Artificial Intelligence
Pet Food Ingredient Market Size is projected to reach USD 77 Billion by 2030, growing at a CAGR of 7.2%: Straits Research
New York, United States, July 12, 2022 (GLOBE NEWSWIRE) — Pet food is a specialized diet designed to fulfill the nutritional needs of domesticated animals. Meat, meat byproducts, cereals, grains, vitamins, and minerals are the typical ingredients in pet food. Meat, poultry, and seafood byproducts, feed grains, and soy meal make up the majority of pet food ingredients. Domesticated animals, euthanized companion animals, and horses are among the animals used for rendering. In the 1990s, the National Animal Control Association estimated that roughly 5 million animals were transported to rendering plants and recycled into pet food. They are typically referred to as meat or bone meal on ingredient lists.
Parts of damaged carcasses, bones, cheek meat, and organs including intestines, kidneys, liver, lungs, udders, spleen, and stomach tissue may be used as pet food. Cereal grains, such as soybean meal, cornmeal, cracked wheat, and barley, are frequently used to improve the consistency of the product and lower the cost of the raw materials. Blood, water, and meat broth are examples of liquid ingredients. Artificial flavors are not used in general, although certain candies may contain smoke or bacon flavors. Manufacturers commonly add vitamins and minerals to pet food.
Over time, the proportion of vegetable and grain ingredients in pet foods has increased dramatically. It is anticipated that the meat used in the first commercial pet foods will be replaced with plant-based ingredients. 64% of pet foods containing meat as the first ingredient have multiple protein sources, with chicken being the most prevalent option.
Pet food options are available for various breeds, sizes, ingredient preferences, disease conditions, life stages, and price points. Unlike service animals, companion animals have specific dietary requirements, such as pre-formed vitamin A and amino sulfone taurine in cat food, and arginine in both cat and dog food, according to studies on pet nutrition. Emerging knowledge of the nutritional benefits of minerals, dietary fiber, carotenoids, and omega-3 fatty acids and the significance of meat fats and proteins in optimal pet nutrition are the primary factors currently being evaluated in the Pet Food Ingredients Market.
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Growth in Pet Population and Demand for High Protein Content Food to Drive the Market of Pet Food Ingredients
There is a growing trend of staying single or childless for longer durations, which has led to a rise in the adoption of companion animals. This trend is most prevalent in Europe and the United States, but emerging economies such as India and China quickly adapt. Hence, there is apparent demand for nutritious and healthy pet food, which is expected to propel the market.
As dogs, fish, cats, and birds have become increasingly popular as household pets, the pet food industry has exploded. The number of pets is expected to increase at the same rate over the next four years, creating market opportunities for companies that produce pet food ingredients. As more cats and dogs are adopted, there is a greater demand for pet medications, food, and accessories.
Increasing attachment to pets due to rising livelihoods and the cultural shift toward adopting pets as companions are also expected to drive the pet food market. Numerous scientific studies indicate that pets also serve as stress relievers. This is another primary contributor to the rising household adaptation of pets, driving the demand for pet food and the ingredient market.
The pet food’s ingredients are abundant in high-quality protein and omega-3 fatty acids. When added to food, these substances increase the nutritional value of the feed and provide benefits such as increased growth rate, increased protein digestibility, enhanced feed conversion, enhanced immune system, and decreased mortality of aquatic species. Thus, it is anticipated that raising awareness among pet food manufacturers of the nutritional benefits of protein-rich ingredients will increase the supply of these ingredients.
Increasing consumer awareness of the significance of consuming foods with high nutritional value has led to increased protein demand. As the number of consumers in the Asia-Pacific region has grown, so has the demand for protein derived from animals (including fish). This is envisioned to raise the demand for fish and fish products, thereby driving the market for fish-based pet food ingredients over the forecast period.
Report Scope
| Report Metric | Details |
| Market Size | USD 77 Billion by 2030 |
| CAGR | 7.2% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Ingredients, By Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Dupont Nutrition & Health, FoodSafe Technologies, Diana Group, AFB International, Lallemand Inc., BioVia Antimicrobial, MicroGARD Fermentates, Active MOS |
| Key Market Opportunities | Use of Gluten as Pet Food Ingredient |
| Key Market Drivers | Growth in Pet Population and Adoption Demand For High Protein Content Food |
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Impact of COVID-19
To curb the spread of the COVID-19 pandemic, the government-imposed regulations slowed the economy, halted production, slowed the development of projects, and required market participants to cease operations. The government imposed social distance regulations that restricted the mobility and output of the labor force. As a result, the pandemic negatively impacted the supply chains of the pet food industry.
