AI for Drug Discovery Market Growth and Forecast 2018 – 2026

Posted by Shrikant Mandlik on September 27th, 2022

Global AI for Drug Discovery Market: 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 drug are the major factor fuelling the growth of the global Al for Drug Discovery marker.

An upcoming report by Transparency Market Research on the global AI for drug discovery market is expected to through light on the crucial aspects of the market. The report succeed for an in-depth analysis of the market scenario. Further, it is intended to find out impact of the key industry drivers, restraints, opportunities, and challenges present in the global AI for drug discovery market.  The enormous data collected from the pharmaceutical companies has improved the credibility of report significantly. In addition to this, a thorough analysis on geographical segmentation and competitive landscape will help reader have a better understanding of the global medical device complaint management market.

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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.  

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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.

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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 

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Shrikant Mandlik

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Shrikant Mandlik
Joined: July 7th, 2022
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