North America Life Science Analytics Market Size & Outlook
North America life science analytics market, 2018-2030 (US$M)
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North America life science analytics market highlights
- The North America life science analytics market generated a revenue of USD 9,481.0 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 9,481.0 million |
| Market revenue in 2030 | USD 18,782.7 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, North America region accounted for 50.2% 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 |
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North America 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 55.45% in 2023. Horizon Databook has segmented the North America life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the life sciences analytics market and some of the major factors contributing to the growth of this region are presence of sophisticated healthcare infrastructure and supportive government policies for deployment of telehealth and high digital literacy.
For instance, in Canada, The Centre for Future Health (CFH) promotes “Digital Health” with an aim to integrate information technology, including electronic communication tools, into healthcare networks to facilitate delivery of high-quality care.
In addition, the pressure to curb the rising healthcare expenditure in this region has resulted in increased adoption of life sciences analytics. In addition, the penetration and adoption of artificial intelligence and machine learning in life sciences analytics solutions is estimated to create further growth opportunities in the market.
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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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into North America life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America life science analytics market size, by country, 2018-2030 (US$M)
North America Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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