Press release
Artificial Intelligence in Life Sciences Market: The global market is expected to grow at a CAGR of 20.26% during the forecasted period.
As per the study initiated by Evolve Business Intelligence, the global Artificial Intelligence in Life Sciences Market size accounted for USD 1.56 billion in 2022, growing at a CAGR of 20.26% from 2023 to 2033. The artificial intelligence (AI) in life sciences market is experiencing significant growth, with a projected CAGR ranging from 19.90% to 25.23% over the next decade. The market is driven by factors such as technological advancements, increasing demand for personalized medicine, and the growing adoption of AI in various applications such as drug discovery, medical diagnosis, clinical trials, and patient monitoring. The market is segmented by offering, deployment, application, and geography, with North America holding the largest market share. Key players in the market include IBM Corporation, Atomwise, Inc., Nuance Communications, Inc., and others. The adoption of AI in life sciences is expected to revolutionize the industry and offer unprecedented opportunities for advancements in healthcare technology.Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022092
Key Highlights:
• The global Artificial Intelligence in Life Sciences Market size was valued at USD 1.56 billion in 2022 growing at a CAGR of 20.26% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Artificial Intelligence in Life Sciences Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Artificial Intelligence in Life Sciences Market players holding high market shares include Indegene, Lexalytics, Databricks and SAS Institute Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Indegene
• Lexalytics
• Databricks
• SAS Institute Inc.
• Sisense
• IQVIA
• IBM
• Sorcero
Segmental Analysis
Market Segment By Component
• Software
• Hardware
• Services
Market Segment By Application
• Research and Development
• Sales and Marketing support
• Supply chain analytics
• Others
Market Segment By Deployment
• On-premise
• Cloud
Market Segment By End-user
• Medical Devices
• Pharmaceutical
• Biotechnology
• Others
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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