#life science analytics market size

[health-views-updates]

Life Science Analytics Market Size & Share Outlook 2024-2032: Key Players & Trends

The global Life Science Analytics Market is poised for significant growth, driven by increasing demand for data-driven insights and advanced technologies in the healthcare and pharmaceutical sectors. According to a recent report published by SNS Insider, the market is projected to witness substantial revenue growth due to innovations in analytics tools, the rising adoption of artificial intelligence (AI), and advancements in cloud computing. The report on Life Science Analytics Market Revenue highlights the critical factors propelling this upward trajectory, including the increasing need for actionable insights to drive decision-making processes in life sciences.

The life science analytics market encompasses a broad range of analytics tools, techniques, and platforms that are used to analyze data within various life science domains, including pharmaceuticals, biotechnology, and medical devices. With data becoming more abundant, stakeholders across the life sciences ecosystem are increasingly leveraging advanced analytics to interpret complex datasets and extract valuable insights. These insights help in improving drug discovery, enhancing clinical trials, optimizing patient care, and ensuring regulatory compliance. Moreover, the integration of machine learning and predictive analytics has bolstered the capabilities of life science analytics platforms, enabling healthcare professionals and businesses to forecast trends, improve operational efficiency, and reduce costs.

One of the key factors driving the growth of the life science analytics market is the rising adoption of advanced data analytics in clinical research and drug development. Analytics tools help to streamline the process of identifying potential drug candidates, testing their effectiveness, and conducting post-market surveillance. By leveraging big data analytics, companies can minimize the time and cost required for drug development, accelerating time-to-market for life-saving treatments. Additionally, personalized medicine is another significant factor contributing to the demand for life science analytics, as tailored therapies and treatments become more mainstream. Personalized approaches require precise data analysis to predict patient responses and outcomes.

Get Free Sample Report@ https://www.snsinsider.com/sample-request/1896

The market is also benefiting from the growth in the number of healthcare organizations and pharmaceutical companies turning to cloud-based solutions for better data management and storage. Cloud computing not only ensures the scalability of analytics tools but also makes them more accessible, allowing smaller companies to benefit from these advanced technologies. Furthermore, cloud-based life science analytics tools have become an essential part of digital health initiatives, contributing to improvements in patient care, reducing operational costs, and facilitating better decision-making.

Additionally, the ongoing digital transformation in healthcare has seen the integration of Internet of Things (IoT) technologies in life sciences. With IoT devices becoming more widespread, the volume of data collected from patients, research studies, and clinical trials has surged, further enhancing the demand for life science analytics solutions. The ability to seamlessly process and analyze this data in real-time has proven invaluable in offering personalized treatments, detecting diseases at early stages, and ensuring better patient outcomes.

The report also highlights regional trends within the life science analytics market, with North America dominating due to the presence of major pharmaceutical companies, advanced healthcare infrastructure, and high healthcare spending. However, the Asia-Pacific region is expected to witness the fastest growth, driven by increasing investments in healthcare, the growing adoption of digital health technologies, and a rising number of clinical trials.

Moreover, the life science analytics market is facing challenges such as data privacy concerns, regulatory barriers, and a lack of skilled professionals to interpret complex datasets. Despite these challenges, the opportunities presented by advancements in AI, machine learning, and cloud technologies are expected to drive the market forward. The report offers a comprehensive analysis of the key players in the market, including Accenture, IBM, SAS Institute, and Oracle, providing insights into their strategic initiatives and market positioning.

The growing trend of outsourcing analytics services to specialized firms is also contributing to the market's expansion. By outsourcing, companies can access high-quality expertise in data analytics without the need to invest heavily in in-house resources. This trend is expected to fuel the demand for life science analytics services, as organizations across various verticals look to leverage external expertise to gain a competitive edge.

As the life science analytics market continues to expand, innovations in artificial intelligence and machine learning are likely to play an even more significant role. These technologies can help analyze large, complex datasets faster and more accurately, uncovering new insights and transforming healthcare practices. The evolution of life science analytics will have a profound impact on the efficiency of drug discovery, clinical trials, and patient care, leading to better health outcomes globally.

