Top 10 Life Sciences Software Vendors, Market Size and Market Forecast 2019-2024

Worldwide Life Sciences Applications Market to reach $14.5 billion by 2024, compared with $12.5 billion in 2019 at a compound annual growth rate of 3%.

17656

In 2019, the top 10 Life Sciences software vendors accounted for nearly 57.7% of the global Life Sciences applications market which grew 5.3% to approach nearly $12.5 billion in license, maintenance and subscription revenues.

Last year IQVIA was the market leader with a 16.4% market share in license, maintenance and subscription revenues, followed by Microsoft, Veeva Systems, Salesforce and Dassault Systemes.

We ask the simple question: Who’s buying Life Sciences applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

2019 Life Sciences Applications Market Shares
Exhibit 1 – 2019 Life Sciences Applications Market Shares Split By Top 10 Life Sciences Vendors and Others

Through our forecast period, the Life Sciences applications market size is expected to reach $14.5 billion by 2024, compared with $12.5 billion in 2019 at a compound annual growth rate of 3%.

Exhibit 2: Worldwide Life Sciences Software Market 2019-2024 Forecast, $M
Year201920242019-2024 CAGR, %
Total12503144833%

Source: Apps Run The World, November 2020

Top 10 Life Sciences Software vendors

Life Sciences (Pharmaceuticals, medical devices and life technologies) – Clinical trial management, Enterprise Risk, Compliance and Quality Management, Incentive compensation, sales performance management, Financials, HR, Procurement

Compliance, risk management and PLM apps will continue to play a key role in life sciences vertical with CROs assuming more functions previously held by big pharmaceuticals companies, which are wrestling with revenue model changes as drug prices could fluctuate widely with the advent of smart medications in small dosages.

Here are the rankings of the top 10 Life Sciences software vendors in 2019 and their market shares.

RankVendor2018 Life Sciences Apps Revenues, $M2019 Life Sciences Apps Revenues, $MYoY Growth2019 Life Sciences Market Share, %Recent Developments
1IQVIA Subscribe Subscribe5.0% SubscribeIn February 2019, IQvia has acquired bioinformatics company Linguamatics. IQvia, the product of the 2016 merger of Quintiles and IMS Health, is a major biopharmaceutical contract research organization as well as a large data-mining and clinical decision support firm.
2Microsoft Subscribe Subscribe12.4% SubscribeMicrosoft Teams is now used by over 500,000 organizations around the world. Of those, over 150 organizations have 10,000 or more active Teams users, and 91 of the Fortune 100 companies are now using Teams, while Office 365 has more than 120 million business users.
3Veeva Systems Inc. Subscribe Subscribe28.8% SubscribeIn November 2019, Veeva Systems acquired Crossix Solutions and Physicians World. As of January 31, 2020, Veeva served 861 customers ranging from the largest global pharmaceutical and biotechnology companies, including Bayer AG, Boehringer Ingelheim GmbH, Eli Lilly and Company, Gilead Sciences, Merck & Co, and Novartis.
4Salesforce.com Subscribe Subscribe20.0% SubscribeThe acquisition of Tableau added 86,000 customers to Salesforce’s current base of 150,000 accounts. Additionally, the MuleSoft purchase has already added at least 1,200 customers, while the August 2018 deal to buy Datorama for its marketing intelligence products provided access to another 3,000 customers.
5Dassault Systemes Subscribe Subscribe-1.1% SubscribeDassault Systèmes has completed its acquisition of Medidata Solutions, which will now operate as a Dassault Systèmes brand powered by the 3DEXPERIENCE platform. Medidata has over 1500 clients including emerging biotechs, global pharma companies, cutting-edge device and diagnostic companies, innovative academic research sites, broad-mandate government agencies, and others.
6PerkinElmer Informatics (ex CambridgeSoft) Subscribe Subscribe2.0% SubscribeDuring the fiscal year 2019, PerkinElmer completed the acquisition of five businesses for aggregate consideration of $433.1 million in cash. The acquired businesses include Cisbio Bioassays SAS, Shandong Meizheng Bio-Tech Co., Ltd. (“Meizheng Group”) and and three other businesses.
7SAP Subscribe Subscribe4.7% SubscribeSAP went live with 700 S/4HANA customers in 2Q20, resulting in a total of 7,400. Customer count of S/4HANA has grown to 14,600, up from 14,100 in 1Q20.
8Oracle Subscribe Subscribe0.3% SubscribeIn 2020, Oracle Health Sciences introduced Clinical One Data Collection Cloud Service. Earlier in 2018, Oracle acquired goBalto, which delivers leading cloud solutions to accelerate clinical trials by streamlining and automating the selection and set up of the best performing clinical research sites to conduct trials.
9BioClinica Subscribe Subscribe5.0% SubscribeBioClinica has over 500 Clients Including all of the Top 20 Pharmaceutical and Biotech Companies. Among its customers are Pfizer Inc, ClinPlan, Millennium Pharmaceutical, Luitpold Pharmaceuticals, and many others.
10ArisGlobal Subscribe Subscribe6.6% SubscribeMore than 250 life science companies rely on ArisGlobal to facilitate regulatory compliance, manage risk and improve operational efficiency. Recent customer wins include: Dohmen Life Science Services (DLSS), AstraZeneca, SIRO Clinpharm and China FDA Center of Drug Evaluation.
Subtotal Subscribe Subscribe8.8% Subscribe
Other Subscribe Subscribe0.9% Subscribe
Total Subscribe Subscribe5.3% Subscribe

