The global life science software market is experiencing substantial growth, with a projected market size reaching US$ 70.37 billion by 2034, expanding at a remarkable CAGR of 12.94% between 2025 and 2034. The market is set to grow from US$ 20.84 billion in 2024 to US$ 23.54 billion in 2025, indicating a steady rise in the demand for life science software solutions across industries like pharmaceuticals, biotechnology, healthcare, and research institutions.

This article provides insights into the market’s growth trajectory, key drivers, and a look at the top companies leading the way in the life science software space.

Life Science Software Market Overview

The life science software market encompasses a range of specialized software solutions that assist in managing, analyzing, and processing data within life sciences and healthcare industries. These solutions help streamline operations, enhance research and development processes, ensure regulatory compliance, and improve patient care. With the market growing at a robust pace, it is poised to impact various sectors including drug discovery, clinical trials, and laboratory management.

Key Market Insights:

• Global Market Size: US$ 20.84 billion in 2024, reaching US$ 70.37 billion by 2034.

• Growth Rate: Expected to maintain a CAGR of 12.94% from 2025 to 2034.

• Revenue Share: North America captured the largest market share of 42% in 2024.

• Fastest Growing Region: Asia Pacific is expected to grow at the highest CAGR during the forecast period.

• Leading Solutions: Laboratory Information Management Systems (LIMS) and Drug Discovery Informatics are the key segments.

Top Companies in the Life Science Software Market

1. Dassault Systèmes

• About: Dassault Systèmes, a leader in 3D design and product lifecycle management, offers innovative life science software solutions under its BIOVIA and Medidata Solutions brands.

• Products: BIOVIA provides lab automation and management solutions, while Medidata Solutions specializes in clinical trial management and data analytics.

• Market Cap: Approximately US$ 60 billion.

2. Veeva Systems Inc.

• About: Veeva Systems is a cloud-based software provider that offers solutions tailored to the life sciences industry, particularly in the areas of clinical trials and regulatory compliance.

• Products: Veeva Vault (document management), Veeva Vault QMS, and Veeva CRM for life sciences.

• Market Cap: Around US$ 45 billion.

3. Thermo Fisher Scientific (Core Informatics)

• About: A global leader in laboratory equipment and software, Thermo Fisher Scientific offers Core Informatics, a platform for managing life science data and streamlining research workflows.

• Products: Laboratory Information Management Systems (LIMS), Enterprise Laboratory Informatics Solutions.

• Market Cap: Approximately US$ 250 billion.

4. Oracle Health Sciences

• About: Oracle provides software solutions for healthcare and life sciences, with a focus on clinical trials, data management, and patient care.

• Products: Oracle Health Sciences Cloud, Oracle Clinical One Platform.

• Market Cap: Around US$ 380 billion.

5. IQVIA Technologies

• About: IQVIA Technologies offers advanced analytics and software solutions to healthcare providers, pharmaceutical companies, and biotech firms.

• Products: IQVIA Orchestrated Healthcare Cloud, Clinical Trial Management Software.

• Market Cap: Approximately US$ 50 billion.

6. SAP SE (SAP Life Sciences)

• About: SAP SE, a leading enterprise software provider, offers SAP Life Sciences solutions for managing clinical trials, compliance, and research data.

• Products: SAP Integrated Business Planning for Life Sciences, SAP Advanced Track and Trace for pharmaceuticals.

• Market Cap: Around US$ 160 billion.

7. PerkinElmer Informatics (Revvity)

• About: PerkinElmer Informatics, now part of Revvity, focuses on data analysis solutions for the life sciences, helping to accelerate drug discovery and research.

• Products: Lab Informatics Solutions, Data Analytics Software.

• Market Cap: Approximately US$ 24 billion.

8. LabWare (LIMS/ELN Solutions)

• About: LabWare is a major player in laboratory automation, offering robust Laboratory Information Management Systems (LIMS) and Electronic Laboratory Notebooks (ELNs) for research and development.

• Products: LIMS, ELN, and Instrument Management Solutions.

• Market Cap: Private company, with strong market presence.

9. LabVantage Solutions

• About: LabVantage is a global provider of LIMS, helping laboratories in the life sciences industry improve data management and streamline research workflows.

• Products: LabVantage LIMS, Laboratory Data Management Solutions.

• Market Cap: Private company.

10. Agilent Technologies

• About: Agilent Technologies is a key player in the life sciences software market, offering a variety of solutions for laboratory management and scientific analysis.

• Products: Agilent Laboratory Informatics Solutions, Mass Spectrometry Software.

• Market Cap: Approximately US$ 41 billion.

11. Waters Corporation

• About: Waters Corporation provides innovative software and analytical instruments to accelerate research and drug discovery in life sciences.

• Products: Waters Empower Software for lab data management and analysis.

• Market Cap: Around US$ 17 billion.

12. Schrödinger, Inc.

• About: Schrödinger specializes in providing advanced software tools for drug discovery, aiding in the design and testing of pharmaceutical compounds.

• Products: Schrödinger Software Suite for Molecular Simulation and Drug Discovery.

• Market Cap: Approximately US$ 5 billion.

13. Benchling, Inc.

• About: Benchling provides cloud-based software for life science research and development, focusing on biopharmaceutical and biotech industries.

• Products: Benchling R&D Cloud, Life Science Research Management Tools.

• Market Cap: Private company.

14. Dotmatics (Part of Insightful Science)

• About: Dotmatics, now a part of Insightful Science, provides software for scientific research and data management, helping life science companies streamline operations and enhance data analysis.

• Products: Data Management Solutions, Scientific Collaboration Software.

• Market Cap: Private company.

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Frequently Asked Questions (FAQs)

1. What is the life science software market’s growth rate?

   • The market is growing at a CAGR of 12.94% from 2025 to 2034.

2. Which region holds the largest share of the life science software market?

   • North America holds the largest market share, accounting for 42% of the market revenue in 2024.

3. What are the key segments in the life science software market?

   • The major segments include Laboratory Information Management Systems (LIMS) and Drug Discovery Informatics.

4. Which company leads the life science software market?

   • Companies like Dassault Systèmes, Veeva Systems, and Thermo Fisher Scientific are major players in the market.

5. How fast is the life science software market expected to grow in Asia Pacific?

   • Asia Pacific is expected to grow at the fastest CAGR during the forecast period.

Source : https://www.towardshealthcare.com/insights/life-science-software-market-sizing

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