AI for Drug Discovery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027 -Market Research Future

Overview

The AI in drug discovery market is projected to grow by US$2,015.1 Million by 2025 rapidly at a CAGR of 40.8% throughout the forecast period 2019 to 2025. Integration of AI and machine learning tools as well as huge investments drive the global AI in drug discovery market. These key growth drivers have incredibly helped the AI in drug discovery market and are estimated to boost the growth. Analysts studying the AI in drug discovery market have also shared growth projections in the AI in drug discovery market research report and have suggested AI in drug discovery market-based companies to develop growth strategies. The high cost of AI integration and lack of infrastructure are the challenges that companies across the AI in drug discovery market could face. The details covered in the AI in drug discovery market report cover all the aspects of the industry.

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Market Segmentation

The global AI in the drug discovery market has been segmented based on product type, technology, indication, molecule type, application, and end-user. On the basis of product type, the market for AI in drug discovery is segmented based on software and services. Additionally, the market on the basis of molecule type, is segmented into large molecule and small molecule. The global market for AI in drug discovery is also covered based on the technology segment which is further split into machine learning, deep learning and others. On the basis of indication, the market for AI in drug discovery is segmented based on cardiovascular diseases, metabolic diseases, neurodegenerative diseases, immuno-oncology, and others. Additionally, the market on the basis of end-user, is segmented into contract research organizations and research centers and academic & government institutes, pharmaceutical & biotechnology companies. The market is further segmented based on application into candidate screening, de novo drug designing, drug optimization and repurposing and preclinical testing, target identification.

Factors like increasing number of cross-industry partnerships and discovery of new pharmaceuticals propel the AI in drug discovery market growth. The AI in drug discovery market performance has also been studied. The AI in drug discovery market report provides analysis of past and current trends. In addition to this, the AI in drug discovery market report offers detailed analysis of application, indication, molecule type, technology, product type, and end-user segments. The market segmental analysis provided in the AI in drug discovery market research report offers crucial details about the AI in drug discovery market based on the data and forecasts till 2025.

Regional Overview

The AI in drug discovery market report covers companies functional in the AI in drug discovery market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the AI in drug discovery market can be found in the market research report. The North American AI in drug discovery market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the AI in drug discovery market across Germany, France, Spain, Italy, and the United Kingdom. The AI in drug discovery market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the AI in drug discovery market across India, China, and Japan in the Asia-Pacific region is also available for further study.

Competitive Landscape

The AI in drug discovery market is corroborated by improvement in the drug development. The population growth as well as increasing demand of AI in drug discovery market based solutions also accelerate the market growth. However, the AI in drug discovery market can be affected due to lack of developed infrastructure as well as high cost involved in deployment. The AI in drug discovery market research report covers all such factors assisting companies in the AI in drug discovery market to improve their plans and portfolio. The AI in drug discovery market research report also provides company profiles of major businesses. The AI in drug discovery market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets. The details available in the AI in drug discovery market report cover company strategies, revenue, company size, and mergers and acquisitions in the AI in drug discovery market. New entrants as well as established organizations can use the data from AI in drug discovery market report to further plan their strategies.

Industry News

ByteDance, the Chinese parent organization of TikTok, is joining the health sector as it aims to diversify a market that focuses on sales of ads and livestreaming. The firm, which is proud of content analytics, has begun to search talent in Mountain View, Shanghai and Beijing for AI drug exploration, its hiring page reveals.

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