software & Solutions
- 7.1.2. Services
- 7.2. Market Analysis, Insights and Forecast - By Delivery
- 7.2.1. On-premise
- 7.2.2. On-demand
- 7.3. Market Analysis, Insights and Forecast - By Application
- 7.3.1. Commercial Analytics
- 7.3.2. Personalized Therapy
- 7.3.3. Clinical Research Analytics
- 7.3.4. Supply Chain Analytics
- 7.4. Market Analysis, Insights and Forecast - By End User
- 7.4.1. Medical Device Companies
- 7.4.2. Pharma & Biotech Companies
- 7.4.3. Contract Research Organizations
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast - By Country/ Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
8. Asia Pacific Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1. Software & Solutions
- 8.1.2. Services
- 8.2. Market Analysis, Insights and Forecast - By Delivery
- 8.2.1. On-premise
- 8.2.2. On-demand
- 8.3. Market Analysis, Insights and Forecast - By Application
- 8.3.1. Commercial Analytics
- 8.3.2. Personalized Therapy
- 8.3.3. Clinical Research Analytics
- 8.3.4. Supply Chain Analytics
- 8.4. Market Analysis, Insights and Forecast - By End User
- 8.4.1. Medical Device Companies
- 8.4.2. Pharma & Biotech Companies
- 8.4.3. Contract Research Organizations
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast - By Country/ Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. South Korea
- 8.5.6. Rest of Asia Pacific
9. Latin America Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1. Software & Solutions
- 9.1.2. Services
- 9.2. Market Analysis, Insights and Forecast - By Delivery
- 9.2.1. On-premise
- 9.2.2. On-demand
- 9.3. Market Analysis, Insights and Forecast - By Application
- 9.3.1. Commercial Analytics
- 9.3.2. Personalized Therapy
- 9.3.3. Clinical Research Analytics
- 9.3.4. Supply Chain Analytics
- 9.4. Market Analysis, Insights and Forecast - By End User
- 9.4.1. Medical Device Companies
- 9.4.2. Pharma & Biotech Companies
- 9.4.3. Contract Research Organizations
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast - By Country/ Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
10. Middle East & Africa Life Science Analytics Market Analysis, Insights and Forecast, 2021-2034
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1. Software & Solutions
- 10.1.2. Services
- 10.2. Market Analysis, Insights and Forecast - By Delivery
- 10.2.1. On-premise
- 10.2.2. On-demand
- 10.3. Market Analysis, Insights and Forecast - By Application
- 10.3.1. Commercial Analytics
- 10.3.2. Personalized Therapy
- 10.3.3. Clinical Research Analytics
- 10.3.4. Supply Chain Analytics
- 10.4. Market Analysis, Insights and Forecast - By End User
- 10.4.1. Medical Device Companies
- 10.4.2. Pharma & Biotech Companies
- 10.4.3. Contract Research Organizations
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast - By Country/ Sub-region
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Global Market Share Analysis (2025)
- 11.2. Company Profiles
- 11.2.1. SAS Institute Inc.
- 11.2.1.1. Overview
- 11.2.1.2. SWOT Analysis
- 11.2.1.3. Recent Developments
- 11.2.1.4. Strategies
- 11.2.1.5. financials (Based on Availability)
- 11.2.2. Accenture
- 11.2.2.1. Overview
- 11.2.2.2. SWOT Analysis
- 11.2.2.3. Recent Developments
- 11.2.2.4. Strategies
- 11.2.2.5. financials (Based on Availability)
- 11.2.3. Veeva Systems
- 11.2.3.1. Overview
- 11.2.3.2. SWOT Analysis
- 11.2.3.3. Recent Developments
- 11.2.3.4. Strategies
- 11.2.3.5. financials (Based on Availability)
- 11.2.4. IBM
- 11.2.4.1. Overview
- 11.2.4.2. SWOT Analysis
- 11.2.4.3. Recent Developments
- 11.2.4.4. Strategies
- 11.2.4.5. financials (Based on Availability)
- 11.2.5. Oracle
- 11.2.5.1. Overview
- 11.2.5.2. SWOT Analysis
- 11.2.5.3. Recent Developments
- 11.2.5.4. Strategies
- 11.2.5.5. financials (Based on Availability)
- 11.2.6. Analytics8
- 11.2.6.1. Overview
- 11.2.6.2. SWOT Analysis
- 11.2.6.3. Recent Developments
- 11.2.6.4. Strategies
- 11.2.6.5. financials (Based on Availability)
- 11.2.7. IQVIA Inc
- 11.2.7.1. Overview
- 11.2.7.2. SWOT Analysis
- 11.2.7.3. Recent Developments
- 11.2.7.4. Strategies
- 11.2.7.5. financials (Based on Availability)
- 11.2.8. Other Prominent Players
- 11.2.8.1. Overview
- 11.2.8.2. SWOT Analysis
- 11.2.8.3. Recent Developments
- 11.2.8.4. Strategies
- 11.2.8.5. financials (Based on Availability)
- 11.2.1. SAS Institute Inc.
