Press release
Meticulous Research® Unveils Latest Insights: Artificial Intelligence in Drug Discovery Market to Reach $8.95 Billion by 2030
Meticulous Research®, a premier global market intelligence provider, has released its latest report titled, "Artificial Intelligence in Drug Discovery Market by Offering (Software, Service), Application (Target Discovery, Lead Identification, Clinical Testing), Therapy Area (Oncology, Cardiology, Neurodegenerative), Deployment, End User-Global Forecast to 2030."Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5429
According to the report, the global AI in drug discovery market is projected to surge to $8.95 billion by 2030, at a robust CAGR of 27.2% from 2024 to 2030. This impressive growth trajectory is fueled by several factors, including the increasing need to shorten drug discovery timelines, the expanding role of AI across drug discovery applications, the rising prevalence of chronic diseases, and advancements in AI technology within the healthcare sector.
Moreover, the growing adoption of machine learning (ML) in drug discovery, the rise of local and regional AI start-ups, and increasing investments in research and development (R&D) are creating a fertile ground for market expansion.
Artificial Intelligence in Drug Discovery: A Market Poised for Transformation
The report provides a comprehensive analysis of the global AI in drug discovery market, segmented by offering (software, services), deployment mode (on-premises, cloud & web-based), application (target discovery & validation, lead identification, drug optimization, preclinical & clinical testing), therapeutic area (immuno-oncology, neurodegenerative diseases, cardiovascular diseases, metabolic diseases, and more), end user (pharmaceutical & biopharmaceutical companies, contract research organizations, academic & research institutes), and geography. The study offers an in-depth look at industry competitors, highlighting their market shares and analyzing regional trends.
Browse in Depth: https://www.meticulousresearch.com/product/artificial-intelligence-in-drug-discovery-market-5429
Key Insights from the Study
• Offering Segment: In 2024, the software segment is expected to hold the largest share of the AI in drug discovery market. Software solutions, often provided through licensed models, subscriptions, or software-as-a-service (SaaS), generate consistent revenue streams. The widespread adoption of AI-based software to reduce costs and timeframes in drug discovery is a primary driver behind the segment's dominance.
• Deployment Mode: The cloud and web-based deployment segment is projected to experience the fastest growth during the forecast period. Cloud platforms offer seamless accessibility, minimal maintenance costs, and vast storage capabilities, making them an ideal solution for handling large pharmaceutical datasets. This trend is expected to accelerate the adoption of cloud-based platforms for AI-driven drug discovery.
• Application Segment: In 2024, the lead compound identification segment is forecast to capture the largest share of the market. This stage is critical in drug discovery, as it marks the beginning of developing new therapeutic agents. The increasing application of AI in lead identification is driving significant growth in this segment.
• Therapeutic Area: Oncology is set to dominate the AI in drug discovery market in 2024, reflecting the increasing focus on cancer therapies. With nearly 19.3 million new cancer cases reported globally in 2020 (source: International Agency for Research on Cancer), the demand for innovative oncology treatments is high. AI-based algorithms are being extensively adopted in oncology, further boosting this segment's market share.
• End User: Pharmaceutical and biopharmaceutical companies are expected to lead the AI in drug discovery market in 2024. Their substantial investments in AI and concentrated efforts to develop AI-based oncology treatments are key factors supporting the segment's leading position.
Regional Overview
Geographically, North America is anticipated to lead the AI in drug discovery market in 2024, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest market within North America, driven by increasing investments from both public and private sectors, widespread adoption of AI solutions in drug discovery, and the presence of key players such as Abbott Laboratories and Pfizer Inc. The well-established pharmaceutical and AI industries in the U.S. further contribute to its market leadership.
Quick Buy @ https://www.meticulousresearch.com/Checkout/74258841
Competitive Landscape
The report profiles key players in the AI in drug discovery space, including Microsoft Corporation (U.S.), Exscientia plc (U.K.), NVIDIA Corporation (U.S.), Schrödinger, LLC (U.S.), Atomwise, Inc. (U.S.), BenevolentAI Limited (U.K.), Deep Genomics Incorporated (Canada), InSilico Medicine (U.S.), Cloud Pharmaceuticals, Inc. (U.S.), Standigm Inc. (South Korea). These companies are at the forefront of AI-driven innovation, pushing boundaries in drug discovery and development through cutting-edge technologies and strategic partnerships.
