Singapore Artificial Intelligence In Drug Discovery Market Size & Outlook
Singapore artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Singapore artificial intelligence in drug discovery market highlights
- The Singapore artificial intelligence in drug discovery market generated a revenue of USD 5.1 million in 2023 and is expected to reach USD 37.5 million by 2030.
- The Singapore market is expected to grow at a CAGR of 32.8% 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 5.1 million |
| Market revenue in 2030 | USD 37.5 million |
| Growth rate | 32.8% (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, Singapore accounted for 0.3% 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 Asia Pacific, China artificial intelligence in drug discovery market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 808.8 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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Singapore 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 23.53% in 2023. Horizon Databook has segmented the Singapore 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.
Increasing need for enabling advancements of precision medicine and offering improved treatments for patients based on the individual’s disease features is likely to drive the adoption of AI in drug discovery in Singapore.
In addition, growing number of partnerships and cross-industry collaborations are increasing the demand for controlling drug discovery & development costs and reducing overall time taken in this process, which is expected to further boost the market.
For instance, in September 2020, Auransa, Inc., announced its collaboration with Experimental Drug Development Centre (EDDC) for discovering new AI-driven COVID-19 therapies by combining predictive AI with molecular data.
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Target buyers of Singapore artificial intelligence in drug discovery market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Singapore artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into Singapore artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore artificial intelligence in drug discovery market size, by therapeutic space, 2018-2030 (US$M)
Singapore Artificial Intelligence in Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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