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Major factors contributing to growth of life science analytics market include technological advancements, availability of big data in the life science industry, growing adoption of analytics solutions for clinical trials, increasing adoption of analytics solutions for sales and marketing applications, growing need for improved data standardization.Free Sample on Life Science Analytics Market spread across 177 pages, Profiling 11 Companies and Supported with 135 Tables and 49 Figures is now available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=825120 .
The life science analytics market is categorized on basis of type, application, component, delivery model, end user, & region. Based on type, market categorized into descriptive, predictive, & prescriptive analytics. Prescriptive analytics segment projected to grow at highest CAGR during forecast period due to its ability to ensure synergistic integration of predictions & prescriptions.
The global life science analytics market has been segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is projected to dominate the market in the near future due to the availability of necessary infrastructure and rapid technological advancements in the pharmaceutical and biotechnology sectors.
Life Science Analytics Market, By Application
1 Introduction
2 Research and Development
3 Preclinical Trials
4 Clinical Trials
5 Sales and Marketing Support
6 Regulatory Compliance
7 Supply Chain Analytics
8 Pharmacovigilance
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The life science analytics market is categorized on the basis of type, application, component, delivery model, end user, and region. Based on type, the market is categorized into descriptive, predictive, and prescriptive analytics. The prescriptive analytics segment is projected to grow at the highest CAGR during the forecast period due to its ability to ensure the synergistic integration of predictions and prescriptions.
Key players in life science analytics market include SAS Institute Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Quintiles, Inc. (U.S.), Accenture (Ireland), Cognizant (U.S.), Wipro Limited (India), MaxisIT, Inc. (U.S.), TAKE Solutions (India), and SCIO Health Analytics (U.S.).
Target Audience:
• Pharmaceutical and biotechnology companies
• Medical device companies
• Contract research organizations (CROs)
• Life science analytics vendors
• Venture capitalists
• Research and consulting firms
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This market segment is categorized into preclinical and clinical trial data analytics. Due to the developing life sciences industry, increasing prevalence of chronic diseases, and growing need for effective therapies, the focus of pharmaceutical, biotechnology, and medical device companies towards research and development is increasing.
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Release ID: 462240
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