Life Science Analytics Global Market to Reach $37.86 Billion by 2026

DUBLIN, Sept. 9, 2022 /PRNewswire/ -- The "Life Science Analytics Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering.

The global life science analytics market is expected to grow from $21.16 billion in 2021 to $24.09 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The life science analytics market is expected to grow to $37.86 billion in 2026 at a CAGR of 12%.

North America was the largest region in the life science analytics market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the life science analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing prevalence of chronic diseases is expected to propel the growth of the life science analytics market going forward. Chronic diseases refer to diseases that will persist for a long time. Life science analytics that includes predictive analytics is a critical step toward chronic disease prevention, allowing providers to recognize early signs of illness and intervene.

For instance, according to the World Health Organization, a Switzerland-based government agency, chronic obstructive pulmonary disease (COPD) is the world's third-biggest cause of death, accounting for 3.23 million fatalities in 2019, and more than 80% of these deaths took place in low- and middle-income nations (LMIC). Therefore, the increasing prevalence of chronic diseases drives the life science analytics market.

Technological advancements have emerged as a key trend gaining popularity in the life science analytics market. Major companies operating in the life science analytics sector are focused on developing new technological solutions to strengthen their position.

For instance, in February 2020, IQVIA, a US-based company that provides life science analytics, launched the Avacare Clinical Research Network, a technology-based worldwide site network that allows for additional clinical trials to be conducted at established clinical and research facilities. The new Avacare Clinical Research Network expands research and clinical alternatives for patients. According to IQVIA, the analytical techniques allow Avacare's network sites to swiftly and efficiently connect patients to clinical trials.

In February 2019, IQVIA, a US-based pharmaceutical company, acquired Linguamatics for an undisclosed amount. This acquisition helps IQVIA Global meet the increasing demand for new life science analytics and also helps the company drive real value from potential artificial intelligence. Linguamatics is a UK-based company that provides life science analytics.

Scope

Markets Covered:

1. By Type: Descriptive Analytics; Predictive Analytics; Prescriptive Analytics
2. By Component: Software; Services
3. By Deployment: On-Demand; On-Premises
4. By Application: Research and Development; Preclinical Trials; Clinical Trials; Sales and Marketing; Regulatory Compliance; Supply Chain Optimization; Pharmacovigilance
5. By End User: Medical Device; Pharmaceutical; Biotechnology; Other End Users

Key Topics Covered:

1. Executive Summary

2. Life Science Analytics Market Characteristics

3. Life Science Analytics Market Trends And Strategies

4. Impact Of COVID-19 On Life Science Analytics

5. Life Science Analytics Market Size And Growth

6. Life Science Analytics Market Segmentation

7. Life Science Analytics Market Regional And Country Analysis

8. Asia-Pacific Life Science Analytics Market

9. China Life Science Analytics Market

10. India Life Science Analytics Market

11. Japan Life Science Analytics Market

12. Australia Life Science Analytics Market

13. Indonesia Life Science Analytics Market

14. South Korea Life Science Analytics Market

15. Western Europe Life Science Analytics Market

16. UK Life Science Analytics Market

17. Germany Life Science Analytics Market

18. France Life Science Analytics Market

19. Eastern Europe Life Science Analytics Market

20. Russia Life Science Analytics Market

21. North America Life Science Analytics Market

22. USA Life Science Analytics Market

23. South America Life Science Analytics Market

24. Brazil Life Science Analytics Market

25. Middle East Life Science Analytics Market

26. Africa Life Science Analytics Market

27. Life Science Analytics Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Life Science Analytics Market

29. Life Science Analytics Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Oracle Corporation
• Accenture
• SAS Institute Inc.
• IBM Corporation
• IQVIA
• Wipro
• Cognizant
• SCIO Health Analytics
• Cerner Corporation
• Optum
• Microsoft Corporation
• MaxisIT Inc.
• Cotiviti
• Allscripts Healthcare Solutions

For more information about this report visit https://www.researchandmarkets.com/r/rqi4gs

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