Life Science Analytics Market Share Analysis By Vertical, End User, Deployment, Type, Region & Technology

Felton, Calif., USA, Mar. 03, 2021 — /EPR Network/ —

The global Life Science Analytics Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global Life Science Analytics Market is estimated to touch US$ 25.90 Billion by the year 2025. Growing digitalization in pharmaceuticals and life sciences business to increase its price chain is some of the important factors expected to increase the market above the prediction period. Additionally, decreasing efficiency of R&D and growing supervisory mistakes are approximately the reasons anticipated to motivate this market. The life science analytics market is estimated to develop at the CAGR of 12.9% for the duration of the prediction.

Key Players:

• Accenture
• Cognizant
• IBM
• Oracle
• SAS Institute, Inc.
• Wipro Limited
• IQVIA
• TAKE Solutions Limited

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Growth Drivers:

Growing price tag of healthcare is some of the essential factor expected to definitely influence the market. Emerging along with industrialized areas are fronting a lot of encounters in providing economical and qualitative attention. Likewise, administrative unpredictability, financial pressure, and absence of practical inventiveness may consequence in little finance for healthcare.

More or less of the important features expected to increase the price of global healthcare are increasing number of claims relating to non-communicable sicknesses, main concern for wellness at place of work, and increasing emphasis on wellness between fully-grown and senior inhabitants. Increasing price of healthcare is estimated to increase demand for life science analytics to make more efficient third-party procedures and improve general budget.

Type Outlook:

• Reporting
• Descriptive
• Predictive
• Prescriptive

Application Outlook:

• Research and Development
• Sales and Marketing
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Component Outlook:

• Software
• Services

Delivery Outlook:

• On-demand
• On-premises

Regional Outlook:

By the source of geography, North America had ruled the market in the year 2016. Greater problem of non-communicable diseases due to surge in elderly inhabitants and unnatural way of life is an important motivating issue.

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