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Life Sciences Analytics Market is Estimated to Grow at a CAGR of 8.9% within the forecast period of 2023-2030: Cognitive Market Research
Life Sciences Analytics Market is Estimated to Grow at a CAGR of 8.9% within the forecast period of 2023-2030
- Life Sciences Analytics is referred to as any analytical application that is utilized in pharmaceutical medical device companies, clinical research organizations, and various divisions, including research, marketing, pharmacovigilance, supply chain, and others.
Summary
• Global Life Sciences Analytics market is estimated to be valued at USD 9,369.3 million in 2023 and is expected to exhibit a CAGR of 8.9% during the forecast period.
• North America dominated the global life sciences analytics market.
• The pharmaceutical and biotechnology segment is anticipated to dominate the global market.
To know more The Life Sciences Analytics Market statistics click here: https://www.cognitivemarketresearch.com/life-sciences-analytics-market-report
Global Life Sciences Analytics Market Dynamics
- The increasing prevalence of non-communicable diseases across the globe drives the growth of the global life sciences analytics market. In addition, growing demand for improved data standardization, and technological advancements are expected to propel the growth of the global life sciences analytics market. Furthermore, the rising focus on value-based medicine will offer opportunities for the growth of the target market. However, the high cost of implementation is expected to hamper the growth of the global life sciences analytics market.
Global Life Sciences Analytics Market Scope
- Product Type
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
- Application
• Research and Development
• Supply Chain Analytics
• Sales and Marketing
• Other Applications
The descriptive analytics segment is dominant due to the increased research activities for the growth of mobile health applications.
- Component
• Services
• Software
The sales and marketing segment accounted largest revenue share, due to the increasing adoption of analytical solutions to increase customer awareness and engagement to expand sales productivity.
- End User
• Clinical Research Institutions
• Pharmaceutical and Biotechnology Companies
• Medical Device Companies
• Other End Users
By end user, the pharmaceutical and biotechnology companies segment is anticipated to dominate the global market, due to the increasing use of predictive analytics in clinical trials for the development of new drugs.
- Competitive Analysis for Life Sciences Analytics Market: Cognizant, IBM Corporation, Oracle Corporation, IQVIA, SAS Institute, SCIOInspire, TAKE Solutions, Wipro, Genpact, Tableau, Veeva Systems, SAP, Medidata Solutions, Microsoft, Salesforce, ArisGlobal.
Get free sample pages of latest published Life Sciences Analytics Market Report: https://www.cognitivemarketresearch.com/life-sciences-analytics-market-report
Regional Analysis
- North America dominates the global life science analytics market due to its innovative and developing healthcare infrastructure. Furthermore, the growing incidence of non-communicable diseases and the rise in the aging population will boost the growth of the life science analytics market. On the other hand, Asia-Pacific is anticipated drive the demand for the global market due to technological developments, and the presence of major key players in the country in the region.
News
- September 2022,
Pfizer Inc. a biopharmaceutical company acquired the University of Queensland startup ResApp Health Limited. ResApp has developed simple and inexpensive smartphone technology that can accurately identify respiratory disorders Based on a study of coughs. The technology employs artificial intelligence to diagnose and determine the severity of illnesses, using the sound of a patient's cough.
February 2022,
Oracle's cutting-edge clinical research and pharmacovigilance solutions were acquired by Clinixir Company Limited as its eClinical platform. Oracle Health Sciences Clinical One Cloud Service was selected by Clinixir because of its wide range of applications and extensive, end-to-end technical capabilities.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Life Sciences Analytics Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Life Sciences Analytics Market Overview
• 4.1 Introduction
• 4.2 Global Life Sciences Analytics Market Statistics by Regions (2018-2030)
4.2.1 North America Life Sciences Analytics Status and Prospect (2018-2030)
4.2.2 Europe Life Sciences Analytics Status and Prospect (2018-2030)
4.2.3 Asia Pacific Life Sciences Analytics Status and Prospect (2018-2030)
4.2.4 Latin America Life Sciences Analytics Status and Prospect (2018-2030)
4.2.5 Middle East and Africa Life Sciences Analytics Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Life Sciences Analytics Market by By Type Segmentation Analysis (2018-2030)
Chapter 9 Global Life Sciences Analytics Market by By Application Segmentation Analysis (2018-2030)
Chapter 10 Global Life Sciences Analytics Market by By Product Type Segmentation Analysis (2018-2030)
Chapter 11 Global Life Sciences Analytics Market by By Component Segmentation Analysis (2018-2030)
Chapter 12 Global Life Sciences Analytics Market by By End User Segmentation Analysis (2018-2030)
Chapter 13 Global Life Sciences Analytics Market Regional Analysis
Chapter 14 North America Life Sciences Analytics Market Outlook (2018 - 2030)
Chapter 15 Europe Life Sciences Analytics Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Life Sciences Analytics Market Outlook (2018 - 2030)
Chapter 17 Latin America Life Sciences Analytics Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Life Sciences Analytics Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Life Sciences Analytics Market TOC click here: https://www.cognitivemarketresearch.com/life-sciences-analytics-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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