Life Science Analytics

Global Market Trajectory & Analytics

MCP13011

EXECUTIVE ENGAGEMENTS

POOL

23999
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

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PARTICIPANTS

482
Unique # Participated

VALIDATIONS

81
Responses Validated*

COMPANIES

44
Responses Validated*
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DATE

APR 2021

TABLES

38

PAGES

112

EDITION

5

PRICE

USD 4950

CODE

MCP13011


COMPETITIVE METRICS

COMPANY

D S N T

% *

Accenture PLC

Cognizant Technology Solutions U.S. Corporation

IBM Corporation

IQVIA

MaxisIT Inc.

Oracle Corporation

SAS Institute, Inc.

SCIO Health Analytics, an EXL company

TAKE Solutions

Wipro Ltd.

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HIGHLIGHTS & REPORT INDEX

Global Life Science Analytics Market to Reach $38.6 Billion by 2026

Amid the COVID-19 crisis, the global market for Life Science Analytics estimated at US$18.8 Billion in the year 2020, is projected to reach a revised size of US$38.6 Billion by 2026, growing at a CAGR of 12.6% over the analysis period. Descriptive, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$15.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Prescriptive segment is readjusted to a revised 14.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.4 Billion in 2021, While China is Forecast to Reach $6.8 Billion by 2026

The Life Science Analytics market in the U.S. is estimated at US$6.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2026 trailing a CAGR of 12.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Predictive Segment to Reach US$10.3 Billion by the year 2026

In the global Predictive segment, USA, Canada, Japan, China and Europe will drive the 12.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4 Billion in the year 2020 will reach a projected size of US$9.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

Accenture PLC; Cognizant Technology Solutions Corporation; IBM Corporation; IQVIA; MaxisIT Inc.; Oracle Corporation; SAS Institute, Inc.; SCIO Health Analytics, an EXL company; TAKE Solutions; Wipro Ltd.

SEGMENTS

» Type (Descriptive, Prescriptive, Predictive)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic & Looming Global Recession
An Introduction to Life Science Analytics
Global Market Prospects & Outlook
Descriptive Analytics: The Largest Segment
Sales & Marketing Application Poised for High Growth
China & Asia-Pacific to Spearhead Future Market Growth
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Technology Advancements Fuel Market Growth
Rising Relevance of Big Data Analytics to Improve Productivity in Life Science Industry
Analytics Solutions Find Increasing Adoption in Clinical Trials
Rise in Pharmaceutical R&D Spending to Boost Adoption of Analytics in Clinical Research Institutions
EXHIBIT: Pharmaceutical R&D Spending (in US$ Billion) for 2010-2020
EXHIBIT: Leading Pharmaceutical Companies Ranked by R&D Spending
AI, ML & Big Data Transform Clinical Trials Market
Increasing Prevalence of Chronic Diseases Boosts Market Prospects
Need to Curb Surging Healthcare Spending & Improve Patient Outcomes Enhance Importance of Analytics
Growing Use of Analytics in Personalized and Precision Medicine: A Major Growth Opportunity
EXHIBIT: Global Precision Medicine Market Size (US$ Billion) for the Years 2019, 2022 and 2025
Need for Better Data Standardization Spurs Need for Analytics Solutions in Life Science Industry
Rising Prominence of Value-Based Medicine Presents Opportunity for Market Growth
High Implementation Costs, Privacy Concerns & Workforce Shortage: Key Challenges for the Market
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Life Science Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Life Science Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Descriptive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Descriptive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Prescriptive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Prescriptive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Predictive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Predictive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
JAPAN
Japan Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
CHINA
China Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
EUROPE
Europe Current & Future Analysis for Life Science Analytics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Life Science Analytics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
FRANCE
France Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Life Science Analytics by Type - Descriptive, Prescriptive and Predictive - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Life Science Analytics by Type - Percentage Breakdown of Value Sales for Descriptive, Prescriptive and Predictive for the Years 2020 & 2027
Total Companies Profiled: 44

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