Healthcare Medical Devices Biotechnology

AI in Drug Discovery Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR 404

Author : Omkar R.

Base Year

2022

Forecast Year

2023-2030

Historical Years

2018-2021

Market Value (2022)

USD 4.07 Billion

Forecasted Value (2030)

USD 36.06 Billion

CAGR (2023 - 2030)

31.94%

Fastest Growing Region (2023 - 2030)

Asia Pacific

Largest Region

North America

By Component

Software, Services.

By Computational Method

Machine Learning, Deep Learning, Bioinformatics, Cheminformatics, Natural Language Processing.

By Therapeutic Area

Oncology, Infectious Diseases, Cardiology, Endocrinology, Neurology, Psychology, Other.

By End Users

Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROs).


TABLE OF CONTENT

1 INTRODUCTION OF THE GLOBAL AI IN DRUG DISCOVERY MARKET 
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach

4 GLOBAL AI IN DRUG DISCOVERY MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis

5 IMPACT OF RUSSIA-UKRAINE WAR

6 GLOBAL AI IN DRUG DISCOVERY MARKET, BY COMPONENT
6.1 Overview
6.2 Software
6.3 Services

7 GLOBAL AI IN DRUG DISCOVERY MARKET, BY COMPUTATIONAL METHOD
7.1 Overview
7.2 Machine Learning
7.3 Deep Learning
7.4 Bioinformatics
7.5 Cheminformatics
7.6 Natural Language Processing

8 GLOBAL AI IN DRUG DISCOVERY MARKET, BY THERAPEUTIC AREA
8.1 Overview
8.2 Oncology
8.3 Infectious Diseases
8.4 Cardiology
8.5 Endocrinology
8.6 Neurology
8.7 Psychology
8.8 Other

9 GLOBAL AI IN DRUG DISCOVERY MARKET, BY END USERS
9.1 Overview
9.2 Pharmaceutical & Biotechnology Companies
9.3 Contract Research Organizations (CROs)

10 GLOBAL AI IN DRUG DISCOVERY MARKET, BY GEOGRAPHY
10.1 Overview

11 NORTH AMERICA 
11.1 U.S.
11.2 Canada
11.3 Mexico

12 EUROPE 
12.1 Germany
12.2 U.K.
12.3 France
12.4 Italy
12.5 Spain
12.6 Russia
12.7 Rest of Europe

13 ASIA PACIFIC 
13.1 China
13.2 Japan
13.3 India
13.4 South Korea
13.5 Rest of Asia Pacific

14 MIDDLE EAST & AFRICA 
14.1 GCC
14.2 South Africa
14.3 North Africa
14.4 Rest of Middle East & Africa

15 LATIN AMERICA
15.1 Brazil
15.2 Argentina
15.3 Rest of South America

16 GLOBAL AI IN DRUG DISCOVERY MARKET COMPETITIVE LANDSCAPE
16.1 Overview
16.2 Key Developments
16.3 Key Strategic Developments
16.4 Company Market Ranking
16.5 Regional Footprint
16.6 Industry Footprint

