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AI In Life Science Analytics Market

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    Report

  • 114 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724189
The global ai in life science analytics market size is expected to reach USD 4,067.97 million by 2032, according to a new study. The report “AI In Life Science Analytics Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Hardware, Services); By Deployment; By Application; By End-user; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising prevalence of AI adoption in clinical trials all over the world is expected to become a major driving force for the market over the forecast period. Pharma firms have been investing in the development of AI solutions that assist to read or scan big datasets faster and more precisely help in the growth of the market. Also, massive expenditures made by US-based pharmaceutical corporations in drug research and clinical trials help in the growth of the market.

IQVIA established an AI-powered contact center for the life sciences, in September 2021, allowing enterprises to communicate regarding their recent products while also monitoring product safety & quality. In order to prioritize and answer inquiries, the center employs AI-enabled virtual agents in addition to human specialists. Sorcero announced the release of Clarity in March 2022, which gives the medical affairs team an integrated perspective across all areas of scientific interaction. Furthermore, medical teams may monitor and track medical material at scale using Sorcero’s powerful analytics.

AI In Life Science Analytics Market Report Highlights

  • Service segment is anticipated to grow at a significant CAGR over the forecast period owing to increasing demand for third-party service providers that supply technically equipped staff to handle the pricey AI systems.
  • Cloud segment sector is expected to hold a significant market share over the forecast period due to the increase in the number of people infected with this virus as a result of encounters with animals in the wild will favor market expansion.
  • Sales & Marketing segment sector is expected to hold a significant market share over the forecast period due to marketing automation, improved personalization, decreased mistakes, and smarter and faster decision-making skills.
  • Pharmaceutical sector is expected to hold a significant revenue share due to the increased use of AI technologies in manufacturing, clinical trials, and drug development processes in the pharmaceutical industry.
  • North America is expected to dominate the market over the projected period on account of the higher demand for AI technologies, improved digital literacy, and high investment in the AI analytics market in that region increasing the market growth.
  • The global players include Indegene, IBM, IQVIA, SAS Institute Inc., Databricks, Lexalytics, Sisense, Sorcero. Atomwise, Inc., NuMedii, Inc., AiCure LLC., Nuance Communications, Inc., APIXIO, Inc., Insilico Medicine, Inc., Enlitic, Inc.

The publisher has segmented the AI in life science analytics market report based on component, deployment, application, end-use, and region:

AI In Life Science Analytics, Component Outlook (Revenue, USD Million, 2019-2032)

  • Software
  • Hardware
  • Services

AI In Life Science Analytics, Deployment Outlook (Revenue, USD Million, 2019-2032)

  • On-premise
  • Cloud

AI In Life Science Analytics, Application Outlook (Revenue, USD Million, 2019-2032)

  • Research and Development
  • Sales and Marketing support
  • Supply chain analytics
  • Others

AI In Life Science Analytics, End-user Outlook (Revenue, USD Million, 2019-2032)

  • Medical Devices
  • Pharmaceutical
  • Biotechnology
  • Others

AI In Life Science Analytics, Regional Outlook (Revenue - USD Million, 2019-2032)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the AI In Life Science Analytics Market

What is the estimated value of the AI In Life Science Analytics Market?

The AI In Life Science Analytics Market was estimated to be valued at $1613.67 million in 2023.

What is the growth rate of the AI In Life Science Analytics Market?

The growth rate of the AI In Life Science Analytics Market is 10.8%, with an estimated value of $4067.97 million by 2032.

What is the forecasted size of the AI In Life Science Analytics Market?

The AI In Life Science Analytics Market is estimated to be worth $4067.97 million by 2032.

Who are the key companies in the AI In Life Science Analytics Market?

