Global Life Sciences IT Spending Forecast through 2017: Analysis
The life sciences industry is in transition as a result of tremendous pressure on top-line revenues: pharma's traditional business and operating model has broken down. To face these challenges, the industry is turning increasingly to technology. This brief provides insight into technology spending forecasts for the life sciences sector within various geographic, sub-sector, and solution type markets.
Total life sciences IT spending is projected to reach $40.8bn in 2017, representing a cumulative annual growth rate of 3.6% since 2011. But although IT spending in the sector continues to grow, it is beginning to diminish as a percentage of total pharmaceutical market revenue. Asia-Pacific and the small to mid-sized segment will demonstrate above-average growth rates through 2017.
Features and Benefits
Assesses the IT market size in the life sciences industry for key geographies, segements, sub-sectors, and solution areas.
Analyzes the forces impacting IT spending in the life sciences industry.
Key Questions Answered
What are the fastest-growing IT areas in the life sciences sector?
How are cloud-based technologies affecting the make-up of IT spending in the life sciences sector?