Life Science Analytics

Global Market Trajectory & Analytics

MCP13011

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COMPETITORS

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Responses Validated*

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DATE

APR 2021

TABLES

38

PAGES

112

EDITION

5

PRICE

USD $4950


  

HIGHLIGHTS

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$43.1 Billion by 2027, growing at a CAGR of 12.6% over the analysis period 2020-2027. 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 an early 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 Life Science Analytics market in the U.S. is estimated at US$5.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2027 trailing a CAGR of 12.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.
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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.2 Billion by the year 2027.

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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