The global life science software market is expected to reach a valuation of USD 13,736 million in 2023. The key growth factors driving the market are increasing research and development, expanding biotech number and size, and increasing cost efficiencies. The overall sales of life science software are projected to grow at a robust CAGR of 7.5% between 2023 and 2033, totaling around USD 31,151.8 million by the end of 2033.
Life science is a branch of science concerned with the research of living organisms. Biology, anatomy, health sciences, medical sciences, and pharmaceutics are all fields of study in life science. In today's evolving healthcare ecosystem, life science software aids in developing comprehensive, integrated solutions to the life science industry, such as product quality, regulatory compliance, speed, cost-effectiveness, and many others.
| Data Points | Key Statistics |
|---|---|
| Life Science Software Market Size (2023) | USD 13,736 million |
| Life Science Software Market Revenue Forecast (2033) | USD 31,151.8 million |
| Life Science Software Market Growth Rate (2023 to 2033) | 7.5% CAGR |
| North America Market Share | 40.5% |
Life science software includes various tools for standardizing workflow and managing documentation to serve the biopharmaceutical, medical technology, generics, and clinical care industries. These programs allow corporations to record, store, and preserve information through images and text. Various types of life science software are available, along with drug identification and affirmation, laboratory management, clinical trial management, and medical device innovation.
Continuous technological innovations, the accessibility of big data in the life science industry, the increasing adoption of analytics techniques in clinics and hospitals as well as for sales and promotion in the pharmaceutical companies, and the burgeoning need for enhanced patient care shipment are some of the major factors driving the expansion of the life science software market.
Furthermore, factors such as an increase in the frequency of chronic diseases, massive pressure to reduce healthcare spending, and a bigger emphasis on value-based medicine all contribute to the significant growth of this market.
However, aspects such as the elevated cost of implementing life science software, complex programming, additional infrastructure, and data management costs limit the expansion of the life science software market.
Due to the elevated adoption of cutting-edge technologies and a substantial majority of investments, North America dominates the life science software market. Because of the escalating digitization of healthcare-related work processes and the presence of major healthcare firms implementing this software in these regions, North America is the leading market in the life science software market. It is expected to grow rapidly over the next decade.
The United States is the key industry in North America for life science software. The market in this region will develop faster than South America's. The demand for security, easy access to data, and productive patient information management will aid the growth of the life science software industry. North America is accounting for a market share of 40.5% of the global life science software market.
The European life science software market is expected to grow at a 9% CAGR. During the forecast period, the European life science software sector is predicted to account for the largest share of the global market. Geographically, the European life science software market accounted for a sizable share of the overall in 2020 and is anticipated to grow at a healthy rate during the forecast period.
During the forecast period, the German life science software market is expected to be a lucrative business regional market in Europe. The German market benefits from social advancements such as censuses and technological advancements such as digitization. The growing use of IoT and cloud computing is expected to boost the life science software market. Europe is accounting for a market share of 24% of the global life science software market.
The biopharmaceutical segment's life science software market share will develop significantly during the forecast period. Life science software can benefit biopharmaceutical companies by providing a global healthcare standard. It bolsters the functionalities of logistic partners and collaborates with trading partners such as contract packagers. During the forecast period, these characteristics will drive segment growth.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interests of potential buyers and create a larger customer base. For instance,
Some of the leading life science software providers include Oracle Corporation, Deloitte, SAP SE, Accelrys Software, Inc., Cegedim SA, Medidata Solution, Inc., Revitas, Inc., Veeva Systems, Inc., Model N, Inc., SAS Institute, Inc., PTC Therapeutics, Inc., TIBCO Software, Inc., and Perceptive Informatics, Inc.
These key life science software providers are adopting various strategies, such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc., to increase their sales and gain a competitive edge in the global life science software market. For instance,
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2023 to 2032 |
| Expected Market Value (2023) | USD 13,736 million |
| Anticipated Forecast Value (2033) | USD 31,151.8 million |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, End User, Deployment, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, Italy, UK, Spain, France, China, Japan, South Korea, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Oracle Corporation; Deloitte; SAP SE; Accelrys Software Inc.; Cegedim SA; Medidata Solution Inc.; Revitas Inc.; Veeva Systems Inc.; Model N Inc.; SAS Institute Inc.; PTC Therapeutics Inc.; TIBCO Software Inc.; Perceptive Informatics Inc. |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 15: Western Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 16: Western Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End User, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by End User, 2023 to 2033
Figure 19: Global Market Attractiveness by Deployment, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by End User, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 37: North America Market Attractiveness by Application, 2023 to 2033
Figure 38: North America Market Attractiveness by End User, 2023 to 2033
Figure 39: North America Market Attractiveness by Deployment, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by End User, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 58: Latin America Market Attractiveness by End User, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Deployment, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 63: Western Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 71: Western Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 77: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 78: Western Europe Market Attractiveness by End User, 2023 to 2033
Figure 79: Western Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 82: Eastern Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 83: Eastern Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 97: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 98: Eastern Europe Market Attractiveness by End User, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) by End User, 2023 to 2033
Figure 103: South Asia and Pacific Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 117: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 118: South Asia and Pacific Market Attractiveness by End User, 2023 to 2033
Figure 119: South Asia and Pacific Market Attractiveness by Deployment, 2023 to 2033
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 122: East Asia Market Value (US$ Million) by End User, 2023 to 2033
Figure 123: East Asia Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 137: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 138: East Asia Market Attractiveness by End User, 2023 to 2033
Figure 139: East Asia Market Attractiveness by Deployment, 2023 to 2033
Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 141: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 142: Middle East and Africa Market Value (US$ Million) by End User, 2023 to 2033
Figure 143: Middle East and Africa Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 157: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 158: Middle East and Africa Market Attractiveness by End User, 2023 to 2033
Figure 159: Middle East and Africa Market Attractiveness by Deployment, 2023 to 2033
Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The market in 2023 is valued at USD 13,736 million.
The market is estimated to reach USD 31,151.8 million by 2033.
The market is likely to expand at a 7.5% CAGR through 2033.
The market rose at a 6% CAGR from 2018 to 2022.
North America accounts for 40.5% of revenue in 2023.
Explore Vertical Solution Insights
Life Science Software Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
