The Europe AI In Life Science Analytics Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
AI technologies prove to be highly advantageous in clinical trials, which are time-consuming processes that can be significantly sped up by utilizing these tools. One way this can be done is by applying sophisticated predictive analytics on a variety of data to more rapidly identify potential participants in clinical trials for specified populations.
Additionally, by simplifying activities like determining the best sample sizes, assisting in patient recruitment, and leveraging medical records to reduce data errors, machine learning systems can improve the efficiency of clinical trials.
This encourages numerous pharmaceutical companies, as well as clinical research institutions (CROs), to invest in innovative tools like AI. Additionally, numerous governments throughout the world are launching programs to promote AI and its effects on the medical and life science sectors.
In this region, the prevalent usage of AI and big data in healthcare takes place. As a result, the European Commission formulated an AI Act (Medical Device and In-Vitro Diagnostics Regulations) that aimed at the safe use of AI and increased the adoption of reliable AI in the European region. This prompted the Member States of the EU to align their national AI legislations to ensure clear and consistent rules which would support the accessibility of medical technologies enabled by AI.
The Germany market dominated the Europe AI In Life Science Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $163.7 million by 2028.The UK market is anticipated to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.2% during (2022 - 2028).
Based on End-user, the market is segmented into Pharmaceutical, Medical Devices, Biotechnology and Others. Based on Application, the market is segmented into Sales & Marketing Support, Supply Chain Analytics, Research & Development and Others. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Component, the market is segmented into Services, Hardware and Software. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global AI In Life Science Analytics Market will Hit $2.5 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Lexalytics, Inc., Databricks, Inc., SAS Institute, Inc., Sisense, Inc., IQVIA Holdings, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, and Accenture PLC.
Scope of the Study
Market Segments Covered in the Report:
By End-user
- Pharmaceutical
- Medical Devices
- Biotechnology
- Others
By Application
- Sales & Marketing Support
- Supply Chain Analytics
- Research & Development
- Others
By Deployment
By Component
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Wipro Limited
- Lexalytics, Inc.
- Databricks, Inc.
- SAS Institute, Inc.
- Sisense, Inc.
- IQVIA Holdings, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Accenture PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AI In Life Science Analytics Market, by End-user
1.4.2 Europe AI In Life Science Analytics Market, by Application
1.4.3 Europe AI In Life Science Analytics Market, by Deployment
1.4.4 Europe AI In Life Science Analytics Market, by Component
1.4.5 Europe AI In Life Science Analytics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe AI In Life Science Analytics Market by End-user
4.1 Europe Pharmaceutical Market by Country
4.2 Europe Medical Devices Market by Country
4.3 Europe Biotechnology Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe AI In Life Science Analytics Market by Application
5.1 Europe Sales & Marketing Support Market by Country
5.2 Europe Supply Chain Analytics Market by Country
5.3 Europe Research & Development Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe AI In Life Science Analytics Market by Deployment
6.1 Europe Cloud Market by Country
6.2 Europe On-premise Market by Country
Chapter 7. Europe AI In Life Science Analytics Market by Component
7.1 Europe Services Market by Country
7.2 Europe Hardware Market by Country
7.3 Europe Software Market by Country
Chapter 8. Europe AI In Life Science Analytics Market by Country
8.1 Germany AI In Life Science Analytics Market
8.1.1 Germany AI In Life Science Analytics Market by End-user
8.1.2 Germany AI In Life Science Analytics Market by Application
8.1.3 Germany AI In Life Science Analytics Market by Deployment
8.1.4 Germany AI In Life Science Analytics Market by Component
8.2 UK AI In Life Science Analytics Market
8.2.1 UK AI In Life Science Analytics Market by End-user
8.2.2 UK AI In Life Science Analytics Market by Application
8.2.3 UK AI In Life Science Analytics Market by Deployment
8.2.4 UK AI In Life Science Analytics Market by Component
8.3 France AI In Life Science Analytics Market
8.3.1 France AI In Life Science Analytics Market by End-user
8.3.2 France AI In Life Science Analytics Market by Application
8.3.3 France AI In Life Science Analytics Market by Deployment
8.3.4 France AI In Life Science Analytics Market by Component
8.4 Russia AI In Life Science Analytics Market
8.4.1 Russia AI In Life Science Analytics Market by End-user
8.4.2 Russia AI In Life Science Analytics Market by Application
8.4.3 Russia AI In Life Science Analytics Market by Deployment
8.4.4 Russia AI In Life Science Analytics Market by Component
8.5 Spain AI In Life Science Analytics Market
8.5.1 Spain AI In Life Science Analytics Market by End-user
8.5.2 Spain AI In Life Science Analytics Market by Application
8.5.3 Spain AI In Life Science Analytics Market by Deployment
8.5.4 Spain AI In Life Science Analytics Market by Component
8.6 Italy AI In Life Science Analytics Market
8.6.1 Italy AI In Life Science Analytics Market by End-user
8.6.2 Italy AI In Life Science Analytics Market by Application
8.6.3 Italy AI In Life Science Analytics Market by Deployment
8.6.4 Italy AI In Life Science Analytics Market by Component
8.7 Rest of Europe AI In Life Science Analytics Market
8.7.1 Rest of Europe AI In Life Science Analytics Market by End-user
8.7.2 Rest of Europe AI In Life Science Analytics Market by Application
8.7.3 Rest of Europe AI In Life Science Analytics Market by Deployment
8.7.4 Rest of Europe AI In Life Science Analytics Market by Component
Chapter 9. Company Profiles
9.1 Wipro Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Oracle Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Accenture PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Microsoft Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 IQVIA Holdings, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Product Launches and Product Expansions:
