Study on Global Lifesciences Data Mining and Visualization Market Highlights Key Development Factors and Upcoming Trends During forecast Till 2026

Posted on 2018-12-05 by Mark Hub in Healthcare // 0 Comments

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Rockville, US, 2018-Dec-05 — /EPR Network/ — Data mining, which is intensively and extensively being utilized by several organizations, is gaining high popularity in the life sciences sector, albeit the degree of essentiality is moderate. Data mining applications have significantly benefitted industries, for example – insurers can detect abuse and fraud, lifesciences companies can make better decisions apropos to customer relationship management, physicians can identify best practices and effective treatment options, and patients are enabled to receive affordable and improved healthcare services. With huge amount of complex data generated by the transactions related to life sciences companies, processing and analyzing this data becomes voluminous by traditional methods. With the help of data mining’s methodology and technology, the process of transforming the complex data into useful information is facilitated.

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As the lifesciences industry continues to evolve, optimizing effectiveness of capital investment decisions is gaining paramount importance among life sciences industries. Decisions concerning facility function and location are indispensable, as proximity to services plays an imperative role in growth of the industry. Lifescience data visualization is therefore gaining huge momentum with its provision of application-specific data along with infographics. As lifescience data visualization facilitates understanding of the complex data’s graphical representation, companies are leveraging the technology for making improvements in facilities. One of the latest trend observed in the market is increasing importance of sharing life science data visualization in a bid to enable discerning of results in a format that is easy to understand.

The global healthcare data mining & visualization market has been slated to reflect a spectacular rise between the forecast period 2017 and 2026. The market has been estimated to surpass US$ 6,000 Mn in revenues by 2026-end.

Companies Leveraging Lifesciences Data Visualization to Make Improvements in their Facilities

With the business of lifesciences witnessing continuous evolution, optimizing effectiveness of decisions related to capital investment is gaining paramount importance within the industries. The decisions apropos to facility function & location are indispensable, mainly because proximity to services plays pivotal role. Lifescience data visualization has therefore been gaining huge momentum along with its provision of the application-specific data and infographics. Lifescience data visualization facilitates better understanding of complex data’s graphical representation, which has led companies to capitalize on the technology with an aim to make improvements in their facilities. A popular trend witnessed in the market is increasing importance of sharing lifescience data visualization in a bid to enable discerning of results in a format that is easy to understand.

Data mining is intensively & extensively being utilized by several lifesciences organizations, and is gaining immense popularity in the industry, although the degree of essentiality has been moderate. The data mining applications significantly benefit the lifesciences companies, for example, these organizations can make correct decisions associated with customer relationship management, thereby enabling physicians in identifying best practices as well as effective treatment options. Patients are provided with affordable & improved healthcare services. Huge amount of highly complex data created by transactions apropos to the lifesciences industry entails challenges such as processing and analyzing the voluminous data by using traditional methods. However, with the help of methodology and technology of data mining, the process of transforming this complex data into a useful intelligence is facilitated.

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North America to Account for Largest Revenues in the Market

Revenues from the market for lifesciences data mining and visualization in North America will remain significantly larger than those obtained from the market in all the other regional segments combined. Apart from North America, Europe will also prevail as a lucrative market for lifesciences data mining and visualization market.

On the basis of customer segment, pharmaceuticals will witness the fastest expansion in the market during 2017 to 2026. In addition, revenues from academia and diagnostics & screening will increase at an approximately equal CAGR through 2026. Sales & marketing will endure as the most lucrative among solution type segments, trailed by operations and supply chain.

Table of content:

Global Economic Outlook
Global Lifesciences Data Mining and Visualization Market – Executive Summary
2.1. Opportunity Analysis
2.2. Megatrends
Global Lifesciences Data Mining and Visualization Market Overview
3.1. Introduction
3.1.1. Global Lifesciences Data Mining and Visualization Market Taxonomy
3.1.2. Global Lifesciences Data Mining and Visualization Market Definition
3.2. Global Lifesciences Data Mining and Visualization Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Lifesciences Data Mining and Visualization Market Y-o-Y Growth
3.3. Global Lifesciences Data Mining and Visualization Market Dynamics
3.4. Vendor Survey
3.5. Wise Investment Perception – End Use Industry Survey
3.6. Data Visualization Category Assessment
3.7. Solution Type Assessment
3.8. Porter’s Analysis
3.9. PESTLE Analysis
3.10. Product Lifecycle
3.11. Competition Matrix
3.12. Investment Feasibility Scenario
3.13. Key Participants Market Presence (Intensity Map) By Region

Continued…………

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