AI for Drug Discovery Market is recording a CAGR of 37.5% during the forecast period


Posted March 8, 2023 by IndustryUpdate

The AI for Drug Discovery Market crossed the US$ 1.0 billion mark in 2022 and is expected to hit US$ 9.0 billion by 2030, recording a CAGR of 37.5% during the forecast period.

 
The AI for Drug Discovery Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the AI for Drug Discovery market growth. The increasing demand for the discovery and development of novel therapies and expanding manufacturing capabilities in the healthcare industry are driving the demand for artificial intelligence in the drug discovery market.

Get a Sample Report “AI for Drug Discovery Market” to 2030 @: https://www.businessmarketinsights.com/sample/BMIRE00025844

Companies Profiled in this report includes: 

Atomwise, Inc.
Insilico Medicine
BIOAGE
IBM
Aria Pharmaceuticals, Inc
ai
Exscientia
Benevolent AI
Cloud Pharmaceuticals
Google
Recent strategic developments in AI in drug discovery market

The AI in drug discovery market has undergone several significant developments, and a few of these have been mentioned below:

In March 2021, Iktos collaborated with Pfizer (US) to apply Iktos’ AI-driven de novo design software to selected small-molecule programs of Pfizer.
In February 2021, Exscientia and the University of Oxford collaborated to develop treatments for Alzheimer’s disease.
In October 2020, Genesis Therapeutics partnered with Genentech for a drug development deal utilizing Genesis’ graph machine learning capabilities to identify drug candidates for a variety of diseases.
The target audience for the report:

Drug developing companies
Contract development and manufacturing organization,
Drug discovery-related associations, organizations, forums, and alliances
Government bodies, such as regulating authorities and policymakers
Venture capitalists, private equity firms, and start-up companies
Drug distributors and sales firms
End users of drug discovery
Research institutes, organizations, and consulting companies
Scope of the report:

In this report, the market has been segmented on the basis of:

Drug Type:
Small Molecules
Large Molecules
Technology
Deep Learning
Machine Learning
Application:
Metabolic Disease
Cardiovascular Disease
Oncology
Neurodegenerative Diseases
Others
End User:
Pharmaceutical and Biotechnological Companies
Academic and Research Institutes
Others
Region
North America
Europe
Asia Pacific (APAC)
South & Central America
Middle East & Africa
The report offers in-depth assessment of the growth and other aspects of the AI for Drug Discovery market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

AI for Drug Discovery Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of AI for Drug Discovery Market

AI for Drug Discovery Market Overview
AI for Drug Discovery Market Competition
AI for Drug Discovery Market, Revenue and Price Trend
AI for Drug Discovery Market Analysis by Application
Company Profiles and Key Figures in AI for Drug Discovery Market
Market Dynamics
Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape AI for Drug Discovery market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defence; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Contact us:

If you have any questions about this report or would like further information, please contact us:

Contact person: Sameer Joshi

Email: [email protected]

Phone: +16467917070
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Issued By abhijit
Country India
Categories Blogging
Tags ai for drug discovery market
Last Updated March 8, 2023