AI-driven Drug Discovery Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

AI-driven Drug Discovery Market Size
The global AI-driven Drug Discovery market was valued at US$ 716 million in 2023 and is anticipated to reach US$ 1372.6 million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-35X12900/Global_AI_driven_Drug_Discovery_Market_Research_Report_2023

AI-driven Drug Discovery Market
AI, its end-to-end drug discovery platform using generative artificial intelligence to discover new targets, design new molecules, and predict the outcome of clinical trials.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
This report aims to provide a comprehensive presentation of the global market for AI-driven Drug Discovery, 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 AI-driven Drug Discovery.
Report Scope
The AI-driven Drug Discovery market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global AI-driven Drug Discovery 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.
The report will help the AI-driven Drug Discovery companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Get regional report
https://reports.valuates.com/request/regional/QYRE-Auto-35X12900/Global_AI_driven_Drug_Discovery_Market_Research_Report_2023

Market Segmentation

Segment by Type

• Small Molecule Drug
• Biological Modeling
• Structural Biology
• Others

Segment by Application
• Pharmaceutical and Biotechnology Companies
• Research Laboratories

By Company
Entos, Selvita, Benevolent, Exscientia, Euretos, Illumina with AstraZeneca, Novo Nordisk with Microsoft, Iktos, Aqemia, Zephyr AI, Cyclicarx, Eli Lilly, Terray Therapeutics, Ardigen, ReviveMed, Insilico Medicine, XtalPi, MindRank, DP Technology

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-35X12900/global-ai-driven-drug-discovery

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.