life science analytics market

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Life Science Analytics Market 2020-2027
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2027
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Life Science Analytics Market 2020-2027
Market Highlights According to MRFR, Life Science
Analytics Market forecast  ,it is expected to
register a CAGR of 11.91 during the forecast
period of 2019 to 2025 and was valued at USD
19,165.22 Million in 2018. Life science analytics
is a tool that helps in clinical trials
standardization and optimization of the drug
discovery process. The growth of the global life
science analytics market trends can be
contributed to growing pressure to curb the
healthcare expenditure, need for improved data
standardization, and increasing prevalence of
chronic diseases. Furthermore, the growing
adoption of analytics solutions in clinical
trials, increasing adoption of analytics tools
for sales marketing applications, the need for
improved patient outcomes, and rising adoption of
big data in the life science industry are also
expected to fuel the market growth during the
forecast period. However, high implementation
costs and lack of skilled professionals have
expected to restrain the growth of the global
life science analytics market.
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Life Science Analytics Market 2020-2027
Several market players such as Allscripts
Healthcare, LLC, Cerner Corporation and McKesson
Corporation currently dominate the global life
science analytics market. The key players are
involved in product launches and acquisitions to
strengthen their market positions. For instance,
in January 2018, Allscripts acquired Practice
Fusion for USD 100 million. This acquisition
further advance Allscripts strategy to offer
comprehensive, high performing health information
technologies and solutions. Key Players Some of
the Key Players in the Global Life Science
Analytics Market are Allscripts Healthcare, LLC
(US), Cerner Corporation (US), CitiusTech Inc.
(US), Health Catalyst (US), Inovalon (US),
McKesson Corporation (US), Saama Technologies,
Inc. (US), Optum, Inc. (US), SCIOInspire, Corp.
(US), SAS Institute Inc. (US), IBM (US), Oracle
(US), and IQVIA (US). Free sample is available
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Life Science Analytics Market 2020-2027
Segmentation The Global Life Science Analytics
Market has been segmented based on the type of
analytics, application, component, deployment
model, and end-user. Based on the type of
analytics, the global life science analytics
market has been segmented into predictive
analytics, descriptive analytics, and
prescriptive analytics. The descriptive analytics
segment held the largest market share in 2018
owing to its high preferability by the life
science companies, as these solutions help in
understanding the past trends. The global life
science analytics market, based on application,
has been segmented into research development,
pharmacovigilance, regulatory compliance, sales
marketing, and supply chain optimization. The
research development segment is further
sub-segmented into clinical trials and
preclinical trials. The research development
segment held the largest market share in 2018
owing to the rising usage in RD activities for
the development of innovative life science
products.
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Life Science Analytics Market 2020-2027
The global life science analytics market has been
segmented based on component, as software,
services, and hardware. The software segment is
held the largest market share in 2018 owing to
the rising adoption of analytics software in the
life science industry. The global life science
analytics market has been segmented, on the basis
of deployment model, into on-premise and
cloud-based. The on-premise model held the larger
market share in 2018 owing to its user-friendly
approach. The market based on end-user has been
segmented into hospitals clinics,
pharmaceutical, biotechnology medical device
companies, and others. Hospitals clinics
segment held the largest market share in 2018 as
it helps to minimize the clinical errors and
increases healthcare productivity. Get Full
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Life Science Analytics Market 2020-2027
Regional Analysis The market has been divided, by
region, into the Americas, Europe, Asia-Pacific,
and the Middle East Africa. The Americas region
held the largest market in 2018, owing to the
presence of major market players in the region.
The life science analytics market in the Americas
has further been branched into North America and
Latin America, with the North American market
divided into the US and Canada. The European life
science analytics market has been categorized as
Western Europe and Eastern Europe. The Western
European market has further been classified as
Germany, France, the UK, Italy, Spain, and the
rest of Western Europe. The life science
analytics market in Asia-Pacific has been
segmented into Japan, China, India, South Korea,
Australia, and the rest of Asia-Pacific. Due to
the rapidly developing life sciences industry,
the market in Asia-Pacific is expected to be the
fastest-growing. The life science analytics
market in the Middle East Africa has been
divided into the Middle East and Africa
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