Press release
Exponential Growth in Artificial Intelligence (AI) In Drug Discovery Market: Rise Fueled by Advancements and Increased Adoption
Artificial Intelligence (AI) In Drug Discovery Market Size
What Is The Projected Market Size Of The Global Artificial Intelligence (AI) In Drug Discovery Market And Its Growth Rate?
The Artificial Intelligence (AI) in drug discovery market has seen notable expansion due to various growth factors.
•The market capitalization has risen from $1.78 billion in 2024 to $2.34 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 31.1%.
•The market is estimated to further surge, reaching $5.98 billion by 2029 (26.5% CAGR).
•The growth is underpinned by increased government support, rising healthcare expenditure, cloud-based application & service adoption, and trailblazing trends such as multi-omics data integration, AI utilization in drug screening and target selection, as well as AI innovation labs.
What Is Driving The Growth In The Artificial Intelligence (AI) In Drug Discovery Market?
The rising demand for personalized medicine serves as a significant driver for the AI in drug discovery market's growth. Utilizing patient-specific genetic or proteomic data to prevent, detect, or treat diseases, personalized medicine's relevance has increased substantially. AI can play a significant role in these processes by identifying appropriate intervention targets and testing for their utility. For instance, In 2022, the US FDA approved 12 personalized medicines, accounting for nearly 34% of all newly approved therapeutic molecular entities, as stated by the Personalized Medicine Coalition. The mounting demand for personalized medicine translates to growth in the AI in drug discovery market.
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Who Are the Key Players Driving Artificial Intelligence (AI) In Drug Discovery Market Growth?
The AI in drug discovery market features numerous key players including:
• IBM Corporation
• Microsoft Corporation
• NVIDIA Corporation
• Exscientia
• Alphabet
• Insilico Medicine
• Owkin Inc
• Xtalpi Inc
• Indegene
• Otsuka Pharmaceutical Co. Ltd.
• Dr. Reddy's Laboratories Ltd.
• Takeda Pharmaceutical Company Ltd.
What Are The Key Trends In The Artificial Intelligence (AI) In Drug Discovery Market?
Key trends observed in the AI in drug discovery market include:
• Integration of multi-omics data
• Use of AI in target selection
• Use of AI in drug screening
• Introduction of AI innovation labs
• Rise of partnerships and collaborations
What Are The Segments Of The Global Artificial Intelligence (AI) In Drug Discovery Market?
The global AI in drug discovery market has several segments for better classification:
1) By Technology: Context-Aware Processing, Natural Language Processing, Querying method, Deep Learning
2) By Drug Type: Small Molecules, Large Molecules
3) By Therapeutic Type: Metabolic Disease, Cardiovascular Disease, Oncology, Neurodegenerative Diseases, Anti-Infective Diseases, Respiratory Diseases, Other Therapeutics
4) By End User: Pharmaceutical Companies, Biopharmaceutical Companies, Academic and Research Institutes, Other End-Users
Which Region Leads The Artificial Intelligence (AI) In Drug Discovery Market?
North America held the largest share in the AI in drug discovery market in 2024, closely followed by Western Europe. Covering these regions and others such as Asia-Pacific, South America, the Middle East, and Africa, this growth is noteworthy in light of the increased adoption of AI in drug discovery processes.
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What Is Covered In The Artificial Intelligence (AI) In Drug Discovery Market Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence (AI) In Drug Discovery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence (AI) In Drug Discovery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence (AI) In Drug Discovery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence (AI) In Drug Discovery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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