In conclusion, the life science analytics market is set for impressive growth in the coming years, as demand for data-driven solutions and advancements in technology continue to reshape the healthcare and pharmaceutical industries. With the increasing need for personalized medicine, cloud computing, and machine learning applications, the market will witness substantial investment and innovation. Companies in the healthcare space should closely monitor these developments to stay ahead of the curve and capitalize on the growth opportunities within this dynamic industry.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

[industrynewsupdates]

Life Science Analytics Market Scenario, Size, Outlook and Forecast Report, 2030

The global life science analytics market size was valued at USD 9.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. 

The life science industry is rapidly adopting analytics and relies on descriptive and reporting analysis in building databases and uses prescriptive and predictive analysis in estimating future trends and results, which is anticipated to propel the market growth. Another key driving force significantly impacting the life sciences industry is the rising influence of social media and the internet, which directly impacts patient engagement and drives the adoption of analytical solutions. Healthcare facilities and life science organizations are readily adopting analytical solutions to enhance clinical, financial, and operational outcomes and minimize healthcare expenditure, which will drive the market.

Life science organizations are rapidly implementing advanced analytics in their various functionalities such as supply chain, R&D activities, clinical trial designing, regulatory compliance, sales and marketing, and pharmacovigilance. Life science organizations and other healthcare industry stakeholders are rapidly adopting advanced data mining techniques and big data analytics to accurately analyze the population at high risk and strategize accordingly to drive the market. Healthcare financing organizations and government bodies are implementing predictive analytics in claims management and prevention of frauds, which is further boosting market growth.

Gather more insights about the market drivers, restrains and growth of the Life Science Analytics Market

Life Science Analytics Market Report Highlights

• The services component segment dominated the market in 2022 due to the lack of expertise and resources in life science organizations, which drives them to outsource these services

• The descriptive type segment led the market in 2022 owing to the rising adoption of descriptive analytics on historic datasets to understand the current business scenarios

• The sales and marketing support application segment captured the largest revenue share in 2022 owing to the rising adoption of analytical solutions in enhancing customer responsiveness and engagement to improve sales productivity

• The on-demand delivery segment dominated the market in 2022 owing to the growing demand for cloud-deployed and web-hosted analytical solutions

• By end-user, the pharmaceutical segment held the largest revenue share in 2022 owing to the rising adoption of analytical solutions in clinical trials management and growing product pipeline

• North America dominated the market in 2022 owing to the availability of adequate healthcare IT infrastructure and higher digital literacy

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global pharmacy inventory management software solutions and cabinets market size was valued at USD 6.10 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.

• The global healthcare predictive analytics market size was estimated at USD 14.58 billion in 2023 and is projected to grow at a CAGR of 24.0% from 2024 to 2030. 

Life Science Analytics Market Segmentation

Grand View Research, has segmented the global life science analytics market on the basis of component, type, application, delivery, end-user, and region:

Life Science Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Services

Life Science Analytics Type Outlook (Revenue, USD Million, 2018 - 2030)

• Reporting

• Descriptive

• Predictive

• Prescriptive

Life Science Analytics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Research and Development

• Sales and Marketing Support

• Regulatory Compliance

• Supply Chain Analytics

• Pharmacovigilance

Life Science Analytics Delivery Outlook (Revenue, USD Million, 2018 - 2030)

• On-demand

• On-premises

Life Science Analytics End User Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Device

• Pharmaceutical

• Biotechnology

• Others

Life Science Analytics  Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o Japan

o China

o India

o South Korea

o Australia

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Life Science Analytics Market Intelligence Study, published by Grand View Research.

[marketreports-blog]

According to latest study, the global life science analytics market size was exhibited at USD 11.63 billion in 2023 and is projected to hit around USD 26.63 billion by 2033, growing at a CAGR of 8.64% during the forecast period 2024 to 2033.

[luckydige45]

In the rapidly growing field of global life science analytics Market size was valued at USD 11.63 billion in 2023 and is projected to reach USD 26.63 billion by 2032, growing at a CAGR of 8.64% from 2023 to 2032 according to a new report by Nova One Advisor.

[soumyafwr]

https://uchatoo.com/read-blog/4838_life-sciences-and-analytical-reagents-market-share-overview-competitive-analysis.html

Life Sciences and Analytical Reagents Market Share, Overview, Competitive Analysis and Forecast 2031

[qyresearchmedica]

The global life science analytics software market size was $5.35 billion in 2022, and is expected to reach $16.04 billion by 2032 at a CAGR of 13.3% from 2023 to 2032

[vidyalive]

Online MBA Programs: Empowering Professionals to Climb the Corporate Ladder

 Significance of Online MBA to Working Professionals

The business world of today is accelerating at a rapid pace, and getting an Online MBA has become more like a lifesaver for most working professionals.

