About AI in Drug Discovery
Artificial intelligence for drug discovery is a technology that uses and different algorithms that value add in decision-making processes for drug discovery. The increasing cases of rare diseases and demand for personalized drugs are the major factor fueling the growth of the global Al for Drug Discovery marker.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 39.5% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global AI in Drug Discovery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Microsoft (United States), Google (United States), NVIDIA Corporation (United States), Atomwise, Inc. (United States), Deep Genomics (Canada), Cloud Pharmaceuticals (United States), Insilico Medicine (United States), Benevolent AI (United Kingdom) and Exscientia (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cyclica (Canada), BIOAGE (United States), Numerate (United States), Numedii (United States), Envisagenics (United States), twoXAR (United States), OWKIN, Inc. (United States), XtalPi (United States), Verge Genomics (United States) and Berg LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global AI in Drug Discovery market by , Application (Immuno-oncology, Neurodegenerative Diseases, Cardiovascular Diseases, Metabolic Diseases and Others) and Region.
On the basis of geography, the market of AI in Drug Discovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Machine Learning will boost the AI in Drug Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Pharmaceutical & Biotechnology will boost the AI in Drug Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the AI in Drug Discovery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Research Applying AI to Drug Discovery is Accelerating and Data Sharing
Market Growth Drivers:
Increasing Pressure on the Drug Manufacturer to Reduce Drug Price and Growing Number of Cross-Industry Collaborations and Partnerships
Challenges:
Protecting Intellectual Property and Data
Restraints:
Limited Awareness, High Cost and Technical Limitation of AI Decision-Making
Opportunities:
Implementation of AI reduces researches and development gap in the drug manufacturing process and help in the targeted manufacturing of the drugs. and Huge Investments in Research & Developments
Key Target Audience
Al in Drug Discovery Vendors, Pharmaceutical & Healthcare Organizations, Research Institutes, Governments and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.