Source: Apps Run The World, November 2020

Other Life Sciences software providers included in the report are: Adobe, ADP, Ansys Inc., Aspen Technology, Aurea, Autodesk, AVEVA Group, Axway, BioClinica, Box Inc., Cegedim, Cisco Systems, Citrix, ClearStory Data, Concentra Analytics Ltd, Cornerstone OnDemand, DSG, Inc., Edgeverve, Fiserv, Flex Databases, Genesys, Google, IBM, iCoachFirst, IDBS, Infor, Intuit Inc., Jaggaer, JDA Software Group, LabWare, McKesson, Model N, Nakisa, NeoGrid, ON24, Open Text Corporation, Optalert Limited, Optymyze, PAREXEL Informatics, PerkinElmer, PTC, QAD Inc., Qlik, Randstad Sourceright, Rockwell Automation, Roper Technologies, SAS Institute, SCC Soft Computer, Schrodinger, SDL, ServiceNow, Siemens PLM Software, Softworks.com, Sopheon, StayinFront, TELUS Health, Visma, Werum IT Solutions, Workday, Xactly, and others.

Custom data cuts related to the Life Sciences Applications market are available:

  • Top 600+ Life Sciences Applications Vendors and Market Forecast 2019-2024
  • 2019 Life Sciences Applications Market By Functional Market (16 Markets)
  • 2019 Life Sciences Applications Market By Country (USA + 45 countries)
  • 2019 Life Sciences Applications Market By Region (Americas, EMEA, APAC)
  • 2019 Life Sciences Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2019 Life Sciences Applications Market By Customer Size (revenue, employee count, asset)
  • 2019 Life Sciences Applications Market By Channel (Direct vs Direct)
  • 2019 Life Sciences Applications Market By Product

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Worldwide Enterprise Applications Market Forecast 2019-2024, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2019-2024, By Vertical Market, $M

