The "Artificial Intelligence (AI) in Drug Discovery Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Artificial Intelligence (AI) in Drug Discovery Market?
Market Analysis and Size
AI is becoming an important tool in healthcare, particularly in drug manufacturing, where it addresses R&D gaps and enables targeted drug production. Biopharmaceutical companies are leveraging AI to bolster their market presence. In drug discovery, AI simulates human intelligence, tackling complex challenges and expediting development. Its adoption in clinical trials streamlines processes, cutting cycle times, enhancing productivity, and improving accuracy.
Data Bridge Market Research analyses the global artificial intelligence (AI) in drug discovery market, which was USD 932.24 million in 2023, is expected to reach USD 1,409.14 million by 2031, at a CAGR of 5.30% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Artificial Intelligence (AI) in Drug Discovery market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Artificial Intelligence (AI) in Drug Discovery Market.
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Which are the driving factors of the Artificial Intelligence (AI) in Drug Discovery market?
The driving factors of the Artificial Intelligence (AI) in Drug Discovery market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Artificial Intelligence (AI) in Drug Discovery across various industries further propel market expansion.
Artificial Intelligence (AI) in Drug Discovery Market - Competitive and Segmentation Analysis:
Global Artificial Intelligence (AI) in Drug Discovery Market, By Application (Novel Drug Candidates, Drug Optimization and Repurposing Preclinical Testing and Approval, Drug Monitoring, Finding New Diseases Associated Targets and Pathways, Understanding Disease Mechanisms, Aggregating and Synthesizing Information, Formation and Qualification of Hypotheses, De Novo Drug Design, Finding Drug Targets of an Old Drug, and Others), Technology (Machine Learning, Deep Learning, Natural Language Processing, and Others), Drug Type (Small Molecule and Large Molecule), Offering (Software and Services), Indication (Immuno-Oncology, Neurodegenerative Diseases, Cardiovascular Diseases, Metabolic Diseases, Rare Diseases, Infectious Diseases and Others), End Use (Contract Research Organizations (CROs), Pharmaceutical and Biotechnology Companies, Research Centers and Academic Institutes, and Others) – Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Artificial Intelligence (AI) in Drug Discovery market?
Some of the major players operating in the global artificial intelligence (AI) in drug discovery market are:
- NVIDIA Corporation (U.S.)
- IBM (U.S.)
- Atomwise Inc. (U.S.)
- Microsoft (U.S.)
- Benevolent AI (U.K.)
- Aria Pharmaceuticals, Inc. (U.S.)
- DEEP GENOMICS (Canada)
- Exscientia (U.K.)
- Insilico Medicine (U.S.)
- Cyclica (Canada)
- NuMedii, Inc. (U.S.)
- Envisagenics (U.S.)
- Owkin Inc. (U.S.)
- BERG LLC (U.S.)
- Schrödinger, Inc. (U.S.)
- XtalPi Inc. (China)
Short Description About Artificial Intelligence (AI) in Drug Discovery Market:
The Global Artificial Intelligence (AI) in Drug Discovery market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Artificial Intelligence (AI) in Drug Discovery. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Artificial Intelligence (AI) in Drug Discovery Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Artificial Intelligence (AI) in Drug Discovery in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Artificial Intelligence (AI) in Drug Discovery market?
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Artificial Intelligence (AI) in Drug Discovery Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Artificial Intelligence (AI) in Drug Discovery market?
- Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Artificial Intelligence (AI) in Drug Discovery?
- What are the upcoming industry applications and trends for Artificial Intelligence (AI) in Drug Discovery market?
- What Are Projections of Global Artificial Intelligence (AI) in Drug Discovery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Artificial Intelligence (AI) in Drug Discovery?
- What are the raw materials used for Artificial Intelligence (AI) in Drug Discovery manufacturing?
- How big is the opportunity for the Artificial Intelligence (AI) in Drug Discovery market?
- How will the increasing adoption of Artificial Intelligence (AI) in Drug Discovery for mining impact the growth rate of the overall market?
- How much is the global Artificial Intelligence (AI) in Drug Discovery market worth? What was the value of the market In 2020?
- Who are the major players operating in the Artificial Intelligence (AI) in Drug Discovery market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Artificial Intelligence (AI) in Drug Discovery Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Artificial Intelligence (AI) in Drug Discovery Market Insights and Forecast to 2031
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Artificial Intelligence (AI) in Drug Discovery Market By Type
- Artificial Intelligence (AI) in Drug Discovery Market By Function
- Artificial Intelligence (AI) in Drug Discovery Market By Material
- Artificial Intelligence (AI) in Drug Discovery Market By End User
- Artificial Intelligence (AI) in Drug Discovery Market By Region
- Artificial Intelligence (AI) in Drug Discovery Market: Company Landscape
- SWOT Analysis
- Company Profiles
- Continued...
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Data Bridge Market Research:
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