Photo by Nwato
China is the industry’s largest market.
According to GlobalData, the global data and analytics market for the pharmaceutical industry will be worth US$110 million in 2022 and is expected to reach US$210 million by 2028.
The industry’s expansion is attributed to advancements in data and content management.
China is the industry’s largest market, accounting for approximately 20.2% of global sales in 2022 and expected to increase to 25.9% in 2028.
Gaffar Aga, strategic intelligence analyst at GlobalData, said: “As the pharmaceutical industry becomes more digital and the number of sources of complex and large data sets produced continues to increase, big data is becoming increasingly important to the growth and innovation of the pharmaceutical industry.”
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