Due to the prohibition on the transportation of raw materials, the pet food industry initially encountered supply and cash flow difficulties. However, during the lockdown, the demand for pet food steadily increased in many world regions as more people adopted pets out of a desire for companionship. To meet this demand, market participants have shifted their focus from physical stores to e-commerce platforms by investing more in developing their own websites.
Nonetheless, as pet ownership increased during the pandemic, the market for pet food expanded. To meet demand and supply, producers of pet food increased production. After the lockdowns were lifted, pet food manufacturers and suppliers resumed large-scale operations, resulting in an expansion of the market.
Regional Insights
The Asia-Pacific region will have the largest market share for pet ingredient products. The area will account for approximately 35% of the regional market during the forecast period. Expanding population, rising disposable income, and a regional humanization trend have emerged as the primary factors driving up pet care expenditures. The market is shifting from mass-market to premium products as consumer preferences for natural products increase.
Due to the entry of new market participants, prices for pet food in Asia-Pacific nations are likely to decrease. In developing nations like the Philippines and Malaysia, price wars between key players and the introduction of value products expand the consumer base by making products more affordable, thereby increasing the number of consumers. In contrast, developed nations such as South Korea and Japan adopt a premium pricing and offering strategy as the norm.
North America’s share will reach USD 49.7 billion during the forecast period, expanding at a CAGR of 7.1%. The regional demand for pet food ingredients is primarily driven by the increasing awareness of the positive impact on pet health and the rising trend of humanizing pets. Due to a well-established pet food industry and a high percentage of pet ownership, the United States has become the leading market for pet food ingredients in North America. Regarding populations of cats, dogs, and fish, the country ranks among the top five in the world.
In the coming years, Canada, the second-largest market in North America for pet food ingredients, is anticipated to record a significant growth rate. According to the Canadian Animal Health Institute, Canada has 8.3 million cats and 8.3 million dogs. Premiumization and product differentiation are the two most significant factors influencing the growth of the pet food industry in the region.
Key Highlights
- The global pet food ingredient market was valued at USD 41 billion in 2021. It is expected to expand at a CAGR of 7.2% to reach USD 77 billion during the forecast period (2022–2030).
- Based on ingredients, amino acids are expected to have the highest share in the pet food ingredient market, amounting to 34% by 2030.
- Region-wise, Asia-Pacific will command the largest share of 35% of the total market share in 2030.
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Competitive Players
- Dupont Nutrition & Health
- FoodSafe Technologies
- Diana Group
- AFB International
- Lallemand Inc.
- BioVia Antimicrobial
- MicroGARD Fermentates
- Active MOS
Global Pet Food Ingredient Market: Segmentation
By Ingredients
- Speciality Proteins
- Amino Acids
- Mould Inhibitors
- Gut Health Ingredients
- Phosphates
- Vitamins
- Acidifiers
- Carotenoids
- Enzymes
- Mycotoxin Detoxifiers
- Flavors and Sweeteners
- Antimicrobials and Antibiotics
- Minerals
- Antioxidants
By Regions
- North America
- Asia-Pacific
- Europe
- Central and South America
- The Middle East and Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Pet Food Ingredient Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Ingredients Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Speciality Proteins
