IMARC Group has recently released a new research study titled “Life Science Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global life science analytics market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 13.3% during 2023-2028. Life science analytics refers to the process of analyzing and interpreting data collected from various life science domains, including genomics, proteomics, metabolomics, and transcriptomics. Life science analytics aims to gain a better understanding of biological systems and uncover new insights and knowledge about human health and disease. By utilizing advanced statistical methods, machine learning algorithms, and data visualization tools, life science analysts can process large and complex data sets, thus making it possible to identify correlations and trends that would otherwise be invisible.
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Market Trends and Drivers:
The rising emphasis on value-based medicine represents a significant factor driving the market growth. In line with this, the escalating need for standardized data and the increasing prevalence of chronic diseases are contributing to the market growth. Apart from this, the rapid development of personalized medicine and other innovative healthcare solutions is driving the growth of the market across the globe. The market is also driven by the increasing use of analytics for sales and marketing purposes. Other factors, such as significant technological advancements, growing investment in research and development (R&D) activities in the life science sector, and the rising awareness about precision medicine and its potential benefits, are creating a positive outlook for the market.
Competitive Landscape:
The competitive landscape of the life science analytics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accenture Plc
- Cognizant
- Infosys Limited
- International Business Machines Corporation
- IQVIA Inc.
- Oracle Corporation
- Rockwell Automation Inc.
- SAS Institute Inc.
- TAKE Solutions Limited
- Wipro Limited
Key Market Segmentation:
The report has segmented the global life science analytics market based on type, component, deployment mode, application, end use and region.
Breakup by Type:
- Reporting
- Descriptive
- Predictive
- Prescriptive
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-demand
- On-premises
Breakup by Application:
- Research and Development
- Sales and Marketing Support
- Supply Chain Analytics
- Pharmacovigilance (PV)
- Others
Breakup by End Use:
- Medical Devices
- Pharmaceuticals
- Biotechnology
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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