India Life Science Analytics Market Size & Outlook
India life science analytics market, 2018-2030 (US$M)
Related Markets
India life science analytics market highlights
- The India life science analytics market generated a revenue of USD 608.7 million in 2023 and is expected to reach USD 1,596.5 million by 2030.
- The India market is expected to grow at a CAGR of 14.8% 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 608.7 million |
| Market revenue in 2030 | USD 1,596.5 million |
| Growth rate | 14.8% (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, India accounted for 3.2% 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 |
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India 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 India life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The government of country has rebounded its strong commitment to revolutionizing the functionalities of analytics and cloud computing sector with a major focus on infrastructure development. India is rapidly adopting analytics in its healthcare sector.
Tech giants have started focusing on implementing analytics and AI/ML in healthcare in the country. These solutions can help overcome access barriers by solving the problem through efficient and successful clinical trials, early detection, diagnostics, decision-making, and treatment; supporting the scarce personnel & lab facilities; and catering to the country’s large population.
According to the Economic Times in December 2019, a study published in Cardiovascular Research stated that AI is better at predicting cardiac deaths and heart attacks than standard clinical tests used by cardiologists. According to a report published by CIS India in 2018, AI could help in adding USD 957 billion to the Indian economy by 2035.
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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 India life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into India life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India life science analytics market size, by component, 2018-2030 (US$M)
India Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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