Press release
Artificial Intelligence in Drug Discovery Market to Grow at a CAGR more than 45% by 2028: Key Players, SWOT, Porter's Analysis, Market Size & Forecast till 2028
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COVID-19 scenario:
• The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
• The companies operating in the Artificial Intelligence in Drug Discovery market have been positively impacted due to the COVID-19 pandemic resulted in an increase in the growth of the market for 2020 and 2021.
The pharmaceutical & biotechnology companies segment hold the largest market share. The increase in funding for drug development by government has increased the share of pharmaceuticals companies. Apart from these various public and private player companies are collaborating to increase the process of drug development.
North America hold the highest market share due to high adoption of AI technologies, and large number of investments, collaborations, partnerships, and high investment in Research & development. Apart from these the majorplayer of AI technologies such as Google, NVIDIA, Microsoft and IBM are headquarter in US. Asia-Pacific is expected to grow at the highest during the forecast period, due to the rise in adoption of advanced AI technologies in drug development.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Artificial Intelligence in Drug Discovery market provides an in-depth analysis of key players which includes:
• IBM Corporation
• Microsoft
• NVIDIA Corporation
• Atomwise, Inc
• Deep Genomics
• Cloud Pharmaceuticals
• Insilico Medicine
• Benevolent AI
• Exscientia
The global Artificial Intelligence in Drug Discovery Market is segmented based on Component, Technology, Application, and end user. On the basis of component, the market is segmented as Software, Service. Based on the technology, the market is segmented as Machine Learning (Deep Learning, Supervised Learning, Reinforcement Learning, Unsupervised Learning, Other Machine Learning Technlogies), Other technologies. And based on the application, the market is analyzed across the Neurodegenerative Diseases, Immuno-Oncology, CVD. Based on the end user, the market is segmented as Pharmaceutical & Biotechnology, CRO
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Global Artificial Intelligence in Drug Discovery Market Geographic Coverage:
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Artificial Intelligence in Drug Discovery Market
• Value Chain Analysis of Global Artificial Intelligence in Drug Discovery Market
• What is the CAGR of the global Artificial Intelligence in Drug Discovery Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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