Key Players for Commercial Pharmaceutical Analytics Market:
Some of the key players in this market are: Allscripts (U.S), Microsoft (U.S), Wipro Limited (U.S), Statistical Analysis System (U.S), Northwest Analytics, INC. (U.S), International Business Machines Corporation (U.S), ORACLE (U.S), Citiustech INC (U.S), Scio Health Analytics (U.S), Take Solutions LTD (U.S), Trinity Pharma Solutions (U.S), Fuzzy Logix INC (U.S), and Cerner Corporation (U.S)
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Market Scenario:
Globally the market for commercial pharmaceutical analytics is increasing rapidly. The major factor that drives the growth of commercial pharmaceutical analytics is growing adoption of new technologies and analytical tools, increasing usage of analytical tools to streamline the business process, growing pharmaceutical industry and others.
Globally the market for commercial pharmaceutical analytics market is expected to grow at the rate of about 20.0% from 2016 to 2027.
Finding:
- The global commercial pharmaceutical analytics market and is expected to reach $9,308.4 million by 2027.
- Descriptive analytics accounted for the largest market share registering 78.34% of market share in 2015
- Regionally, North America holds the largest market share 48.6% of global commercial pharmaceutical analytics market and is expected to reach $4,299 million by 2027 from $507.4 million in 2015.
- Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 20.8% from 2016 to 2027
- On the basis of applications, research & development segment holds 40.8% market share
Segments:
Global commercial pharmaceutical analytics market has been segmented on the basis of types which comprises of prescriptive analytics, descriptive analytics, and predictive analytics. On the basis of deployment the market is segmented into cloud based and web based. Furthermore, based on applications the market is segmented into R&D, marketing & sales, supply chain optimizations, internal reporting and others.
Global Commercial Pharmaceutical Analytics Market – Regional Analysis
The Americas Commercial Pharmaceutical Analytics market comprises of the two regions North America and Latin America. North American region is further divided in to US, and Canada. North American region has always been the leading regions in terms of the growth in the healthcare and pharmaceutical business. And Commercial pharmaceutical analytics market is no different. The growth in the North American region is mainly due to the rapid advancements in the United States. At present, the US is dominating the commercial pharmaceutical analytics market in this region as it has deployed the majority of the commercial pharmaceutical analytics solutions and its application in various segments. The US market for commercial pharmaceutical analytics is one of the most developed markets in the globe, with the Patient Protection and Affordable Care Act (PPACA) in US is also helping and encouraging the pharmaceutical industry personnel and organizations. The commercial pharmaceutical analytics market is bound to grow with a moderate pace. US has various pharmaceutical organizations that help the new business and new software developers in the commercial pharmaceutical analytics industry. Some of them are, Pharmaceutical Research and Manufacturers of America, The Generic Pharmaceutical Association (GPhA), The International Pharmaceutical Excipients Council and many more are present in US to provide assistance in the North American market
The pharmaceutical industry in Canada is facing challenges and huge changes in the several years. As the period of the extensive essential consideration blockbuster drug attracts to a nearby from the patent bluff, pharmaceutical organizations are re-sorting out and receiving systems to lessen chance, and beat outer elements and their poor pipeline efficiency. These procedures incorporate embracing new business models with the help of Pharmaceutical analytics. The Pharmaceutical industry in Latin America is still under development with countries like Brazil, Columbia coming forward and taking initiative in the development of the industry. However, Commercial Pharmaceutical analytics is having limited marketed in the region at present but shows promising growth prospects in the future
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TABLE OF CONTENTS
1 Report Prologue
2 Introduction
2.1 Definition 17
2.2 Scope Of Study 18
2.2.1 Research Objective 18
2.2.2 Assumptions & Limitations 18
2.3 Market Structure: 19
3 Research Methodology
3.1 Introduction 20
3.2 Primary Research 21
3.3 Secondary Research 21
3.4 Market Size Estimation 22
4 Market Dynamics
4.1 Drivers 24
4.1.1 Growing Adoption Of New Technologies And Analytical Tools 24
4.1.2 Regulation Of R&D Productivity 24
4.1.3 Growing Trend Of The Big Data Advertisement In Pharma Sector. 25
4.1.4 Increasing Usage Of Analytical Tools In Streamlining Business Process 25
4.2 Restraint 26
4.2.1 Lack Of Skilled Professionals 26
4.2.2 Conservative Nature Of Healthcare Industry. 26
5 Market Factor Analysis
5.1 Porter’s Five Forces Model 27
5.1.1 Introduction 27
5.1.2 Bargaining Power Of Suppliers 28
5.1.3 Bargaining Power Of Buyers: 28
5.1.4 Intensity Of Competitor’s: 28
5.1.5 Threat Of New Entrants: 29
5.1.6 Threat From Substitutes 29
5.2 Value Chain Analysis 30
5.2.1 Inputs 31
5.2.2 Development Process 31
5.2.3 Output 31
5.2.4 Marketing And Distribution 31
5.2.5 Post Selling Services 31
…Continued!
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