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Amino Acids
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Mould Inhibitors
5.4.1 Market Size & Forecast (Value & Volume)
5.5 Gut Health Ingredients
5.5.1 Market Size & Forecast (Value & Volume)
5.6 Phosphates
5.6.1 Market Size & Forecast (Value & Volume)
5.7 Vitamins
5.7.1 Market Size & Forecast (Value & Volume)
5.8 Acidifiers
5.8.1 Market Size & Forecast (Value & Volume)
5.9 Carotenoids
5.9.1 Market Size & Forecast (Value & Volume)
5.10 Enzymes
5.10.1 Market Size & Forecast (Value & Volume)
5.11 Mycotoxin Detoxifiers
5.11.1 Market Size & Forecast (Value & Volume)
5.12 Flavors and Sweeteners
5.12.1 Market Size & Forecast (Value & Volume)
5.13 Antimicrobials and Antibiotics
5.13.1 Market Size & Forecast (Value & Volume)
5.14 Minerals
5.14.1 Market Size & Forecast (Value & Volume)
5.15 Antioxidants
5.15.1 Market Size & Forecast (Value & Volume)
6 Regional Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 North America
6.2.1 Economic Overview
6.2.2 Market Scenario
6.2.3 U.S.
6.2.4 Canada
6.2.5 Mexico
6.3 Central and South America and the Caribbean
6.3.1 Economic Overview
6.3.2 Market Scenario
6.3.3 Brazil
6.3.4 Argentina
6.3.5 Colombia
6.3.6 Rest of Central and South America and the Caribbean
6.4 Europe
6.4.1 Economic Overview
6.4.2 Market Scenario
6.4.3 Germany
6.4.4 France
6.4.5 The U.K.
6.4.6 Italy
6.4.7 The Rest Of Europe
6.5 Asia-Pacific (APAC)
6.5.1 Economic Overview
6.5.2 Market Scenario
6.5.3 China
6.5.4 Japan
6.5.5 India
6.5.6 Australia
6.5.7 South Korea
6.5.8 Rest Of APAC
6.6 Middle East
6.6.1 Economic Overview
6.6.2 Market Scenario
6.6.3 South Arabia
6.6.4 The UAE
6.6.5 Qatar
6.6.6 Oman
6.6.7 Turkey
6.6.8 The Rest Of Middle East
6.7 Africa
6.7.1 Economic Overview
6.7.2 Market Scenario
6.7.3 Nigeria
6.7.4 South Africa
6.7.5 The Rest Of Africa
7 Competitive Landscape — Manufacturers & Suppliers
7.1 Competition Dashboard
7.2 Industry Structure
7.3 Dupont Nutrition & Health
7.3.1 Business Overview
7.3.2 Financial Performance
7.3.3 Recent Developments
7.3.4 Portfolio
7.4 Dupont Nutrition & Health
7.5 FoodSafe Technologies
7.6 Diana Group
7.7 AFB International
7.8 Lallemand Inc.
7.9 BioVia Antimicrobial
7.10 MicroGARD Fermentates
7.11 Active MOS
8 Conclusion & Recommendation
9 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/pet-food-ingredient-market/toc
Market News
- Dupont Nutrition and Health revealed a new research study on plant-based eating.
- AFB International presented the “Cats” Eating Enjoyment Informs Preference of Food Components” study at the 2021 Petfood Forum.
News Media
Global Pet Food Ingredient Market to Ascend at a CAGR during Estimated Period
Top 7 Animal Feed Producers
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Artificial Intelligence
Simplilearn and Degreed Collaborate to Transform Workforce Development with AI-Enhanced Learning
SAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ — Simplilearn, the world’s leading digital skills training provider, and Degreed, the innovative learning platform, today announced their strategic partnership to offer premier educational content and platform solutions that drive skills-based learning. This collaboration introduces Simplilearn as one of the first to join Degreed’s AI-Ready partner category, integrating Simplilearn’s extensive educational offerings with Degreed’s advanced learning solutions to deliver transformative learning experiences for individuals and enterprises.
Simplilearn has been at the forefront of digital skills training for over a decade, supporting professionals and organizations worldwide with holistic learning experiences that are instructor-led and hands-on. Their comprehensive range of high-quality courses in artificial intelligence, machine learning, cloud computing, data science, and digital marketing is now seamlessly integrated into the Degreed platform. This AI-powered integration equips Learning & Development (L&D) professionals with a more targeted curation experience, simplifying the creation of personalized learning plans and development pathways tailored to the evolving needs of their teams and organizations.
As technology rapidly transforms industries and reshapes job roles, the demand for advanced, practical training is at an all-time high. Degreed’s ‘AI-Ready’ partner category makes it easier for customers to discover, organize, and access relevant learning materials. Through this partnership, a comprehensive suite of courses and resources is more easily discoverable, empowering individuals and organizations to upskill and stay competitive in the fast-evolving tech landscape.
Leveraging AI, the platform will offer personalized course recommendations based on each learner’s background and experience. This intelligent approach ensures that training is relevant and aligned with individual career goals and organizational needs. Additionally, the collaboration offers access to over 700 live classes each month, keeping teams updated with the latest industry trends and technological advancements. Complementing these live sessions are more than 500 courses and role-based learning paths covering essential areas such as AI, cybersecurity, data science, and machine learning.
Mr. Krishna Kumar, Founder and CEO, Simplilearn, said, “Partnering with Degreed represents a pivotal moment in our journey at Simplilearn. This collaboration underscores our commitment to harnessing cutting-edge technology and tailored learning experiences. By integrating Degreed’s advanced AI capabilities with our industry-leading programs, we are poised to redefine how individuals and organizations approach skill development, ensuring a more agile and role-ready workforce.”