They can easily juggle their work, personal life, and studies with the flexibility and the convenience this provides.

This is particularly more important for professionals who want to specialize in niche fields such as Finance, Operations, Human Resource Management (HRM), Media and Advertisement, Business Analytics, or Petroleum and Natural Gas.

Career After Online MBA in Finance

One of the most in-demand specializations from an Online MBA is finance.

Finance will always be the core of any organization, and thus the demand for finance professionals is always on the increase year by year.

Graduates of the online MBA in finance are largely financial analysts, investment bankers, risk managers, or financial consultants.

Moreover, financial institutions, international companies, and start-ups aggressively hire finance specialisation graduates.

The three significant recruiters are Goldman Sachs, JP Morgan Chase, and Deloitte.

The latest salary survey indicates that finance management MBA graduates may get a joining salary that can be within the range of INR 8 to 20 lakh depending upon experience and market demand.

Top Institutions and NIRF Ranking for Finance MBA

Indian Institute of Management (IIM), Bangalore, and Xavier School of Management (XLRI), Jamshedpur, are among the top ranked under NIRF for finance related MBA programs.

These institute provide some of the best Online MBA courses in Finance with placement rates consistently over 90%.

Career After Online MBA in Operations

Another much sought MBA major is Operations Management. An Online MBA in Operations develops professional competencies in logistics, supply chain management, quality control, and project management.

Without these people, the whole world would come grinding to a halt: global trade and e-commerce cannot work without them.

After MBA, this professional may seek jobs that include operations management, a supply chain analyst, a logistics manager, and a production manager.

Some of its biggest recruiters are Amazon, Flipkart, and Tata Consultancy Services (TCS).

The average salary for MBA graduates In the category of operations would range between INR 7 to 18 lakhs per annum, though one could get very high packages for senior jobs like Operations Head.

Institutes of Repute and NIRF Ranking of Operations MBA

Many of the leading colleges across the country focus much on operations management, and some of them include Indian Institute of Technology, Delhi and IIM Ahmedabad.

Career after an online MBA in Human Resource Management

HRM has evolved from merely being involved in offering services related to payroll and recruitment.

The Online MBA in HRM prepares professionals for the role of an HR manager.

The average salary of an MBA in HRM is between INR 6 to 15 lakhs per annum, while top HR professionals make much higher amounts depending on their experience and the organization size they work for.

List of Top Institutions and NIRF Ranking for MBA in HRM:

HRM MBA specializations are the most sought in Tata Institute of Social Sciences, Mumbai, and XLRI, Jamshedpur.

The value added to different sectors through leadership by skillful human resource professionals coming out of these institutes is simply exceptional.

Career After Online MBA in Media and Advertisement

The biggest shift in the media and advertising industry, as a whole, has been with the rise of digital platforms.

An Online MBA in Media and Advertisement prepares professionals to handle brand campaigns, digital marketing, and media planning.

For MBA graduates in the media and advertisement sector, salaries can be as low as INR 5 lakh per annum and high as INR 15 lakh for an experienced professional.

Top Institutions and NIRF Ranking for Media and Advertisement MBA

Such institutes that host robust programs for media and advertisement include Mudra Institute of Communications (MICA), Ahmedabad, and Symbiosis Institute of Media and Communication, Pune.

Career After Online MBA in Business Analytics

It’s an extremely high-profile field of doing business, especially in data-driven decision-making for the success of the business.

The most prominent roles in this field are that of a business analyst, data scientist, and analytics manager.

The average pay level is from INR 8 to 22 lakh a year, making it one of the highest-paid specializations.

Top Institutions and NIRF Ranking for Business Analytics MBA

IIM Calcutta and Great Lakes Institute of Management, Chennai, are top-ranked institutions for Online MBA in Business Analytics.

Career After Online MBA in Petroleum and Natural Gas

Online MBA in the field of petroleum and natural gas is one of the most competitive areas of work, and it presents excellent opportunities for jobs including energy consultants, operations managers in oil and gas firms, and environmental sustainability managers.

The Indian Oil Corporation, ONGC, and Reliance Petroleum are amongst the major recruiters in this industry.

