Brazil Life Science Analytics Market Size & Outlook
Brazil life science analytics market, 2018-2030 (US$M)
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Brazil life science analytics market highlights
- The Brazil life science analytics market generated a revenue of USD 333.6 million in 2023 and is expected to reach USD 765.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.6% 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.
Life science analytics market data book summary
| Market revenue in 2023 | USD 333.6 million |
| Market revenue in 2030 | USD 765.2 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.8% of the global life science analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 523.5 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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Brazil 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 59.5% in 2023. Horizon Databook has segmented the Brazil life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the most lucrative markets for life sciences analytics in Latin America, owing to highest healthcare expenditure in Brazil among the Latin American countries. In addition, the usage of mobile apps, online tools, and wearable devices is increasing in the country, which, in turn, leads to increased adoption of patient engagement and other IT systems in healthcare settings in the country.
Companies today are optimistic about Brazilian healthcare IT market and are willing to invest, anticipating a great future potential. For instance, Agfa Healthcare acquired Brazil’s leading healthcare IT company, and entered into a partnership with hospitals to provide healthcare IT solutions, including analytics.
Increasing scope of digitization, development of IT infrastructure, technological advancements to enhance quality of patient care, and reductions in healthcare expenses are expected to drive the market in the region. In 2019, Brazilian Minister Marcos Pontes, in partnership with public research support and financing entities, created eight AI laboratories with specific focus.
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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 country-level data and insights on the Brazil life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil life science analytics market size, by component, 2018-2030 (US$M)
Brazil Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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