Mr. Max Wessel, co-CEO of Degreed, said, “Our partnership with Simplilearn shows our dedication to equipping professionals with the most relevant skills for today’s fast-paced technology landscape. By using AI to power the integration of Simplilearn’s top-tier courses into Degreed, we enhance our ability to offer personalized, precise, and high-impact learning experiences – helping organizations turn the talent they have into the talent they need.”
About Degreed:
Degreed is the enterprise learning company, offering the world’s leading experience platform to drive skill driven development. Degreed enables organizations to collect, understand, and build skills to develop a workforce that’s ready for anything. To learn more about Degreed, visit www.degreed.com.
About Simplilearn:
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone portfolio company, is the world’s leading digital skills provider, enabling learners across the globe. Simplilearn offers access to world-class work-ready training to individuals and businesses worldwide. Simplilearn offers 1,500+ live classes each month across 150+ countries, impacting over 8 million learners globally. The programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or business goals.
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Artificial Intelligence
Multinational Auto Manufacturer to Insource Service Operations with 3CLogic’s Integrated AI and Contact Center Solution for ServiceNow CSM and ITSM
Leading conglomerate selects 3CLogic’s CCaaS offering, purpose-built for ServiceNow CSM and ITSM, as it insources service desk operations to streamline workflows and save millions in operating costs.
ROCKVILLE, Md., Oct. 2, 2024 /PRNewswire/ — 3CLogic, the leading AI and cloud contact center solution for ServiceNow®, today announced the integration of its AI and CCaaS capabilities by a leading auto manufacturer as it seeks to optimize its service desk operations. Leveraging the company’s existing investment in ServiceNow IT Service Management (ITSM) and Customer Service Management (CSM), the collaboration is expected to enhance productivity, improve issue resolution, and significantly reduce operating expenses.
Manufacturing tens of millions of vehicles and equipment annually, supported by a vast network of over 150,000 associates and affiliates, the organization faced challenges due to the limited insights and services provided by its outsourced contact center. Among the most impactful was the lack of integration to its back-office ServiceNow IT and Customer workflows, where the siloed structure negatively impacted the organization’s visibility into performance, process improvements, and service speed.
“We are delighted to support this strategic initiative,” explains Denis Seynhaeve, CEO at 3CLogic. “This is yet another example of a large enterprise organization eager to reclaim ownership of its internal and external support services to enable better experiences through automation, simplification of its technology stack, and tactical use of AI for better insights.”
3CLogic’s integrated AI and contact center solution with ServiceNow CSM and ITSM will deliver a number of capabilities, including AI-powered call transcription and sentiment analysis, automated agent performance and coaching, after-hours voicemail transcription, integrated SMS alerts & notifications, and consolidated reporting with ServiceNow’s native performance analytics. The insourcing of services and process efficiencies are expected to generate approximately $2.6 million in ROI within the first three years of deployment. In addition, the organization is exploring the consolidation of its HR service delivery to unify its operations further.
As the first and only ServiceNow-certified Advanced Platform CCaaS partner, 3CLogic displays a unique approach to streamlined employee and customer workflows for ServiceNow and is expected to discuss its latest AI and contact center capabilities for ServiceNow ITSM, CSM, HRSD, and source-to-pay at the upcoming World Forums in Dallas, TX, on October 8th, 2024, in Munich, Germany, on October 23rd, 2024, and in New York City, NY, on November 7th, 2024.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Artificial Intelligence
Life Science Analytics Market to Hit USD 61.94 Billion by 2029 with 11.7% CAGR | MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ — The global life science analytics market is projected to grow from USD 35.69 billion in 2024 to USD 61.94 billion by 2029, at a robust CAGR of 11.7%. Key drivers include advancements in analytical technologies that streamline data management and enhance insights from diverse sources like clinical trials and electronic health records, alongside rising demands for precision medicine. However, challenges such as data privacy concerns and a shortage of skilled professionals hinder progress. Noteworthy collaborations, like those between TetraScience and Databricks, exemplify the trend towards leveraging AI for improved outcomes in drug development and clinical trials. North America leads the market, fueled by high healthcare expenditure and a focus on innovation, while descriptive analytics currently dominates the market segments. Overall, the life science analytics landscape is evolving rapidly, presenting both opportunities and challenges that stakeholders must navigate to enhance research and operational efficiencies.