Within a range of INR 10 lakh to INR 25 lakh per annum, the average salary after completion of the Online MBA in petroleum and natural gas ranks this amongst the most paid industries.

Top Institutions and NIRF Ranking for MBA in Petroleum and Natural Gas

Leading institutions of this type in Uttar Pradesh are the Rajiv Gandhi Institute of Petroleum Technology, and the University of Petroleum and Energy Studies is located in Dehradun.

Salary, Jobs, and Recruiters After Online MBA

The salary prospects normally differ for an Online MBA candidate depending upon the specialisation and industry of the candidate along with their past experiences.

Normally, the salary at the entry level ranges between Rs. 6 lakh and Rs. 20 lakh per year in all sectors, while business analytics, finance, and petroleum sectors provide the highest package.

The top companies recruiting from all the different spheres include Amazon, Infosys, JP Morgan, Wipro, and PwC.

Generally, most of the recruitment drives happen through campus placements and online portals of the hiring agencies.

Conclusion

The advantage for working professionals in an Online MBA is that it offers increased flexibility to advance their careers and not necessarily take a break from work.

It has to be with a specialization that aligns with your career aspirations:

Finance, Operations, HR, Business Analytics, or niche fields like Petroleum and Media.

An Online MBA really does enhance your earning capability and job prospects.

With top-ranking institutions, you can rest assured that you are well-equipped for leadership roles in your chosen field.

[latestmarketresearchnews]

Life Science Analytics Market 2030 Outlook, Regions, Size Estimation and Upcoming Trend

The global life science analytics market was valued at USD 9.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. This growth is primarily driven by the life sciences industry’s increasing reliance on analytics. Life sciences organizations are using descriptive and reporting analytics to build extensive databases and leveraging prescriptive and predictive analytics to forecast trends and outcomes. This analytics integration is crucial for enhancing decision-making and is expected to propel the market forward.

One of the significant factors contributing to this growth is the rising impact of social media and internet usage, which enhances patient engagement and influences the adoption of analytical solutions across the life sciences sector. Healthcare facilities and life science organizations are increasingly adopting analytics to improve clinical, financial, and operational outcomes. These analytics solutions help to optimize resource use and minimize healthcare expenses, adding momentum to the market's expansion.

Life science companies are using advanced analytics for various operational functions, including supply chain management, research and development (R&D), clinical trial design, regulatory compliance, sales, marketing, and pharmacovigilance. The widespread adoption of big data analytics and data mining techniques allows these organizations to identify and manage high-risk populations, thereby supporting informed strategic decisions. Government bodies and healthcare financing organizations also rely on predictive analytics to manage claims, prevent fraud, and improve cost efficiencies, further driving market growth.

Gather more insights about the market drivers, restrains and growth of the Life Science Analytics Market

The COVID-19 pandemic placed unprecedented pressure on healthcare systems, highlighting the need for advanced technologies to support the digital transformation of healthcare. During this time, there was a significant surge in the demand for analytical solutions in life sciences. Analytics played a critical role in managing vaccines, medical supplies, medicines, and other essential resources. This heightened demand during the pandemic has accelerated the adoption of life science analytics solutions across various sectors within the industry.

Furthermore, there is an increasing need for personalized medication, which relies on analyzing diverse human genome combinations and leveraging datasets generated through eHealth, mHealth, and electronic health records (EHR). The application of analytics in these areas aims to enhance patient care and treatment customization. As a result, companies in the market are developing strategies to incorporate artificial intelligence-based algorithms into data analytics. This integration allows organizations to mine valuable information from health datasets, enabling tailored treatment approaches and improving patient outcomes.

End-user Segmentation Insights:

In 2022, the pharmaceutical sector dominated the life science analytics market, accounting for a revenue share of over 46.7%. This dominance is attributed to the sector’s adoption of analytical solutions to improve resource management, drug discovery, and development processes, as well as to streamline clinical trials and drug utilization. For example, SAS Institute, Inc.’s SAS Life Science Analytics Framework was utilized in November 2020 to support the management of COVID-19 vaccine clinical trials. This framework allowed real-time data transformation, delivering data-enriched insights to enhance trial outcomes.

