IC Value-Added Distribution Business Market, Global Outlook and Forecast 2023-2029
| Price : US $3250 | Date : May 2023 |
| CAT ID : 8 | Pages : 97 |
The global Artificial Intelligence in Drug Discovery market was valued at US$ 1405.5 million in 2022 and is projected to reach US$ 8529.3 million by 2029, at a CAGR of 29.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key manufacturers of Artificial Intelligence in Drug Discovery include IBM, Google (Alphabet), Atomwise, Schrodinger, Microsoft, etc. The top five players have a combined market share of about 19%.
North America is the world's largest market, accounting for about 46%. It is followed by Europe and Asia, each with about 25%. The Asian market is slowly expanding.
The application of Artificial Intelligence in Drug Discovery mainly includes hardware, software and service. Hardware is by far the most widely used, with a market share of about 53%. The market share of software types is expected to increase further.
Early drug discovery, preclinical phase, clinical phase, and regulatory approval are the main application stages. The current preclinical market share is about 38%, and it is expected to be more widely used in the preclinical stage in the future.
Artificial intelligence in medicine is the use of machine learning models to search medical data and uncover insights to help improve health outcomes and patient experiences. Thanks to recent advances in computer science and informatics, artificial intelligence (AI) is quickly becoming an integral part of modern healthcare. AI algorithms and other applications powered by AI are being used to support medical professionals in clinical settings and in ongoing research. Currently, the most common roles for AI in medical settings are clinical decision support and imaging analysis. Clinical decision support tools help providers make decisions about treatments, medications, mental health and other patient needs by providing them with quick access to information or research that's relevant to their patient.
Drug discovery is often one of the longest and most costly parts of drug development. AI could help reduce the costs of developing new medicines in primarily two ways: creating better drug designs and finding promising new drug combinations. With AI, many of the big data challenges facing the life sciences industry could be overcome.
This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence in Drug Discovery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence in Drug Discovery. This report contains market size and forecasts of Artificial Intelligence in Drug Discovery in global, including the following market information:
Global Artificial Intelligence in Drug Discovery Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Artificial Intelligence in Drug Discovery companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Artificial Intelligence in Drug Discovery Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Artificial Intelligence in Drug Discovery Market Segment Percentages, by Type, 2022 (%)
Hardware
Software
Service
Global Artificial Intelligence in Drug Discovery Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Artificial Intelligence in Drug Discovery Market Segment Percentages, by Application, 2022 (%)
Early Drug Discovery
Preclinical Phase
Clinical Phase
Regulatory Approval
Global Artificial Intelligence in Drug Discovery Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Artificial Intelligence in Drug Discovery Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Artificial Intelligence in Drug Discovery revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Artificial Intelligence in Drug Discovery revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
Exscientia
Google(Alphabet)
Microsoft
Atomwise
Schrodinger
Aitia
Insilico Medicine
NVIDIA
XtalPi
BPGbio
Owkin
CytoReason
Deep Genomics
Cloud Pharmaceuticals
BenevolentAI
Cyclica
Verge Genomics
Valo Health
Envisagenics
Euretos
BioAge Labs
Iktos
BioSymetrics
Evaxion Biotech
Aria Pharmaceuticals, Inc
Outline of Major Chapters:
Chapter 1: Introduces the definition of Artificial Intelligence in Drug Discovery, market overview.
Chapter 2: Global Artificial Intelligence in Drug Discovery market size in revenue.