List of Tables
- Table 01: Global Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 02: Global Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 03: Global Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 04: Global Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 05: Global Life Science Analytics Market Revenue (USD billion) Forecast, By Region, 2021-2034
- Table 06: North America Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 07: North America Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 08: North America Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 09: North America Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 10: North America Life Science Analytics Market Revenue (USD billion) Forecast, By Country, 2021-2034
- Table 11: Europe Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 12: Europe Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 13: Europe Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 14: Europe Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 15: Europe Life Science Analytics Market Revenue (USD billion) Forecast, By Country/Sub-region, 2021-2034
- Table 16: Asia Pacific Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 17: Asia Pacific Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 18: Asia Pacific Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 19: Asia Pacific Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 20: Asia Pacific Life Science Analytics Market Revenue (USD billion) Forecast, By Country/Sub-region, 2021-2034
- Table 21: Latin America Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 22: Latin America Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 23: Latin America Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 24: Latin America Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 25: Latin America Life Science Analytics Market Revenue (USD billion) Forecast, By Country/Sub-region, 2021-2034
- Table 26: Middle East & Africa Life Science Analytics Market Revenue (USD billion) Forecast, By Type, 2021-2034
- Table 27: Middle East & Africa Life Science Analytics Market Revenue (USD billion) Forecast, By Delivery, 2021-2034
- Table 28: Middle East & Africa Life Science Analytics Market Revenue (USD billion) Forecast, By Application, 2021-2034
- Table 29: Middle East & Africa Life Science Analytics Market Revenue (USD billion) Forecast, By End User, 2021-2034
- Table 30: Middle East & Africa Life Science Analytics Market Revenue (USD billion) Forecast, By Country/Sub-region, 2021-2034
List of Figures
- Figure 01: Global Life Science Analytics Market Revenue Breakdown (USD billion, %) by Region, 2025 & 2034
- Figure 02: Global Life Science Analytics Market Revenue Share (%), By Type, 2025 & 2034
- Figure 03: Global Life Science Analytics Market Revenue Share (%), By Delivery, 2025 & 2034
- Figure 04: Global Life Science Analytics Market Revenue Share (%), By Application, 2025 & 2034
- Figure 05: Global Life Science Analytics Market Revenue Share (%), By End User, 2025 & 2034
- Figure 06: Global Life Science Analytics Market Value (USD billion), By Region, 2025 & 2034
- Figure 07: North America Life Science Analytics Market Value (USD billion), by Type, 2025 & 2034
- Figure 08: North America Life Science Analytics Market Value Share (%), by Type, 2025
- Figure 09: North America Life Science Analytics Market Value (USD billion), by Delivery, 2025 & 2034
- Figure 10: North America Life Science Analytics Market Value Share (%), by Delivery, 2025
- Figure 11: North America Life Science Analytics Market Value (USD billion), by Application, 2025 & 2034
- Figure 12: North America Life Science Analytics Market Value Share (%), by Application, 2025
- Figure 13: North America Life Science Analytics Market Value (USD billion), by End User, 2025 & 2034
- Figure 14: North America Life Science Analytics Market Value Share (%), by End User, 2025
- Figure 15: North America Life Science Analytics Market Value (USD billion), by Country, 2025 & 2034
- Figure 16: North America Life Science Analytics Market Value Share (%), by Country, 2025