Related Reports:
Pharmaceutical Automation Market - https://www.meticulousresearch.com/product/pharmaceutical-automation-market-5280
Healthcare Artificial Intelligence Market - https://www.meticulousresearch.com/product/healthcare-artificial-intelligence-market-4937
Artificial Intelligence in Medical Diagnostics Market - https://www.meticulousresearch.com/product/artificial-intelligence-in-medical-diagnostics-market-5312
Artificial Intelligence in Genomics Market - https://www.meticulousresearch.com/product/ai-in-genomics-market-5345
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email-
sales@meticulousresearch.com
Visit Our Website:
https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Meticulous Research® Unveils Latest Insights: Artificial Intelligence in Drug Discovery Market to Reach $8.95 Billion by 2030 here
News-ID: 3652584 • Views: …
More Releases from Meticulous Research®
Attention Deficit Hyperactivity Disorder (ADHD) Market - Global Opportunity Anal …
Market Overview
The global Attention Deficit Hyperactivity Disorder (ADHD) market is witnessing steady growth, driven by increasing diagnosis rates, rising awareness about mental health, and the introduction of advanced treatment options. ADHD is a neurodevelopmental disorder characterized by symptoms such as inattention, hyperactivity, and impulsivity, affecting both children and adults. Early diagnosis, coupled with effective medical and behavioral interventions, plays a critical role in improving patient outcomes.
Over the forecast period from…
Algal Pigments Market - Global Opportunity Analysis and Industry Forecast (2025- …
Market Overview
The global algal pigments market is emerging as a significant sector within the natural colorants industry, driven by increasing consumer preference for plant-based, sustainable, and health-oriented products. Algal pigments are naturally occurring compounds extracted from various algae species, offering a range of vibrant colors along with nutritional and antioxidant properties. Common examples include chlorophylls, carotenoids, and phycobiliproteins, each finding applications across industries such as food and beverages, cosmetics, pharmaceuticals,…
North America Online Language Learning Market - Opportunity Analysis and Industr …
Market Overview
The North America online language learning market is experiencing strong growth as digital technologies transform the way people acquire new languages. With increasing globalization, the need for multilingual communication has become essential in education, business, travel, and cultural exchange. Online platforms are bridging language barriers through interactive learning tools, AI-powered tutors, gamified content, and flexible learning schedules.
From 2024 to 2031, the market is expected to expand significantly, driven by…
Sports Medicine Market - Global Opportunity Analysis and Industry Forecast (2025 …
The sports medicine market is gaining significant momentum worldwide, driven by the rising participation in sports and fitness activities, increasing sports-related injuries, and the growing focus on preventive care and rehabilitation. Sports medicine refers to medical practices and products aimed at improving athletic performance, preventing injuries, and providing treatment and recovery solutions. It encompasses a wide range of products including implants, arthroscopy devices, braces, physiotherapy equipment, and performance monitoring tools.
1.1 MARKET…
More Releases for Artificial
Artificial Intelligence or Artificial Soul by Denise White
Author Denise White exposes the subtle societal forces shaping young minds and offers profound wisdom to help children develop resilience against artificial influences.
As artificial intelligence continues to permeate every aspect of modern life, from self-driving cars to virtual assistants, a critical question arises: Are we sacrificing our authenticity and human essence for the sake of technological advancement? In her latest book, Guarding the Child's Imagination , author Denise White sheds…
Artificial Neural Network Software Market: Advancements in Artificial Neural Net …
The Report on "Artificial Neural Network Software Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
Market Growth of Artificial Neural Network Software Market: The artificial neural network software market is experiencing robust growth as organizations across various industries increasingly leverage AI-driven solutions to enhance decision-making, automate processes, and gain actionable insights from…
Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc.
The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to…
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes…
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra…
Artificial Kidney Market Report 2018: Segmentation by Type (Wearable Artificial …
Global Artificial Kidney market research report provides company profile for Medtronic, DaVita, Merit Medical Systems, NIPRO Medical Corporation, Nikkiso, B. Braun Melsungen AG, Kawasumi Laboratories, Fresenius, Baxter, Asahi Kasei Medical, Xcorporeal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