Chapter 3: Detailed analysis of Artificial Intelligence in Drug Discovery company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Artificial Intelligence in Drug Discovery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Artificial Intelligence in Drug Discovery Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Artificial Intelligence in Drug Discovery Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Artificial Intelligence in Drug Discovery Overall Market Size
2.1 Global Artificial Intelligence in Drug Discovery Market Size: 2022 VS 2029
2.2 Global Artificial Intelligence in Drug Discovery Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Artificial Intelligence in Drug Discovery Players in Global Market
3.2 Top Global Artificial Intelligence in Drug Discovery Companies Ranked by Revenue
3.3 Global Artificial Intelligence in Drug Discovery Revenue by Companies
3.4 Top 3 and Top 5 Artificial Intelligence in Drug Discovery Companies in Global Market, by Revenue in 2022
3.5 Global Companies Artificial Intelligence in Drug Discovery Product Type
3.6 Tier 1, Tier 2 and Tier 3 Artificial Intelligence in Drug Discovery Players in Global Market
3.6.1 List of Global Tier 1 Artificial Intelligence in Drug Discovery Companies
3.6.2 List of Global Tier 2 and Tier 3 Artificial Intelligence in Drug Discovery Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Artificial Intelligence in Drug Discovery Market Size Markets, 2022 & 2029
4.1.2 Hardware
4.1.3 Software
4.1.4 Service
4.2 By Type - Global Artificial Intelligence in Drug Discovery Revenue & Forecasts
4.2.1 By Type - Global Artificial Intelligence in Drug Discovery Revenue, 2018-2023
4.2.2 By Type - Global Artificial Intelligence in Drug Discovery Revenue, 2024-2029
4.2.3 By Type - Global Artificial Intelligence in Drug Discovery Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Artificial Intelligence in Drug Discovery Market Size, 2022 & 2029
5.1.2 Early Drug Discovery
5.1.3 Preclinical Phase
5.1.4 Clinical Phase
5.1.5 Regulatory Approval
5.2 By Application - Global Artificial Intelligence in Drug Discovery Revenue & Forecasts
5.2.1 By Application - Global Artificial Intelligence in Drug Discovery Revenue, 2018-2023
5.2.2 By Application - Global Artificial Intelligence in Drug Discovery Revenue, 2024-2029
5.2.3 By Application - Global Artificial Intelligence in Drug Discovery Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Artificial Intelligence in Drug Discovery Market Size, 2022 & 2029
6.2 By Region - Global Artificial Intelligence in Drug Discovery Revenue & Forecasts
6.2.1 By Region - Global Artificial Intelligence in Drug Discovery Revenue, 2018-2023
6.2.2 By Region - Global Artificial Intelligence in Drug Discovery Revenue, 2024-2029
6.2.3 By Region - Global Artificial Intelligence in Drug Discovery Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Artificial Intelligence in Drug Discovery Revenue, 2018-2029
6.3.2 US Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.3.3 Canada Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.3.4 Mexico Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Artificial Intelligence in Drug Discovery Revenue, 2018-2029
6.4.2 Germany Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.3 France Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.4 U.K. Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.5 Italy Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.6 Russia Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.7 Nordic Countries Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.4.8 Benelux Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Artificial Intelligence in Drug Discovery Revenue, 2018-2029
6.5.2 China Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.5.3 Japan Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.5.4 South Korea Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.5.5 Southeast Asia Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.5.6 India Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Artificial Intelligence in Drug Discovery Revenue, 2018-2029
