Europe Life Science Analytics Market Size & Outlook
Europe life science analytics market, 2018-2030 (US$M)
Related Markets
Europe life science analytics market highlights
- The Europe life science analytics market generated a revenue of USD 4,976.4 million in 2023.
- The market is expected to grow at a CAGR of 10.3% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,976.4 million |
| Market revenue in 2030 | USD 9,891.6 million |
| Growth rate | 10.3% (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, Europe region accounted for 26.4% 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 |
|---|
Europe 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 59.46% in 2023. Horizon Databook has segmented the Europe life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in Europe is under pressure, owing to various key factors such as rising costs, increasing prevalence of chronic conditions, rapidly aging population, growing demand for treatments, and stagnating or shrinking healthcare workforce that is threatening its sustainability.
The industry also faces issues due to structural inefficiencies in certain European countries. The move to value-based healthcare is expected to strengthen the demand for better patient outcomes at a more sustainable cost.
According to the information reported by the Centre for Promotion of Imports (CPI), currently many European countries are facing a huge financial burden due to the increasing healthcare expenditure.
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Target buyers of Europe 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 Europe life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe life science analytics market size, by country, 2018-2030 (US$M)
Europe Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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