Global Artificial Intelligence In Drug Discovery Market Size & Outlook
The artificial intelligence in drug discovery industry worldwide is expected to reach a projected revenue of US$ 9,170.2 million by 2030. A compound annual growth rate of 29.6% is expected of the worldwide artificial intelligence in drug discovery industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,493.5
Forecast, 2030 (US$M)
$9,170.2
CAGR, 2024 - 2030
29.6%
Report Coverage
Worldwide
Global artificial intelligence in drug discovery market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
Consumer Electronics
Healthcare
Automotive
Military & Defense
Media & Entertainment
Drug Discovery & Development
Precision Medicine
Diagnotics
Others
Orthopedics
Neurology
Urology
Gynecology
Others
Artificial Intelligence In Drug Discovery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 Component Outlook (Revenue, USD Million, 2018-2030)
- Processor
- Connectivity IC
- Sensors
- Software
- Hardware
- Services
- 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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Target buyers of Global 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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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.
Partial client list
Global artificial intelligence in drug discovery market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Artificial intelligence in drug discovery market size, 2023 (USD Million)
Top 10 countries: Artificial intelligence in drug discovery market size, 2023 (USD Million)
Global artificial intelligence in drug discovery market, by region, 2023 (US$M)
Related regional statistics
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