Artificial Intelligence (AI) In Drug Discovery Market Analysis, Size, Share, Latest Trends, Growth, And Forecast Report 2023-2032
As per the artificial intelligence (ai) in drug discovery market report by The Business Research Company, the rise in demand for a reduction in the overall time taken for the drug discovery process is a key driver propelling the growth of the artificial intelligence (AI) in drug discovery market. Traditionally, it takes three to five years for animal models to identify and optimize molecules before they are evaluated in humans whereas start-ups based on AI have been identifying and designing new drugs in a matter of few days or months
The global artificial intelligence (ai) in drug discovery market size will grow from $1.04 billion in 2022 to $1.38 billion in 2023 at a compound annual growth rate (CAGR) of 31.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global artificial intelligence (ai) in drug discovery market size is expected to grow to $3.74 billion in 2027 at a CAGR of 28.4%.
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Major competitors in the artificial intelligence (ai) in drug discovery market include IBM Corporation, Microsoft, Atomwise Inc., Deep Genomics, Cloud Pharmaceuticals, Insilico Medicine, Benevolent AI, Exscientia, Cyclica and BIOAGE
The artificial intelligence (ai) in drug discovery market is segmented -
By Technology: Deep Learning, Machine Learning
By Drug Type: Small Molecule, Large Molecules
By Therapeutic Type: Metabolic Disease, Cardiovascular Disease, Oncology, Neurodegenerative Diseases, Other Therapeutics
By End-Users: Pharmaceutical Companies, Biopharmaceutical Companies, Academic And Research Institutes, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the artificial intelligence (ai) in drug discovery market.
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Artificial intelligence (AI) is a simulation of the human intelligence in machines that are programmed to think and behave like humans. AI helps to complete the job quickly and with relatively few errors. the main technologies in artificial intelligence (AI) in drug discovery are deep learning and machine learning. Deep learning is a machine learning and artificial intelligence (AI) technique that mimics how humans acquire knowledge. Data science, which covers statistics and predictive modelling, incorporates deep learning as a key component. The different drug types include small molecule, large molecules and involves various types of therapies such as c, others. It is implemented in several end-users including pharmaceutical companies, biopharmaceutical companies, academic and research institutes, others.
The Table Of Content For The Artificial intelligence (ai) in drug discovery market Include:
1. Executive Summary
2. Artificial Intelligence (AI) In Drug Discovery Market Characteristics
3. Artificial Intelligence (AI) In Drug Discovery Market Trends And Strategies
4. Artificial Intelligence (AI) In Drug Discovery Market - Macro Economic Scenario
5. Artificial Intelligence (AI) In Drug Discovery Market Size And Growth
26. Africa Artificial Intelligence (AI) In Drug Discovery Market
27. Artificial Intelligence (AI) In Drug Discovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Drug Discovery Market
29. Artificial Intelligence (AI) In Drug Discovery Market Future Outlook and Potential Analysis
The "Global Artificial intelligence (ai) in drug discovery market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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