Home » Healthcare » Pharmaceuticals » Artificial Intelligence Ai In Pharmaceutical Market

Artificial Intelligence (AI) in Pharmaceutical Market By Deployment Mode (Cloud, On-Premise Services); By Offering (Hardware, Software, Services); By Technology (Natural Language Processing (NLP), Context-Aware Processing, Deep Learning, Querying Method, Other Technologies); By Application (Drug Discovery, Clinical Trial Research & Development, Drug Manufacturing and Supply Chain, Others); By End Users (Pharmaceutical & Biotechnology Companies, Hospitals and Diagnostic Centers, Academic & Research Institutes, Others); By Drug Type (Large Molecules, Small Molecules) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $3699

Published: | Report ID: 54600 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2024
Forecast Period 2024-2032
Artificial Intelligence (AI) in Pharmaceutical Market Size 2024 USD 1,118.1 million
Artificial Intelligence (AI) in Pharmaceutical Market, CAGR 31.80%
Artificial Intelligence (AI) in Pharmaceutical Market Size 2032 USD 10,181.32 million

Market Overview

The Global Artificial Intelligence (AI) in Pharmaceutical Market is projected to grow from USD 1,118.1 million in 2023 to an estimated USD 10,181.32 million by 2032, with a compound annual growth rate (CAGR) of 31.80% from 2024 to 2032. This impressive growth can be attributed to the increasing integration of AI technologies in drug discovery, development, and personalized medicine.Market drivers include the rising demand for efficient drug discovery processes, reduced time-to-market, and cost savings offered by AI technologies. Pharmaceutical companies are increasingly leveraging AI to enhance research capabilities, optimize clinical trials, and identify new drug targets, significantly improving the success rate of drug development. Key trends such as the integration of AI with big data, genomics, and advanced analytics are shaping the market, along with the growing collaboration between AI startups and large pharmaceutical companies.Geographically, North America dominates the AI in the pharmaceutical market due to its well-established healthcare infrastructure, substantial investments in AI technology, and strong presence of key industry players. Europe and the Asia-Pacific regions are also witnessing rapid growth due to rising healthcare expenditures and increasing awareness of AI’s potential in the pharmaceutical sector. Prominent companies driving the market include NVIDIA Corporation, IBM Corporation, Exscientia, Insilico Medicine, Atomwise, and BenevolentAI, among others, contributing to innovation and market expansion across regions.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

CTA Design Element 3

Market Drivers

Accelerating Drug Discovery and Development

One of the most significant drivers of the AI in the pharmaceutical market is its ability to accelerate drug discovery and development. Traditional methods of drug discovery are time-consuming and costly, often requiring years of research and development. AI offers a transformative solution by leveraging machine learning algorithms, neural networks, and data-driven models to rapidly analyze large datasets. This helps identify potential drug candidates with greater accuracy and speed. AI tools can predict the success rate of compounds, analyze molecular structures, and simulate drug behavior in human systems, effectively reducing the time taken for early-stage drug discovery from several years to just months. For instance, AI-driven drug discovery platforms have reduced the time for identifying potential drug candidates from 4-5 years to just 8 months. Additionally, AI models can predict the success rate of new compounds with an accuracy of up to 90%. Furthermore, AI algorithms have been used to simulate the behavior of thousands of potential drug compounds, significantly reducing the need for laboratory experimentation. By automating repetitive tasks and enhancing the ability to search vast chemical libraries, AI significantly reduces the time and resources required for drug development. The potential for AI to improve drug design, testing, and optimization through in silico (computer-simulated) models is not only cost-effective but also reduces the need for extensive laboratory experimentation. This accelerated process results in faster drug approvals and more effective treatments reaching the market sooner, which is critical in addressing global health challenges such as infectious diseases, cancer, and neurological disorders.

