Global Commercial Pharmaceutical Analytics Market Market Analysis, Trends and Insights 2027
Summary - A new market study, titled “Global Commercial Pharmaceutical Analytics Market – Estimation & Forecast to 2027 ” has been featured on WiseGuyReports.
Introduction
Pharmaceuticals analytics refers to the use of
analytical software to analyze and manage biomedical and biological data from
life science industries like hospitals, pharmaceutical companies, and
laboratories.
The global commercial pharmaceutical analytics
market was valued at USD 1.0 billion in 2015, and is expected grow at a CAGR of
around 20% during the forecast period. This rapid growth is majorly attributed
to growing adoption of new technologies & analytical tools in process
streamlining, as well as the growing pharmaceutical industry, especially in
developing nations. On the other hand, lack of skilled professionals and high
software cost are major obstacles restraining the market growth.
The market is mainly
segmented on the basis of type, deployment method, applications, and regions.
Market segmentation by types include sub-segments namely, descriptive
analytics, predictive analytics and prescriptive analytics. The descriptive
analytics sub-segment, valued at USD 817.9 million, held more than 75% market
share in 2015.
Market categorization based on deployment
methods includes on-premise deployment, and web-based/cloud based deployment.
The market has also been segmented based on applications into research &
development, marketing & sales, supply chain optimization, internal
reporting, and other applications.
North America held the largest market share of
around 49% within the global commercial pharmaceutical analytics market, in
2015. Europe market, valued at USD 282.7 million, held the second largest
market share in 2015.
Key Players
The leading players of the global commercial
pharmaceutical analytics market are Tata Consultancy Services Limited (India),
ORACLE (U.S.), Northwest Analytics, Inc. (U.S.), Wipro Limited (India),
Microsoft (U.S.), Allscripts (U.S.), Cerner Corporation (U.S.), and Fuzzy
Logix, Inc. (U.S.).
Study Objectives
• To provide insights about factors influencing
and affecting the market growth
• To provide historical and forecast revenue of
the market segments and sub-segments with respect to regional markets and their
key countries
• To provide historical and forecast revenue of
the market segments based on types, applications, and method of deployment
• To provide strategic profiling of key players
in the market, comprehensively analyzing their market share, core competencies,
and drawing a competitive landscape for the market
Target Audience
• Medical Devices &
Pharmaceutical companies
• Software development &
IT firms
• Hospitals & Clinics
• Potential Investors
• Raw Material Suppliers
• Key executive (CEO and COO)
and strategy growth manager
Key Findings
• On the basis of type, predictive analytics is
the fastest growing segment and is expected grow at 20.4% CAGR during the
forecast period to reach USD 1.5 billion by 2027
• With revenue of USD 630.0 million, the on
premise deployment has held the largest market share of around 60% within the
commercial pharmaceutical analytics market, in 2015
• Marketing & sales is the fastest growing
application segment, and is anticipated to grow at a CAGR of 20.5% between 2016
and 2027
• Asia-Pacific region is estimated to achieve
the fastest growth of 20.8% CAGR during the forecast period on account of high
adoption rate in the following decade
The report also covers country level analysis:
• North America
o US
o Canada
• Europe
o Western Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Western Europe
o Eastern Europe
• Asia-Pacific
o China
o Japan
o India
o Republic of Korea
o Rest of Asia-Pacific
• Middle East & Africa
FOR MORE
DETAILS: https://www.wiseguyreports.com/reports/885797-global-commercial-pharmaceutical-analytics-market-estimation-forecast-to-2027
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