17 COMPANY PROFILES
17.1 Bayer AG
17.1.1 Key Facts
17.1.2 Financial Overview
17.1.3 Product Benchmarking
17.1.4 Recent Developments
17.1.5 Winning Imperatives
17.1.6 Current Focus & Strategies
17.1.7 Threat from competition
17.1.8 SWOT Analysis
17.2 Novartis International AG
17.2.1 Key Facts
17.2.2 Financial Overview
17.2.3 Product Benchmarking
17.2.4 Recent Developments
17.2.5 Winning Imperatives
17.2.6 Current Focus & Strategies
17.2.7 Threat from competition
17.2.8 SWOT Analysis
17.3 Pfizer Inc.
17.3.1 Key Facts
17.3.2 Financial Overview
17.3.3 Product Benchmarking
17.3.4 Recent Developments
17.3.5 Winning Imperatives
17.3.6 Current Focus & Strategies
17.3.7 Threat from competition
17.3.8 SWOT Analysis
17.4 AstraZeneca PLC
17.4.1 Key Facts
17.4.2 Financial Overview
17.4.3 Product Benchmarking
17.4.4 Recent Developments
17.4.5 Winning Imperatives
17.4.6 Current Focus & Strategies
17.4.7 Threat from competition
17.4.8 SWOT Analysis
17.5 GlaxoSmithKline PLC (GSK)
17.5.1 Key Facts
17.5.2 Financial Overview
17.5.3 Product Benchmarking
17.5.4 Recent Developments
17.5.5 Winning Imperatives
17.5.6 Current Focus & Strategies
17.5.7 Threat from competition
17.5.8 SWOT Analysis
17.6 Takeda Pharmaceutical Company Limited
17.6.1 Key Facts
17.6.2 Financial Overview
17.6.3 Product Benchmarking
17.6.4 Recent Developments
17.7 F. Hoffmann-La Roche Ltd
17.7.1 Key Facts
17.7.2 Financial Overview
17.7.3 Product Benchmarking
17.7.4 Recent Developments
17.8 Johnson & Johnson
17.8.1 Key Facts
17.8.2 Financial Overview
17.8.3 Product Benchmarking
17.8.4 Recent Developments
17.9 Sanofi S.A.
17.9.1 Key Facts
17.9.2 Financial Overview
17.9.3 Product Benchmarking
17.9.4 Recent Developments
17.10 Merck & Co., Inc.
17.10.1 Key Facts
17.10.2 Financial Overview
17.10.3 Product Benchmarking
17.10.4 Recent Developments

LIST OF TABLES

TABLE 1 Global AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 2 Global AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 3 Global AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 4 Global AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 5 Global AI in Drug Discovery Market Revenue, By Geography, 2020 - 2030 (USD Billion)
TABLE 6 North America AI in Drug Discovery Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 7 North America AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 8 North America AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 9 North America AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 10 North America AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 11 US AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 12 US AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 13 US AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 14 US AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 15 Canada AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 16 Canada AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 17 Canada AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 18 Canada AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 19 Mexico AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 20 Mexico AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 21 Mexico AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 22 Mexico AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 23 Europe AI in Drug Discovery Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 24 Europe AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 25 Europe AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 26 Europe AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 27 Europe AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 28 Germany AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 29 Germany AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 30 Germany AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 31 Germany AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 32 France AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 33 France AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 34 France AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 35 France AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 36 U.K. AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 37 U.K. AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 38 U.K. AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 39 U.K. AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 40 Spain AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 41 Spain AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 42 Spain AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 43 Spain AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 44 Italy AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 45 Italy AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 46 Italy AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 47 Italy AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 48 Russia AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 49 Russia AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 50 Russia AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 51 Russia AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 52 Rest of Europe AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 53 Rest of Europe AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 54 Rest of Europe AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 55 Rest of Europe AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 56 Asia-Pacific AI in Drug Discovery Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 57 Asia-Pacific AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 58 Asia-Pacific AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 59 Asia-Pacific AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 60 Asia-Pacific AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 61 China AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 62 China AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 63 China AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 64 China AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 65 Japan AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 66 Japan AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 67 Japan AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 68 Japan AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 69 India AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 70 India AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 71 India AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 72 India AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 73 South Korea AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 74 South Korea AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 75 South Korea AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 76 South Korea AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 77 Rest of Asia-Pacific AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 78 Rest of Asia-Pacific AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 79 Rest of Asia-Pacific AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 80 Rest of Asia-Pacific AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 81 Middle East and Africa AI in Drug Discovery Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 82 Middle East and Africa AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 83 Middle East and Africa AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 84 Middle East and Africa AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 85 Middle East and Africa AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 86 GCC AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 87 GCC AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 88 GCC AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 89 GCC AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 90 North Africa AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 91 North Africa AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 92 North Africa AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 93 North Africa AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 94 South Africa AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 95 South Africa AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 96 South Africa AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 97 South Africa AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 98 Rest of Middle East & Africa AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 99 Rest of Middle East & Africa AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 100 Rest of Middle East & Africa AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 101 Rest of Middle East & Africa AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 102 Latin America AI in Drug Discovery Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 103 Latin America AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 104 Latin America AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 105 Latin America AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 106 Latin America AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 107 Brazil AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 108 Brazil AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 109 Brazil AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 110 Brazil AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 111 Argentina AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 112 Argentina AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 113 Argentina AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 114 Argentina AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 115 Rest of Latin America AI in Drug Discovery Market Revenue, By Component, 2020 - 2030 (USD Billion)
TABLE 116 Rest of Latin America AI in Drug Discovery Market Revenue, By Computational Method, 2020 - 2030 (USD Billion)
TABLE 117 Rest of Latin America AI in Drug Discovery Market Revenue, By Therapeutic Area, 2020 - 2030 (USD Billion)
TABLE 118 Rest of Latin America AI in Drug Discovery Market Revenue, By End Users, 2020 - 2030 (USD Billion)
TABLE 119 Company Market Ranking
TABLE 120 Regional Footprint
TABLE 121 Product Benchmarking
TABLE 122 Recent Developments
TABLE 123 Winning Imperatives

