Global Life Science Analytics Market

Global Life Science Analytics Market, Trends, and Analysis with COVID Impact- Forecasts 2026 By Component (Services, Software), By Delivery Model (On-Premise Delivery Model, On-Demand Model), By Type (Descriptive Analytics, Predictive Analytics), By Application (Research & Development, Sales &marketing, Pharmacovigilance, Regulatory Compliance, Supply Chain Optimization), By End User (Medical Device Companies, Research Centers, Third Party Administrators, Pharmaceutical & Biotechnology Companies), By Region (North America, Asia-Pacific, Middle East & Africa, Europe, CSA), End-User Landscape and Company Market Share Analysis and Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Life Science Analytics Market Insights

The life science analytics market is expected to witness peak growth during the forecast period. The life science analytics improve data collection lags, helps to secure data through governance and infrastructure among others. It enables the researchers in analysing the drug results and comparing the clinical trials. The manifestation of analytics leads to the detection of treatment patterns, and also in the achievement of excellence in operating efficiency. Such factors will lead to high market demand during the forecast period. As COVID-19 patients increases and the need for effective management of healthcare records will lead to high demand for the analytics in the market.

Life Science Analytics Market: By Component

Based on the component, the market is bifurcated into software and services. The software segment will be the fastest-growing segment in this market. The software such as SAS enables the hospitals to meet digital health and helps in the commercializing of therapies. Also, the tableau software is used by researchers to manage the high-volume assays, and marketers to get information about physicians, geography, sales, and prescriptions. Such benefits will lead to high segment growth in the market.

Life Science Analytics Market: By Delivery Model

Given the delivery mode, the market is analyzed into on-demand and on-premise. The on-demand delivery model will rapidly grow during the forecast period. This type of delivery model is convenient and accessible to patients. The growing demand for online pharmacies, point of care diagnostics, and remote monitoring will augment the segment growth during the forecast period.

Life Science Analytics Market: By Type

Based on the type, the market is bifurcated into the descriptive and predictive analysis. The predictive analysis segment will witness a high peak of growth in this market. These analyses enable life science to run the business models based on evidence, tend to improve patients outcomes, and lead to economic gains across the healthcare delivery system. All these benefits drive the segment growth in the market.

Life Science Analytics Market: By Application

Based on the application, the market is bifurcated into research & development, sales & marketing, pharmacovigilance, and others. The marketing and sales segment is expected to grow rapidly during the forecast period. Sales and marketing help the life science industry in new product launches, integrate the marketing initiative across multiple channels of the industry, make the sale activities easy and lead to optimization of revenue. The regulatory compliance segment will be the fastest-growing segment in this due to the increasing role of the third party to offer strategies at all phases of the regulatory compliance cycle.

Life Science Analytics Market: By End User Industry

Based on the end-user industry, the market is bifurcated into medical device companies, research centers, third party administrators, and pharmaceutical & biotechnology companies. The pharmaceutical & biotechnology companies are expected to have the largest market penetration during the forecast period. Pharma intelligence helps the biotechnology companies to make an informed decision, and provide them access to competitor and market data.

Life Science Analytics Market

Life Science Analytics Market: By Region

Based on the region, the market is bifurcated into Asia-Pacific, North America, Europe, Middle East & Africa, and CSA. The Asia-Pacific region is expected to have the largest market penetration during the forecast period. The technological changes in the life science industry in India, rising cases of COVID-19, and exponential growth in the life science industry will drive the growth of the market in the region. North America is expected to witness the peak of growth in this market. The spike in the COVID-19 case in the region has put the life science and the healthcare industry at the forefront leading to high demand for the market in the region.

Life Science Analytics Market Share and Competitive Analysis

Some of the key players operating in the market include ClinACT, SPACE, DMSphere, TAKE Solutions, ValueLabs, Wipro, SG Analytics, IBM, Infosys, Sarla Technologies, VMK Software Solutions, Pwc India, Edkla Technologies, Medimix International, Ropes &Gray, and Scriplogix among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In October 2019, Medimix International was recognized as the top 10 analytics solution provider to life science and pharma industry in the European market.

Check the Press Release on Global Life Science Analytics Market Report

Life Science Analytics Market: By Component

Introduction
1. Life Science Analytics Market, By Component, 2018-2026 (USD Million)
Services
1. Services: Life Science Analytics Market, 2018-2026 (USD Million)
Software
1. Software: Life Science Analytics Market, 2018-2026 (USD Million)

Life Science Analytics Market: By Delivery Model

Introduction
1. Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
On-Premise Delivery Model
1. On-Premise Delivery Model: Life Science Analytics Market, 2018-2026 (USD Million)
On-Demand Model
1. On-Demand Model: Life Science Analytics Market, 2018-2026 (USD Million)

Life Science Analytics Market: By Type

Introduction
1. Life Science Analytics Market, By Type, 2018-2026 (USD Million)
Descriptive Analytics
1. Descriptive Analytics: Life Science Analytics Market, 2018-2026 (USD Million)
Predictive Analytics
1. Predictive Analytics: Life Science Analytics Market, 2018-2026 (USD Million)