Optimizing Clinical Trials and Reducing Costs

Clinical trials are a pivotal stage in the pharmaceutical development process, yet they often encounter hurdles such as patient recruitment difficulties, high operational costs, and lengthy timelines. AI technologies can optimize these trials by identifying suitable patients through predictive analytics, analyzing electronic health records, and considering factors like patient demographics, genetic profiles, and medical histories. AI also helps in designing more efficient and adaptive clinical trials by identifying patterns and trends in patient data, leading to more precise trial outcomes. For instance, AI-powered patient recruitment can reduce clinical trial costs by 70% and expedite timelines by up to 40%. Additionally, AI-driven simulations have been shown to cut the length of clinical research phases by half or more, saving up to $28 billion per year. Furthermore, AI algorithms can analyze patient data in real-time, enabling researchers to adapt protocols dynamically based on emerging trends or unexpected outcomes. AI-powered platforms enable pharmaceutical companies to simulate clinical trials, reducing the number of necessary physical trials while improving the accuracy of the results. Furthermore, real-time monitoring of patients using AI algorithms ensures better adherence to protocols, timely detection of adverse events, and more efficient data collection. This not only reduces the overall cost of clinical trials but also increases their success rate, which is crucial for pharmaceutical companies aiming to bring new drugs to market more rapidly.

Advancing Precision Medicine and Personalized Therapies

The growing focus on precision medicine and personalized therapies is another key driver for the adoption of AI in the pharmaceutical industry. Precision medicine aims to tailor treatments to individual patients based on their genetic, environmental, and lifestyle factors. AI plays a crucial role in this by analyzing vast amounts of data from various sources, including genomic sequencing, proteomics, and patient health records, to develop highly targeted therapies. By utilizing machine learning and predictive analytics, AI can help identify biomarkers and gene mutations that are linked to specific diseases, enabling pharmaceutical companies to develop therapies that target these abnormalities with unprecedented precision. This approach is particularly beneficial in treating complex and chronic diseases such as cancer, where personalized treatments can lead to better patient outcomes. As the demand for individualized treatments grows, AI will continue to be a pivotal tool in transforming how pharmaceutical companies develop drugs that are more effective, reduce side effects, and improve patient care.

Enhancing Collaboration Between AI and Pharmaceutical Industries

The collaboration between AI technology providers and pharmaceutical companies is a key driver in the expansion of AI in the pharmaceutical market. These partnerships allow the pharmaceutical industry to leverage cutting-edge AI innovations without having to develop in-house AI expertise. Many AI startups are forming strategic partnerships with leading pharmaceutical companies to apply their AI-driven platforms and tools to drug discovery, development, and clinical trials. For instance, AI-driven startups like Exscientia, Atomwise, and BenevolentAI are collaborating with large pharmaceutical companies to integrate AI into various stages of drug development. These collaborations are mutually beneficial, with AI companies gaining access to pharmaceutical industry expertise and data, while pharmaceutical firms benefit from the rapid advancements in AI capabilities. Such partnerships have proven to accelerate drug development pipelines, reduce costs, and increase the overall success rate of new drug approvals. As the pharmaceutical industry continues to face increasing pressure to innovate, these collaborations will play a vital role in driving AI adoption across the sector.

Market Trends

Integration of AI with Big Data and Advanced Analytics

One of the most notable trends in the AI in pharmaceutical market is the growing integration of AI with big data and advanced analytics. Pharmaceutical companies are increasingly relying on AI to analyze massive amounts of data generated from various sources, such as clinical trials, electronic health records, genomic sequencing, and real-world evidence. AI’s ability to process and interpret these vast datasets helps in identifying hidden patterns, correlations, and insights that would otherwise be difficult for traditional methods to uncover. This data-driven approach is particularly useful in drug discovery, where AI can predict the behavior of molecules, identify new drug candidates, and optimize chemical structures for better efficacy and safety. For instance, AI-driven platforms have reduced the time for identifying potential drug candidates from 4-5 years to just 8 months. Additionally, AI models can predict the success rate of new compounds with an accuracy of up to 90%. Furthermore, AI algorithms can analyze patient data in real-time, enabling researchers to adapt protocols dynamically based on emerging trends or unexpected outcomes. Additionally, the combination of AI and big data allows for more efficient decision-making during clinical trials, reducing trial durations and improving outcomes. Advanced analytics, powered by AI, is also facilitating more personalized approaches to medicine, offering targeted therapies based on individual genetic profiles and health data.

Rising Collaborations Between AI Startups and Pharmaceutical Giants

Another prominent trend is the increasing collaboration between AI startups and established pharmaceutical companies. These partnerships are helping to accelerate AI adoption in drug discovery, development, and clinical trials. Pharmaceutical giants are recognizing the value of AI-driven innovation and are investing in collaborations with specialized AI firms to gain a competitive edge. For example, startups like Insilico Medicine, Atomwise, and Exscientia are partnering with major pharmaceutical companies to apply AI algorithms to key stages of drug development, from target identification to compound optimization. These partnerships allow pharmaceutical companies to tap into AI expertise without having to build internal AI capabilities from scratch. Furthermore, collaborations with AI startups are fostering innovation by integrating novel AI platforms, such as generative models and deep learning, into the pharmaceutical R&D process. This trend of cross-industry collaboration is expected to grow, with AI playing a central role in transforming how new therapies are developed, tested, and brought to market faster and more efficiently.

Market Restraints and Challenges

Data Privacy and Security Concerns

One of the primary restraints affecting the adoption of AI in the pharmaceutical industry is the concern over data privacy and security. The pharmaceutical sector relies heavily on vast amounts of sensitive data, including patient health records, genetic information, and clinical trial data. The integration of AI requires extensive access to this data, raising concerns about its protection from breaches, misuse, and unauthorized access. Stringent regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) in the U.S. and the General Data Protection Regulation (GDPR) in Europe, impose strict guidelines for data handling. Compliance with these regulations can be complex, and any breach could result in significant legal consequences and reputational damage for pharmaceutical companies. Moreover, the potential for cyberattacks and vulnerabilities in AI systems adds another layer of complexity, as ensuring the secure use of AI-driven platforms remains a significant challenge. The reluctance to share sensitive data across different stakeholders further slows down the implementation of AI in the pharmaceutical industry.

High Implementation Costs and Technical Complexity

Another major challenge restraining the growth of AI in the pharmaceutical market is the high cost and technical complexity associated with its adoption. Developing and implementing AI solutions in pharmaceutical research and development requires substantial investments in infrastructure, skilled personnel, and advanced technologies. Many pharmaceutical companies, especially smaller firms, face difficulties in justifying the significant upfront costs required to build and maintain AI platforms. Additionally, AI systems often require specialized expertise in data science, machine learning, and bioinformatics, which may not be readily available within traditional pharmaceutical teams. The integration of AI into existing workflows is also technically complex, requiring significant adjustments to traditional R&D processes. Resistance to change, a lack of understanding of AI technologies, and concerns over the potential displacement of human jobs further hinder AI adoption. For many organizations, balancing the high costs with the anticipated benefits of AI remains a significant challenge, delaying broader implementation.

Market Segmentation Analysis

By Deployment Mode

The deployment mode for AI in the pharmaceutical market includes cloud, on-premise, and service-based options. Cloud-based solutions are increasingly preferred due to their scalability, flexibility, cost-effectiveness, and ability to provide remote access to large datasets, enabling seamless collaboration and real-time analytics. On-premise deployments, while offering greater control over data and enhanced security, are typically chosen by organizations with stringent regulatory requirements, although they come with higher infrastructure and maintenance costs. Additionally, services such as consulting, integration, and support play a crucial role in helping pharmaceutical companies implement and manage AI technologies effectively, ensuring smooth integration into existing workflows.

