Global Life Sciences Analytics Market 2024-2028

The life sciences analytics market is forecasted to grow by USD 7,830.57 mn during 2023-2028, accelerating at a CAGR of 12.02% during the forecast period. The report on the life sciences analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing integration of big data with healthcare analytics, increasing adoption of EHRs, and growing emphasis on personalized medicine.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	11.5%
CAGR	12.02%
Incremental Value	$7830.57mn

Technavio's life sciences analytics market is segmented as below:

By Deployment

Cloud
On-premises

By End-user

Pharmaceutical companies
Biotechnology companies
Others

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the increasing focus on value-based medicine as one of the prime reasons driving the life sciences analytics market growth during the next few years. Also, rising adoption of AI and machine learning and emergence of AI-enabled emotion recognition technologies will lead to sizable demand in the market.

The report on the life sciences analytics market covers the following areas:

Life sciences analytics market sizing
Life sciences analytics market forecast
Life sciences analytics market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading life sciences analytics market vendors that include Accenture Plc, Alteryx Inc., Amazon.com Inc., Cognizant Technology Solutions Corp., Cotiviti Inc., ExlService Holdings Inc., International Business Machines Corp., IQVIA Holdings Inc., MaxisIT Inc., Microsoft Corp., Oracle Corp., Pyramid Analytics BV, SAS Institute Inc., Sisense Ltd., TAKE Solutions Ltd., ThoughtSphere, ThoughtSpot Inc., UnitedHealth Group Inc., Veradigm LLC, and Wipro Ltd.. Also, the life sciences analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71141

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global life sciences analytics market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global life sciences analytics market 2018 - 2022 ($ million)
4.2 Deployment Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Deployment Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Deployment

6.1 Market segments
Exhibit 30: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 31: Data Table on Deployment - Market share 2023-2028 (%)
6.2 Comparison by Deployment
Exhibit 32: Chart on Comparison by Deployment
Exhibit 33: Data Table on Comparison by Deployment
6.3 Cloud - Market size and forecast 2023-2028
Exhibit 34: Chart on Cloud - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Cloud - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Cloud - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Cloud - Year-over-year growth 2023-2028 (%)
6.4 On-premises - Market size and forecast 2023-2028
Exhibit 38: Chart on On-premises - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on On-premises - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on On-premises - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on On-premises - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Deployment
Exhibit 42: Market opportunity by Deployment ($ million)
Exhibit 43: Data Table on Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Pharmaceutical companies - Market size and forecast 2023-2028
Exhibit 48: Chart on Pharmaceutical companies - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Pharmaceutical companies - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Pharmaceutical companies - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Pharmaceutical companies - Year-over-year growth 2023-2028 (%)
7.4 Biotechnology companies - Market size and forecast 2023-2028
Exhibit 52: Chart on Biotechnology companies - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Biotechnology companies - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Biotechnology companies - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Biotechnology companies - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ million)
Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 75: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Germany - Market size and forecast 2023-2028
Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.9 France - Market size and forecast 2023-2028
Exhibit 91: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on France - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Accenture Plc
Exhibit 111: Accenture Plc - Overview
Exhibit 112: Accenture Plc - Business segments
Exhibit 113: Accenture Plc - Key news
Exhibit 114: Accenture Plc - Key offerings
Exhibit 115: Accenture Plc - Segment focus
12.4 Cognizant Technology Solutions Corp.
Exhibit 116: Cognizant Technology Solutions Corp. - Overview
Exhibit 117: Cognizant Technology Solutions Corp. - Business segments
Exhibit 118: Cognizant Technology Solutions Corp. - Key news
Exhibit 119: Cognizant Technology Solutions Corp. - Key offerings
Exhibit 120: Cognizant Technology Solutions Corp. - Segment focus
12.5 Cotiviti Inc.
Exhibit 121: Cotiviti Inc. - Overview
Exhibit 122: Cotiviti Inc. - Product / Service
Exhibit 123: Cotiviti Inc. - Key offerings
12.6 ExlService Holdings Inc.
Exhibit 124: ExlService Holdings Inc. - Overview
Exhibit 125: ExlService Holdings Inc. - Business segments
Exhibit 126: ExlService Holdings Inc. - Key news
Exhibit 127: ExlService Holdings Inc. - Key offerings
Exhibit 128: ExlService Holdings Inc. - Segment focus
12.7 International Business Machines Corp.
Exhibit 129: International Business Machines Corp. - Overview
Exhibit 130: International Business Machines Corp. - Business segments
Exhibit 131: International Business Machines Corp. - Key news
Exhibit 132: International Business Machines Corp. - Key offerings
Exhibit 133: International Business Machines Corp. - Segment focus
12.8 IQVIA Holdings Inc.
Exhibit 134: IQVIA Holdings Inc. - Overview
Exhibit 135: IQVIA Holdings Inc. - Business segments
Exhibit 136: IQVIA Holdings Inc. - Key news
Exhibit 137: IQVIA Holdings Inc. - Key offerings
Exhibit 138: IQVIA Holdings Inc. - Segment focus
12.9 MaxisIT Inc.
Exhibit 139: MaxisIT Inc. - Overview
Exhibit 140: MaxisIT Inc. - Product / Service
Exhibit 141: MaxisIT Inc. - Key offerings
12.10 Microsoft Corp.
Exhibit 142: Microsoft Corp. - Overview
Exhibit 143: Microsoft Corp. - Business segments
Exhibit 144: Microsoft Corp. - Key news
Exhibit 145: Microsoft Corp. - Key offerings
Exhibit 146: Microsoft Corp. - Segment focus
12.11 Oracle Corp.
Exhibit 147: Oracle Corp. - Overview
Exhibit 148: Oracle Corp. - Business segments
Exhibit 149: Oracle Corp. - Key news
Exhibit 150: Oracle Corp. - Key offerings
Exhibit 151: Oracle Corp. - Segment focus
12.12 SAS Institute Inc.
Exhibit 152: SAS Institute Inc. - Overview
Exhibit 153: SAS Institute Inc. - Product / Service
Exhibit 154: SAS Institute Inc. - Key news
Exhibit 155: SAS Institute Inc. - Key offerings
12.13 TAKE Solutions Ltd.
Exhibit 156: TAKE Solutions Ltd. - Overview
Exhibit 157: TAKE Solutions Ltd. - Product / Service
Exhibit 158: TAKE Solutions Ltd. - Key offerings
12.14 ThoughtSphere
Exhibit 159: ThoughtSphere - Overview
Exhibit 160: ThoughtSphere - Product / Service
Exhibit 161: ThoughtSphere - Key offerings
12.15 UnitedHealth Group Inc.
Exhibit 162: UnitedHealth Group Inc. - Overview
Exhibit 163: UnitedHealth Group Inc. - Business segments
Exhibit 164: UnitedHealth Group Inc. - Key news
Exhibit 165: UnitedHealth Group Inc. - Key offerings
Exhibit 166: UnitedHealth Group Inc. - Segment focus
12.16 Veradigm LLC
Exhibit 167: Veradigm LLC - Overview
Exhibit 168: Veradigm LLC - Business segments
Exhibit 169: Veradigm LLC - Key offerings
Exhibit 170: Veradigm LLC - Segment focus
12.17 Wipro Ltd.
Exhibit 171: Wipro Ltd. - Overview
Exhibit 172: Wipro Ltd. - Business segments
Exhibit 173: Wipro Ltd. - Key news
Exhibit 174: Wipro Ltd. - Key offerings
Exhibit 175: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations