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Artificial Intelligence (AI) in Biotechnology market was valued at US$ 2919 million in 2022 and is anticipated to reach US$ 9367.4 million by 2029, witnessing a CAGR of 21.5% - Valuates Reports
Artificial Intelligence (AI) in Biotechnology market was valued at US$ 2919 million in 2022 and is anticipated to reach US$ 9367.4 million by 2029, witnessing a CAGR of 21.5% during the forecast period 2023-2029.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-20B14250/Global_Artificial_Intelligence_AI_in_Biotechnology_Market_Research_Report_2023
AI in biotech is critical for boosting invention in labs and throughout a medicine's or chemical compound's lifecycle. AI-based tools and applications aid in the development of molecule structures per the target market. Machine learning, a subset of artificial intelligence, aids in estimating combinations and permutations of different compounds to determine the best combination without the need for manual experiments in the lab. Artificial intelligence's application in biotech brings about innovations that aid predictive modeling to forecast market demand for a specific drug or chemical. AI in Biotech can also assist in the smart distribution of raw materials needed by the biotech sector via cloud computing.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Artificial Intelligence (AI) in Biotechnology is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Artificial Intelligence (AI) in Biotechnology is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Artificial Intelligence (AI) in Biotechnology in Agriculture Biotechnology is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Artificial Intelligence (AI) in Biotechnology include AstraZeneca, Abbott Laboratories, Amgen, Inc., Atomwise, Biogen, Bristol-Myers Squibb, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc and Johnson & Johnson Services, Inc., etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence (AI) in Biotechnology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence (AI) in Biotechnology.
The Artificial Intelligence (AI) in Biotechnology market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Artificial Intelligence (AI) in Biotechnology market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Segment by Type
Hardware
Software and Services
Segment by Application
Agriculture Biotechnology
Medical Biotechnology
Animal Biotechnology
Industrial Biotechnology
Others
Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-20B14250/global-artificial-intelligence-ai-in-biotechnology
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