Life Sciences Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Life Sciences systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers has been studying the patterns of the latest Life Sciences software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Life Sciences customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductFunction
DrägerLife Sciences11290$2.50BGermanyArasAras PLM PlatformProduct Lifecycle Management
LundbeckLife Sciences5119$2.62BUnited StatesBenefitfocusBenefitfocus MarketplaceEmployee Benefits Enrollment & Administration Software
BrainlabLife Sciences1300$650.0MGermanyBoxBoxContent Management
The University of North Carolina at PembrokeLife Sciences500$120.0MUnited StatesIvantiIvanti IT Service ManagerIT Service Management
IpsenLife Sciences5400$2.18BFranceKinaxisKinaxis RapidResponseSupply Chain Concurrent Planning Platform
Santen PharmaceuticalLife Sciences3805$225.0MJapanKinaxisKinaxis RapidResponseSupply Chain Concurrent Planning Platform
Air LiquideLife Sciences68000$16.38BFranceMedalliaMedallia Experience CloudCustomer Experience
Horizon Pharma plcLife Sciences1010$1.06BIrelandMedidata SolutionsMedidata Clinical CloudClinical Trial Management
Santen PharmaceuticalLife Sciences3805$225.0MJapanMedidata SolutionsMedidata Edge CTMSClinical trial management system
Alliance Pharma plcLife Sciences200$136.6MUnited KingdomMicrosoftMicrosoft Dynamics AXEnterprise Resource Planning
UnilabLife Sciences6000$1.10BPhilippinesNetSuiteNetSuite OneWorldEnterprise Resource Planning
Boehringer IngelheimLife Sciences50000$21.14BGermanySAPSAP SuccessFactors Employee CentralHuman Capital Management
Moderna TherapeuticsLife Sciences600$910.0MUnited StatesSAPSAP S/4 HANAEnterprise Resource Planning
Otsuka Pharmaceuticals EuropeLife Sciences600$132.0MUnited KingdomSAPSAP Business One HANAEnterprise Resource Planning
Otsuka Pharmaceuticals EuropeLife Sciences600$132.0MUnited KingdomSAPSAP AribaSource-to-Pay Procurement and Supply Chain Cloud
Teva PharmaceuticalsLife Sciences57000$22.39BIsraelSAPSAP SuccessFactors Employee CentralHuman Capital Management
EVER PharmaLife Sciences850$100.0MPolandVeeva SystemsVeeva CRMCustomer Relationship Management
Merck & CoLife Sciences69000$40.12BUnited StatesVeeva SystemsVeeva CRMCustomer Relationship Management
Santhera PharmaceuticalsLife Sciences106$23.0MSwitzerlandVeeva SystemsVeeva CRMCustomer Relationship Management
3MLife Sciences91000$31.70BUnited StatesWorkdayWorkday HCMHuman Capital Management
RocheLife Sciences91700$48.42BSwitzerlandAdobe SystemsAdobe Experience ManagerWeb Content Management
ExcellimsLife Sciences55$6.0MUnited StatesAutodeskAutodesk Fusion LifecycleCloud Product Lifecycle Management
Rotech HealthcareLife Sciences4000$500.0MUnited StatesDescartes SystemsDescartes Route Planning and Fleet SchedulingRoute Planning and Fleet Scheduling
Medical AlertLife Sciences100$10.0MUnited StatesFive9Five9 CloudCustomer Service and Support
MedicAlert FoundationLife Sciences130$60.0MUnited StatesFive9Five9 CloudCustomer Service and Support
AstraZenecaLife Sciences50000$24.71BUnited StatesGenesysGenesys Customer Experience PlatformCustomer Experience Platform
23andMeLife Sciences305$85.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM SuiteEnterprise Performance Management
RelypsaLife Sciences400$90.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM SuiteEnterprise Performance Management
Allergan PlcLife Sciences31200$15.07BIrelandIBMIBM Kenexa BrassRingApplicant Tracking Systems
Eli Lilly and CompanyLife sciences41275$19.96BUnited StatesInteractive IntelligencePureCloudCustomer Engagement Platform
Asahi KaseiLife Sciences29127$18.50BJapanJDA Software GroupJDA Supply Chain SoftwareSupply Chain Management
Comprehensive Pharmacy ServicesLife Sciences2000$250.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
TCI – Tokyo Chemical IndustryLife Sciences1500$1.00BJapanManhattan AssociatesManhattan SCALEWarehouse Management System
Karyopharm TherapeuticsLife Sciences200$20.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
LabAnswerLife Sciences250$30.0MUnited StatesMicrosoftMicrosoft Project OnlineProject Portfolio Management
LANXESSLife Sciences16200$9.02BGermanyMicrosoftMicrosoft Dynamics CRMCustomer Relationship Management
Shimadzu Scientific Instruments IncLife Sciences500$50.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
StrykerLife Sciences33000$12.00BUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
SynteractLife Sciences710$175.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Synthetic Genomics, Inc.Life Sciences200$20.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Vital PharmaceuticalsLife Sciences200$20.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
