Life Sciences Analytics Market to Record a CAGR of 11.83% by 2025 |Growing Pressure to Curb Healthcare Spending and Need for Improved Patient Outcomes to Drive Growth| Technavio

NEW YORK, Nov. 17, 2021 /PRNewswire/ — The life sciences analytics market size is expected to increase by USD 15.95…

NEW YORK, Nov. 17, 2021 /PRNewswire/ — The life sciences analytics market size is expected to increase by USD 15.95 billion, progressing at a CAGR of 11.83%, from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The pharmaceutical end-user segment will generate maximum revenue in the life sciences analytics market. In terms of geography, North America will present significant opportunities for market vendors.

Life Sciences Analytics Market: Major Growth Drivers

The life sciences analytics market report considers the following factors as major growth drivers during the forecast period:

  • Growing pressure to curb healthcare spending and the need for improved patient outcomes
  • Growing adoption of analytics solutions in clinical trials
  • Increasing adoption of analytics for sales and marketing applications

Gain more insights into the global trends, drivers, and challenges impacting the future of the life sciences analytics market. Grab a Free Sample Report Now!

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Life Sciences Analytics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.83%

Market growth 2021-2025

USD 15.95 billion

Market structure

Fragmented

YoY growth (%)

11.36

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, France, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Allscripts Healthcare Solutions Inc., Cognizant Technology Solutions Corp., International Business Machines Corp., IQVIA Holdings Inc., Microsoft Corp., Oracle Corp., SAS Institute Inc., UnitedHealth Group Inc., and Wipro Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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