Life Science Analytics Market:Advances Precision Medicine Spurs Demand Upsurge

Posted by Deeksha on February 7th, 2019

Voluminous data generation owing to the prevalence of connected devices in the pharmaceutical and healthcare verticals has necessitated adoption of advanced data analytics to attain actionable insights. Significant investments by leading vendors to develop superlative life science analytics tool that ensure efficient data management has contributed significantly towards the growth of life science analytics market. Market Research Hub (MRH) has included a new research report titled, 'Life Science Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' to gauge ongoing advances in life science analytics market and evaluates their reciprocal implications on holistic growth trajectory. Life science analytics remains integral for seamless operations in novel drug discovery. Adoption of advanced analytics tools by drug makers have gained traction owing to novel R&D initiatives pertaining therapeutics development and diagnostics thus catering to larger unmet needs without price escalation. Advances in precision medicine on the back of surged occurrences of critical maladies further directs adoption of life science analytics.

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AI Enabled Virtual Bots to Revolutionize Accenture Intelligent Patient Platform

Leading forerunners are aimed at feature enhancements to add more value to life science analytics systems. Integration of machine learning and AI has emerged as a recent trend and is expected to shape tremendous growth in life science analytics market. In these lines, Accenture has improvised its analytics platform with integration of virtual assistant bots that offer insightful highlights aided by AI. The development is a revolutionary one and is expected to lend substantial impetus to the growth route of life science analytics market in the coming years.

This research report on life science analytics market evaluates the market at both global and regional levels, on the basis of current as well as historical market performance to derive accurate forecast figures. The report commences with as detailed overview encompassing market definition and dynamics such as drivers, restraints, threats, and challenges that instrument growth in life science analytics market. The report also includes a section on dynamic segmentation based on which type, component, application, and end-user are accounted as core segments. Descriptive, predictive, and prescriptive type of life science analytics are major segment types. By component global life science analytics market is segregated into software and services. In terms of application the market is classified into clinical trials, R&D, regulatory, marketing, and supply chain management. In terms of end-user life science analytics market is compartmented into medical device, laboratory and pharmaceutical companies and biomedical companies.

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North America to Remain a Rapidly Growing Regional Market for Life Science Analytics

Further, the report also includes a section on regional segregation based on which the report offers a detailed overview of regional scope and expanse based on which Europe, North America, South America, Asia-Pacific, and Middle East and Africa are highlighted as major regional belts.

Company Overview: Life Science Analytics Market

This section of the report offers a detailed section on key contributors in life science analytics market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated.

The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in life science analytics market.