Good news for the science, technology, and healthcare sector; with forecasted CAGR of 6.9% from 2013-2019, this segment of the information industry will grow to $125 billion, with the Health Information and Health IT segment leading the growth at 9.5%, followed by Pharma Information & Solutions at 5.6%. With new business models, the growth of open access, and ongoing demand to focus on the needs of researchers and other professionals at the center of the market, there’s ample opportunity for market expansion and disruption with new technologies and infrastructure to support innovation across the space.
Science, Technology and Healthcare 2016 Market Sizing report uses Outsell’s updated definition of this segment to include Scientific & Technical Information and Solutions, Geophysical & Geomapping, Medical Information, Health Information & Health IT and Pharma Information & Solutions. The report offers a detailed analysis of market trends and forecasts for segment growth and performance to 2019 in each of the major categories.
This report is a must-read to capitalize on the market’s future growth. Outsell recommends that firms operating in the space ensure that they look for growth opportunities in monetizing data assets across these traditionally data-intensive sectors and focus on the workflow needs of the research and technical professionals. Innovation is the backbone of this market and growth opportunities are also available to those firms who remain open to partnerships.
We base the information in this report on a comprehensive and rigorous methodology Outsell developed. This methodology provides financial estimates for the overall market, for appropriate markets within the overall segment, and for specific companies in the ecosystem. Revenue is analyzed several different ways, including both retrospectively in terms of historical trends and prospectively via Outsell’s market forecast. We provide growth rates, market share, and, where possible, geographic, revenue source, and format (print versus digital) splits for leading companies within the space. Outsell methodology starts with its database of over 8,000 global media and information companies worldwide. These firms are assigned to all appropriate segments in which they operate.
Outsell uses all publicly available information and its own insight and research with the companies themselves to size each player in the space. We size public companies primarily on their reported results, though we also apply Outsell analysis to further segment and align their revenues according to Outsell’s industry segmentation. We size private companies using the best available information on each company, augmented by our own primary research.
For each market segment, we identify the top 10 largest players in the space (by revenue) in a table. Those companies that derive revenue from multiple segments have their revenue allocated by segment. Only the portion of provider’s total revenue that is attributed to the subject segment is identified under that company for that segment. The sum of the various segment revenues for a provider equals the company’s total reported/estimated information industry revenue.
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