Examining Life Science Analytics Market Growth and Size for Strategic Decision-Making

Isha Deshpande

The global life science analytics market size was USD 11.23 billion in 2022 and is expected to register a revenue CAGR of 12.7% during the forecast period. The steady market revenue growth can be attributed to rising penetration of big data utilization in the research & life sciences organizations and growing adoption of personalized medicine.

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Life Science Analytics market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Life Science Analytics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Oracle Corporation, Accenture, IBM Corporation, Cognizant, IQVIA, Wipro, Cerner Corporation, MaxisIT, Optum, Microsoft, Infosys Limited, SAS Institute Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Illumina, Inc., Philips Healthcare, GE Healthcare, Becton and among others

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Emergen Research has segmented the global Life Science Analytics market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2019-2032)

    • Descriptive Analytics
    • Predictive Analytics
    • Prescriptive Analytics
    • Diagnostic Analytics
    • Discovery Analytics

  • Component Type Outlook (Revenue, USD Billion; 2019-2032)

    • Services
    • Software

  • End-Use Outlook (Revenue, USD Billion; 2019-2032)

    • Pharmaceutical & Biotechnology Companies
    • Medical Device Companies
    • Research Centers

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Life Science Analytics Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Life Science Analytics Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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