6.6.2 Brazil Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.6.3 Argentina Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Artificial Intelligence in Drug Discovery Revenue, 2018-2029
6.7.2 Turkey Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.7.3 Israel Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.7.4 Saudi Arabia Artificial Intelligence in Drug Discovery Market Size, 2018-2029
6.7.5 UAE Artificial Intelligence in Drug Discovery Market Size, 2018-2029
7 Artificial Intelligence in Drug Discovery Companies Profiles
7.1 IBM
7.1.1 IBM Company Summary
7.1.2 IBM Business Overview
7.1.3 IBM Artificial Intelligence in Drug Discovery Major Product Offerings
7.1.4 IBM Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.1.5 IBM Key News & Latest Developments
7.2 Exscientia
7.2.1 Exscientia Company Summary
7.2.2 Exscientia Business Overview
7.2.3 Exscientia Artificial Intelligence in Drug Discovery Major Product Offerings
7.2.4 Exscientia Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.2.5 Exscientia Key News & Latest Developments
7.3 Google(Alphabet)
7.3.1 Google(Alphabet) Company Summary
7.3.2 Google(Alphabet) Business Overview
7.3.3 Google(Alphabet) Artificial Intelligence in Drug Discovery Major Product Offerings
7.3.4 Google(Alphabet) Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.3.5 Google(Alphabet) Key News & Latest Developments
7.4 Microsoft
7.4.1 Microsoft Company Summary
7.4.2 Microsoft Business Overview
7.4.3 Microsoft Artificial Intelligence in Drug Discovery Major Product Offerings
7.4.4 Microsoft Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.4.5 Microsoft Key News & Latest Developments
7.5 Atomwise
7.5.1 Atomwise Company Summary
7.5.2 Atomwise Business Overview
7.5.3 Atomwise Artificial Intelligence in Drug Discovery Major Product Offerings
7.5.4 Atomwise Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.5.5 Atomwise Key News & Latest Developments
7.6 Schrodinger
7.6.1 Schrodinger Company Summary
7.6.2 Schrodinger Business Overview
7.6.3 Schrodinger Artificial Intelligence in Drug Discovery Major Product Offerings
7.6.4 Schrodinger Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.6.5 Schrodinger Key News & Latest Developments
7.7 Aitia
7.7.1 Aitia Company Summary
7.7.2 Aitia Business Overview
7.7.3 Aitia Artificial Intelligence in Drug Discovery Major Product Offerings
7.7.4 Aitia Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.7.5 Aitia Key News & Latest Developments
7.8 Insilico Medicine
7.8.1 Insilico Medicine Company Summary
7.8.2 Insilico Medicine Business Overview
7.8.3 Insilico Medicine Artificial Intelligence in Drug Discovery Major Product Offerings
7.8.4 Insilico Medicine Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.8.5 Insilico Medicine Key News & Latest Developments
7.9 NVIDIA
7.9.1 NVIDIA Company Summary
7.9.2 NVIDIA Business Overview
7.9.3 NVIDIA Artificial Intelligence in Drug Discovery Major Product Offerings
7.9.4 NVIDIA Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.9.5 NVIDIA Key News & Latest Developments
7.10 XtalPi
7.10.1 XtalPi Company Summary
7.10.2 XtalPi Business Overview
7.10.3 XtalPi Artificial Intelligence in Drug Discovery Major Product Offerings
7.10.4 XtalPi Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.10.5 XtalPi Key News & Latest Developments
7.11 BPGbio
7.11.1 BPGbio Company Summary
7.11.2 BPGbio Business Overview
7.11.3 BPGbio Artificial Intelligence in Drug Discovery Major Product Offerings
7.11.4 BPGbio Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.11.5 BPGbio Key News & Latest Developments
7.12 Owkin
7.12.1 Owkin Company Summary
7.12.2 Owkin Business Overview
7.12.3 Owkin Artificial Intelligence in Drug Discovery Major Product Offerings
7.12.4 Owkin Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.12.5 Owkin Key News & Latest Developments
7.13 CytoReason
7.13.1 CytoReason Company Summary
7.13.2 CytoReason Business Overview
7.13.3 CytoReason Artificial Intelligence in Drug Discovery Major Product Offerings
7.13.4 CytoReason Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.13.5 CytoReason Key News & Latest Developments
