Artificial Intelligence (AI) In Drug Discovery Market Trends 2022-2030, Industry Research, and Key Players Analysis
The global artificial intelligence (AI) in drug discovery market reached a value of nearly $791.8 million in 2021, having increased at a compound annual growth rate (CAGR) of 31.0% since 2016. The market is expected to grow from $791.8 million in 2021 to $2,994.5 million in 2026 at a rate of 30.5%. The market is then expected to grow at a CAGR of 25.4% from 2026 and reach $9,293.0 million in 2031.
Amy Altus Market Research
The Artificial Intelligence (AI) In Drug Discovery Market research report 2022-2030 provides an in-depth analysis of the changing trends, opportunities, and challenges influencing the growth over the next ten years. The study includes a detailed summary of each market along with data related to demand, supply and distribution. The report examines Artificial Intelligence (AI) In Drug Discovery market growth strategies adopted by leading manufacturers which include new product development and alliance with existing firms to boost their sales & revenue. Proposals for new manufacturing plants are also highlighted as well as projects underway to improve performance. The report encompasses a 10-year forecast from 2022 to 2030 covering Artificial Intelligence (AI) In Drug Discovery market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends, Opportunities, and Porter’s Fiver Forces.
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This report on Artificial Intelligence (AI) In Drug Discovery market covers a wide range of aspects related to the whole industry, such as import/export, production status and cost, price analysis, prices in different regions globally. The report also provides information about supply and consumption. In addition, the Artificial Intelligence (AI) In Drug Discovery market report gives details about key leading vendors’ trademarks as well as all major types/brands published data like types and applications of thoses products. Therefore this report will help all those who are interested in buying any good or service in the world’s.
The Artificial Intelligence (AI) In Drug Discovery market research report offers a comprehensive and detailed analysis of the industry and its components in terms of data, research methodology, key drivers and challenges. The Artificial Intelligence (AI) In Drug Discovery market research report also includes a segment-wise analysis to provide an opportunity to understand the growth in the global market over the forecast period.
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Market segmentation is the process of dividing a market into several subsectors which have similar characteristics. Each subsegment is then further divided into smaller segments that have even more specific characteristics. Market segmentation helps companies to identify their target audience and define the product or service that best suits it. It also allows companies to develop products and services that are most suited for such specific group of people and make sure that they are profitable.
1) By Technology: Context-Aware Processing; Natural Language Processing; Querying Method; Deep Learning
2) By Drug Type: Small Molecule; Large Molecules
3) By Therapeutic Type: Metabolic Disease; Cardiovascular Disease; Oncology; Neurodegenerative Diseases; Respiratory Diseases; Anti-Infective Diseases; Other Therapeutic Areas
4) By End-Users: Pharmaceutical Companies; Biopharmaceutical Companies; Academic And Research Institutes; Others
Major Players Covered in the Report:
Ten big business giants in the Artificial Intelligence (AI) In Drug Discovery market have adopted various strategies to expand their revenue share. These strategies include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion and collaborations that result in innovation and strengthen their foothold in the Artificial Intelligence (AI) In Drug Discovery market.
IBM Corporation; Benevolent AI; Nvidia Corporation; Exscientia; Concreto HealthAI
Geographically, the following regions together with the listed global Artificial Intelligence (AI) In Drug Discovery market are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
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Amy Altus Market Research
A Businesswoman having more than 20 years of experience in the finance sector, working as a chief growth strategist at Altus Market Research