Life Science Analytics Market: By End User

Introduction
1. Life Science Analytics Market, By End User, 2018-2026 (USD Million)
Medical Device Companies
1. Medical Device Companies: Life Science Analytics Market, 2018-2026 (USD Million)
Research Centers
1. Research Centers: Life Science Analytics Market, 2018-2026 (USD Million)
Third Party Administrators
1. Third Party Administrators: Life Science Analytics Market, 2018-2026 (USD Million)
Pharmaceutical & Biotechnology Companies
1. Pharmaceutical & Biotechnology Companies: Life Science Analytics Market, 2018-2026 (USD Million)

Life Science Analytics Market: By Application

Introduction
1. Life Science Analytics Market, By Application, 2018-2026 (USD Million)
Research &Development
1. Research &Development: Life Science Analytics Market, 2018-2026 (USD Million)
Sales &marketing
1. Sales &marketing: Life Science Analytics Market, 2018-2026 (USD Million)
Pharmacovigilance
1. Pharmacovigilance: Life Science Analytics Market, 2018-2026 (USD Million)
Regulatory Compliance
1. Regulatory Compliance: Life Science Analytics Market, 2018-2026 (USD Million)
Supply Chain Optimization
1. Supply Chain Optimization: Life Science Analytics Market, 2018-2026 (USD Million)

Life Science Analytics Market: By Region

Introduction
1. Global Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. North America Life Science Analytics Market, By Component, 2018-2026 (USD Million)
  2. By Delivery Model
    1. North America Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
  3. By Type
    1. North America Life Science Analytics Market, By Type, 2018-2026 (USD Million)
  4. By End User
    1. North America Life Science Analytics Market, By End User, 2018-2026 (USD Million)
  5. By Application
    1. North America Life Science Analytics Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. U.S
      1. By Component
        
        U.S Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        U.S Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        U.S Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        U.S Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        U.S Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Canada Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Canada Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Canada Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Canada Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Mexico Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Mexico Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Mexico Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Mexico Life Science Analytics Market, By Application, 2018-2026 (USD Million)
Europe
1. Europe Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Europe Life Science Analytics Market, By Component, 2018-2026 (USD Million)
  2. By Delivery Model
    1. Europe Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
  3. By Type
    1. Europe Life Science Analytics Market, By Type, 2018-2026 (USD Million)
  4. By End User
    1. Europe Life Science Analytics Market, By End User, 2018-2026 (USD Million)
  5. By Application
    1. Europe Life Science Analytics Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Germany
      1. By Component
        
        Germany Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Germany Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Germany Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Germany Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Germany Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        UK Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        UK Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        UK Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        UK Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    3. France
      1. By Component
        
        France Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        France Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        France Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        France Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        France Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Italy Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Italy Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Italy Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Italy Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    5. Spain
      1. By Component
        
        Spain Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Spain Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Spain Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Spain Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Spain Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Component
        
        Rest Of Europe Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Rest Of Europe Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Rest Of Europe Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Rest Of Europe Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Rest Of Europe Life Science Analytics Market, By Application, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Asia Pacific Life Science Analytics Market, By Component, 2018-2026 (USD Million)
  2. By Delivery Model
    1. Asia Pacific Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
  3. By Type
    1. Asia Pacific Life Science Analytics Market, By Type, 2018-2026 (USD Million)
  4. By End User
    1. Asia Pacific Life Science Analytics Market, By End User, 2018-2026 (USD Million)
  5. By Country
    1. China
      1. By Component
        
        China Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        China Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        China Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        China Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        China Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Japan Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Japan Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Japan Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Japan Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    3. India
      1. By Component
        
        India Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        India Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        India Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        India Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        India Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        South Korea Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        South Korea Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        South Korea Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        South Korea Life Science Analytics Market, By Application, 2018-2026 (USD Million)
Central & South America
1. Central & South America Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Central & South America Life Science Analytics Market, By Component, 2018-2026 (USD Million)
  2. By Delivery Model
    1. Central & South America Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
  3. By Type
    1. Central & South America Life Science Analytics Market, By Type, 2018-2026 (USD Million)
  4. By End User
    1. Central & South America Life Science Analytics Market, By End User, 2018-2026 (USD Million)
  5. By Application
    1. Central & South America Life Science Analytics Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Brazil
      1. By Component
        
        Brazil Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Brazil Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Brazil Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Brazil Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Brazil Life Science Analytics Market, By Application, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Life Science Analytics Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Middle East & Africa Life Science Analytics Market, By Component, 2018-2026 (USD Million)
  2. By Delivery Model
    1. Middle East & Africa Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
  3. By Type
    1. Middle East & Africa Life Science Analytics Market, By Type, 2018-2026 (USD Million)
  4. By End User
    1. Middle East & Africa Life Science Analytics Market, By End User, 2018-2026 (USD Million)
  5. By Application
    1. Middle East & Africa Life Science Analytics Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Saudi Arabia
      1. By Component
        
        Saudi Arabia Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        Saudi Arabia Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        Saudi Arabia Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        Saudi Arabia Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        Saudi Arabia Life Science Analytics Market, By Application, 2018-2026 (USD Million)
    2. UAE
      1. By Component
        
        UAE Life Science Analytics Market, By Component, 2018-2026 (USD Million)
      2. By Delivery Model
        
        UAE Life Science Analytics Market, By Delivery Model, 2018-2026 (USD Million)
      3. By Type
        
        UAE Life Science Analytics Market, By Type, 2018-2026 (USD Million)
      4. By End User
        
        UAE Life Science Analytics Market, By End User, 2018-2026 (USD Million)
      5. By Application
        
        UAE Life Science Analytics Market, By Application, 2018-2026 (USD Million)

The global Life Science Analytics Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Life Science Analytics Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Life Science Analytics Market.

Life Science Analytics Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Life Science Analytics Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Life Science Analytics Market