Japan Artificial Intelligence In Drug Discovery Market Size & Outlook
Japan artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Japan artificial intelligence in drug discovery market highlights
- The Japan artificial intelligence in drug discovery market generated a revenue of USD 60.3 million in 2023 and is expected to reach USD 461.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 33.7% 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 60.3 million |
| Market revenue in 2030 | USD 461.3 million |
| Growth rate | 33.7% (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, Japan accounted for 4.0% 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
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Japan 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 53.73% in 2023. Horizon Databook has segmented the Japan 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.
Increasing adoption of AI in drug discovery in the country for shortening the time for discovering drug candidates by eliminating advanced compounds that can cause adverse side effects is contributing to market growth.
In addition, increasing collaborations for discovering and developing new drugs more efficiently is expected to boost the market over the coming years. For instance, in October 2020.
Insilico Medicine announced its collaboration with Taisho Pharmaceutical Co., Ltd. for identifying novel therapeutics against aging through AI. In December 2018, the Japanese government initiated steps to revamp the country’s healthcare system.
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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 Japan artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into Japan artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
Japan Artificial Intelligence In Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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