Increasing Prevalence of Chronic Diseases to Boost Demand for Life Science Analytics

Published Date : Mar 14, 2017

ALBANY, New York, March 14, 2017: A new market intelligence report has been recently added by to its comprehensive collection of research studies. The 165-page research report, titled “Global Life Science Analytics Industry 2017, Trends and Forecast Report,” provides a detailed reports, offering insights into the market dynamics that are estimated to influence the growth of the overall market in the next few years. In addition, the latest trends, growth factors, opportunities, and the limitations in the global life science analytics market have been discussed in the research study in order to provide a strong understanding of the overall market. 

The growing focus on new product development and advancements in technology are anticipated to fuel the growth of the global life science analytics market in the next few years. The increasing adoption of analytical solutions in clinical trials is estimated to boost the demand across the globe. In addition, the availability of big data in the life science industry and the growing need for enhanced data standardizations are estimated to accelerate the growth of the overall market throughout the forecast period. According to these factors, the global market for life science analytics is predicted to exhibit a healthy growth rate in the next few years. 

On the flip side, the requirement of high cost for implementation and the dearth of skilled personnel are estimated to restrict the growth of the global life science analytical market in the near future. Moreover, the rising concerns related to data privacy and the data integration in the ecosystem of life science are predicted to hamper the growth of the market. Nevertheless, the rising focus on value-based medicine and the advent of cloud-based analytics are expected to offer promising growth opportunities for key players operating in the global market. 

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Among the key regional segments, the North America market for life science analytics is anticipated to witness a strong growth and account for a massive share of the market in the near future. On the other hand, Asia Pacific is expected to witness a progressive growth in the coming years, owing to the increasing prevalence of chronic diseases, growing population, and the growing need for innovative therapeutics. The market share, size, and the anticipated growth rate of each region has been provided in the scope of the research report. 

Some of the prominent players operating in the life science analytics market across the globe are Accenture, Scio Health Analytics, IBM Corporation, Cognizant, SAS Institute Inc., Wipro Limited, Take Solutions, Maxisit, Oracle Corporation, and Quintiles, Inc. According to the research study, a high level of competition among the key players is expected in the next few years. A detailed overview of the company profiles and the key strategies adopted by them have been addressed in the research report. 

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