Global Life Science Analytics Market Size, Trends, Growth, Opportunity, Key Players and Industry Report 2021-26

Life Science Analytics Market

SHERIDAN, WY, USA, November 15, 2021 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Life Science Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global life science analytics market grew at a CAGR of around 12% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026. Life science analytics refers to a clinical data analysis process that offers predictive tools for improved patient care. This process includes creating vast databases according to past reports of numerous patients, which helps healthcare professionals and pharmaceutical companies predict future trends of treatment. The importance of analytics in the life science industry is manifested in precise risk assessments to increase life expectancy, determining the effectiveness of clinical trials, assistance in precision medicine, and improving the effectiveness of research and development (R&D) activities.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Market Trends Drivers:

The increasing deployment of connected devices and cloud-based services in the healthcare industry is one of the major factors fueling the global life science analytics market growth. Governments of various nations have also expanded their spending toward establishing an adequate healthcare infrastructure, which is further contributing to the market growth. Furthermore, the market is being positively affected by the onset of coronavirus disease (COVID-19), which has led to the emerging need for effective teleconsultation solutions.

Life Science Analytics Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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:

Infosys Limited
Cognizant
International Business Machines Corporation
IQVIA Inc.
Oracle Corporation
Accenture Plc
TAKE Solutions Limited
Wipro Limited
SAS Institute Inc.
Rockwell Automation Inc.

Key Market Segmentation:

The report has segmented the global life science analytics market on the basis of 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

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/life-science-analytics-market

Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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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About Us

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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IMARC Services Private Limited
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Source: EIN Presswire