Life Science Analytics Market to Reach USD 37.20 Billion
Global life science analytics market size was valued at USD USD 12.81 billion in 2022 The industry is expected to expand from USD 37.20 billion by 2030 exhibiting a CAGR of 13.6% . Growing Use of Analytical Solutions for a Flexible and Comprehensive Research Study to Foster Market Growth
The life science analytics market is inclusive of solutions, software,
or analytical applications that are mostly deployed for the research and
development of new drug therapy by contract research organizations and pharma
and biotech companies. The market expansion can be attributed to the growing
innovations in data science and the surging adoption of cloud services. The
pharma & biotech companies are investing heavily to fasten the drug
delivery process and embrace cutting-edge technologies.
Fortune
Business Insights™ provides this information in its research report, titled “Life Science Analytics Market, 2023-2030”.
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Key Takeaways :
·
Continuous
Adoption and Integration of Digital Technologies Contributed to the Growth of
the Market
·
Rising
Advancements in Data Science and Increasing Adoption of Cloud Services
·
Increasing
Use of Analytical Solutions for a Comprehensive and Flexible Research Study to
Spur the Market Growth
·
Increasing
Adoption of Healthcare Data Management Platforms in Hospitals to Propel Market
Growth
·
High Cost of
Implementation and the Concerns Related to Data Breaching May Limit Life
Science Analytics Penetration
List
of Key Players Mentioned in the Report:
·
SAS Institute Inc. (U.S.)
·
Accenture (Ireland)
·
Veeva Systems (U.S.)
·
IBM
(U.S.)
·
Oracle
(U.S.)
·
Analytics8
(U.S.)
· IQVIA Inc (U.S.)
To get to
know more about the short-term and long-term impact of COVID-19 on this market,
please visit: https://www.fortunebusinessinsights.com/life-science-analytics-market-108603
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