Artificial Intelligence In Drug Discovery Market To Witness the Highest Growth Globally in Coming Years 2021 to 2027: IBM, Microsoft, Google, NVIDIA Corporation

Global Artificial Intelligence In Drug Discovery Market Size, Status And Forecast 2021-2027

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Artificial Intelligence In Drug Discovery market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies adopted by various players in order to sustain competition in this highly competitive environment.

The global artificial intelligence in drug discovery market size was valued at USD 473.4 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 28.8% from 2021 to 2027.

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Top Companies in the Global Artificial Intelligence In Drug Discovery Market: IBM, Microsoft, Google, NVIDIA Corporation, Atomwise, Inc., Deep Genomics, Cloud Pharmaceuticals, Insilico Medicine, BenevolentAI, Exscientia, Cyclica, BIOAGE, Numerate, NuMedii, Envisagenics, twoXAR, OWKIN, Inc., XtalPi, Verge Genomics, BERG LLC

Global Artificial Intelligence In Drug Discovery Market Split by Product Type and Applications:

This report segments the global Artificial Intelligence In Drug Discovery market on the basis of Types are:

Software
Services

On the basis of Application, the Global Artificial Intelligence In Drug Discovery market is segmented into:

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

North America held the major share of the artificial intelligence for drug discovery and development market in 2019 and is expected to continue its dominance during the forecast period, owing to strong economies in the U.S. and Canada; high adoption rate of AI technologies due to large number of investments to boost the drug discovery industry; and large number of cross industry collaborations and partnerships majorly fuel the market growth. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to rise in adoption of advanced AI technologies, and growth in focus of major players on increasing their presence in emerging Asian countries.

Key Findings Of The Study

By type, the preclinical and clinical testing segment occupied 33.9% share of the artificial intelligence for drug discovery and development market in 2019.

By indication, the oncology segment is anticipated to grow with the highest CAGR throughout the forecast period.

By end user, the pharmaceutical and biotechnology companies segment occupied 86.1% share of the artificial intelligence for drug discovery and development market in 2019.

By region, North America is anticipated to experience growth at 53.50% during the forecast period.

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Key Takeaways from Artificial Intelligence In Drug Discovery Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the Artificial Intelligence In Drug Discovery market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - Artificial Intelligence In Drug Discovery market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Artificial Intelligence In Drug Discovery

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Artificial Intelligence In Drug Discovery Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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