According to the recent study the AI in the Global Drug Discovery Market is projected to grow at a CAGR of 39% to 41% from 2021 to 2026. Growth in this market is primarily driven by growing pharmaceutical industry, high demand for personalized drug, rising adoption of cloud-based technologys & services, growing number of cross-industry collaborations and partnerships, and increasing awareness of AI among drug manufacturers.
Browse XX figures / charts and XX tables in this 150 -page report to understand
trends, opportunities and forecast in AI in the global drug discovery market by
offering (software, services), drug type (small molecule, large molecules),
technology (machine learning (deep learning, supervised learning, reinforcement
learning, unsupervised learning, and others) and others technologies),
application (immuno-oncology, neurodegenerative diseases, cardiovascular
disease, metabolic diseases, and others), end user industry (pharmaceutical
& biotechnology companies, contract research organizations, and research
centers and academic & government institutes), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
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“Machine learning market is expected to
remain the largest segment during the forecast period.”
Based on technology, the
AI in the global drug discovery market is segmented into machine learning, deep
learning, supervised learning, reinforcement learning, unsupervised learning,
and others. Lucintel forecasts that the machine learning market is expected to
remain the largest segment due to capability to collect and handle big data and
demand to improve productivity in many end use industries.
“Within the AI in the global drug discovery market, the pharmaceutical
& bioend use industry companies segment is expected to remain the largest end
use industry.”
Based on end use
industry the pharmaceutical & bioend use industry companies segment is
expected to witness the highest growth over the forecast period due to high
adoption of AI in the pharmaceutical industry, AI’s high accuracy to identify
drug’s molecule binding properties, and increasing demand for drugs for complex
conditions.
“North America will dominate the AI in the global drug discovery
market in near future.”
North America will
remain the largest region during the forecast period due to high adoption of AI
systems, growing pharmaceutical industry, and a large presence of AI
manufacturers and the consumer market.
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Major players of AI in
the global drug discovery market are adopting various growth strategies like
new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. IBM, Microsoft,
Google, NVIDIA, Atomwise, Deep Genomics, Cloud Pharmaceuticals, Insilico
Medicine, BenevolentAI, Exscientia, Cyclica, BIOAGE, Numerate, NuMedii,
Envisagenics, twoXAR , OWKIN, XtalPi, Verge Genomics, and BERG are among the
major AI in the global drug discovery providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/ai-artificial-intelligence-in-the-global-drug-discovery-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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