Biotechnology companies are expected to exhibit the fastest growth rate in the market, with a projected CAGR of 8.7% over the coming years. This rapid growth can be attributed to the increased adoption of analytical solutions in genome sequencing and analysis. Personalized data analytics solutions are also fueling the biotechnology segment’s expansion by facilitating precision medicine and personalized treatment plans. For instance, in May 2021, a partnership between Wipro and Transcell Oncologies aimed to improve vaccine safety assessments. This collaboration leveraged Transcell’s advanced stem cell technology alongside Wipro Holmes’ augmented intelligence platform to enhance vaccine research, safety, and efficacy assessments.

In conclusion, the growing application of analytics across various functions within life sciences, along with advancements in technology and data processing capabilities, is driving significant growth in the life science analytics market.

Order a free sample PDF of the Life Science Analytics Market Intelligence Study, published by Grand View Research.

[health-views-updates]

Life Science Analytics Market Forecast: Key Trends to Watch in 2024

Life Science Analytics Market Outlook, Scope & Overview:

Industry reports indicate that the global life science analytics market was valued at USD 9.89 billion in 2023 and is projected to reach USD 18.96 billion by 2031, growing at a CAGR of 7.61% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Life Science Analytics Market

The adoption of advanced analytics solutions in the life sciences sector will continue to influence global market revenues. Healthcare and pharmaceutical companies are increasingly turning to analytics to enhance decision-making, improve operational efficiency, and drive innovation in drug development and patient care.

As an application segment, descriptive analytics currently holds a significant share of the global life science analytics market. This segment is anticipated to grow at a year-over-year rate of 7.61% in 2024 over 2023 and contribute significantly to market revenues by 2031. The demand for descriptive analytics is driven by its ability to provide insights into historical data, helping organizations understand trends and patterns in the life sciences sector.

Life Science Analytics – Market Dynamics

Drivers:

The increasing adoption of data-driven decision-making processes in the life sciences industry is a major driver for the growth of the life science analytics market. Analytics solutions are being extensively used for clinical trials, regulatory compliance, and personalized medicine, which enhances their utility in the industry. Moreover, the growing volume of data generated from various sources such as clinical trials, research studies, and electronic health records is fueling the demand for robust analytics solutions.

Restraints:

Despite the growth potential, challenges such as data privacy concerns and the high cost of analytics solutions are hindering the widespread adoption of life science analytics. Additionally, the complexity of integrating analytics solutions with existing systems and the need for skilled professionals to manage and interpret data are other significant barriers to market growth.

Life Science Analytics – Market Outlook

The effective use of analytics in the life sciences sector has boosted the prominence of these solutions in the global market. Analytics solutions are projected to witness a steady increase in demand, particularly in developed regions where there is a higher focus on precision medicine and personalized healthcare.

Global Life Science Analytics Market

The rise in demand for life science analytics solutions in North America, Europe, and the Asia Pacific regions is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global life science analytics market, with the US being a key contributor to market revenues. Europe and the Asia Pacific regions are also experiencing a surge in demand for analytics solutions, driven by advancements in technology and increasing investments in the life sciences sector.

Key Players in the Life Science Analytics Market

Leading companies in the life science analytics market include SAS Institute, IBM Corporation, Oracle Corporation, and Accenture. These companies offer a range of analytics solutions, including descriptive, predictive, and prescriptive analytics, tailored to meet the needs of the life sciences industry.

In conclusion, the global life science analytics market is poised for steady growth over the forecast period, driven by technological advancements, increasing adoption of data-driven decision-making processes, and the growing need for effective data management and analysis in the life sciences sector.

[industrynewsupdates]

Artificial Intelligence In Healthcare Market Growth: A Deep Dive Into Trends and Insights

The global AI in healthcare market size is expected to reach USD 187.7 billion by 2030, registering a CAGR of 38.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. AI acts as a transformative force in healthcare systems, shifting them from reactive to proactive, predictive, and preventive models. Clinical decision support systems, fueled by artificial intelligence (AI), empower physicians and healthcare professionals with predictive and real-time analytics, enhancing decision-making and elevating care quality, ultimately resulting in improved patient outcomes. Furthermore, AI facilitates a comprehensive understanding of disease biology and patient pathology, advancing precision medicine and precision public health initiatives.

Furthermore, the growing field of life sciences R&D opens numerous opportunities for market growth, with AI's ability to process vast volumes of multidimensional data playing a crucial role. This capability accelerates the generation of novel hypotheses, expedites drug discovery and repurposing processes, and significantly reduces costs and time to market through the utilization of in silico methods. In essence, AI drives innovation and efficiency across the healthcare sector, revolutionizing healthcare delivery worldwide. AI-based technologies are implemented in various healthcare domains, including virtual assistants, robot-assisted surgeries, claims management, cybersecurity, and patient management.

