Artificial Intelligence in Drug Discovery Market Size & Growth Analysis Report, 2021-2027

Global Artificial Intelligence in Drug Discovery market size was valued at $473.4 million in 2019 and is expected to grow at a CAGR of 27% from 2021 to 2027. Driving force for reducing drug discovery costs Production in recent years is expected to increase the demand for artificial intelligence (AI) platforms in the field of drug discovery. The average cost of discovery and development of a new drug is US$2.6 billion, according to industry journals. This is primarily due to the narrow developmental test funnel that eliminates most of the candidate therapies within preclinical and phase 1 trials. This is driving the adoption of artificial intelligence for faster, more efficient and cost-effective drug discovery among pharmaceutical industry stakeholders.

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Artificial Intelligence in Drug Discovery Market Segmentation

By Offering

• Software
• Services

By Technology

• Machine Learning

o Deep Learning
o Supervised Learning
o Reinforcement Learning
o Unsupervised Learning
o Other Machine Learning Technologies

• Others Technologies

By Application

• Immuno-Oncology
• Neurodegenerative Diseases
• Cardiovascular Diseases
• Metabolic Diseases
• Other Applications

By End User

• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations
• Research Centers and Academic & Government Institutes

Competitive Profiles

• IBM Watson
• Exscientia
• GNS Healthcare
• Alphabet (DeepMind)
• Benevolent AI
• BioSymetrics
• Euretos
• Berg Health
• Atomwise
• Insitro
• Cyclica

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• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Artificial Intelligence in Drug Discovery Market Report

• What was the Artificial Intelligence in Drug Discovery Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Artificial Intelligence in Drug Discovery Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Artificial Intelligence in Drug Discovery Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.