Canada Life Science Analytics Market Size & Outlook
Canada life science analytics market, 2018-2030 (US$M)
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Canada life science analytics market highlights
- The Canada life science analytics market generated a revenue of USD 1,290.8 million in 2023 and is expected to reach USD 2,712.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.2% 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 1,290.8 million |
| Market revenue in 2030 | USD 2,712.6 million |
| Growth rate | 11.2% (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, Canada accounted for 6.8% 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 North America, U.S. life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,712.6 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 55.45% in 2023. Horizon Databook has segmented the Canada life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
A publicly funded healthcare system delivers health care in Canada. Canada’s healthcare sector is facing increased demand resulting from the growing chronic diseases and an aging population. These both factors are anticipated to boost demand on health systems and showcases increasing need for technological advancements and adoption.
Increased healthcare spending is expected to boost the development and adoption of analytics in the country’s life sciences market, thereby propelling the overall growth of the market. The country has its own established standards of telehealth.
For instance, Canada Health Infoway is a federally funded organization, which aims to boost the adoption of digital solutions in healthcare. This agency has aided in funding various digital health solutions such as electronic health record registries, imaging system, and infrastructure laboratory system.
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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 Canada life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into Canada life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada life science analytics market size, by component, 2018-2030 (US$M)
Canada Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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