Healthcare Services

Global Artificial Intelligence (AI) In Drug Discovery Market Overview And Prospects

November 24, 2021 by The Business Research Company

Learn about the global artificial intelligence in drug discovery market through The Business Research Company, which provides information on AI in drug discovery market size, AI in drug discovery market drivers and restraints, AI in drug discovery market players, the COVID-19 impact on the AI in drug discovery market, and more.

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The global artificial intelligence (AI) in drug discovery market is expected to grow from $0.36 billion in 2020 to $0.47 billion in 2021 at a compound annual growth rate (CAGR) of 30.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The AI in drug discovery market is expected to reach $1.69 billion in 2025 at a CAGR of 38%.

The rise in demand for a reduction in the overall time taken for the drug discovery process is expected to drive innovation in artificial intelligence in drug discovery, thus driving the market during the forecast period.

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The artificial intelligence (AI) in drug discovery market consists of sales of AI for drug discovery and related services. Artificial Intelligence for drug discovery is a technology that uses a simulation of human intelligence process by machines to tackle complex problems in the drug discovery process. It helps to find new molecules to identify drug targets and develop personalized medicines in the pharmaceutical industry.

Global artificial intelligence (AI) in drug discovery market segments include:

By Technology: Deep Learning, Machine Learning

By Drug Type: Small Molecule, Large Molecules

By Therapeutic Type: Metabolic Disease, Cardiovascular Disease, Oncology, Neurodegenerative Diseases, Others

By End-Users: Pharmaceutical Companies, Biopharmaceutical Companies, Academic And Research Institutes, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major companies operating in the AI drug delivery market are adopting strategic collaborations to research and discover drugs using AI and are gaining significant popularity in the artificial intelligence in drug discovery market.

TBRC’s artificial intelligence in drug discovery market report covers:

Major Market Players: IBM Corporation, Microsoft, Atomwise Inc., Deep Genomics, Cloud Pharmaceuticals, Insilico Medicine, Benevolent AI, Exscientia, Cyclica, and BIOAGE.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Artificial Intelligence (AI) In Drug Discovery Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI) in drug discovery market overviews, analyzes and forecasts market size, share, artificial intelligence (AI) in drug discovery market players, artificial intelligence (AI) in drug discovery market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s artificial intelligence (AI) in drug discovery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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