Russia Artificial Intelligence In Drug Discovery Market Size & Outlook
Russia artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Russia artificial intelligence in drug discovery market highlights
- The Russia artificial intelligence in drug discovery market generated a revenue of USD 13.2 million in 2023 and is expected to reach USD 80.6 million by 2030.
- The Russia market is expected to grow at a CAGR of 29.4% from 2024 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic space in 2023.
- Infectious Disease is the most lucrative therapeutic space segment registering the fastest growth during the forecast period.
Artificial intelligence in drug discovery market data book summary
| Market revenue in 2023 | USD 13.2 million |
| Market revenue in 2030 | USD 80.6 million |
| Growth rate | 29.4% (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 |
Other key industry trends
- In terms of revenue, Russia accounted for 0.9% of the global artificial intelligence in drug discovery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK artificial intelligence in drug discovery market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 309.3 million by 2030.
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Artificial Intelligence in Drug Discovery Market Scope
Artificial Intelligence in Drug Discovery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia artificial intelligence in drug discovery market outlook
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 22.73% in 2023. Horizon Databook has segmented the Russia 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.
The Russian healthcare system is well-maintained and established in bigger cities such as Moscow. However, poor access and lack of proper infrastructure in other cities can hamper access to medical services in Russia.
The country has recently made significant investments in implementing AI in its healthcare system. For instance, in 2017, Ministry of Health of the Russian Federation announced the use of AI to diagnose complex disorders, including cancer, with more precision.
According to an article published on Indian web in November 2018, Russia and India signed an agreement to increase cooperation in the field of AI to discover the possibilities of joint work in healthcare. This is anticipated to drive the adoption of AI in drug discovery in the country over the forecast period.
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Our clientele includes a mix of artificial intelligence in drug discovery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into Russia artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia artificial intelligence in drug discovery market size, by therapeutic space, 2018-2030 (US$M)
Russia Artificial Intelligence in Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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