Gather more insights about the market drivers, restrains and growth of the Artificial Intelligence In Healthcare Market

AI In Healthcare Market Report Highlights

• The software solutions component segment dominated the global market in 2023 with the largest revenue share of 46.3%. This large share is attributed to the widespread adoption of AI-based software solutions among care providers, payers, and patients

• The robot-assisted surgery application segment dominated the market in 2023 with the largest revenue share and it is anticipated to witness the fastest CAGR from 2024 to 2030

• A rise in the volume of robot-assisted surgeries and increased investments in the development of new AI platforms are a few key factors supporting the penetration of AI in robot-assisted surgeries

• The machine learning (ML) technology segment held the largest share in 2023 as a result of advancements in ML algorithms across various applications. This trend is expected to continue due to the increasing demand for ML technologies

• The healthcare payers end-use segment is anticipated to experience the fastest CAGR from 2024 to 2030

• In 2023, North America dominated the industry and held the largest share of over 45% owing to advancements in healthcare IT infrastructure, readiness to adopt advanced technologies, presence of several key players, growing geriatric population, and rising prevalence of chronic diseases

• In Asia Pacific, the market is anticipated to witness significant growth over the forecast period

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global identity and access management in healthcare market size was estimated at USD 1.4 billion in 2023 and is estimated to grow at a CAGR of 17.4% from 2024 to 2030.

• The global digital health for musculoskeletal care market size was estimated at USD 3.8 billion in 2023 and is projected to grow at a CAGR of 17.4% from 2024 to 2030.

AI In Healthcare Market Segmentation

Grand View Research, Inc. has segmented the global AI in healthcare market on the basis of component, application, technology, end-use, and region:

Artificial Intelligence (AI) In Healthcare Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

o Processor

o MPU (Memory Protection Unit)

o FPGA (Field-programmable Gate Array)

o GPU (Graphics Processing Unit)

o ASIC (Application-specific Integrated Circuit)

o Memory

o Network

o Adapter

o Interconnect

o Switch

• Software Solutions

o AI Platform

o Application Program Interface (API)

o Machine Learning Framework

o AI Solutions

o On-premise

o Cloud-based

• Services

o Deployment & Integration

o Support & Maintenance

o Others (Consulting, Compliance Management, etc.)

Order a free sample PDF of the Artificial Intelligence In Healthcare Market Intelligence Study, published by Grand View Research.

[marketanalysisdata]

Life Science Analytics Market - Industry Size, Growth, Applications, Opportunities and Forecasts to 2030

In 2022, the global life science analytics market was valued at USD 9.0 billion and is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. Analytics is being increasingly adopted across the life science industry, which uses descriptive and reporting analytics for database building and relies on prescriptive and predictive analytics to estimate future trends and outcomes. This shift towards data-driven decision-making is expected to drive market growth. Another significant factor propelling growth is the influence of social media and the internet, which has increased patient engagement and accelerated the adoption of analytical solutions. Life science organizations and healthcare facilities are adopting these solutions to improve clinical, financial, and operational results, aiming to reduce healthcare expenses, a key market driver.

Life science organizations are implementing advanced analytics across functions, including supply chain management, R&D, clinical trial design, regulatory compliance, sales, marketing, and pharmacovigilance. Data mining and big data analytics are also being rapidly adopted to analyze high-risk populations more effectively and to strategize accordingly, further driving market expansion. Additionally, healthcare financing organizations and government bodies are leveraging predictive analytics in claims management and fraud prevention, which continues to boost growth.

The Covid-19 pandemic highlighted the limitations of existing healthcare systems, showcasing the potential of advanced technologies in supporting the digitalization of healthcare. Consequently, demand for life science analytics surged as these solutions played a vital role in managing vaccines, medical supplies, medicines, and other essential resources during the pandemic.

Gather more insights about the market drivers, restrains and growth of the Life Science Analytics Market

For instance, Moderna entered a partnership with IBM to efficiently manage their vaccination program using advanced analytics and hybrid computing. Moreover, the increasing prevalence of non-communicable diseases, coupled with the growing global geriatric population and growing demand for enhanced patient care experience, is anticipated to contribute to the growing demand for analytical solutions over the forthcoming years. Life science organizations and other healthcare industry players are using analytical solutions in advanced revenue cycle management and population health management programs.

