State of the Market
Life Sciences IT Industry: An Assessment of the Market Opportunity and APEX Matrix Assessment
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This report provides an overview of the IT market for the life sciences industry. Analysis includes market size & growth, forecasts (up to 2020), demand drivers, adoption & scope trends, key areas of investment, and implications for key stakeholders. The report features two special sections – the first focuses on the market opportunity (for service providers) and the second focuses on buyer’s maturity of digital adoption (for enterprises).
Key findings of the report include:
- Pharmatechnology and biotechnology are the most favorable opportunity segments
- R&D and supply chain lines of business will drive a higher share of sourcing decisions
- Application development and testing will witness fastest growth in services
- More than two-thirds of the current digital investments are focused on growth
- Contrary to popular belief, European pharma industry is ahead of United States in global digital investments
- Analytics and cloud are the drivers behind most LS digital deals
Key strategic questions addressed in this report include:
For service providers:
- What is the biggest opportunity segment in the global life sciences industry?
- Which service line (applications, testing, workplace services, etc.) will be the growth driver?
- What are buyers doing differently in their sourcing strategy?
- How to stay relevant in a highly competitive market?
For enterprises:
- How are peers in my segment investing in digital as an opportunity?
- Is digital investment about growth, efficiency, or both?
- Which value chain areas (R&D, clinical, supply chain, marketing, etc.) are garnering most investments from peers in the segment?
- Who are the service providers that can deliver on integrated sourcing?
This report is available to members.