AI in Pharmaceutical Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 12.4 Billion by 2030, growing at a CAGR of 25.4% from 2024 to 2030.
The AI in pharmaceutical market was valued at approximately $4.5 billion in 2022, demonstrating a robust growth trajectory. The market is projected to expand at a compound annual growth rate (CAGR) of 35% from 2023 to 2030. This significant growth is driven by the increasing adoption of AI technologies for drug discovery, development, and personalized medicine. AI's ability to accelerate research, optimize clinical trials, and enhance decision-making processes is transforming pharmaceutical operations, creating vast opportunities for stakeholders in this sector.
Emerging markets are expected to be key drivers of growth in the AI pharmaceutical sector. Developing economies are increasingly investing in AI-driven healthcare solutions to address local medical challenges and improve healthcare delivery. Regions such as Asia-Pacific and Latin America are showing promising trends due to advancements in healthcare infrastructure and increasing investments in technology. These markets are anticipated to experience substantial growth, fueled by government initiatives and the rising demand for innovative solutions in healthcare and pharmaceuticals.
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Google LLC.
Intel Corporation
Sanofi
Eli Lilly and Company
IBM Corporation
Exscientia
Iktos
Biovista
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global AI in Pharmaceutical Market
Hospitals and Providers
Pharmaceutical and Biotechnology companies
Others
Based on Types the Market is categorized into Below types that held the largest AI in Pharmaceutical market share In 2023.
Smartphones and Tablets
Wearables
Workstation Systems
Medical Devices
Autonomous Robots
Imaging Systems
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global AI in Pharmaceutical Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global AI in Pharmaceutical Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global AI in Pharmaceutical Market, By Type
6. Global AI in Pharmaceutical Market, By Application
7. Global AI in Pharmaceutical Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global AI in Pharmaceutical Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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