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AI In Pharmaceutical Market Size, Trends, Analysis, and Outlook By Technology (Machine Learning, Others), By Type (Software, Services), By Application (Drug Discovery, Clinical Trial, Laboratory Automation, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: A1EF3932650BEN
VPAResearch

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The global AI In Pharmaceutical market size is poised to register 32.5% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global AI In Pharmaceutical market across By Technology (Machine Learning, Others), By Type (Software, Services), By Application (Drug Discovery, Clinical Trial, Laboratory Automation, Others)

With the increasing complexity of drug discovery and development processes, there is a rising demand for artificial intelligence (AI) technologies that can accelerate and optimize various stages of pharmaceutical research and production. Market growth is driven by factors such as expanding R&D budgets in the pharmaceutical industry, the growing need for predictive analytics and computational modeling in drug design, and technological advancements in machine learning and data analytics. Additionally, the expanding applications of AI in target identification, lead optimization, and clinical trial design, as well as the growing adoption of AI-powered platforms for drug repurposing and personalized medicine, contribute to market expansion. Further, the development of AI-driven virtual screening tools and drug formulation algorithms, the integration of AI into laboratory automation and robotics, and the emphasis on regulatory compliance and patient safety are expected to further propel market growth in the coming years.

AI In Pharmaceutical Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The AI In Pharmaceutical market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of AI In Pharmaceutical survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the AI In Pharmaceutical industry.

Key market trends defining the global AI In Pharmaceutical demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

AI In Pharmaceutical Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The AI In Pharmaceutical industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support AI In Pharmaceutical companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the AI In Pharmaceutical industry

Leading AI In Pharmaceutical companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 AI In Pharmaceutical companies.

AI In Pharmaceutical Market Study- Strategic Analysis Review

The AI In Pharmaceutical market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
AI In Pharmaceutical Market Size Outlook- Historic and Forecast Revenue in Three Cases

The AI In Pharmaceutical industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

AI In Pharmaceutical Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America AI In Pharmaceutical Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various AI In Pharmaceutical market segments. Similarly, Strong market demand is encouraging Canadian AI In Pharmaceutical companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico AI In Pharmaceutical market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe AI In Pharmaceutical Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European AI In Pharmaceutical industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European AI In Pharmaceutical market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific AI In Pharmaceutical Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for AI In Pharmaceutical in Asia Pacific. In particular, China, India, and South East Asian AI In Pharmaceutical markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America AI In Pharmaceutical Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa AI In Pharmaceutical Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East AI In Pharmaceutical market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for AI In Pharmaceutical.

AI In Pharmaceutical Market Company Profiles

The global AI In Pharmaceutical market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Alphabet Inc, Atomwise Inc, BenevolentAI, Cloud Pharmaceuticals Inc, Cyclica Inc, Deargen Inc, Deep Genomics Inc, Euretos, Exscientia Ltd, Insilico Medicine, InveniAI LLC, XtalPi Inc.

Recent AI In Pharmaceutical Market Developments

The global AI In Pharmaceutical market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

AI In Pharmaceutical Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Technology

Machine Learning

Others

By Type

Software

Services

By Application

Drug Discovery

Clinical Trial

Laboratory Automation

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Alphabet Inc

Atomwise Inc

BenevolentAI

Cloud Pharmaceuticals Inc

Cyclica Inc

Deargen Inc

Deep Genomics Inc

Euretos

Exscientia Ltd

Insilico Medicine

InveniAI LLC

XtalPi Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 AI In Pharmaceutical Market Overview and Key Findings, 2024
1.2 AI In Pharmaceutical Market Size and Growth Outlook, 2021- 2030
1.3 AI In Pharmaceutical Market Growth Opportunities to 2030
1.4 Key AI In Pharmaceutical Market Trends and Challenges
  1.4.1 AI In Pharmaceutical Market Drivers and Trends
  1.4.2 AI In Pharmaceutical Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading AI In Pharmaceutical Companies

2. AI IN PHARMACEUTICAL MARKET SIZE OUTLOOK TO 2030

2.1 AI In Pharmaceutical Market Size Outlook, USD Million, 2021- 2030
2.2 AI In Pharmaceutical Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. AI IN PHARMACEUTICAL MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. AI IN PHARMACEUTICAL MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Technology
Machine Learning
Others
By Type
Software
Services
By Application
Drug Discovery
Clinical Trial
Laboratory Automation
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific AI In Pharmaceutical Market, 2025
5.2 Asia Pacific AI In Pharmaceutical Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific AI In Pharmaceutical Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe AI In Pharmaceutical Market, 2025
5.5 Europe AI In Pharmaceutical Market Size Outlook by Type, 2021- 2030
5.6 Europe AI In Pharmaceutical Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America AI In Pharmaceutical Market, 2025
5.8 North America AI In Pharmaceutical Market Size Outlook by Type, 2021- 2030
5.9 North America AI In Pharmaceutical Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America AI In Pharmaceutical Market, 2025
5.11 South America Pacific AI In Pharmaceutical Market Size Outlook by Type, 2021- 2030
5.12 South America AI In Pharmaceutical Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa AI In Pharmaceutical Market, 2025
5.14 Middle East Africa AI In Pharmaceutical Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa AI In Pharmaceutical Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US AI In Pharmaceutical Market Size Outlook and Revenue Growth Forecasts
6.2 US AI In Pharmaceutical Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada AI In Pharmaceutical Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico AI In Pharmaceutical Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany AI In Pharmaceutical Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France AI In Pharmaceutical Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK AI In Pharmaceutical Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain AI In Pharmaceutical Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy AI In Pharmaceutical Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe AI In Pharmaceutical Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China AI In Pharmaceutical Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India AI In Pharmaceutical Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan AI In Pharmaceutical Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea AI In Pharmaceutical Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia AI In Pharmaceutical Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia AI In Pharmaceutical Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific AI In Pharmaceutical Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil AI In Pharmaceutical Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina AI In Pharmaceutical Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America AI In Pharmaceutical Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East AI In Pharmaceutical Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa AI In Pharmaceutical Industry Drivers and Opportunities

7. AI IN PHARMACEUTICAL MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. AI IN PHARMACEUTICAL COMPANY PROFILES

8.1 Profiles of Leading AI In Pharmaceutical Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Alphabet Inc
Atomwise Inc
BenevolentAI
Cloud Pharmaceuticals Inc
Cyclica Inc
Deargen Inc
Deep Genomics Inc
Euretos
Exscientia Ltd
Insilico Medicine
InveniAI LLC
XtalPi Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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