China Artificial Intelligence In Drug Discovery Market Size & Outlook
China artificial intelligence in drug discovery market, 2018-2030 (US$M)
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China artificial intelligence in drug discovery market highlights
- The China artificial intelligence in drug discovery market generated a revenue of USD 104.2 million in 2023 and is expected to reach USD 808.8 million by 2030.
- The China market is expected to grow at a CAGR of 34% 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 104.2 million |
| Market revenue in 2030 | USD 808.8 million |
| Growth rate | 34% (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, China accounted for 7.0% 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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China 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 53.74% in 2023. Horizon Databook has segmented the China 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.
China is boosting its application of AI in healthcare, which is rapidly improving disease diagnosis and treatment accuracy in country-level hospitals. Various startups are investing in healthcare AI to make this sector more successful for patients and doctors.
Rapidly aging population, hospitals overburdened with patients, and shortage of doctors are among the key factors that have led e-commerce giant Alibaba to provide AI and machine learning to help doctors & hospitals.
Alibaba’s cloud computing division has created AI medical solutions to assist with drug development, diagnostics, & medical imaging and identify different types of early-stage cancers. Alibaba, in collaboration with AstraZeneca, is expected to expand the drug maker’s market in China.
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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 China artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into China artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
China Artificial Intelligence In Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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