UK Life Science Analytics Market Size & Outlook, 2023-2030
UK life science analytics market, 2018-2030 (US$M)
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UK life science analytics market highlights
- The UK life science analytics market generated a revenue of USD 872.6 million in 2023 and is expected to reach USD 1,760.7 million by 2030.
- The UK market is expected to grow at a CAGR of 10.5% 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 872.6 million |
| Market revenue in 2030 | USD 1,760.7 million |
| Growth rate | 10.5% (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, UK accounted for 4.6% 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 |
|---|
UK 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 UK life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UK life science analytics market held a substantial market share over the recent years. Presence of sophisticated infrastructure, increasing per capita income, rising healthcare cost, rising demand for advanced technological solutions, and high prevalence of chronic disorders have increased the adoption of analytics services in the UK.
Further, shifts in economics, technology, and social demographics are transforming the pharmaceutical industry in the UK. Currently, people in the UK are experiencing age-related health issues, which is a major concern for the government.
Factors such as increasing adoption of analytics and cloud computing by NHS and healthcare practitioners to improve diagnosis have contributed to high market growth. For instance, in June 2020, Ibex Medical Analytics and LDPath announced the UK rollout of clinical-grade AI applications for cancer detection in pathology supporting pathologists to enhance diagnostic accuracy and efficiency.
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Target buyers of UK 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 UK life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into UK life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK life science analytics market size, by component, 2018-2030 (US$M)
UK Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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