Spain Artificial Intelligence In Drug Discovery Market Size & Outlook
Spain artificial intelligence in drug discovery market, 2018-2030 (US$M)
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Spain artificial intelligence in drug discovery market highlights
- The Spain artificial intelligence in drug discovery market generated a revenue of USD 10.7 million in 2023 and is expected to reach USD 66.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 29.8% 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 10.7 million |
| Market revenue in 2030 | USD 66.3 million |
| Growth rate | 29.8% (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, Spain accounted for 0.7% 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 Europe, UK artificial intelligence in drug discovery market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 309.3 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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Spain 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 53.27% in 2023. Horizon Databook has segmented the Spain 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.
Spain is registering a rapid increase in the adoption of AI in drug discovery for improving predictability, accuracy, and speed of drug discovery. Other benefits offered by AI, such as improving the agility of research processes and opportunities.
To diversify drug pipelines are likely to boost the demand for AI in drug discovery over the coming years. Moreover, the ongoing COVID-19 pandemic is further boosting the adoption of AI & machine learning for drug research.
Clinical trials against the novel coronavirus to screen large databases & perform docking studies for identifying existing potential drugs or designing new drugs with the help of advanced learning algorithms.
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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 Spain artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into Spain artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
Spain Artificial Intelligence In Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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