Artificial Intelligence (AI) In Drug Discovery Trends and Opportunities 2025-2034: A Comprehensive Guide to Growth Insights
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What Factors Are Driving the Anticipated Growth Rate of the Artificial Intelligence (AI) In Drug Discovery Market Through 2034?
The artificial intelligence (AI) in drug discovery market has grown exponentially. It is forecasted to rise from $1.78 billion in 2024 to $2.34 billion in 2025, reflecting a CAGR of 31.1%. Growth has been fueled by increasing AI adoption for cost-efficient drug discovery, rising chronic disease prevalence, regulatory compliance needs, and economic expansion in emerging markets.
The artificial intelligence (AI) in drug discovery market is projected to experience exponential growth, expected to reach $5.98 billion by 2029 at a compound annual growth rate (CAGR) of 26.5%. The anticipated growth is driven by government support, rising healthcare expenditures, and the growing adoption of cloud-based applications. Key trends expected during this period include the integration of multi-omics data, the application of AI in target selection and drug screening, the establishment of AI innovation labs, and increasing investments in partnerships.
What Key Drivers Are Accelerating the Growth of the artificial intelligence (ai) in drug discovery Market During the Forecast Period?
The increasing demand for personalized medicine is expected to drive the growth of artificial intelligence (AI) in the drug discovery market. Personalized medicine aims to prevent, detect, or treat diseases using individual genetic or protein information. AI plays a crucial role in personalized medicine by identifying potential intervention targets and testing new therapies. In 2022, the FDA approved 12 personalized medicines, accounting for 34% of all newly approved therapeutic drugs. As a result, the growing demand for personalized medicine is expected to drive the growth of AI in drug discovery.
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Who Are the Major Industry Leaders Accelerating Growth in the Artificial Intelligence (AI) In Drug Discovery Market?
Major companies operating in the artificial intelligence (AI) in drug discovery market include:
• IBM Corporation_x000D_
• Microsoft Corporation_x000D_
• NVIDIA Corporation_x000D_
• Exscientia_x000D_
• Alphabet_x000D_
Which Current Trends Are Having the Most Impact on the Artificial Intelligence (AI) In Drug Discovery Market?
Leading companies in the AI-driven drug delivery market are forming strategic collaborations to advance AI-based drug research and discovery. AI is gaining traction in pharmaceutical innovation, enabling faster and more precise drug development. For instance, in August 2022, Atomwise, a US-based AI-driven drug discovery company, partnered with Sanofi to computationally identify and investigate up to five pharmacological targets using its AtomNet AI technology. Under this agreement, Sanofi provided an upfront payment of $20 million to Atomwise to facilitate the development of lead compounds for exclusive targets.
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What Are the Key Components of the Artificial Intelligence (AI) In Drug Discovery Market, and How Do Its Segments Perform?
The artificial intelligence (AI) in drug discovery market covered in this report is segmented –
1) By Technology: Context-Aware Processing, Natural Language Processing, Querying Method, Deep Learning
2) By Drug Type: Small Molecules, Large Molecules
3) By Therapeutic Type: Metabolic Disease, Cardiovascular Disease, Oncology, Neurodegenerative Diseases, Anti-Infective Diseases, Respiratory Diseases, Other Therapeutics
4) By End User: Pharmaceutical Companies, Biopharmaceutical Companies, Academic And Research Institutes, Other End-Users
Subsegments:
1) By Context-Aware Processing: Contextual Data Integration, Predictive Modeling, Adaptive Learning Systems
2) By Natural Language Processing (NLP): Text Mining And Analysis, Sentiment Analysis, Drug Interaction Extraction, Clinical Trial Data Analysis
3) By Querying Method: Semantic Search, Knowledge Graphs, Structured Query Language (SQL) Based Queries
4) By Deep Learning: Neural Networks, Convolutional Neural Networks (CNNs), Recurrent Neural Networks (RNNs), Reinforcement Learning Applications
Which Regions Are Key Players in the Growth of the Artificial Intelligence (AI) In Drug Discovery Market?
North America was the largest region in the artificial intelligence (AI) in drug discovery market in 2024. Western Europe was the second largest region in the global artificial intelligence (AI) in drug discovery market share. The regions covered in the artificial intelligence (AI) in drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Scope and Reach of the Artificial Intelligence (AI) In Drug Discovery Market Defined?
Artificial intelligence (AI) is a simulation of human intelligence in machines that are programmed to think and behave like humans. AI helps to complete the job quickly and with relatively few errors.
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