7.14 Deep Genomics
7.14.1 Deep Genomics Company Summary
7.14.2 Deep Genomics Business Overview
7.14.3 Deep Genomics Artificial Intelligence in Drug Discovery Major Product Offerings
7.14.4 Deep Genomics Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.14.5 Deep Genomics Key News & Latest Developments
7.15 Cloud Pharmaceuticals
7.15.1 Cloud Pharmaceuticals Company Summary
7.15.2 Cloud Pharmaceuticals Business Overview
7.15.3 Cloud Pharmaceuticals Artificial Intelligence in Drug Discovery Major Product Offerings
7.15.4 Cloud Pharmaceuticals Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.15.5 Cloud Pharmaceuticals Key News & Latest Developments
7.16 BenevolentAI
7.16.1 BenevolentAI Company Summary
7.16.2 BenevolentAI Business Overview
7.16.3 BenevolentAI Artificial Intelligence in Drug Discovery Major Product Offerings
7.16.4 BenevolentAI Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.16.5 BenevolentAI Key News & Latest Developments
7.17 Cyclica
7.17.1 Cyclica Company Summary
7.17.2 Cyclica Business Overview
7.17.3 Cyclica Artificial Intelligence in Drug Discovery Major Product Offerings
7.17.4 Cyclica Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.17.5 Cyclica Key News & Latest Developments
7.18 Verge Genomics
7.18.1 Verge Genomics Company Summary
7.18.2 Verge Genomics Business Overview
7.18.3 Verge Genomics Artificial Intelligence in Drug Discovery Major Product Offerings
7.18.4 Verge Genomics Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.18.5 Verge Genomics Key News & Latest Developments
7.19 Valo Health
7.19.1 Valo Health Company Summary
7.19.2 Valo Health Business Overview
7.19.3 Valo Health Artificial Intelligence in Drug Discovery Major Product Offerings
7.19.4 Valo Health Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.19.5 Valo Health Key News & Latest Developments
7.20 Envisagenics
7.20.1 Envisagenics Company Summary
7.20.2 Envisagenics Business Overview
7.20.3 Envisagenics Artificial Intelligence in Drug Discovery Major Product Offerings
7.20.4 Envisagenics Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.20.5 Envisagenics Key News & Latest Developments
7.21 Euretos
7.21.1 Euretos Company Summary
7.21.2 Euretos Business Overview
7.21.3 Euretos Artificial Intelligence in Drug Discovery Major Product Offerings
7.21.4 Euretos Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.21.5 Euretos Key News & Latest Developments
7.22 BioAge Labs
7.22.1 BioAge Labs Company Summary
7.22.2 BioAge Labs Business Overview
7.22.3 BioAge Labs Artificial Intelligence in Drug Discovery Major Product Offerings
7.22.4 BioAge Labs Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.22.5 BioAge Labs Key News & Latest Developments
7.23 Iktos
7.23.1 Iktos Company Summary
7.23.2 Iktos Business Overview
7.23.3 Iktos Artificial Intelligence in Drug Discovery Major Product Offerings
7.23.4 Iktos Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.23.5 Iktos Key News & Latest Developments
7.24 BioSymetrics
7.24.1 BioSymetrics Company Summary
7.24.2 BioSymetrics Business Overview
7.24.3 BioSymetrics Artificial Intelligence in Drug Discovery Major Product Offerings
7.24.4 BioSymetrics Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.24.5 BioSymetrics Key News & Latest Developments
7.25 Evaxion Biotech
7.25.1 Evaxion Biotech Company Summary
7.25.2 Evaxion Biotech Business Overview
7.25.3 Evaxion Biotech Artificial Intelligence in Drug Discovery Major Product Offerings
7.25.4 Evaxion Biotech Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.25.5 Evaxion Biotech Key News & Latest Developments
7.26 Aria Pharmaceuticals, Inc
7.26.1 Aria Pharmaceuticals, Inc Company Summary
7.26.2 Aria Pharmaceuticals, Inc Business Overview
7.26.3 Aria Pharmaceuticals, Inc Artificial Intelligence in Drug Discovery Major Product Offerings
7.26.4 Aria Pharmaceuticals, Inc Artificial Intelligence in Drug Discovery Revenue in Global Market (2018-2023)
7.26.5 Aria Pharmaceuticals, Inc Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
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