Market revenue in 2023 | USD 49.9 million |
Market revenue in 2030 | USD 372.9 million |
Growth rate | 33.3% (CAGR from 2024 to 2030) |
Largest segment | Oncology |
Fastest growing segment | Infectious Disease |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Oncology, Neurodegenerative Diseases, Cardiovascular Disease, Metabolic Diseases, Infectious Disease, Other |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence in drug discovery market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 22.44% in 2023. Horizon Databook has segmented the India artificial intelligence in drug discovery market based on oncology, neurodegenerative diseases, cardiovascular disease, metabolic diseases, infectious disease, other covering the revenue growth of each sub-segment from 2018 to 2030.
Advancements in digital healthcare are expected to drive the demand for these services in India. The Indian government is undertaking various initiatives to implement AI in its healthcare system.
For instance, in July 2020, the Union Government of India launched the Drug Discovery Hackathon 2020 (DDH2020) to support drug discovery process participation from faculty, researchers, professionals, and students from different fields, including chemistry, computer science, pharmacy, basic sciences, medical sciences, & biotechnology.
DDH2020 was a joint initiative by the All India Council for Technical Education (AICTE), MHRD’s Innovation Cell (MIC), & Council of Scientific and Industrial Research (CSIR) and supported by MyGov, Centre for Development of Advanced Computing (CDAC), & private players.
Horizon Databook provides a detailed overview of country-level data and insights on the India artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into India artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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