Market Research Future published a cooked research report on “Global Commercial
Pharmaceutical Analytics Market Research Report - Forecast to 2027– Market
Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Global Commercial Pharmaceutical Analytics Market - Overview
Analytics is basically a tool for the mining of huge amount of scattered data, processing the
data in order to align it into a useful information. This processed data can then be used in
various processes. Analytics eases the workload in an organisation and enables us to
maintain the efficient workflow. Analytics can be implemented through various software,
services provided over web based/ Client based model & on-premise model.
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Pharmaceutical industry is going through the tectonic shift as analytics is playing a key role
in helping the pharmaceutical and life science industry in terms of sophistication of process
and resulting business impact they create. While adoption of analytics in Pharmaceutical
industry is relatively new, third party analytic business services are growing rapidly and are
likely to grow even faster with increasing adoption rate in the future. Wide range of analytic
solutions are being deployed in the pharma space and advanced predictive and prescriptive
analytics are generating powerful insights in the business. Commercial pharmaceutical
analytics is enabling the pharmaceutical industry to adopt to the rapidly changing business
environment and better manage the forth coming challenges in the industry
Further there are various factors which support the growth of the market, these include
growing adoption of new technologies and analytical tools, increasing usage of analytical
tools in streamlining business process, rapidly growing pharmaceutical industry. On the
other hand, there are certain limitations in the industry such as lack of skilled professionals
which can hinder the growth of the market to an extent.
Key Players:
CitiusTech Inc., International Business Machines Corporation, Northwest analytics, Inc.,
ORACLE, Scio Health Analytics, Statistical Analysis System, TAKE Solutions Ltd, Tata
Consultancy Services Limited, Trinity Pharma Solutions, Wipro Limited 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