- Figure 17: Europe Life Science Analytics Market Value (USD billion), by Type, 2025 & 2034
- Figure 18: Europe Life Science Analytics Market Value Share (%), by Type, 2025
- Figure 19: Europe Life Science Analytics Market Value (USD billion), by Delivery, 2025 & 2034
- Figure 20: Europe Life Science Analytics Market Value Share (%), by Delivery, 2025
- Figure 21: Europe Life Science Analytics Market Value (USD billion), by Application, 2025 & 2034
- Figure 22: Europe Life Science Analytics Market Value Share (%), by Application, 2025
- Figure 23: Europe Life Science Analytics Market Value (USD billion), by End User, 2025 & 2034
- Figure 24: Europe Life Science Analytics Market Value Share (%), by End User, 2025
- Figure 25: Europe Life Science Analytics Market Value (USD billion), by Country/Sub-region, 2025 & 2034
- Figure 26: Europe Life Science Analytics Market Value Share (%), by Country/Sub-region, 2025
- Figure 27: Asia Pacific Life Science Analytics Market Value (USD billion), by Type, 2025 & 2034
- Figure 28: Asia Pacific Life Science Analytics Market Value Share (%), by Type, 2025
- Figure 29: Asia Pacific Life Science Analytics Market Value (USD billion), by Delivery, 2025 & 2034
- Figure 30: Asia Pacific Life Science Analytics Market Value Share (%), by Delivery, 2025
- Figure 31: Asia Pacific Life Science Analytics Market Value (USD billion), by Application, 2025 & 2034
- Figure 32: Asia Pacific Life Science Analytics Market Value Share (%), by Application, 2025
- Figure 33: Asia Pacific Life Science Analytics Market Value (USD billion), by End User, 2025 & 2034
- Figure 34: Asia Pacific Life Science Analytics Market Value Share (%), by End User, 2025
- Figure 35: Asia Pacific Life Science Analytics Market Value (USD billion), by Country/Sub-region, 2025 & 2034
- Figure 36: Asia Pacific Life Science Analytics Market Value Share (%), by Country/Sub-region, 2025
- Figure 37: Latin America Life Science Analytics Market Value (USD billion), by Type, 2025 & 2034
- Figure 38: Latin America Life Science Analytics Market Value Share (%), by Type, 2025
- Figure 39: Latin America Life Science Analytics Market Value (USD billion), by Delivery, 2025 & 2034
- Figure 40: Latin America Life Science Analytics Market Value Share (%), by Delivery, 2025
- Figure 41: Latin America Life Science Analytics Market Value (USD billion), by Application, 2025 & 2034
- Figure 42: Latin America Life Science Analytics Market Value Share (%), by Application, 2025
- Figure 43: Latin America Life Science Analytics Market Value (USD billion), by End User, 2025 & 2034
- Figure 44: Latin America Life Science Analytics Market Value Share (%), by End User, 2025
- Figure 45: Latin America Life Science Analytics Market Value (USD billion), by Country/Sub-region, 2025 & 2034
- Figure 46: Latin America Life Science Analytics Market Value Share (%), by Country/Sub-region, 2025
- Figure 47: Middle East & Africa Life Science Analytics Market Value (USD billion), by Type, 2025 & 2034
- Figure 48: Middle East & Africa Life Science Analytics Market Value Share (%), by Type, 2025
- Figure 49: Middle East & Africa Life Science Analytics Market Value (USD billion), by Delivery, 2025 & 2034
- Figure 50: Middle East & Africa Life Science Analytics Market Value Share (%), by Delivery, 2025
- Figure 51: Middle East & Africa Life Science Analytics Market Value (USD billion), by Application, 2025 & 2034
- Figure 52: Middle East & Africa Life Science Analytics Market Value Share (%), by Application, 2025
- Figure 53: Middle East & Africa Life Science Analytics Market Value (USD billion), by End User, 2025 & 2034
- Figure 54: Middle East & Africa Life Science Analytics Market Value Share (%), by End User, 2025
- Figure 55: Middle East & Africa Life Science Analytics Market Value (USD billion), by Country/Sub-region, 2025 & 2034
- Figure 56: Middle East & Africa Life Science Analytics Market Value Share (%), by Country/Sub-region, 2025
- Figure 57: Global Life Science Analytics Market Share (%), 2025
