Press release
AI In Pharma Market (2022-2026) Industry Trends, Share, Size, Growth, Opportunity, and Forecasts
AI In Pharma Market
The regions covered in the AI in pharma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest AI in pharma market share.
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The AI in pharma market consists of sales of AI in the pharma and related services that use an automated algorithm to perform tasks that traditionally rely on human intelligence. It can be useful in handling data and presenting results that encourage better decision-making and save human efforts, cost, and time. The market consists of revenue generated by artificial intelligence companies, which are applying in the pharmaceutical industry. Only goods and services traded between entities or sold to end consumers are included.
Key competitors in the AI in pharma market include Novartis, IBM Watson, Microsoft Corporation, Merck, GNS Healthcare., Google, AstraZeneca, Atomwise Inc., Exscientia, Cyclica, NVIDIA Corporation, XtalPi Inc., BenevolentAI, Cloud Pharmaceuticals Inc, BERG LLC, Bayer, Pfizer, Recursion Pharmaceuticals Inc., and Bristol-Myers Squibb.
The global AI in pharma market size is expected to grow from $934.56 million in 2021 to $1,236.09 million in 2022 at a compound annual growth rate (CAGR) of 32.3%. The change in the AI in pharma market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $3626.24 million in 2026 at a CAGR of 30.9%.
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TBRC's report segments the global AI in pharma market:
1) By Technology: Context-Aware Processing, Natural Language Processing, Querying Method, Deep Learning
2) By Drug Type: Small Molecule, Large Molecules
3) By Application: Diagnosis, Clinical Trial Research, Drug Discovery, Research and Development, Epidemic Prediction
Read Further On The AI In Pharma Market Here:
https://www.thebusinessresearchcompany.com/report/ai-in-pharma-global-market-report
The Table of Contents includes:
1. Executive Summary
2. AI in Pharma Market Characteristics
3. AI in Pharma Market Trends And Strategies
4. Impact Of COVID-19 On AI in Pharma
5. AI in Pharma Market Size And Growth
.....
27. AI in Pharma Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI in Pharma Market
29. AI in Pharma Market Future Outlook and Potential Analysis
30. Appendix
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