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

Global AI for Drug Discovery Market t: Overview

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 durg are the major factor fueling the growth of the global Al for Drug Discovery marker.

Global AI for Drug Discovery Market: Trends and Opportunities

Artificial Intelligence (AI) is projected to a lucrative avenues in the healthcare industry. The implementation of AI reduces researches and development gap in the drug manufacturing process and help in the targeted manufacturing of the drugs. Owing to this biopharmaceutical industries are tending towards AI to enhance their market share. This is a major factor fueling the growth of the global AI for drug discovery market.

The increasing pressure on the drug manufacturer to reduce drug price is another factor expected to boost the AI for drug discovery market. This is because Al reduced the failure rate of clinical trials and also eliminated the cost of length research and development in the drug discovery. Dearth of skilled healthcare professionals are another factor anticipated to bolster the growth of the global AI for drug discovery market.

 However, limited awareness, high cost and technical limitation of AI decision-making can impede the market growth. These limitations are expected to overcome with the untapped market opportunities in the emerging economies of the globe. Countries like India and China offers new avenues for the growth of the AI for drug discovery market.  

Global AI for Drug Discovery Market: Geographical Analysis

On a geographical standpoint, the global medical device complaint management market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East.  North America is projected to hold the highest share of the AI for drug discovery market in the near future. This is because the region is technologically advanced and one of the early adopter of latest technologies. High awareness of the AI in drug discovery among the key players in the region is another driver for the growth of the global AI for drug discovery market.

Global AI for Drug Discovery Market: Competitive Landscape

Some of the prominent players operating in the AI for drug discovery market are IBM, Google, Microsoft, NVIDIA, Intel, Facebook, MetaMind , Tute Genomics, and AWS. The competitive landscape of the market depicts a fierce competition. The trend expected to be same as earlier experienced by the technology company in 2014- 2016. The key players of the biopharma companies are focusing to attract AI experts so as to upgrade 

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market