23andMeLife Sciences305$85.0MUnited StatesNetSuiteNetSuite OneWorldEnterprise Resource Planning
Applied BiosystemsLife Sciences200$18.0MUnited StatesOracleOracle Service Cloud (ex RightNow)Customer Experience Platform
Boehringer IngelheimLife Sciences50000$21.14BGermanyOracleOracle Talent Acquisition CloudTalent Acquisition
PfizerLife Sciences78300$48.85BUnited StatesOracleOracle SiebelCustomer Relationship Management
Smiths MedicalLife Sciences7500$2.90BUnited StatesOracleOracle Agile PLMProduct Lifecycle Management
Thermo Fisher ScientificLife Sciences51000$17.00BUnited StatesOracleOracle Service Cloud (ex RightNow)Customer Experience Platform
ServierLife Sciences21400$4.30BRussiaQuintilesIMSQuintilesIMS Nexxus Mobile Intelligence CRMMultichannel CRM
UCBLife Sciences7500$4.20BBelgiumQuintilesIMSQuintilesIMS Nexxus Application SuiteSuite for Healthcare and Life Sciences
Air LiquideLife Sciences68000$16.38BFranceSalesforceSalesforce Service CloudCustomer Service Software
Air LiquideLife Sciences68000$16.38BFranceSalesforceSalesforce Marketing CloudMarketing Automation
Air LiquideLife Sciences68000$16.38BFranceSalesforceSalesforce CRMCustomer Relationship Management
AlereLife Sciences17400$4.00BUnited StatesSalesforceService CloudCustomer Service and Support
Beckman CoulterLife sciences12000$3.66BUnited StatesSalesforceService CloudCustomer Service and Support
Cardinal HealthLife Sciences32500$121.50BUnited StatesSalesforceService CloudCustomer Service and Support
CarestreamLife sciences8100$2.40BUnited StatesSalesforceService CloudCustomer Service and Support
GenentechLife Sciences13720$4.25BUnited StatesSalesforceService CloudCustomer Service and Support
HHS.govLife Sciences79540$33.70BUnited StatesSalesforceService CloudCustomer Service and Support
HospiraLife Sciences16000$4.64BUnited StatesSalesforceService CloudCustomer Service and Support
MindrayLife Sciences7500$1.30BChinaSalesforceService CloudCustomer Service and Support
PfizerLife Sciences78300$48.85BUnited StatesSalesforceService CloudCustomer Service and Support
23andMeLife Sciences305$85.0MUnited StatesSAPSAP ConcurTravel & Expense
AlkaloidLife Sciences1600$113.0MMacedoniaSAPSAP ERP ECC 6.0Enterprise Resource Planning
Allergan PlcLife Sciences31200$15.07BIrelandSAPSAP SuccessFactors Employee CentralHuman Capital Management
Applied MedicalLife Sciences2200$900.0MUnited StatesSAPSAP Product Lifecycle ManagementProduct Lifecycle Management
Eastman Chemical CompanyLife Sciences15000$9.65BUnited StatesSAPSAP S/4 HANAEnterprise Resource Planning
Eastman Chemical CompanyLife Sciences15000$9.65BUnited StatesSAPSAP Digital BoardroomDigital Boardroom
LubrizolLife Sciences9000$7.00BUnited StatesSAPSAP BusinessObjectsBusiness Intelligence Software‎
Moderna TherapeuticsLife Sciences600$910.0MUnited StatesSAPSAP SuccessFactors LearningLearning management system
Moderna TherapeuticsLife Sciences600$910.0MUnited StatesSAPSAP ConcurTravel & Expense
Moderna TherapeuticsLife Sciences600$910.0MUnited StatesSAPSAP BusinessObjectsBusiness Intelligence Software‎
PfizerLife Sciences78300$48.85BUnited StatesSAPSAP Portfolio and Project ManagementProject Portfolio Management
RocheLife Sciences91700$48.42BSwitzerlandSAPSAP Treasury and Risk ManagementTreasury and Risk Management
Seqirus UKLife Sciences2000$200.0MUnited KingdomSAPSAP S/4 HANAEnterprise Resource Planning
Sigma-AldrichLife Sciences9600$2.79BUnited StatesSAPSAP Treasury and Risk ManagementTreasury and Risk Management
Teva PharmaceuticalsLife Sciences57000$22.39BIsraelSAPSAP SuccessFactors Performance & GoalsPerformance & Goals Management
Teva PharmaceuticalsLife Sciences57000$22.39BIsraelSAPSAP SuccessFactors Talent SolutionsRecruiting, Onboarding, Learning, Performance and Goals, Compensation, Succession and Development
Adama BrasilLife Sciences4500$3.08BIsraelSDLSDL Web Experience Management solutionsWeb Experience Management solutions
WatersLife Sciences6500$2.04BUnited StatesSDLSDL Knowledge CenterContent Management
Edwards LifesciencesLife Sciences9800$2.60BUnited StatesSkillsoftSumTotal LearnLearning Management System
23andMeLife Sciences305$85.0MUnited StatesWorkdayWorkday HCMHuman Capital Management
DuPontLife Sciences52000$25.27BUnited StatesWorkdayWorkday HCMHuman Capital Management

Source: Apps Run The World, December 2019

Further Readings

An expanded version of this report covers the top 600+ Life Sciences Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2019 product revenues.

Their 2019 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries (from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.

NO COMMENTS

LEAVE A REPLY