By Offering

The “By Offering” segment of the AI in pharmaceutical market includes hardware, software, and services. The hardware segment features AI-specific processors, such as GPUs and TPUs, which are essential for the high-performance computing required in drug discovery and molecular modeling. Software solutions, including machine learning platforms, natural language processing tools, and predictive analytics, form the foundation of AI applications in pharmaceuticals, automating processes and optimizing research and development efforts. In addition to software, AI service providers play a critical role by offering support for system deployment, custom AI model development, and ongoing maintenance, helping pharmaceutical companies fully leverage AI integration.

Segments

Based on Deployment Mode

  • Cloud
  • On-Premise
  • Services

Based on Offering

  • Hardware
  • Software
  • Services

Based on Technology

  • Natural Language Processing (NLP)
  • Context-Aware Processing
  • Deep Learning
  • Querying Method
  • Other Technologies

Based on Application

  • Drug Discovery
  • Clinical Trial
  • Research & Development
  • Drug Manufacturing and Supply Chain
  • Others

Based on End Users

  • Pharmaceutical & Biotechnology Companies
  • Hospitals and Diagnostic Centers
  • Academic & Research Institutes
  • Others

Based on Drug Type

  • Large Molecules
  • Small Molecules

Based on Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa

Regional Analysis

North America (38%):

North America holds the largest share of the AI in pharmaceutical market, accounting for approximately 38% of the global market. The United States, in particular, leads the region due to its advanced healthcare infrastructure, significant investments in AI-driven drug discovery, and the presence of major pharmaceutical companies. The region’s strong regulatory framework supports AI adoption in pharmaceutical research and development, while robust partnerships between AI startups and pharmaceutical firms further accelerate market growth. Additionally, the high rate of technological innovation and substantial government funding for AI research contribute to North America’s dominance in the global market.

Europe (26%):

Europe follows closely, with a 26% share of the global AI in pharmaceutical market. Countries like Germany, the United Kingdom, and France are at the forefront of AI adoption in the pharmaceutical sector. The European market benefits from strong government initiatives aimed at promoting AI in healthcare and pharmaceutical applications. Moreover, Europe’s focus on precision medicine and personalized healthcare is driving demand for AI-based solutions that optimize drug discovery and clinical trials. The region also boasts a high level of academic research and innovation, further supporting the growth of AI in pharmaceuticals.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Key players

  • NVIDIA Corporation
  • IBM Corporation
  • Exscientia
  • Insilico Medicine
  • Atomwise, Inc.
  • Cloud Pharmaceuticals, Inc.
  • Cyclica Inc.
  • Envisagenics, Inc.
  • Numerate, Inc.
  • Schrödinger, Inc.
  • Standigm
  • ai
  • BenevolentAI
  • Recursion Pharmaceuticals
  • Owkin, Inc.
  • XtalPi Inc.
  • Valo Health
  • Absci

Competitive Analysis

The Global AI in Pharmaceutical Market is characterized by intense competition, with key players driving innovation in drug discovery, clinical trials, and personalized medicine. NVIDIA and IBM hold a strong position due to their advanced hardware and AI software offerings, which provide critical computational power and analytics solutions. Exscientia, Insilico Medicine, and Atomwise lead the market with AI-driven drug discovery platforms, focusing on accelerating the identification of novel compounds. Startups like Cyclica, Turbine.ai, and Owkin are gaining prominence by leveraging AI for molecular design, data analysis, and predictive modeling. Schrödinger and BenevolentAI are at the forefront of combining AI with computational chemistry, offering a competitive edge in drug development. The growing collaboration between traditional pharmaceutical companies and AI startups fuels competition, with each player aiming to reduce drug development timelines and enhance precision in personalized therapies.

