U.S. Life Science Analytics Market Size & Outlook
U.S. life science analytics market, 2018-2030 (US$M)
Related Markets
U.S. life science analytics market highlights
- The U.S. life science analytics market generated a revenue of USD 8,190.2 million in 2023 and is expected to reach USD 16,070.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.1% 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 8,190.2 million |
| Market revenue in 2030 | USD 16,070.2 million |
| Growth rate | 10.1% (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, U.S. accounted for 43.4% 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 North America, U.S. life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,712.6 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The usage of big data and related services in the U.S. is extensive. In addition, various initiatives being undertaken by government and nongovernment organizations have led to an increase in penetration of analytics in the U.S.
In addition, the stage 3 of the ‘Meaningful Use’ EHR incentive program commenced in 2015 and is aimed at promoting advanced use of EHR systems and HIT in healthcare to facilitate delivery of value-based care. Such measures promote data collection, and data sharing & interoperability.
Rapid technological advancements along with the rising aging population in the country call for faster and better access to healthcare. U.S. healthcare systems are constantly expanding and due to its economic power, it has been witnessing huge capacity of healthcare spending.
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Target buyers of U.S. 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 U.S. life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. life science analytics market size, by component, 2018-2030 (US$M)
U.S. Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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