What is the Artificial Intelligence in Drug Discovery Market?

The Artificial Intelligence in Drug Discovery Market encompasses the use of AI-driven technologies and algorithms in the pharmaceutical and biotechnology industries to expedite drug discovery and development processes.

How big is the Artificial Intelligence in Drug Discovery Market?

The global Artificial Intelligence in Drug Discovery Market size was estimated at USD 1.2 Billion in 2023 and is expected to reach USD 13.6 Billion in 2033.

Who are the key companies/players in the Artificial Intelligence in Drug Discovery Market?

Some of the key players in the Artificial Intelligence in Drug Discovery Markets are NVIDIA CORPORATION, Microsoft Corporation, TOMWISE INC., Cloud Pharmaceuticals, Schrodinger, EXSCIENTIA. AI, BioSymetrics, Benevolent AI, Cyclica Inc., IBM Watson, and other key players.

What drives the adoption of AI in drug discovery?

The adoption of AI in drug discovery is driven by its ability to analyze vast datasets, predict molecular interactions, optimize drug candidates, and reduce research and development timelines.

How does AI contribute to drug discovery safety and efficiency?

AI enhances safety and efficiency by identifying potential drug candidates with fewer side effects, predicting toxicity, and aiding in the selection of the most promising compounds for further development.

What challenges does the AI in Drug Discovery Market face?

Challenges include the need for high-quality data, regulatory hurdles, the complexity of biological systems, and the integration of AI into existing drug discovery workflows.

Global Artificial Intelligence in Drug Discovery Market By Component (Software and Service), By Technology (Machine Learning, Deep Learning, and Other Technologies), By Application, By End-User, By Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2024-2033

Published date: Jan 2024
Report ID: 99396
Number of Pages: 259
Format:

Overview
Table of Contents
Major Market Players
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- NVIDIA CORPORATION
- Microsoft Corporation
- Cloud Pharmaceuticals
- TOMWISE INC.
- AI
- Schrödinger
- BioSymetrics
- Cyclica Inc.
- IBM Watson
- Benevolent AI
- Other Key Players