Recent Developments

  • In March 2024, NVIDIA launched more than two dozen new microservices to advance drug discovery, MedTech, and digital health.
  • In August 2024, Recursion and Exscientia entered into a definitive agreement to create a global technology-enabled drug discovery leader with end-to-end capabilities.
  • In July 2023, Insilico Medicine began Phase II clinical trials with the first generative AI-discovered drug.
  • In 2023, Sanofi signed a deal with Atomwise for AI-fueled drug discovery, paying $20 million for five new drug targets.
  • In May 2023, Recursion announced the acquisition of Cyclica to enhance its AI-enabled drug discovery platform.
  • In April 2021, NVIDIA announced a strategic partnership with Schrödinger to expand the speed and accuracy of Schrödinger’s computational drug discovery platform.
  • In September 2023, Merck entered into a strategic collaboration with BenevolentAI to drive accelerated drug discovery.
  • In May 2023, Recursion announced the acquisition of Cyclica and Valence to enhance its AI-enabled drug discovery platform.

Market Concentration and Characteristics 

The Global Artificial Intelligence (AI) in Pharmaceutical Market is moderately concentrated, with a mix of established technology giants and specialized AI-driven startups. Key players such as NVIDIA Corporation, IBM Corporation, and Exscientia dominate the market, offering a broad range of AI solutions for drug discovery, clinical trials, and pharmaceutical research. However, the market is also characterized by the presence of numerous innovative startups, such as Insilico Medicine, Atomwise, and Cyclica, which are leveraging cutting-edge AI technologies to disrupt traditional pharmaceutical processes. The market is marked by high innovation and competition, driven by the need for faster drug discovery, reduced costs, and personalized medicine. Collaboration between pharmaceutical companies and AI providers is a key characteristic, as both sectors seek to capitalize on AI’s potential to enhance drug development and patient outcomes. Despite increasing consolidation, the market remains dynamic and fragmented, with opportunities for growth across multiple regions and segments.

Report Coverage

The research report offers an in-depth analysis based on Deployment Mode, Offering, Technology, Application, End Users, Drug Type, and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. AI will continue to significantly reduce drug discovery timelines, enabling pharmaceutical companies to bring new drugs to market faster, thereby addressing global health challenges more efficiently.
  1. AI-driven data analytics will further enhance the development of precision medicine, allowing for more tailored and effective treatments based on individual genetic and health profiles.
  1. The increasing use of AI to optimize patient recruitment, predict trial outcomes, and monitor trial data in real-time will improve clinical trial efficiency and success rates.
  1. AI’s integration with genomics, proteomics, and other big data sources will revolutionize pharmaceutical R&D, helping companies identify novel drug targets and biomarkers with greater accuracy.
  1. AI will play a growing role in automating drug manufacturing processes, improving quality control, and optimizing supply chains, leading to more efficient production and reduced costs.
  1. As AI becomes more deeply embedded in pharmaceutical processes, regulatory bodies will evolve frameworks to ensure the safe and ethical use of AI in drug development and patient care.
  1. Partnerships between AI technology providers and pharmaceutical companies will continue to grow, fostering innovation and expanding AI’s applications across all stages of drug development.
  1. AI’s ability to predict drug responses and personalize treatment plans will lead to better patient outcomes, particularly in the management of complex and chronic diseases.
  1. AI will significantly reduce R&D costs by streamlining research processes, automating repetitive tasks, and minimizing the need for extensive laboratory experimentation.
  1. The future will see more AI-driven platforms capable of autonomously designing drug molecules, further accelerating the discovery process and expanding the boundaries of pharmaceutical innovation.

