Asia Pacific Life Science Analytics Market Size & Outlook
Asia Pacific life science analytics market, 2018-2030 (US$M)
Related Markets
Asia Pacific life science analytics market highlights
- The Asia Pacific life science analytics market generated a revenue of USD 3,210.7 million in 2023.
- The market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,210.7 million |
| Market revenue in 2030 | USD 7,943.7 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Oracle Corp, IQVIA Holdings Inc, SAS, Cognizant Technology Solutions Corp Class A, International Business Machines Corp, Accenture PLC Class A, Wipro Ltd ADR, TAKE Solutions |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.0% of the global life science analytics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,943.7 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 life science analytics market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 58.86% in 2023. Horizon Databook has segmented the Asia Pacific life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is varied with respect to political systems, cultural settings, economic development, and disease profiles. Healthcare has been constantly advancing and making its presence into developing and underdeveloped regions and is expected to overtake EU region as the world’s second-largest healthcare market.
The Asia Pacific region is anticipated to experience steady growth and increase in skilled IT personnel. Supportive government policies and increasing prevalence of chronic diseases are boosting the market in this region. Growing demand for life science analytics and related services as a result of increasing government spending on healthcare is expected to favor market growth in Asia Pacific.
In addition, China is considered as the home for low-cost electronic devices and components, and this is expected to attract more investors in China as well as other Asian countries. Due to low manufacturing costs and availability of cheap labor, it is easier to do business in the region.
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Target buyers of Asia Pacific life science analytics market databook
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Our clientele includes a mix of 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific life science analytics market size, by country, 2018-2030 (US$M)
Asia Pacific Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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