China Ai In Life Science Analytics Market Size & Outlook
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China ai in life science analytics market highlights
- The China ai in life science analytics market generated a revenue of USD 62.3 million in 2023 and is expected to reach USD 162.7 million by 2030.
- The China market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, cloud was the largest revenue generating delivery in 2023.
- Cloud is the most lucrative delivery segment registering the fastest growth during the forecast period.
Ai in life science analytics market data book summary
| Market revenue in 2023 | USD 62.3 million |
| Market revenue in 2030 | USD 162.7 million |
| Growth rate | 14.7% (CAGR from 2024 to 2030) |
| Largest segment | Cloud |
| Fastest growing segment | Cloud |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud, On-premise |
| Key market players worldwide | Indegene, Databricks, SAS AB, Sisense, IQVIA Holdings Inc, International Business Machines Corp, Lexalytics, Sorcero, Axtria |
Other key industry trends
- In terms of revenue, China accounted for 3.6% of the global ai in life science analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan ai in life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 162.7 million by 2030.
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AI In Life Science Analytics Market Scope
AI In Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Axtria | View profile | 1001-5000 | Berkeley Heights, New Jersey, United States, North America | http://axtria.com |
| Sorcero | View profile | 51-100 | Washington, District of Columbia, United States, North America | http://www.sorcero.com |
| Lexalytics | View profile | 11-50 | Amherst, Massachusetts, United States, North America | http://www.lexalytics.com |
| Indegene | View profile | 5001-10000 | Princeton, New Jersey, United States, North America | https://www.indegene.com/ |
| Databricks | View profile | 5001-10000 | San Francisco, California, United States, North America | https://databricks.com |
| Sisense | View profile | 501-1000 | New York, New York, United States, North America | http://www.sisense.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| SAS AB | View profile | 8099 | Frosundaviks Alle 1, Solna, Stockholm, Sweden, SE-195 87 | https://www.sasgroup.net |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
China ai in life science analytics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in life science analytics market will help companies and investors design strategic landscapes.
Cloud was the largest segment with a revenue share of 52.33% in 2023. Horizon Databook has segmented the China ai in life science analytics market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
Before 2018, China was the largest importer of plastic waste across the globe due to which country was facing high amount of plastic pollution. In order to reduce plastic pollution and have effective plastic waste management system across the country, from January 2018, China enacted ban on the import of most plastics waste. This ban reduced around 99% of plastic waste imports to the country. Since,
China is one of the most important emerging economies in the world. With the outbreak of the COVID-19 in China and subsequently across the globe is one of the significant factors contributing to the economic slowdown in the country. China is the largest producer of plastic and second-largest plastic waste generating country. Besides, the growing importance of plastics to fuel in the country is expected to aid in reducing landfills. In November 2018, Xinxiang Doing Renewable Energy Equipment Co., Ltd installed two plastic waste pyrolysis plants in Yunnan, China.
In order to regulate the plastic pollution and the amount of plastic waste ending up in landfills, China has introduced several initiatives and regulations to establish complete plastics waste managing systems thought out the country. In January 2019, China announced its plans to a ban the production and use of non-biodegradable plastic goods by 2025 to contain pollution.
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Target buyers of China ai in life science analytics market databook
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Our clientele includes a mix of ai in life science analytics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China ai in life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into China ai in life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China ai in life science analytics market size, by delivery, 2018-2030 (US$M)
China AI In Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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