Life Science Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
The life science industry has been experiencing several challenges which impact its operational environment including adoption of generics, patent cliff, increasing investments in research & developments, and strict regulatory guidelines & compliances. These challenges also offer multiple opportunities to create better solutions such as the usage of analytical tools & techniques which has developed as an important tool for biotechnological, pharmaceutical, medical devices, and related enterprises.
The life science industry has been experiencing several challenges which impact its operational environment including adoption of generics, patent cliff, increasing investments in research & developments, and strict regulatory guidelines & compliances. These challenges also offer multiple opportunities to create better solutions such as the usage of analytical tools & techniques which has developed as an important tool for biotechnological, pharmaceutical, medical devices, and related enterprises.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Life</strong> <strong>Science</strong> <strong>Analytics</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong><br />
<strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong>, <strong>and</strong><br />
<strong>Forecast</strong> <strong>2017</strong> - <strong>2025</strong><br />
The life science industry has been experiencing several challenges which impact its<br />
operational environment including adoption of generics, patent cliff, increasing<br />
investments in research & developments, <strong>and</strong> strict regulatory guidelines &<br />
compliances. These challenges also offer multiple opportunities to create better<br />
solutions such as the usage of analytical tools & techniques which has developed as<br />
an important tool for biotechnological, pharmaceutical, medical devices, <strong>and</strong> related<br />
enterprises. Specifically in life sciences, these tools allow researchers to conquer<br />
challenges in data integration <strong>and</strong> data solutions. In simple terms, these analytical<br />
solutions & services help translate in-house <strong>and</strong> third-party data into meaningful<br />
insights to solve organizational research-related challenges. Product/service<br />
enablement, marketing/sales support, regulatory compliance reporting, <strong>and</strong> data<br />
integration are the key applications of analytics in the pharmaceutical <strong>and</strong> life<br />
science industries.<br />
View Report @ http://www.transparencymarketresearch.com/life-scienceanalytics-market.html<br />
<strong>Life</strong> science institutes <strong>and</strong> industries are adopting digital records due to their ease<br />
of integration, higher st<strong>and</strong>ardization, sophistication, <strong>and</strong> minimized errors. For<br />
instance, the health care industry is moving at a greater pace due to EHR<br />
(Electronic Health Records) which follow a st<strong>and</strong>ard format. The personal property<br />
security (PPSA) regulation influences pharmaceutical industries or firms to bring<br />
about easy analysis of market expenditure <strong>and</strong> competitor data to gain significant<br />
insights, as it allows data collation across various organizations in a st<strong>and</strong>ard<br />
format. Also, technological advancements in voice <strong>and</strong> text analytics help convert<br />
important points <strong>and</strong> recordings to well-structured <strong>and</strong> managed digital formats.<br />
With digitalization of data, organizations are trending to bring about integration<br />
across various technology systems. For instance, the clinical trial data of<br />
pharmaceutical firms is being integrated with pharmacovigilance (PV) data for<br />
better analytics.<br />
The global life science analytics market is anticipated to witness substantial growth<br />
in the next few years, driven by the availability of big data in the life science<br />
industry, technological adoption & acceptance of clinical trials, usage of analytical<br />
solutions in sales & marketing, rise in dem<strong>and</strong> for st<strong>and</strong>ardization of data, <strong>and</strong><br />
increasing prevalence of chronic diseases. The growing need for accuracy in
treatment & therapeutic solutions, focus on personalized & precision medicines,<br />
cloud-based analytics, rise in investments in R&D, developments in social media,<br />
<strong>and</strong> the effects on the health care industry are other factors which provide major<br />
opportunities to the global life sciences analytics market. Consequently, the high<br />
cost, financial restrictions, lack of awareness, <strong>and</strong> shortage of skilled professionals<br />