1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope

2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology

3. Executive Summary

4. Introduction
4.1. Overview
4.2. Key Industry Trends

5. Global Artificial Intelligence (AI) in Pharmaceutical Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast

6. Market Segmentation by Deployment Mode
6.1. Cloud
6.1.1. Market Trends
6.1.2. Market Forecast
6.1.3. Revenue Share
6.1.4. Revenue Growth Opportunity
6.2. On-Premise
6.2.1. Market Trends
6.2.2. Market Forecast
6.2.3. Revenue Share
6.2.4. Revenue Growth Opportunity
6.3. Services
6.3.1. Market Trends
6.3.2. Market Forecast
6.3.3. Revenue Share
6.3.4. Revenue Growth Opportunity

7. Market Segmentation by Offering
7.1. Hardware
7.1.1. Market Trends
7.1.2. Market Forecast
7.1.3. Revenue Share
7.1.4. Revenue Growth Opportunity
7.2. Software
7.2.1. Market Trends
7.2.2. Market Forecast
7.2.3. Revenue Share
7.2.4. Revenue Growth Opportunity
7.3. Services
7.3.1. Market Trends
7.3.2. Market Forecast
7.3.3. Revenue Share
7.3.4. Revenue Growth Opportunity

8. Market Segmentation by Technology
8.1. Natural Language Processing
8.1.1. Market Trends
8.1.2. Market Forecast
8.1.3. Revenue Share
8.1.4. Revenue Growth Opportunity
8.2. Context-Aware Processing
8.2.1. Market Trends
8.2.2. Market Forecast
8.2.3. Revenue Share
8.2.4. Revenue Growth Opportunity
8.3. Deep Learning
8.3.1. Market Trends
8.3.2. Market Forecast
8.3.3. Revenue Share
8.3.4. Revenue Growth Opportunity
8.4. Querying Method
8.4.1. Market Trends
8.4.2. Market Forecast
8.4.3. Revenue Share
8.4.4. Revenue Growth Opportunity
8.5. Other
8.5.1. Market Trends
8.5.2. Market Forecast
8.5.3. Revenue Share
8.5.4. Revenue Growth Opportunity

9. Market Segmentation by Application
9.1. Drug Discovery
9.1.1. Market Trends
9.1.2. Market Forecast
9.1.3. Revenue Share
9.1.4. Revenue Growth Opportunity
9.2. Clinical Trial
9.2.1. Market Trends
9.2.2. Market Forecast
9.2.3. Revenue Share
9.2.4. Revenue Growth Opportunity
9.3. Research & Development
9.3.1. Market Trends
9.3.2. Market Forecast
9.3.3. Revenue Share
9.3.4. Revenue Growth Opportunity
9.4. Drug Manufacturing and Supply Chain
9.4.1. Market Trends
9.4.2. Market Forecast
9.4.3. Revenue Share
9.4.4. Revenue Growth Opportunity
9.5. Others
9.5.1. Market Trends
9.5.2. Market Forecast
9.5.3. Revenue Share
9.5.4. Revenue Growth Opportunity

10. Market Segmentation by End Users
10.1. Pharmaceutical & Biotechnology Companies
10.1.1. Market Trends
10.1.2. Market Forecast
10.1.3. Revenue Share
10.1.4. Revenue Growth Opportunity
10.2. Hospitals and Diagnostic Centers
10.2.1. Market Trends
10.2.2. Market Forecast
10.2.3. Revenue Share
10.2.4. Revenue Growth Opportunity
10.3. Academic & Research Institutes
10.3.1. Market Trends
10.3.2. Market Forecast
10.3.3. Revenue Share
10.3.4. Revenue Growth Opportunity
10.4. Others
10.4.1. Market Trends
10.4.2. Market Forecast
10.4.3. Revenue Share
10.4.4. Revenue Growth Opportunity

11. Market Segmentation by Drug Type
11.1. Large Molecules
11.1.1. Market Trends
11.1.2. Market Forecast
11.1.3. Revenue Share
11.1.4. Revenue Growth Opportunity
11.2. Small Molecules
11.2.1. Market Trends
11.2.2. Market Forecast
11.2.3. Revenue Share
11.2.4. Revenue Growth Opportunity

