China Life Science Analytics Market Size & Outlook
China life science analytics market, 2018-2030 (US$M)
Related Markets
China life science analytics market highlights
- The China life science analytics market generated a revenue of USD 679.6 million in 2023 and is expected to reach USD 1,777.7 million by 2030.
- The China market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, 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 679.6 million |
| Market revenue in 2030 | USD 1,777.7 million |
| Growth rate | 14.7% (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, China accounted for 3.6% 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 Asia Pacific, Japan life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,596.5 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 56.64% in 2023. Horizon Databook has segmented the China life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Chinese life science analytics market is expected to grow owing to high unmet healthcare needs of huge population, the market is expected to witness lucrative growth over the forecast period.
The Chinese government laid some action plans for deployment of telehealth related services. For instance, the Health Information Standards Professional Committee (HISPC) of Ministry of Health laid some guidelines regarding standards for adoption of IT in healthcare.
The Chinese government is working to improve healthcare accessibility in rural areas of the country through Regional Healthcare Information Networks (RHINs). These initiatives are expected to enhance the penetration of life science analytics services in China, thereby boosting the market.
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Target buyers of China 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 country-level data and insights on the China life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into China life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China life science analytics market size, by component, 2018-2030 (US$M)
China Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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