Analytical solutions are being adopted to cater to the rising demand for personalized medication using different human genome combinations using datasets generated through eHealth, mHealth, and electronic health records (EHR). The use of analytical solutions is focused on improving the patient care experience. Furthermore, market players are devising strategies to integrate artificial intelligence-based algorithms into data analytics to efficiently mine data from health datasets, which would aid organizations in customizing different treatment approaches.

Component Segmentation Insights:

In 2022, the services segment led the life science analytics market, accounting for over 57.1% of total revenue. This dominance is largely due to a growing trend of outsourcing services, including planning, training, staffing, implementation, and maintenance, as life science organizations often lack the expertise and resources for in-house analytics management. The services segment is expected to grow at a fast rate of 8.1% over the forecast period, with its rapid growth attributed to multi-service packages offered by outsourcing companies to major industry players.

The increased digitalization of healthcare and the advancement of healthcare IT infrastructure across both developed and emerging markets are boosting demand for analytics solutions and associated services. Rising digital literacy and supportive government initiatives further promote this demand. Additionally, the integration of artificial intelligence (AI) algorithms in analytical solutions and the widespread adoption of big data analytics are fueling the services segment. The emergence of new startups, increasing technological collaborations, and favorable funding options also positively impact this segment's growth, which is expected to continue strongly over the forecast period.

Order a free sample PDF of the Life Science Analytics Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Life Science Analytics Market 2030 Future Scope, Size Estimation, Regional Outlook

In 2022, the global life science analytics market was valued at USD 9.0 billion and is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. Analytics is being increasingly adopted across the life science industry, which uses descriptive and reporting analytics for database building and relies on prescriptive and predictive analytics to estimate future trends and outcomes. This shift towards data-driven decision-making is expected to drive market growth. Another significant factor propelling growth is the influence of social media and the internet, which has increased patient engagement and accelerated the adoption of analytical solutions. Life science organizations and healthcare facilities are adopting these solutions to improve clinical, financial, and operational results, aiming to reduce healthcare expenses, a key market driver.

Life science organizations are implementing advanced analytics across functions, including supply chain management, R&D, clinical trial design, regulatory compliance, sales, marketing, and pharmacovigilance. Data mining and big data analytics are also being rapidly adopted to analyze high-risk populations more effectively and to strategize accordingly, further driving market expansion. Additionally, healthcare financing organizations and government bodies are leveraging predictive analytics in claims management and fraud prevention, which continues to boost growth.

The Covid-19 pandemic highlighted the limitations of existing healthcare systems, showcasing the potential of advanced technologies in supporting the digitalization of healthcare. Consequently, demand for life science analytics surged as these solutions played a vital role in managing vaccines, medical supplies, medicines, and other essential resources during the pandemic.

Gather more insights about the market drivers, restrains and growth of the Life Science Analytics Market

For instance, Moderna entered a partnership with IBM to efficiently manage their vaccination program using advanced analytics and hybrid computing. Moreover, the increasing prevalence of non-communicable diseases, coupled with the growing global geriatric population and growing demand for enhanced patient care experience, is anticipated to contribute to the growing demand for analytical solutions over the forthcoming years. Life science organizations and other healthcare industry players are using analytical solutions in advanced revenue cycle management and population health management programs.

Analytical solutions are being adopted to cater to the rising demand for personalized medication using different human genome combinations using datasets generated through eHealth, mHealth, and electronic health records (EHR). The use of analytical solutions is focused on improving the patient care experience. Furthermore, market players are devising strategies to integrate artificial intelligence-based algorithms into data analytics to efficiently mine data from health datasets, which would aid organizations in customizing different treatment approaches.

Component Segmentation Insights:

In 2022, the services segment led the life science analytics market, accounting for over 57.1% of total revenue. This dominance is largely due to a growing trend of outsourcing services, including planning, training, staffing, implementation, and maintenance, as life science organizations often lack the expertise and resources for in-house analytics management. The services segment is expected to grow at a fast rate of 8.1% over the forecast period, with its rapid growth attributed to multi-service packages offered by outsourcing companies to major industry players.

