Artificial Intelligence (AI) in Drug Discovery Market To Set Remarkable CAGR Growth of 41.0% By 2029 | Analysed By key Players, Future Trends, Industry Growth And Applications Overview

A New Research on the Artificial Intelligence (AI) in Drug Discovery Market was conducted across a variety of industries in various regions to produce more than 350+ page reports. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors’ challenges in gap analysis and new opportunities and may be trending in the Artificial Intelligence (AI) in Drug Discovery market. Artificial Intelligence (AI) in Drug Discovery Market report covers the whole scenario of the global market including key players, their future promotions, preferred vendors, market shares along with historical data and price analysis. It continues to offer key details on changing dynamics to generate market improving factors. It aims to rationalize the expenses of the company. You can also find the current revenue generation rate and spend score here. The best thing about the Artificial Intelligence (AI) in Drug Discovery market report is the provision of guidelines and strategies `followed by major market players.

Data Bridge Market Research analyses that the artificial intelligence (AI) in drug discovery market is expected to reach the value of USD 7,818.93 million by 2029, at a CAGR of 41.0% during the forecast period. Artificial intelligence's expanded applications in a variety of areas of medicine discovery, including polypharmacology, chemical synthesis, drug screening, drug design, and drug repurposing, are expected to significantly boost market growth.

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Artificial Intelligence (AI) in Drug Discovery Market Report makes available major statistics on the market status of global and regional manufacturers and is a supportive source for companies and individuals interested in the Artificial Intelligence (AI) in Drug Discovery industry. Artificial Intelligence (AI) in Drug Discovery Market report has been structured after a thorough study of various key market segments like market size, share, growth, demand, latest trends, market threats and key drivers which drives the market. The careful efforts accompanied with integrated approaches gives an output of such excellent market research report that drives the decision making process of the business. This market report endows with a profound overview of product specification, technology, product type and production analysis by considering most important factors such as revenue, cost, and gross margin. With the large scale Artificial Intelligence (AI) in Drug Discovery report, businesses can successfully make decisions about business strategies to achieve maximum return on investment (ROI).

Top Manufacturers of Artificial Intelligence (AI) in Drug Discovery Market:

Microsoft
NVIDIA Corporation
IBM Corporation
Atomwise, Inc
DEEP GENOMICS
Cloud Pharmaceuticals, Inc
Insilico Medicine
BenevolentAI Ltd
Exscientia
Cyclica Inc
Numerate
NuMedii, Inc
Envisagenics
twoXAR, Incorporated
OWKIN, INC
XtalPi Inc
BERG LLC

Points Highlighted in the Report:                                             

  • The report includes an overall business forecast that aims to gain valuable insights into the global Artificial Intelligence (AI) in Drug Discovery Market.
  • The main segments have been further classified into sub-segments for a detailed review and a deeper understanding of the industry.
  • The factors leading to market growth have been listed. The data has been collected from primary and secondary sources and analyzed by professionals in the field.
  • The study analyses the latest trends and company profiles of the major players in the market.

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Artificial Intelligence (AI) in Drug Discovery Market Dynamics

Drivers

Strategic collaborations and partnerships

The increasing number of cross-industry collaborations and partnerships will act as major driver influencing the market’s growth rate.

Reduction in total time involved in drug discovery process

The increase in demand for decreasing overall time taken for the drug discovery process will increase the demand for artificial intelligence (AI) in drug discovery and further propel the market’s growth rate. Animal models typically take three to five years to identify and improve compounds before they are tested in humans, whereas AI-based start-ups can identify and design new medications in a matter of days or months.

Furthermore, surging healthcare spending capacity and advancement in healthcare infrastructure are the major drivers that will enhance the growth of market. The surge in the utilization of artificial intelligence (AI) to efficiently study the drug activity will accelerate the demand for artificial intelligence (AI) in drug discovery market. Additionally, reduction in cost of drug discovery will act as major driver influencing the artificial intelligence (AI) in drug discovery market’s growth rate. Another significant factor resulting in the expansion of market is the advancement of technology. Rapid urbanisation, and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of artificial intelligence (AI) in drug discovery market.

Opportunities

Rise in the investment for R&D

Continued…

Recent Development

 

In July 2021, Chief.AI, the machine learning operation platform had announced the launch of pay-as-you-go AI platform for drug discovery. This platform enables SMEs to gain access to cutting-edge technologies at a reasonable cost in order to reduce the hit-or-miss nature of drug discovery and identify breakthrough therapeutics with greater speed and precision.

 

Global Artificial Intelligence (AI) in Drug Discovery Market Scope

 

Offering

Software

Services

 

Technology

Machine Learning

Other Technologies

 

Drug Type

Small Molecule

Large Molecules

 

Application

Immuno-Oncology

Neurodegenerative Diseases

Cardiovascular Disease

Metabolic Diseases

Other Applications

 

End-User

Pharmaceutical and Biotechnology Companies

Contract Research Organizations

Research Centres and Academic

Government Institutes

 

By Geographical Regions

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa.

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Artificial Intelligence (AI) in Drug Discovery Market Regional Analysis/Insights

The artificial intelligence (AI) in drug discovery market is analysed and market size insights and trends are provided by country, offering, technology, drug type, application and end user as referenced above.

North America dominates the artificial intelligence (AI) in drug discovery market because of the increasing investment in R&D and adoption of artificial intelligence (AI) technology in medicine discovery and development in this region. Additionally, strong presence of artificial intelligence (AI) technology providers such as IBM, Google, Microsoft and others will further propel the market’s growth rate in this region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surging level of investment for research and development activities in the region.

Table of Contents

  1. Report Overview
  2. Market Analysis by Types
  3. Product Application Market
  4. Manufacturers Profiles/Analysis
  5. Market Performance for Manufacturers
  6. Regions Market Performance for Manufacturers
  7. Global COVID-19 Impact on Artificial Intelligence (AI) in Drug Discovery Market Performance (Sales Point)
  8. Development Trend for Regions 9. Upstream Source, Technology and Cost
  9. Channel Analysis
  10. Consumer Analysis
  11. Artificial Intelligence (AI) in Drug Discovery Market Forecast
  12. Conclusion

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