AI in Drug Discovery Market size was valued at USD 0.15 Bn. in 2023 and the total market revenue is expected to grow by 29.6% from 2024 to 2030, reaching nearly USD 1.95 Mn.
Learn about the AI in Drug Discovery Market growth and developments.
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the AI in Drug Discovery Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the AI in Drug Discovery market, with forecasts outspreading to the year 2030.
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Discover how we define the AI in Drug Discovery Market scope and research approach.
The AI in Drug Discovery market research provides comprehensive information on significant aspects, including those that are expected to drive the industry’s growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the AI in Drug Discovery market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the AI in Drug Discovery Market is included in the scope of the MMR report.
The report offers a number of new requirements, each with a thorough justification. The AI in Drug Discovery Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.
Uncover the regional opportunities and challenges in the AI in Drug Discovery Market.
This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research’s geographic analysis makes it possible to comprehend the AI in Drug Discovery market situations in various nations. The AI in Drug Discovery market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.
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AI in Drug Discovery Market segmentation :
by Offering
Software
Services
Hardware
The market for AI in drug discovery is divided into two segments: software and hardware services. Over the course of the projected period, software is anticipated to dominate the market. Pharmaceutical businesses may now more effectively analyze large datasets, model molecular interactions, and forecast therapeutic efficacy thanks to AI software platforms. For tasks like virtual screening, biomarker identification, and drug repurposing, these software solutions incorporate cutting-edge technology like deep learning, natural language processing, and predictive analytics.
by Therapeutic Area
Oncology
Neurology
Cardiovascular Diseases
Metabolic Diseases
Immunology
Others
The market is divided into several segments, including immunology, metabolic diseases, cardiovascular diseases, neurology, and oncology. In 2023, oncology will hold the biggest proportion of the AI drug discovery market. Given its enormous potential to revolutionize cancer treatment, oncology stands out as the most beneficial therapeutic field for AI in drug discovery. Traditional drug development strategies are long and expensive since cancer is one of the most complicated and heterogeneous diseases, with each kind displaying distinct genetic and molecular profiles.
by Technology
Machine Learning
Natural Language Processing
Others
by Application
Target Selection and Validation
Drug Screening and Lead Optimization
Clinical Studies
Preclinical studies
Others
The market for AI in drug discovery is divided into segments based on application, including pharmacology, drug design, drug screening, and drug repurposing. The market is dominated by AI used in drug design and screening. The AI utilized in drug scanning, according to MMR findings, demonstrated that 70% of antimicrobial activity could correctly anticipate the medication's hazardous qualities with a mere 4% error rate. AI is frequently used to identify inhibitory molecules for particular proteins.
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Learn about the top players driving innovation in the AI in Drug Discovery Market :
1. GNS Healthcare (US)
2. BioSymetrics (US)
3. BPGbio, Inc (US)
4. Atomwise Inc (US)
5. Insitro (US)
6. NVIDIA Corporation (US)
7. IBM Corporation (US)
8. Microsoft Corporation (US)
9. Aria Pharmaceuticals, Inc. (US)
10. Insilico Medicine (US)
11. NuMedii, Inc. (US)
12. Owkin Inc. (US)
13. Schrödinger, Inc. (US)
14. DEEP GENOMICS (Canada)
15. Cyclica (Canada)
16. BenevolentAI (UK)
17. Exscientia (UK)
18. Iktos (France)
19. Euretos (Netherlands)
20. Evaxion Biotech A/S (Denmark)
21. XtalPi Inc (China)
22. Standigm (South Korea)
Table of Content: AI in Drug Discovery Market
Part 01: Executive Summary
Part 02: Scope of the AI in Drug Discovery Market Report
Part 03: Global AI in Drug Discovery Market Landscape
Part 04: Global AI in Drug Discovery Market Sizing
Part 05: Global AI in Drug Discovery Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Get answers to critical questions shaping the AI in Drug Discovery Market
- What is AI in Drug Discovery ?
- What is the growth rate of the AI in Drug Discovery Market?
- Which are the factors expected to drive the AI in Drug Discovery market growth?
- What is the CAGR at which the AI in Drug Discovery market will grow during the forecast period?
- What are the different segments of the AI in Drug Discovery Market?
- Which is the fastest growing region in the AI in Drug Discovery market?
- What growth strategies are the players considering to increase their presence in AI in Drug Discovery ?
- What are the upcoming opportunities and trends for the AI in Drug Discovery Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the AI in Drug Discovery Market?
- Who are the leading companies and what are their portfolios in AI in Drug Discovery Market?
- What segments are covered in the AI in Drug Discovery Market?
- Who are the key players in the AI in Drug Discovery market?
Get a closer look at the game-changing products driving success :
• Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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