9.6.4.3 Acquisition and Mergers:
9.7 Lexalytics, Inc. (InMoment, Inc.)
9.7.1 Company Overview
9.8 Sisense, Inc.
9.8.1 Company Overview
9.9 Databricks, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches & Product Expansions:
9.10. SAS Institute, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 2 Europe AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI In Life Science Analytics Market
TABLE 4 Product Launches And Product Expansions– AI In Life Science Analytics Market
TABLE 5 Acquisition and Mergers– AI In Life Science Analytics Market
TABLE 6 Europe AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 7 Europe AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 8 Europe Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Medical Devices Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Medical Devices Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Biotechnology Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Biotechnology Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 17 Europe AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 18 Europe Sales & Marketing Support Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Sales & Marketing Support Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Supply Chain Analytics Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Supply Chain Analytics Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Research & Development Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Research & Development Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 27 Europe AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 28 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 33 Europe AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 34 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Hardware Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Hardware Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe AI In Life Science Analytics Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe AI In Life Science Analytics Market by Country, 2022 - 2028, USD Million
TABLE 42 Germany AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 43 Germany AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 44 Germany AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 45 Germany AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 46 Germany AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 47 Germany AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 48 Germany AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 49 Germany AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 50 Germany AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 51 Germany AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 52 UK AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 53 UK AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 54 UK AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 55 UK AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 56 UK AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 57 UK AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 58 UK AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 59 UK AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 60 UK AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 61 UK AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 62 France AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 63 France AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 64 France AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 65 France AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 66 France AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 67 France AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 68 France AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 69 France AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 70 France AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 71 France AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 72 Russia AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 73 Russia AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 74 Russia AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 75 Russia AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 76 Russia AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 77 Russia AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 78 Russia AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 79 Russia AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 80 Russia AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 81 Russia AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 82 Spain AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 83 Spain AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 84 Spain AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 85 Spain AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 86 Spain AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 87 Spain AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 88 Spain AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 89 Spain AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 90 Spain AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 91 Spain AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 92 Italy AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 93 Italy AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 94 Italy AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 95 Italy AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 96 Italy AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 97 Italy AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 98 Italy AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 99 Italy AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 100 Italy AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 101 Italy AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 102 Rest of Europe AI In Life Science Analytics Market, 2018 - 2021, USD Million
TABLE 103 Rest of Europe AI In Life Science Analytics Market, 2022 - 2028, USD Million
TABLE 104 Rest of Europe AI In Life Science Analytics Market by End-user, 2018 - 2021, USD Million
TABLE 105 Rest of Europe AI In Life Science Analytics Market by End-user, 2022 - 2028, USD Million
TABLE 106 Rest of Europe AI In Life Science Analytics Market by Application, 2018 - 2021, USD Million
TABLE 107 Rest of Europe AI In Life Science Analytics Market by Application, 2022 - 2028, USD Million
TABLE 108 Rest of Europe AI In Life Science Analytics Market by Deployment, 2018 - 2021, USD Million
TABLE 109 Rest of Europe AI In Life Science Analytics Market by Deployment, 2022 - 2028, USD Million
TABLE 110 Rest of Europe AI In Life Science Analytics Market by Component, 2018 - 2021, USD Million
TABLE 111 Rest of Europe AI In Life Science Analytics Market by Component, 2022 - 2028, USD Million
TABLE 112 Key Information – Wipro Limited
TABLE 113 Key Information – Oracle Corporation
TABLE 114 Key information – IBM Corporation
TABLE 115 Key information – Accenture PLC
TABLE 116 key information – Microsoft Corporation
TABLE 117 Key information – IQVIA Holdings, Inc.
TABLE 118 Key Information – Lexalytics, Inc.
TABLE 119 Key Information – Sisense, Inc.
TABLE 120 Key Information – Databricks, Inc.
TABLE 121 Key information – SAS Institute, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Wipro Limited
FIG 5 SWOT Analysis: Wipro Limited
FIG 6 Recent strategies and developments: Oracle Corporation
FIG 7 SWOT analysis: Oracle Corporation
FIG 8 Swot analysis: IBM Corporation
FIG 9 Swot analysis: Accenture plc
FIG 10 SWOT Analysis: Microsoft Corporation
FIG 11 Recent strategies and developments: IQVIA Holdings, Inc.