UK Artificial Intelligence In Drug Discovery Market Size & Outlook
UK artificial intelligence in drug discovery market, 2018-2030 (US$M)
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UK artificial intelligence in drug discovery market highlights
- The UK artificial intelligence in drug discovery market generated a revenue of USD 87.2 million in 2023 and is expected to reach USD 544.5 million by 2030.
- The UK market is expected to grow at a CAGR of 29.9% 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 87.2 million |
| Market revenue in 2030 | USD 544.5 million |
| Growth rate | 29.9% (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, UK accounted for 5.8% 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
| Name | Profile | # Employees | HQ | Website |
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UK 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 53.67% in 2023. Horizon Databook has segmented the UK 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.
A well-established healthcare sector, increasing number of patients suffering from chronic diseases, and manufacturers looking to reduce manufacturing costs of drug development are factors boosting the market in the UK.
Increasing investment by major players in biopharma companies and growing public & private partnerships for R&D activities are other factors anticipated to boost the market over the coming years. To keep up with countries such as the U.S. and China.
In February 2019, the UK government announced to fund thousands of postgraduates to study masters in AI, as it is a significant technology that can have a major impact on several industries, including healthcare.
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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 UK artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into UK artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
UK Artificial Intelligence In Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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