PUBLISHER: The Business Research Company | PRODUCT CODE: 1834005
PUBLISHER: The Business Research Company | PRODUCT CODE: 1834005
Life science software refers to specialized digital solutions designed to support and optimize activities within the life sciences sector, encompassing pharmaceuticals, biotechnology, medical devices, healthcare and clinical research. This software is used to manage vast volumes of complex biological, clinical and operational data, enabling organizations to improve decision-making, streamline research, maintain compliance and enhance patient outcomes.
The life science software market consists of sales, by entities (organizations, sole traders, or partnerships), of life science software that are used by researchers, scientists, healthcare providers, pharmaceutical companies and regulatory bodies. It is employed throughout the drug discovery and development process, in clinical trials, regulatory submissions, pharmacovigilance activities, supply chain operations and marketing functions.
The global life science software market was valued at $9,937.70 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 12.00%.
Expansion Of Clinical Trials And Outsourcing (CROs)
Expansion of clinical trials and outsourcing (CROs) propelled the growth of the life science software market during the historic period. The growth of clinical trials and the rising reliance on contract research organizations (CROs) are fueling demand for life science software. These activities require advanced solutions for trial management, data analysis and regulatory compliance, driving wider adoption of digital tools to enhance efficiency, accuracy and scalability in research. For instance, in November 2023, according to a report published by the Association of the British Pharmaceutical Industry (ABPI), a UK-based association, there were 394 trials in 2021; the clinical trial number increased to 411 in 2022. Additionally, in May 2023, according to Xtalks, a Canada-based company specializing in providing life science webinars and virtual events, there are 452,604 clinical studies that have been registered on ClinicalTrials.gov as of May 17, 2023. 64,838 studies out of the total number that have been registered are actively seeking participants, which is an increase of 365,000 registered trials in 2021. Therefore, expansion of clinical trials and outsourcing (CROs) propelled the growth of the life science software market.
Driving Digital Transformation In Life Sciences Through Next-Generation Software
Companies operating in the life science software market are focusing on creating next-generation solutions that drive digital transformation, enhance data integration and enable precision innovation across the pharmaceutical and biotechnology value chain. These companies are leveraging advanced technologies to address evolving needs in research, development and clinical practices. For instance, in June 2025, Tenthpin, a Switzerland-based boutique consulting and technology company, launched Tenthpin Solutions as a technology start-up dedicated to developing innovative and cutting-edge software solutions for the Life Sciences industry. The new company aims to revolutionize the sector by providing user-centric, data-driven systems that help pharmaceutical, biotech, medical technology and animal health companies adapt and innovate in a transforming digital landscape. Tenthpin Solutions focuses on deep industry expertise, excellent technology skills and superior user experience to support growth and innovation, working closely with Life Sciences companies through co-innovation models to precisely tailor solutions to market needs.
The global life science software market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 24.71% of the total market in 2024.
Life Science Software Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global life science software market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for life science software? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The life science software market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider life science software market; and compares it with other markets.