The increased digitalization of healthcare and the advancement of healthcare IT infrastructure across both developed and emerging markets are boosting demand for analytics solutions and associated services. Rising digital literacy and supportive government initiatives further promote this demand. Additionally, the integration of artificial intelligence (AI) algorithms in analytical solutions and the widespread adoption of big data analytics are fueling the services segment. The emergence of new startups, increasing technological collaborations, and favorable funding options also positively impact this segment's growth, which is expected to continue strongly over the forecast period.

Order a free sample PDF of the Life Science Analytics Market Intelligence Study, published by Grand View Research.

[reahgtueyj]

Explore the Best MBA PGDM colleges in Mumbai: A Detailed guide

Mumbai is popularly referred to as the "City of Dreams," where not only finance and entertainment flourish, but it also happens to be a flagship destination for management education in India. Since there is plenty of choice, any student interested in studying MBA or PGDM would find many options ranging from good to excellent institutes. This blog gives some details on the top MBA PGDM colleges in Mumbai.

1.S.P. Jain Institute of Management and Research (SPJIMR) SPJIMR is recognized for its value-based leadership and innovative methods of teaching. The Institute offers a host of programmes, but the flagship, the Post Graduate Diploma in Management (PGDM) is focused on real problems of business life. There is the 'ABG (A Birla Group) Leadership Series,' which gives the students inside information from the industry heads in current market dynamics.

Jamnalal Bajaj Institute of Management Studies (JBIMS) JBIMS is the flagship institute in management education with a very strong curriculum that is finance and marketing-centric. The institute provides much theoretical knowledge with practical exposure through case studies, live projects. They have strong interfaces with the corporate world, assuring excellent placement opportunities as more of their alumni hold key positions in most top companies.

Narsee Monjee Institute of Management Studies (NMIMS)

NMIMS is known for academic intensity and diverse specialization areas. In keeping with the concept of 'integrated learning', NMIMS has collaborations with the industry and through internships. The campus life is vibrant and, at the same time, insists on complete development of an individual to meet modern business challenges as an overall professional.

K.J. Somaiya Institute of Management Studies and Research

K.J. Somaiya Institute of Management Studies and Research is more about ethics in business and sustainability. The PGDM course here is complete and is also very strong on experiential learning. The students are involved in real-time projects with industry partners. This helps the students to take leadership positions in socially responsible organizations.

Shailesh J. Mehta School of Management (SJMSOM)

SJMSOM is one of the constituent schools of IIT Bombay and combines principles of engineering with management education. The MBA program is for analytical thinkers; therefore, the curriculum of this school encourages students to solve business problems using technical thought. Innovation and entrepreneurship provide a great platform for graduating to become leaders in the present marketplace, which is so dominated by technology.

6.Tata Institute of Social Sciences (TISS)

TISS is known for its offbeat way of learning management, combining social causes and sustainable business. Its focus on MBA in HRM related to social equity and responsible leadership makes it the ideal destination for students interested at the crossroads of business and social impact.

Welingkar Institute of Management Development and Research (WeSchool)

Welingkar is known to provide creative management education that blends traditional learning with new practices. Its focus is on design thinking and developing entrepreneurial skills, which will allow students to adapt to changes in the business environment that are happening at a lightening pace. The exposure to global programs by this institute adds to the value of learning.

Institute of Management Studies (IMS) Mumbai

Less known IMS Mumbai is never at par with others in terms of richness that the PGDM program holds in it, in which skill development and practical exposure are indeed highly given importance. The institute hails from personal attention shown towards students through class size small enough to render students a congenial platform for collaborative pursuit. Its ever-strong placement support and industry links ensure career prospects for their students.

Why Mumbai is the Right Choice for Your MBA Journey

1.Career Opportunities: The capital, Mumbai, is a financial powerhouse offering significant job opportunities in finance and marketing and various technology fields. 2.Cultural Variability: Multiculturality by the city allows a student exposure to different kinds of thinking and enriches their academic experience. 3.Industry Connection: The city is close to major corporations and startups, providing opportunities for internships, networking events, and guest lectures to students, thus enhancing business knowledge.

This would be the right move toward choosing the right kind of MBA or PGDM college in Mumbai, one that will shape your entire future career. The variety it offers and the tight-knit industry connections provided in the city make a place for aspiring management professionals like no other. During selection, one should go by faculty expertise, facilities, and placement records while making a choice. With this investment in education at Mumbai, you not only learn but also prepare a ground for your successful business career. Grab these opportunities and enjoy in the pulsating city! For more info visit: https://careermantra.net/