LIST OF FIGURES

FIG. 1 Market Segmentation
FIG. 2 Research Timeline
FIG. 3 Global AI in Drug Discovery Market 2020-2030 (USD Billion)
FIG. 4 Global AI in Drug Discovery Market Geographical Analysis (CAGR %)
FIG. 5 Global AI in Drug Discovery Absolute Market Opportunity (USD Billion)
FIG. 6 Global AI in Drug Discovery Market Attractiveness (USD Billion)
FIG. 7 Global AI in Drug Discovery Market, By Component, 2020-2030 (USD Billion)
FIG. 8 Global AI in Drug Discovery Market, By Computational Method, 2020-2030 (USD Billion)
FIG. 9 Global AI in Drug Discovery Market, By Therapeutic Area, 2020-2030 (USD Billion)
FIG. 10 Global AI in Drug Discovery Market, By End Users, 2020-2030 (USD Billion)
FIG. 11 Research Methodology
FIG. 12 Research Process
FIG. 13 Bottom-Up Approach
FIG. 14 Top-Bottom Approach
FIG. 15 Market Dynamics Overview
FIG. 16 Porter's Five Forces Analysis
FIG. 17 Value Chain Analysis
FIG. 18 Macroeconomic Analysis
FIG. 19 Global AI in Drug Discovery Market Revenue Share, By Component, 2020 and 2030 (%)
FIG. 20 Global AI in Drug Discovery Market Revenue Share, By Computational Method, 2020 and 2030 (%)
FIG. 21 Global AI in Drug Discovery Market Revenue Share, By Therapeutic Area, 2020 and 2030 (%)
FIG. 22 Global AI in Drug Discovery Market Revenue Share, By End Users, 2020 and 2030 (%)
FIG. 23 Global AI in Drug Discovery Market Revenue Share, By Geographic Regions, 2020 and 2030 (%)
FIG. 24 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 25 North America AI in Drug Discovery Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 26 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 27 Europe AI in Drug Discovery Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 28 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 29 Asia-Pacific AI in Drug Discovery Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 30 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 31 Middle East & Africa AI in Drug Discovery Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 32 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 33 Latin America AI in Drug Discovery Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 34 Key Strategic Development
FIG. 35 Key Facts
FIG. 36 Financial Overview
FIG. 37 SWOT Analysis .

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  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
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  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
The global AI in drug discovery market is projected to reach USD 36.06 billion by 2030, growing at a CAGR of 31.94% from 2023 to 2030.
The global AI in drug discovery market was valued at USD 4.07 billion in 2022.
Rising demand for personalized medicine and increasing investment in AI-powered drug discovery are driving the pharmaceutical industry's transformation.
Top manufacturers of AI in drug discovery market are Bayer AG, Novartis International AG, Pfizer Inc., AstraZeneca PLC, GlaxoSmithKline PLC (GSK), Takeda Pharmaceutical Company Limited, F. Hoffmann-La Roche Ltd, Johnson & Johnson, Sanofi S.A., Merck & Co., Inc., and others.
Asia-Pacific is the fastest growing region with the CAGR of 41.59% in the forecasted period (2023-2030) with the market value forecasted to reach at USD 13.97 billion.
By component, software segment will hold the maximum share in the AI in drug discovery market with the revenue value of USD 21.36 billion in 2030.
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