Artificial Intelligence in Life Sciences Market Latest Trends, Business Opportunity and Scope 2021 to 2025: IBM Corporation, NuMedii Inc., Atomwise Inc, Lifegraph, Cyrcadia Health Inc

The Artificial Intelligence in Life Sciences Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Artificial Intelligence In Life Sciences Market was valued at USD 1092.44 million in 2019 and is expected to reach USD 3445.60 million by 2025, at a CAGR of 21.1% over the forecast period 2020 - 2025. 

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Competitive Landscape:

Top Companies: IBM Corporation, NuMedii Inc., Atomwise Inc, Lifegraph, Cyrcadia Health Inc., Numerate Inc., Sensely Inc., Sophia Genetics SA, Insilico Medicine Inc., Enlitic Inc., APIXIO Inc., Zebra Medical Vision, Lifegraph Limited, twoXAR Inc., AiCure LLC

Industry News and Updates:

In Oct 2018, Lifegraph launched their new app on the Google Play Store. It uses AI in the core to forecast the state of patient health. The app named Lifegraph - AI technology for migraine management, was launched to help track changes in the behavior and weather throughout the day and, using machine learning, predicts an imminent attack for actionable self-care.

Key Market Trends:

India, the third-largest pharmaceutical market in Asia, is increasingly gaining much-needed government focus on expanding affordable health care. As part of the Union Budget FY19, the government announced the worlds largest National Health Protection Scheme, for which the government set aside an investment worth USD 307.6 million, to provide coverage of up to USD 7,690 per year, to 500 million people belonging to financially vulnerable households, for the treatment of serious ailments. Simultaneously, AI and machine learning have already started penetrating various industries across India, with healthcare being one of the biggest beneficiaries of the AI revolution. According to a report by CIS India published in 2018, AI could help add USD 957 billion to the Indian economy by 2035. In the July-September 2017 quarter, around 16 Indian healthcare IT companies received funding. The adoption of AI in life sciences in India is being driven by the likes of Microsoft, and a slew of health-tech startups.

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What are the market influences 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 evaluated 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 Life Sciences 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.

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