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Browse in-depth TOC on “Life Science Analytics Market”
455 – Tables54 – Figures385 – Pages
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing life science analytics by enabling advanced data analysis, pattern recognition, and predictive modeling, which are crucial for enhancing drug discovery, clinical trials, and personalized medicine. Companies are investing in leveraging AI & ML across their product lifecycles. In February 2024, Trinity Life Sciences launched Brand Insights AI, a new tool designed to enhance biopharmaceutical brand research by ingesting data from various sources, accelerating analysis, and revealing hidden patterns. This powerful tool leverages Trinity’s AI expertise to refine insights and optimize the use of existing information, supporting impactful and efficient research across the pharmaceutical commercialization spectrum.
The global life science analytics market is segmented into descriptive, prescriptive, and predictive analytics, by type. The prescriptive analytics segmented is expected to register highest growth during the forecast period. The high growth of this market is. driven by its ability to offer actionable recommendations, optimize decision-making, and streamline complex processes such as clinical trial management and personalized medicine. Its advanced predictive capabilities help stakeholders minimize risks, enhance treatment outcomes, and improve operational efficiency. Additionally, the excrubating demand for precision medicine and real-time data-driven strategies further fuels its adoption.
The life science analytics market is divided into services, and software, by component. In 2023, the largest share of life science analytics market belonged to the services segment. The high adoption of life science analytics services over software is driven by the need for specialized expertise and tailored solutions that go beyond the capabilities of standalone software. Increased security, improved cost effectiveness, better usability & flexibility, and improved integration capabilities of services are a few factors impacting market growth. Moreover, the escalating user base and changing needs of companies looking for all-inclusive solutions and support, coupled with the adoption of life science analytics software, generate demand for a range of services, including modification, implementation, and consulting.
The surging adoption of advanced analytics in commercial operations within the life sciences sector is revolutionizing how companies cultivate market strategies & enhance business performance to optimize product launches by providing insights into market trends, competitive landscapes, and customer preferences. Companies are leveraging various organic & inorganic strategies to expand their offerings in commercial operations. For instance, in April 2024, IQVIA and Salesforce expanded their global strategic partnership to accelerate the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform. This collaboration will combine IQVIA’s Orchestrated Customer Engagement (OCE) platform with Salesforce’s CRM, offering an end-to-end solution for transforming healthcare professional and patient engagement in the life sciences industry.
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The prominent players operating in the Life science analytics market include Oracle (US), Merative (formerly IBM) (US), SAS Institute (US), Accenture (Ireland), IQVIA (US), Cognizant (US), Wipro (India), Veradigm (US), Optum (US), Microsoft (US), MaxisIT (US), ExlService Holdings (US), Inovalon (US), CitiusTech (US), Saama (US), Axtria (US), Clarivate (UK), ThoughtSphere (US), ThoughtSpot (US), Salesforce (US), Google LLC (US), Amazon Web Services, Inc. (US), Veeva Systems (US), Elsevier (Netherlands), and Komodo Health, Inc. (US). These companies adopted strategies such as product launches, product updates, expansions, partnerships, collaborations, mergers and acquisitions to strengthen their market presence in the life science analytics market.
These players not only have a comprehensive and diverse product portfolio but also a strong geographic presence. Owing to the emergence of new application areas for life science analytics, these players can focus on technologies and offerings dedicated towards research & development, commercial operations, safety, etc.
These market players have offered a diverse range of products and services and have operations worldwide. They rely on technological advancements to avail themselves of innovative products and services and increase their global footprint. These players focus on acquisitions, collaborations, agreements, mergers, product launches & updates, partnerships, expansions, and other recent developments to expand their global reach and develop advanced life science analytics solutions.
Oracle (US) is one of the leading life science analytics companies across the globe. The company provides analytics software & services for various applications including research & development, commercialization, among others. The company focuses on continuously updating its products and meeting customer expectations. Oracle also continuously invests in expanding its solutions by partnerships & collaborations to provide tailored solutions to its end users. For instance, in February 2024, Oracle partnered with ObvioHealth, Inc. to integrate diverse data in decentralized clinical trials and analyze health data from several sources for clinical trials anywhere globally. The company holds a broad customer base and a wide geographic presence, making Oracle as a critical player in various IT software, hardware, and service-related markets, including the life science analytics market.
Merative (US) is one of the prominent players operating in the life science analytics market. Merative offers a comprehensive suite of informatics products and services for life science analytics. The company leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), and other technologies to strengthen the accuracy and efficiency of evidence analysis. The company has a strong brand recognition and extensive product portfolio that has contributed to its success. The company serves life science systems, clinical trial sponsors, and medical device manufacturing industries. The company has established offices across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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