Life Science Analytics Market Trends Analysis, Growth Outlook, Share Value, Top Key Players, COVID-19 Impact and Future Insights By 2025

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Dec 31, 2020 (Heraldkeepers) — Market Synopsis

As per the analysis by Market Research Future (MRFR), the life science analytics market is expected to acquire a significant market value while thriving at a CAGR of 11.91% during the forecast period from 2019 to 2025.

The increasing adoption of big data and artificial intelligence in the healthcare sector is expected to be a salient factor that can drive the life science analytics industry. The growing demand for analytics for sales and marketing applications may strengthen global trade in the coming period. The rising digitalization of the pharma and life sciences industry owing to the growing chronic illness is expected to surge the requirement for efficient medical facilities that can strengthen the trade. Furthermore, the increasing prevalence of chronic ailments and the growing need for better patient outcomes are likely to grow the industry in the forthcoming period.

Request Free Sample Copy of the report “Global Life Science Analytics Market Research Report–Forecast till 2025” at:https://www.marketresearchfuture.com/sample_request/8570

On the flip side, a lack of expertise can hamper market growth during the evaluation period. However, the rising investment by the government of various countries is expected to counter the impeding factor that can augment the market in the assessment period.

Market Segmentation

The segmental analysis of the global life science analytics market is done by application, component, analytics, deployment model, and end-user.

The application-based segments of the global life sciences analytics market are sales & marketing, pharmacovigilance, research & development, regulatory compliance, and supply chain optimization. The research & development segment is further sub-segmented into clinical trials and preclinical trials.

The component-based segments of the global life sciences analytics market are services, software, and hardware.

The analytics-based segments of the global life sciences analytics market are descriptive analytics, predictive analytics, and prescriptive analytics.

The deployment model-based segments of the global life sciences analytics market are on-premise and cloud-based.

The end-user-based segments of the global life sciences analytics market are hospitals & clinics, biotechnology & medical device companies, pharmaceutical, and others.

Regional Analysis

Based on the region, the global life sciences analytics market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

As per the life science analytics market research report prepared by MRFR, North America is predicted to dominate the global market during the evaluation tenure due to the participation of the region’s established key players. Furthermore, the rise in demand to reduce healthcare costs is likely to develop the market in the review period.

Europe is projected to acquire the second position in global trade owing to the on-going technological development of the healthcare sector. In addition, the rising prevalence of chronic illness can further augment the regional market.

APAC is predicted to be the fastest-growing regional market owing to the quick adoption of the latest technologies in the healthcare sector. The presence of emerging economies is expected to boost regional trade due to the growing digitization of the pharma industry that can augment the market in the coming period. Furthermore, the rise in demand for efficient analytics tools in the healthcare sector can underpin the industry growth in the region.

The MEA region is anticipated to display significant growth owing to the growing awareness and the expansion of the healthcare IT industry. Furthermore, the on-going technological development in the healthcare sector is likely to boost trade in the forecast period.

Key Players

Eminent Life sciences analytics companies are LLC (US), Oracle (US), Allscripts Healthcare, Cerner Corporation (US), CitiusTech Inc. (US), Inovalon (US), Saama Technologies, Inc. (US), Optum, Inc. (US), McKesson Corporation (US), SAS Institute Inc. (US), SCIOInspire, Corp. (US), IBM (US), IQVIA (US), and Health Catalyst (US).

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/life-science-analytics-market-8570

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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