12. SWOT Analysis
12.1. Overview
12.2. Strengths
12.3. Weaknesses
12.4. Opportunities
12.5. Threats

13. Value Chain Analysis

14. Porters Five Forces Analysis
14.1. Overview
14.2. Bargaining Power of Buyers
14.3. Bargaining Power of Suppliers
14.4. Degree of Competition
14.5. Threat of New Entrants
14.6. Threat of Substitutes

15. Price Analysis

16. Competitive Landscape
16.1. Market Structure
16.2. Key Players
16.3. Profiles of Key Players
16.3.1. NVIDIA Corporation
16.3.1.1. Company Overview
16.3.1.2. Product Portfolio
16.3.1.3. Financials
16.3.1.4. SWOT Analysis
16.3.2. IBM Corporation
16.3.3. Exscientia
16.3.4. Insilico Medicine
16.3.5. Atomwise, Inc.
16.3.6. Cloud Pharmaceuticals, Inc.
16.3.7. Cyclica Inc.
16.3.8. Envisagenics, Inc.
16.3.9. Numerate, Inc.
16.3.10. Schrödinger, Inc.
16.3.11. Standigm
16.3.12. Turbine.ai
16.3.13. BenevolentAI
16.3.14. Recursion Pharmaceuticals
16.3.15. Owkin, Inc.
16.3.16. XtalPi Inc.
16.3.17. Valo Health
16.3.18. Absci

17. Research Methodology

Frequently Asked Questions

What is the market size of the Global AI in Pharmaceutical Market in 2023, and how much is it projected to reach by 2032?

The Global AI in Pharmaceutical Market was valued at USD 1,118.1 million in 2023 and is projected to reach USD 10,181.32 million by 2032, growing at a CAGR of 31.80% from 2024 to 2032.

How does AI accelerate drug discovery in the pharmaceutical market?

AI accelerates drug discovery by rapidly analyzing vast datasets, predicting potential drug candidates, and simulating molecular structures, reducing the time for early-stage drug development from years to just months.

Which region holds the largest market share in the Global AI in Pharmaceutical Market?

North America holds the largest market share, accounting for approximately 38%, driven by its advanced healthcare infrastructure and significant investments in AI technologies for drug development.

How does AI contribute to optimizing clinical trials in pharmaceuticals?

AI optimizes clinical trials by improving patient recruitment, reducing costs, and predicting trial outcomes using real-time data analysis, thereby enhancing efficiency and success rates.

Artificial Intelligence In Healthcare Market

Published:
Report ID: 1761

Artificial Intelligence Robots Market

Published:
Report ID: 58113

Wearable Artificial Kidney Market

Published:
Report ID: 57870

Artificial Intelligence in MRI Market

Published:
Report ID: 56686

Bioengineered Artificial Skin Market

Published:
Report ID: 56015

Artificial Intelligence in Ultrasound Imaging Market

Published:
Report ID: 54612

Artificial Intelligence in Sports Market

Published:
Report ID: 51758

Artificial Intelligence In E Commerce Market

Published:
Report ID: 50663

Artificial Intelligence In Hardware Market

Published:
Report ID: 50662

Vasculitis Treatment Market

Published:
Report ID: 11489

Topical Drug Delivery Market

Published:
Report ID: 59463

Radiodermatitis Market

Published:
Report ID: 8730

Aromatherapy Market

Published:
Report ID: 1785

Human Microbiome Market

Published:
Report ID: 7321

Strontium Nitrate Market

Published:
Report ID: 59322

Tattoo Numbing Cream Market

Published:
Report ID: 59291

Skin Care Supplements Market

Published:
Report ID: 59284

Raynaud’s Disease Therapeutics Market

Published:
Report ID: 8867

Sodium Phenylbutyrate Market

Published:
Report ID: 59235

Pegfilgrastim Biosimilars Market

Published:
Report ID: 59225

Peptic Ulcer Drugs Market

Published:
Report ID: 9131

Purchase Options

The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
$3699

To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
$4699

The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
$6699

Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN