Brazil Artificial Intelligence In Drug Discovery Market Size & Outlook
Brazil artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Brazil artificial intelligence in drug discovery market highlights
- The Brazil artificial intelligence in drug discovery market generated a revenue of USD 8.3 million in 2023 and is expected to reach USD 50.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 29.4% from 2024 to 2030.
- In terms of segment, drug optimization & repurposing was the largest revenue generating application in 2023.
- Drug Optimization & Repurposing is the most lucrative application segment registering the fastest growth during the forecast period.
Artificial intelligence in drug discovery market data book summary
| Market revenue in 2023 | USD 8.3 million |
| Market revenue in 2030 | USD 50.7 million |
| Growth rate | 29.4% (CAGR from 2023 to 2030) |
| Largest segment | Drug optimization & repurposing |
| Fastest growing segment | Drug Optimization & Repurposing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Optimization & Repurposing, Preclinical Testing |
| Key market players worldwide | International Business Machines Corp, Exscientia PLC ADR, Alphabet Inc Class A, Benevolent AI, Recursion Pharmaceuticals Inc Class A, Aitia, BioSymetrics, Euretos, Berg, Atomwise, Insitro |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.6% 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 Latin America, Brazil artificial intelligence in drug discovery market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 28.8 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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Brazil 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 54.22% in 2023. Horizon Databook has segmented the Brazil 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.
Growing inclination toward automating & computationally prepared information to maintain a single point of access for facilitating patient databases, increasing prevalence of chronic diseases, and rising demand for reduced costs & time for drug discovery & development.
AI solutions in drug discovery. Advancements in digital healthcare are expected to drive the demand for modern healthcare services in Brazil. The government is investing significantly in the implementation of AI in the healthcare system.
For instance, the government announced its plans for the establishment of eight R&D AI labs. One lab would focus on cybersecurity and seven R&D centers would operate on developments pertaining to the country’s IoT plan, which is centered on its four main verticals healthcare, agribusiness, manufacturing, & smart cities.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into Brazil artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
Brazil Artificial Intelligence In Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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