AI in Drug Discovery Market Growth, Trends, COVID-19 Impact and Forecast to 2029

AI in Drug Discovery Market Overview:

The purpose of this research is to provide a detailed analysis of the AI in Drug Discovery Market by segment and geography. The article goes into great detail about the primary factors influencing the AI in Drug Discovery market's growth. The research also includes a comprehensive assessment of the market's value chain.

Expected Revenue Growth:

AI in Drug Discovery Market size was valued at USD 898.2 Mn. in 2021 and the total Insulation revenue is expected to grow by 29.5% from 2022 to 2029, reaching nearly USD 7104.46 Mn.

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AI in Drug Discovery Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

AI in Drug Discovery Market Dynamics:

In order to use Microsoft's AI algorithms on the massive datasets used in pharma, Novartis and the computer company established a multi-year strategic agreement in 2019. The businesses said that in order to produce personalised medicine and improve cell and gene therapy, they intended to apply picture analysis and generative methods. In April, Nvidia, a company that makes graphics processing units and has been stepping up its AI efforts, teamed up with Schrödinger in an effort to speed up and improve the software's ability to forecast molecules.These aforementioned factors are greatly driving the Artificial Intelligence in Drug Discovery Market.

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AI in Drug Discovery Market Segment Analysis:

By Offering, the AI in Drug Discovery Market is segmented into Software and Services. In terms of market share, the services segment is anticipated to dominate the global AI in drug discovery services market in 2022 and to have the greatest CAGR between 2022 and 2029. The main reasons promoting the growth of this market segment are the advantages connected with AI services and the high demand for AI services among end users.

AI in Drug Discovery Market Major Players:

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the AI in Drug Discovery market report are

• IBM Watson
• Exscientia
• GNS Healthcare
• Alphabet (DeepMind)
• Benevolent AI
• BioSymetrics
• Euretos
• Berg Health
• Atomwise
• Insitro
• Cyclica

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on AI in Drug Discovery Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the AI in Drug Discovery market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the AI in Drug Discovery industry's firms and associations.

Key Questions Answered in the AI in Drug Discovery Market Report are:

• Which segment grabbed the largest share in the AI in Drug Discovery market?
• What was the competitive scenario of the AI in Drug Discovery market in 2021?
• Which are the key factors responsible for the AI in Drug Discovery market growth?
• Which region held the maximum share in the AI in Drug Discovery market in 2021?

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