How COVID-19 Impacting AI for Drug Discovery Market? Top Key Players: Atomwise, Inc., Insilico Medicine, Numerate

A new market study report by The Insight Partners on the AI for Drug Discovery Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in the report have been acquired by using proven research assumptions and methodologies. Hence, this research study serves as an important depository of the information for every market landscape. The report is segmented on the basis of types, end-users, applications, and regional markets.

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What is AI for Drug Discovery?

Drug discovery is the preliminary step in the process of a novel drug identification and its therapeutic target. Artificial intelligence (AI) is commonly used in the healthcare industry for drug discovery. Artificial intelligence technology has the ability to recognize drug targets, and play a significant role in drug design, discovery, identification and screening of molecules instantly and effectively. Drug discovery or new drug target are being estimated based on potency, bioavailability, efficacy, and toxicity.

The AI for drug discovery market is expected to grow during the forecast period due to the increasing number of cross-industry partnerships & collaborations, a significant growth in venture capital investments, rise in importance of drug discovery and increase in funding of the R&D activities for the use of AI technology in the field of drug discovery. However, limited awareness, unwillingness among medical practitioners to adopt AI-based technologies, unclear regulatory guidelines for medical software and lack of interoperability among AI solutions offered by different vendors are likely to hamper the growth of the market in the forecast period.

The Emerging Players in the AI for Drug Discovery Market includes

Atomwise, Inc.
Insilico Medicine
BIOAGE
Numerate
NuMedii, Inc.
Envisagenics
Cloud Pharmaceuticals, Inc.
BenevolentAI
twoXAR, Incorporated
Exscientia

An Overview of the Impact of COVID-19 on this Market:

Due to the pandemic, we have included a special section on the Impact of COVID 19 on the AI for Drug Discovery Market which would mention How the Covid-19 is Affecting the AI for Drug Discovery Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for AI for Drug Discovery Players to fight Covid-19 Impact.

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the AI for Drug Discovery market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the AI for Drug Discovery market?
What are the prominent market trends influencing the development of the AI for Drug Discovery market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the AI for Drug Discovery market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the AI for Drug Discovery market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the AI for Drug Discovery market segments and regions.

AI for Drug Discovery Market: Regional analysis includes:

Asia-Pacific Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (The United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the AI for Drug Discovery market.

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This release was published on openPR.