Key companies in the AI In Life Science Analytics Market include Indegene, IBM, IQVIA, SAS Institute Inc., Databricks, Lexalytics, Sisense, Sorcero. Atomwise Inc. and AiCure LLC..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global AI In Life Science Analytics Market Insights
4.1. AI In Life Science Analytics - Industry Snapshot
4.2. AI In Life Science Analytics Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising need for pharmaceuticals to treat complicated diseases
4.2.1.2. AI adoption is growing in clinical trials
4.2.2. Restraints and Challenges
4.2.2.1. High initial costs
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. AI In Life Science Analytics Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global AI In Life Science Analytics Market, by Component
5.1. Key Findings
5.2. Introduction
5.2.1. Global AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
5.3. Software
5.3.1. Global AI In Life Science Analytics Market, by Software, by Region, 2019-2032 (USD Million)
5.4. Hardware
5.4.1. Global AI In Life Science Analytics Market, by Hardware, by Region, 2019-2032 (USD Million)
5.5. Services
5.5.1. Global AI In Life Science Analytics Market, by Services, by Region, 2019-2032 (USD Million)

6. Global AI In Life Science Analytics Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
6.3. Research and Development
6.3.1. Global AI In Life Science Analytics Market, by Research and Development, by Region, 2019-2032 (USD Million)
6.4. Sales and Marketing support
6.4.1. Global AI In Life Science Analytics Market, by Sales and Marketing support, by Region, 2019-2032 (USD Million)
6.5. Supply chain analytics
6.5.1. Global AI In Life Science Analytics Market, by Supply chain analytics, by Region, 2019-2032 (USD Million)
6.6. Others
6.6.1. Global AI In Life Science Analytics Market, by Others, by Region, 2019-2032 (USD Million)

7. Global AI In Life Science Analytics Market, by Deployment
7.1. Key Findings
7.2. Introduction
7.2.1. Global AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
7.3. On-premise
7.3.1. Global AI In Life Science Analytics Market, by On-premise, by Region, 2019-2032 (USD Million)
7.4. Cloud
7.4.1. Global AI In Life Science Analytics Market, by Cloud, by Region, 2019-2032 (USD Million)

8. Global AI In Life Science Analytics Market, by End User
8.1. Key Findings
8.2. Introduction
8.2.1. Global AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
8.3. Medical Devices
8.3.1. Global AI In Life Science Analytics Market, by Medical Devices, by Region, 2019-2032 (USD Million)
8.4. Pharmaceutical
8.4.1. Global AI In Life Science Analytics Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
8.5. Biotechnology
8.5.1. Global AI In Life Science Analytics Market, by Biotechnology, by Region, 2019-2032 (USD Million)
8.6. Others
8.6.1. Global AI In Life Science Analytics Market, by Others, by Region, 2019-2032 (USD Million)

9. Global AI In Life Science Analytics Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. AI In Life Science Analytics Market Assessment, By Geography, 2019-2032 (USD Million)
9.3. AI In Life Science Analytics Market - North America
9.3.1. North America: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.3.2. North America: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.3.3. North America: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.3.4. North America: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.3.5. AI In Life Science Analytics Market - U.S.
9.3.5.1. U.S.: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.3.5.2. U.S.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.3.5.3. U.S.: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.3.5.4. U.S.: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.3.6. AI In Life Science Analytics Market - Canada
9.3.6.1. Canada: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.3.6.2. Canada: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.3.6.3. Canada: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.3.6.4. Canada: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4. AI In Life Science Analytics Market - Europe
9.4.1. Europe: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.2. Europe: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.3. Europe: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.4. Europe: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.5. AI In Life Science Analytics Market - UK
9.4.5.1. UK: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.5.2. UK: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.5.3. UK: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.5.4. UK: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.6. AI In Life Science Analytics Market - France
9.4.6.1. France: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.6.2. France: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.6.3. France: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.6.4. France: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.7. AI In Life Science Analytics Market - Germany
9.4.7.1. Germany: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.7.2. Germany: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.7.3. Germany: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.7.4. Germany: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.8. AI In Life Science Analytics Market - Italy
9.4.8.1. Italy: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.8.2. Italy: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.8.3. Italy: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.8.4. Italy: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.9. AI In Life Science Analytics Market - Spain
9.4.9.1. Spain: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.9.2. Spain: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.9.3. Spain: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.9.4. Spain: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.10. AI In Life Science Analytics Market - Netherlands
9.4.10.1. Netherlands: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.10.2. Netherlands: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.10.3. Netherlands: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.10.4. Netherlands: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.4.11. AI In Life Science Analytics Market - Russia
9.4.11.1. Russia: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.4.11.2. Russia.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.4.11.3. Russia: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.4.11.4. Russia: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5. AI In Life Science Analytics Market - Asia Pacific
9.5.1. Asia Pacific: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.2. Asia Pacific: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.3. Asia Pacific: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.4. Asia Pacific: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.5. AI In Life Science Analytics Market - China
9.5.5.1. China: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.5.2. China.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.5.3. China: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.5.4. China: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.6. AI In Life Science Analytics Market - India
9.5.6.1. India: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.6.2. India.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.6.3. India: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.6.4. India: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.7. AI In Life Science Analytics Market - Japan
9.5.7.1. Japan: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.7.2. Japan.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.7.3. Japan: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.7.4. Japan: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.8. AI In Life Science Analytics Market - Malaysia
9.5.8.1. Malaysia: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.8.2. Malaysia.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.8.3. Malaysia: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.8.4. Malaysia: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.9. AI In Life Science Analytics Market - Indonesia
9.5.9.1. Indonesia: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.9.2. Indonesia.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.9.3. Indonesia: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.9.4. Indonesia: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.5.10. AI In Life Science Analytics Market - South Korea
9.5.10.1. South Korea: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.5.10.2. South Korea.: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.5.10.3. South Korea: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.5.10.4. South Korea: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.6. AI In Life Science Analytics Market - Middle East & Africa
9.6.1. Middle East & Africa: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.6.2. Middle East & Africa: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.6.3. Middle East & Africa: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.6.4. Middle East & Africa: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.6.5. AI In Life Science Analytics Market - Saudi Arabia
9.6.5.1. Saudi Arabia: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.6.5.2. Saudi Arabia: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.6.5.3. Saudi Arabia: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.6.5.4. Saudi Arabia: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.6.6. AI In Life Science Analytics Market - South Africa
9.6.6.1. South Africa: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.6.6.2. South Africa: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.6.6.3. South Africa: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.6.6.4. South Africa: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.6.7. AI In Life Science Analytics Market - Israel
9.6.7.1. Israel: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.6.7.2. Israel: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.6.7.3. Israel: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.6.7.4. Israel: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.6.8. AI In Life Science Analytics Market - UAE
9.6.8.1. UAE: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.6.8.2. UAE: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.6.8.3. UAE: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.6.8.4. UAE: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.7. AI In Life Science Analytics Market - Latin America
9.7.1. Latin America: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.7.2. Latin America: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.7.3. Latin America: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.7.4. Latin America: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.7.5. AI In Life Science Analytics Market - Mexico
9.7.5.1. Mexico: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.7.5.2. Mexico: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.7.5.3. Mexico: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.7.5.4. Mexico: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.7.6. AI In Life Science Analytics Market - Brazil
9.7.6.1. Brazil: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.7.6.2. Brazil: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.7.6.3. Brazil: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.7.6.4. Brazil: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)
9.7.7. AI In Life Science Analytics Market - Argentina
9.7.7.1. Argentina: AI In Life Science Analytics Market, by Component, 2019-2032 (USD Million)
9.7.7.2. Argentina: AI In Life Science Analytics Market, by End User, 2019-2032 (USD Million)
9.7.7.3. Argentina: AI In Life Science Analytics Market, by Application, 2019-2032 (USD Million)
9.7.7.4. Argentina: AI In Life Science Analytics Market, by Deployment, 2019-2032 (USD Million)

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. Indegene
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. IBM
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. IQVIA
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. SAS Institute
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Databricks
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. Lexalytics
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Sisense
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Sorcero
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Atomwise
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. NuMedii
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. AiCure LLC
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development
11.12. Nuance Communications
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.12.4. Recent Development
11.13. APIXIO, Inc
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.13.4. Recent Development
11.14. Insilico Medicine
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.14.4. Recent Development
11.15. Enlitic, Inc
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.15.4. Recent Development

Companies Mentioned

  • Indegene
  • IBM
  • IQVIA
  • SAS Institute Inc.
  • Databricks
  • Lexalytics
  • Sisense
  • Sorcero. Atomwise Inc.
  • NuMedii Inc.
  • AiCure LLC.
  • Nuance Communications Inc.
  • APIXIO Inc.
  • Insilico Medicine Inc.
  • Enlitic Inc.