AI In Pharma Market Top Countries Data With CAGR Value, Global Industry Brief Analysis By Top Key Companies And Growth Insights To 2023 - 2032 | Novartis, IBM Watson, Microsoft Corporation, Merck

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the AI in pharma market report by The Business Research Company, The growing adoption of artificial intelligence (AI) for clinical trials research is driving its demand for AI in the pharmaceutical market. To bring a new drug to the market takes on an average 10-15 years approximately and half of this time is consumed during the clinical trial phases of the drug development cycle.

The global AI in pharma market size grew from $1.24 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. 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 AI in pharma market size is expected to grow to $4.61 billion in 2027 at a CAGR of 29.4%.

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Major competitors in the AI in pharma market include Novartis, IBM Watson, Microsoft Corporation, Merck, GNS Healthcare., Google, AstraZeneca, Atomwise, Inc., Exscientia, and Cyclica.

The AI in pharma market is segmented -
• By Technology: Context-Aware Processing, Natural Language Processing, Querying Method, Deep Learning
• By Drug Type: Small Molecule, Large Molecules
• By Application: Diagnosis, Clinical Trial Research, Drug Discovery, Research and Development, Epidemic Prediction. North America was the largest region in the AIOps market.

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AI in pharma refers to the use of automated algorithms to jobs that normally need human intelligence. Large datasets including disease patterns can be successfully identified by AI solutions in pharma, and they can also assist in understanding which medication formulations would be most effective for treating certain ailments.

The Table Of Content For The AI in pharma Market Include:
1. Executive Summary
2. AI in Pharma Market Characteristics
3. AI in Pharma Market Trends And Strategies
4. AI in Pharma Market - Macro Economic Scenario
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

The "Global AI In Pharma 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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