Germany Life Science Analytics Market Size & Outlook
Germany life science analytics market, 2018-2030 (US$M)
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Germany life science analytics market highlights
- The Germany life science analytics market generated a revenue of USD 1,085.6 million in 2023 and is expected to reach USD 2,285.0 million by 2030.
- The Germany 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 1,085.6 million |
| Market revenue in 2030 | USD 2,285.0 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, Germany accounted for 5.8% 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 Europe, Germany life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,285.0 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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Germany 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 59.45% in 2023. Horizon Databook has segmented the Germany life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing elderly population, mounting healthcare expenditure, shift from volume to value-based care, and increasing adoption of analytics by life science companies, health insurers, biopharmaceuticals, medical device companies, and pharmaceutical are key factors expected to drive the market in Germany.
According to PwC Germany, Sherlock in Health discovered that usage of analytics and AI in early detection of diseases can help save around EUR 70.0 billion (USD 84.9 billion) in healthcare costs in Europe over the coming decade. The country’s geriatric population has increased significantly and hence it is highly susceptible to various diseases.
Hence, change in lifestyle and demographics demands new standards for healthcare facilities and services. Increasing prevalence of chronic diseases, coupled with high healthcare costs, is increasing the demand for analytics in life sciences market, which is further driving the market.
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Target buyers of Germany 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 Germany life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into Germany life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany life science analytics market size, by component, 2018-2030 (US$M)
Germany Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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