Global Artificial Intelligence In Drug Discovery Market Size & Outlook
Global artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Global artificial intelligence in drug discovery market highlights
- The global artificial intelligence in drug discovery market generated a revenue of USD 1,493.5 million in 2023 and is expected to reach USD 9,170.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 29.6% by 2030.
- In terms of segment, drug optimization & repurposing accounted for a revenue of USD 802.3 million in 2023.
- Drug Optimization & Repurposing is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,493.5 million |
| Market revenue in 2030 | USD 9,170.2 million |
| Growth rate | 29.6% (CAGR from 2023 to 2030) |
| Largest segment | Drug optimization & repurposing |
| Fastest growing segment | Drug Optimization & Repurposing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Optimization & Repurposing, Preclinical Testing |
Other key industry trends
- In terms of revenue, the North America accounted for 57.0% of the global artificial intelligence in drug discovery market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 30.9 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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Global 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.
Drug optimization & repurposing was the largest segment with a revenue share of 53.72% in 2023. Horizon Databook has segmented the Global artificial intelligence in drug discovery market based on drug optimization & repurposing, preclinical testing covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Artificial Intelligence In Drug Discovery Application Outlook (Revenue, USD Million, 2018-2030)
- Consumer Electronics
- Healthcare
- Automotive
- Military & Defense
- Media & Entertainment
- Drug Discovery & Development
- Precision Medicine
- Diagnotics
- Others
- Drug Optimization & Repurposing
- Preclinical Testing
- Orthopedics
- Neurology
- Urology
- Gynecology
- Global Artificial Intelligence In Drug Discovery Therapeutic Space Outlook (Revenue, USD Million, 2018-2030)
- Oncology
- Neurodegenerative Disease
- Cardiovascular Disease
- Metabolic Disease
- Infctious Disease
- Others
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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 global-level data and insights on the Global artificial intelligence in drug discovery market , including forecasts for subscribers. This global databook contains high-level insights into Global artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global artificial intelligence in drug discovery market size, by regions, 2018-2030 (US$M)
Top 10 countries: Artificial intelligence in drug discovery market size, 2023 (US$M)
Global artificial intelligence in drug discovery market share, by application, 2023 & 2030 (%, US$M)
Artificial intelligence in drug discovery market: Opportunity assessment by country
Global artificial intelligence in drug discovery market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 221.8 | 281.2 | 414.2 | 524.6 | 665.8 | 851.3 | 1,092.5 | 1,406.5 | 1,798.9 | 2,302.2 | 2,982.8 | 3,845.7 | 4,961.6 | 28.6% |
| Europe | 76.4 | 96.7 | 143.4 | 182.8 | 233.6 | 299.5 | 385.3 | 497.4 | 643.7 | 834.0 | 1,080.3 | 1,401.0 | 1,818.3 | 29.4% |
| Asia Pacific | 67.7 | 87.8 | 134.4 | 176.8 | 232.8 | 303.2 | 396.4 | 519.8 | 700.1 | 942.4 | 1,231.0 | 1,632.3 | 2,165.2 | 32.4% |
| Latin America | 6.9 | 8.8 | 13.0 | 16.5 | 21.0 | 26.9 | 34.4 | 44.3 | 57.0 | 73.6 | 95.1 | 122.9 | 158.9 | 28.9% |
| MEA | 3.7 | 4.7 | 6.6 | 8.1 | 9.9 | 12.7 | 16.4 | 21.2 | 26.0 | 31.8 | 41.3 | 52.3 | 66.3 | 26.6% |
| Overall | 376.5 | 479.2 | 711.6 | 908.7 | 1,163.2 | 1,493.5 | 1,925.1 | 2,489.0 | 3,225.7 | 4,183.9 | 5,430.5 | 7,054.1 | 9,170.2 | 29.6% |
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