are major restrains for this market.<br />
The global life sciences analytics market can be segmented on the basis of product<br />
into the following categories: descriptive analytics, predictive analytics, <strong>and</strong><br />
prescriptive analytics. Predictive analytics are anticipated to dominate the market.<br />
By application, the market can be divided into the following groups: research &<br />
development, preclinical trials, clinical trials, regulatory compliance, supply chain<br />
analytics, pharmacovigilance, <strong>and</strong> others. Research & development <strong>and</strong> regulatory<br />
compliance are expected to dominate the market in the next few years due to the<br />
rising investments <strong>and</strong> advancements in health care infrastructure. Based on<br />
delivery model, the market can be classified into the following sections: on-premise,<br />
on-dem<strong>and</strong>, component, <strong>and</strong> software & services. The latter is projected to hold a<br />
major market share. In terms of end-user, the market can be categorized into the<br />
following sections: pharmaceutical & biotechnology companies, hospitals &<br />
diagnostic centers, academic & research centers, <strong>and</strong> others.<br />
Key players operating in this market include SAS Institute Inc., IBM Corporation,<br />
Oracle Corporation, Quintiles, Inc., Accenture, Cognizant, Wipro Limited, MaxisIT,<br />
Inc., TAKE Solutions, <strong>and</strong> SCIO Health <strong>Analytics</strong>.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth<br />
qualitative insights, historical data, <strong>and</strong> verifiable projections about market size. The<br />
projections featured in the report have been derived using proven research<br />
methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a<br />
repository of analysis <strong>and</strong> information for every facet of the market, including but<br />
not limited to: Regional markets, technology, types, <strong>and</strong> applications.<br />
Get accurate market forecast <strong>and</strong> analysis on the <strong>Life</strong> <strong>Science</strong> <strong>Analytics</strong><br />
market. Request a sample to stay abreast on the key trends impacting this<br />
market.<br />
http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=B&rep_id=23735<br />
The study is a source of reliable data on:<br />
<strong>Market</strong> segments <strong>and</strong> sub-segments<br />
<strong>Market</strong> trends <strong>and</strong> dynamics<br />
Supply <strong>and</strong> dem<strong>and</strong><br />
<strong>Market</strong> size
Current trends/opportunities/challenges<br />
Competitive l<strong>and</strong>scape<br />
Technological breakthroughs<br />
Value chain <strong>and</strong> stakeholder analysis<br />
The regional analysis covers:<br />
North America (U.S. <strong>and</strong> Canada)<br />
Latin America (Mexico, Brazil, Peru, Chile, <strong>and</strong> others)<br />
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,<br />
Netherl<strong>and</strong>s, <strong>and</strong> Luxembourg)<br />
Eastern Europe (Pol<strong>and</strong> <strong>and</strong> Russia)<br />
Asia Pacific (China, India, Japan, ASEAN, Australia, <strong>and</strong> New<br />
Request for Discount of this report - @<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=23735<br />
About Us<br />
Transparency <strong>Market</strong> Research (TMR) is a market intelligence company, providing global<br />
business information reports <strong>and</strong> services. Our exclusive blend of quantitative forecasting <strong>and</strong><br />
trends analysis provides forward-looking insight for thous<strong>and</strong>s of decision makers. TMR’s<br />
experienced team of analysts, researchers, <strong>and</strong> consultants, use proprietary data sources <strong>and</strong><br />
various tools <strong>and</strong> techniques to gather, <strong>and</strong> analyze information. Our business offerings represent<br />
the latest <strong>and</strong> the most reliable information indispensable for businesses to sustain a competitive<br />
edge.<br />
Each TMR syndicated research report covers a different sector – such as pharmaceuticals,<br />
chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods <strong>and</strong><br />
technology. These reports provide in-depth analysis <strong>and</strong> deep segmentation to possible micro<br />
levels. With wider scope <strong>and</strong> stratified research methodology, TMR’s syndicated reports strive to<br />
provide clients to serve their overall research requirement.<br />
US Office Contact<br />
90 State Street, Suite 700<br />
Albany, NY 12207<br />
Tel: +1-518-618-1030<br />
USA – Canada Toll Free: 866-552-3453<br />
Email: sales@transparencymarketresearch.com<br />
Website: http://www.transparencymarketresearch.com
Change language