Press release
AI in Drug Discovery Market Projected to Reach $26.5 Billion by 2034, Growing at a 29.8% CAGR
AI in Drug Discovery Market
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Advanced algorithms harness artificial intelligence (AI) in drug discovery to analyse large datasets, forecast molecular interactions, and create new compounds for potential therapy. By using machine learning and data mining methodologies, AI speeds up the drug development timeline, enhancing molecule choices and cutting expenses. It also improves target recognition, lead customization, and toxicity forecasting, transforming pharmaceutical research and speeding up the distribution of life-saving drugs.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/ai-in-drug-discovery-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โ Pharmaceutical companies are more frequently collaborating with AI technology providers to improve their drug discovery endeavors. These partnerships merge the pharmaceutical companies' industry knowledge with the AI technology's computational capabilities, resulting in streamlined drug development procedures and creative drug options.
โ Ongoing progress in AI, especially in NLP, predictive analytics, and quantum computing, is greatly enhancing its potential in drug discovery. The merging of AI with genomics, proteomics, and other omics technologies is increasing the need for personalized medicines.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
With so many businesses involved, the market is projected to become more competitive as it continues to grow. Here is the list of the leading companies operating in the AI in drug
discovery market:
โข Atomwise Inc.
โข BenevolentAI
โข Berg Health (In January 2023, Berg Health acquired by
BPGbio Inc.)
โข BioSymetrics, Inc.
โข CYCLICA (Acquired by Recursion Pharmaceuticals)
โข Exscientia
โข GNS Healthcare (In January 2023, the company
Rebranded as Aitia)
โข Google (DeepMind)
โข IBM
โข Insilico Medicine
โข Insitro
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/802/0
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The AI in drug discovery market is mainly segmented based on offering, technology, therapeutic area, application, end user, and region. Based on therapeutic area analysis, the oncology segment held the largest market share in 2024 because of the increasing number of cancer patients worldwide. The increase in cancer cases requires an expedited drug development process in the oncology field, leading to a rise in the usage of AI in drug discovery and subsequently boosting the growth of the market.
Moreover, according to the end user analysis, the pharmaceutical and biotechnology companies segment is anticipated to be the fastest-growing market segment because of the growing investment in research and development. These companies are notably ramping up their investments in research and development (R&D) in order to stay ahead of the competition and introduce new drugs to the market.
Artificial Intelligence in Drug Discovery Market, Application Outlook (Revenue - USD Million, 2020-2034)
โข Drug Optimization & Repurposing
โข Preclinical testing
โข Others
Artificial Intelligence in Drug Discovery Market, Therapeutic Area Outlook (Revenue - USD Million, 2020-2034)
โข Oncology
โข Neurodegenerative Diseases
โข Cardiovascular Disease
โข Metabolic Diseases
โข Infectious Disease
โข Others
Artificial Intelligence in Drug Discovery Market, Offering Outlook (Revenue - USD Million, 2020-2034)
โข Software
โข Services
Artificial Intelligence in Drug Discovery Market, Technology Outlook (Revenue - USD Million, 2020-2034)
โข Machine Learning
o Deep Learning
o Supervised Learning
o Reinforcement Learning
o Unsupervised Learning
o Other Machine Learning Technologies
โข Other Technologies
Artificial Intelligence in Drug Discovery Market, End User Outlook (Revenue - USD Million, 2020-2034)
โข Pharmaceutical & Biotechnology Companies
โข Contract Research Organizations
โข Research Centers
โข Academic & Government Institutes
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/ai-in-drug-discovery-market
Geographical Landscape:
o North America (U.S., Canada)
o Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
o Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
o Latin America (Brazil, Mexico, Argentina)
o Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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https://www.polarismarketresearch.com/industry-analysis/drug-device-combination-products-market
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https://www.polarismarketresearch.com/industry-analysis/lifestyle-diseases-apps-market
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https://www.polarismarketresearch.com/industry-analysis/medical-billing-market
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https://www.polarismarketresearch.com/industry-analysis/sports-medicine-market
North America SGLT2 Inhibitors Market
https://www.polarismarketresearch.com/industry-analysis/north-america-sglt2-inhibitors-market
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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