Japan Life Science Analytics Market Size & Outlook
Japan life science analytics market, 2018-2030 (US$M)
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Japan life science analytics market highlights
- The Japan life science analytics market generated a revenue of USD 746.0 million in 2023 and is expected to reach USD 1,864.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 14% 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 746.0 million |
| Market revenue in 2030 | USD 1,864.2 million |
| Growth rate | 14% (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, Japan accounted for 4.0% 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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Japan 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 Japan life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
More than 25.0% of the Japanese population is older than 65 years. The increasing healthcare expenditure, good healthcare IT infrastructure, and strong technological background can be attributed to the growth of the life science analytics market in Japan over the forecast period.
The rising adoption of prescriptive & predictive analytic tools and advancements in healthcare IT are anticipated to boost the local market. Japan accounted for the highest revenue share in the Asia-Pacific region owing to the rapidly growing pharmaceutical market in the country.
Japanese pharmaceutical industry follows the greatest standard of quality assurance and quality control throughout, and it aims to enhance the quality of pharmaceutical products across the globe. This tremendous growth of the pharmaceutical industry will contribute to the growing demand of analytics and is attracting business opportunities and collaborations with key players.
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Target buyers of Japan 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 Japan life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into Japan life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan life science analytics market size, by component, 2018-2030 (US$M)
Japan Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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