Press release
Artificial Intelligence (AI) in Drug Discovery Market Size to surpass 26.8%+ CAGR up to 2028 | Microsoft Corporation, IBM Corporation, Google (A Subsidiary of Alphabet Inc.), Atomwise, Euretos, Insitro, GNS Healthcare
Artificial Intelligence (AI) in Drug Discovery Market
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Global Artificial Intelligence (AI) in Drug Discovery Market Analysis and Forecast, 2019-2028. The global AI in the Drug Discovery market was US$ 780 million in 2021 and is expected to grow at a CAGR of 26.8% over the forecast period of 2022-2028.
Leading Companies and Market Players
• Microsoft Corporation
• IBM Corporation
• Google (A Subsidiary of Alphabet Inc.)
• Atomwise Inc
• Deep Genomics
• Cloud Pharmaceuticals Inc.
• Insilico Medicine
• Benevolent AI
• Exscientia
• Cyclica
• Bioage
• BioSymetrics
• Euretos
• Insitro
• GNS Healthcare
Market Scope & Overview
The global Artificial Intelligence in Drug Discovery market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028.
based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Artificial Intelligence in Drug Discovery market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
The global AI in the Drug Discovery market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019.
Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
the global AI in the Drug Discovery market based on component, therapeutic area, technology, application, and region.
By Component
• Software
• Hardware
• Services
By Therapeutic Area
• Oncology
• Neurodegenerative Diseases
• Cardiovascular Disease
• Metabolic Diseases
• Infectious Disease
By Technology
• Machine Learning
• Deep Learning
By Application
• Target Identification
• Candidate Screening
• De novo Drug Designing
• Drug Optimization and Repurposing
• Preclinical Testing
Questions And Answers: Global Artificial Intelligence (AI) in Drug Discovery Market
Q1. What is the CAGR that the Artificial Intelligence (AI) in Drug Discovery Market is expected to register through the projected duration?
Answer: The Artificial Intelligence (AI) in Drug Discovery Market is likely to register a CAGR of 26.8% over the forecast period.
Q2. Which Are the Key Players in Global Artificial Intelligence (AI) in Drug Discovery Market?
Answer: Microsoft Corporation, IBM Corporation, Google (A Subsidiary of Alphabet Inc.), Atomwise Inc, Deep Genomics, Cloud Pharmaceuticals Inc., Insilico Medicine among others are the leading players in worldwide Artificial Intelligence (AI) in Drug Discovery Market
For more details on this report: https://www.marketstudyreport.com/reports/global-artificial-intelligence-ai-in-drug-discovery-market-analysis-and-forecast-2019-2028
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