According to the new market research report "Life Science Analytics Market, by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), Application (Research and Development, Clinical Trials, Preclinical Trials, Sales and Marketing Support, Regulatory Compliance, Supply Chain Analytics, Pharmacovigilance), Component (Software, Services), End user (Pharmaceutical and Biotechnology Companies, Medical Device Companies, Research Centers, Third-party Administrators (TPAs) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022" published by Scalar Market Research, the global Life Science Analytics Market is expected to grow at a healthy rate during the forecast period.
Chicago, IL -- (SBWIRE) -- 05/16/2017 -- The report "Life Science Analytics Market" tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the life science analytics market. The scope of this report covers the life science analytics market by its major segments, which include the types, applications, and the major geographic regions.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The growth of this market is mainly driven by factors such as 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, rising prevalence of chronic diseases, increasing pressure to curb healthcare spending, and growing need for improved patient outcomes.
2. Moreover, increasing focus on value-based medicine, use of analytics in precision and personalized medicine, cloud-based analytics, and use of big data analytics to increase R&D productivity, and emergence of social media and its impact on the life science industry provide significant growth opportunities in the market.
3. However, lack of skilled professionals and financial constraints may hinder the growth of this market during the forecast period.
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About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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