Press release
AI in Drug Discovery Market Will See Strong Expansion through 2020-2025 | Top Key Company's - Atomwise, IBM, Microsoft, Google, NVIDIA, Cloud Pharm, Cyclica
Artificial Intelligence (AI) in Drug Discovery Market
Global Artificial Intelligence (AI) in Drug Discovery Market Overview:
This report studies the Global Artificial Intelligence (AI) in Drug Discovery Market over the forecast period of 2020 to 2025. The Global Artificial Intelligence (AI) in Drug Discovery Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2020 to 2025.
Some of the major key factors driving the growth of the Global Artificial Intelligence (AI) in Drug Discovery Market are rapid growth in number of cross-industry collaborations and partnerships, the increasing need to control drug discovery & development costs and reduce the overall time taken in this process, the rising adoption of cloud-based applications & services, and the impending patent expiry of blockbuster drugs. Additionally, a lack of data sets in the field of drug discovery and the inadequate availability of skilled labor are some of the factors challenging the growth of the market.
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The Global Artificial Intelligence (AI) in Drug Discovery Market is segmented on the basis of Type, Application and Region. Artificial Intelligence (AI) in Drug Discovery market is cover distinctive segment market estimate, both volume and value, also cover diverse businesses customers' data, which is imperative for the makers.
Based on the Type, the Global Artificial Intelligence (AI) in Drug Discovery Market is sub-segmented into Software, Services and others. On the basis of Application, the Global Artificial Intelligence (AI) in Drug Discovery Market is classified into Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Research Centers and Academic & Government Institutes and others.
In terms of the geographic analysis, The Artificial Intelligence (AI) in Drug Discovery Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Artificial Intelligence (AI) in Drug Discovery Market ecosystem results in the increasing adoption of these systems in North America.
Top Business News:
Atomwise (January 13, 2020) - Atomwise and BioMotiv Sign AI Partnership to Transform Therapeutic Development - BioMotiv, a mission-driven biopharma company, and Atomwise, the leader in using artificial intelligence (AI) for small molecule discovery, today announced a strategic collaboration to co-develop therapies. The organizations will form co-owned, joint development companies ("JDCs") that will integrate Atomwise's AI technology and BioMotiv's deep expertise in preclinical and clinical development to translate innovative academic and early-stage research into small molecule therapies. Atomwise's AI technology will enable the pursuit of programs for novel and challenging targets that are considered undruggable with traditional tools, provide novel compounds by screening ultra-large compound libraries, and decrease the time and cost of projects by reducing physical testing of compounds.
BioMotiv has raised over $340 million in partnership with the Harrington Discovery Institute to move forward its mission - Accelerate Breakthrough Discoveries into Medicines. "Many potential therapies do not advance into clinical research since the expertise, funding, partners and tools are not readily available to universities, and these programs are too early for further development by pharmaceutical and biotech companies," said Satish Jindal, Ph.D., Managing Director at BioMotiv. "Our vision is to bridge this gap between universities and biopharma, and accelerate the pace these therapies reach the market. Atomwise's technology can find unique compounds for challenging drug targets to accelerate drug discovery and the development of new therapeutics. With Atomwise's AI technology and our expertise, potential therapies have the best path to commercialization."
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Top Leading Key in Players Global Artificial Intelligence (AI) in Drug Discovery Market: IBM, Microsoft, Google, NVIDIA, Atomwise, Deep Genomics, Cloud Pharmaceuticals, Insilico Medicine, BenevolentAI, Exscientia, Cyclica, BIOAGE, Numerate, NuMedii, Envisagenics, twoXAR, OWKIN, XtalPi, Verge Genomics, BERG and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Artificial Intelligence (AI) in Drug Discovery Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). IBM, Microsoft, Google, NVIDIA, Atomwise, Deep Genomics, Cloud Pharmaceuticals, Insilico Medicine, BenevolentAI, Exscientia, Cyclica, BIOAGE, Numerate, NuMedii, Envisagenics, twoXAR, OWKIN, XtalPi, Verge Genomics, BERG are some of the key vendors of Artificial Intelligence (AI) in Drug Discovery across the world. These players across Artificial Intelligence (AI) in Drug Discovery Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: Artificial Intelligence (AI) in Drug Discovery Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Artificial Intelligence (AI) in Drug Discovery in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Artificial Intelligence (AI) in Drug Discovery Market Report 2020
1 Artificial Intelligence (AI) in Drug Discovery Product Definition
2 Global Artificial Intelligence (AI) in Drug Discovery Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Artificial Intelligence (AI) in Drug Discovery Shipments
2.2 Global Manufacturer Artificial Intelligence (AI) in Drug Discovery Business Revenue
2.3 Global Artificial Intelligence (AI) in Drug Discovery Market Overview
3 Manufacturer Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.1 IBM Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.2 Microsoft Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.3 Google Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.4 NVIDIA Corporation Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.5 Atomwise, Inc. Artificial Intelligence (AI) in Drug Discovery Business Introduction
3.6 Deep Genomics Artificial Intelligence (AI) in Drug Discovery Business Introduction
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