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Life Science Analytics Market Share

Report ID: GMI11045
Published Date: Aug 2024
Report Format: PDF

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Life Science Analytics Market Share

The market is characterized by the presence of several key players and a strong emphasis on technological innovation and strategic partnerships. Companies are increasingly investing in AI-driven analytics platforms that offer deeper insights into disease patterns and patient outcomes. Additionally, there is a growing emphasis on integrating analytical solutions with healthcare devices, software, and infrastructure to ensure timely and accurate results. The rise in partnerships between tech firms and healthcare providers is further fueling innovation and accelerating the adoption of predictive analytics solutions across various healthcare sectors.

Life Science Analytics Market Companies

Prominent players operating in the life science analytics industry include:

Accenture
Analytics8
Cognizant
IBM Corporation
IQVIA Inc.
MaxisIT
Microsoft
Optum, Inc.
Oracle Corporation
SAS Institute, Inc.
Sisense Ltd.
ThoughtSpot Inc.
Veeva Systems
Veradigm LLC
Wipro Limited.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The life science analytics industry size was valued at USD 15.7 billion in 2023 and is expected to grow at an 8.2% CAGR through 2032, driven by the rising adoption of analytical solutions in clinical trials and the increasing demand for personalized medicines.

The services segment of life science analytics industry generated the highest revenue of USD 9.1 billion in 2023, driven by essential support and updates for advanced analytical tools.

North America life science analytics industry accounted for USD 6.7 million in 2023 and is set to grow at a 7.7% CAGR between the 2024-2032, bolstered by the demand for analytics tools that improve innovation and streamline drug development processes.

Accenture, Analytics8, Cognizant, IBM Corporation, IQVIA Inc., and Microsoft, among others.