Artificial Intelligence (AI) in Drug Discovery Market Shows Staggering Growth | Microsoft, Google, Atomwise, Insilico Medicine, Benevolent AI – KSU
The growing drive to reduce the cost of new drug discovery and production in recent years is expected to drive demand for artificial intelligence (AI) platforms in the field of drug discovery. According to trade journals, the average cost of discovering and developing a new drug is $ 2.6 billion. This is mainly due to the narrowness of the developmental testing funnel which eliminates the majority of candidate therapies during preclinical and phase 1 trials. For this reason, the adoption of artificial intelligence for drug discovery faster, more efficient and more profitable is gaining ground among players in the pharmaceutical industry.
Artificial intelligence (AI) in the drug discovery market research is an intelligence report with meticulous efforts undertaken to study accurate and valuable information. The data that has been examined is done taking into account both the best existing players and future competitors. The business strategies of major players and new industries entering the market are studied in detail. A well explained SWOT analysis, revenue share and contact details are shared in this report analysis.
“Artificial intelligence (AI) in the drug discovery market is growing at a 40.81% CAGR during the forecast period 2020-2026. The growing interest of individuals in this industry is the main reason for the expansion of this market ”.
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The best companies in this market include: Microsoft, Google, Atomwise, Insilico Medicine, Benevolent AI, Deep Genomics, Cloud Pharmaceuticals, Exscientia, Cyclica, BIOAGE, Numerate, Numedii, Envisagenics, twoXAR, OWKIN, XtalPi, Verge Genomics, Berg LLC.
The global Artificial Intelligence (AI) in Drug Discovery market is analyzed on the basis of its competitive landscape. For this, the report encapsulates data on each of the major market players based on their current company profile, gross margins, selling price, revenue, sales volume, specifications. of the product as well as pictures and the latest contact information. The conclusion of the report leads to the overall scope of the global market with respect to the feasibility of investments in various market segments along with a descriptive passage that describes the feasibility of new projects that may be successful in the Artificial Intelligence (AI) world. in the drug Discovery market in the near future.
The report provides information on the following pointers:
Market penetration: Complete information on the product portfolios of the major players in the Artificial Intelligence (AI) in Drug Discovery market.
Product Development / Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.
Competitive assessment: In-depth assessment of market strategies, geographic and business segments of key market players.
Market development: Comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.
Market diversification: Comprehensive information about new products, untapped geographies, recent developments, and investments in the Artificial Intelligence (AI) in Drug Discovery market.
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The cost analysis of the global Artificial Intelligence (AI) in Drug Discovery market has been done keeping in view the manufacturing expense, cost of labor and raw materials, along with their concentration rate the market, their suppliers and price trends. Other factors such as supply chain, downstream buyers, and sourcing strategy were assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a market positioning study with factors like target customer, branding, and pricing taken into account.
Key influence of the Artificial Intelligence (AI) Market report in Drug Discovery:
- Comprehensive assessment of all opportunities and risks in the Artificial Intelligence (AI) in Drug Discovery Market.
- Recent innovations and major events in the artificial intelligence (AI) market in drug discovery.
- Detailed study of business strategies for the growth of the leading Artificial Intelligence (AI) in Drug Discovery market players.
- Conclusive study on the growth curve of Artificial Intelligence (AI) market in drug discovery for years to come.
- In-depth understanding of Artificial Intelligence (AI) in drug discovery, drivers, constraints, and key market specific micro-markets.
- Favorable impression within the latest vital technology and market trends hitting the Artificial Intelligence (AI) in Drug Discovery Market.
- To provide historical and forecast revenue of market segments and sub-segments for four main geographies and their countries – North America, Europe, Asia and Rest of the World (ROW).
- To provide country-level market analysis with respect to current market size and future prospects.
Global Artificial Intelligence (AI) In Drug Discovery Market Research Report 2020
Chapter 1 Artificial Intelligence (AI) in Drug Discovery Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Analysis of Manufacturing Costs
Chapter 9 Industry Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors / Traders
Chapter 11 Analysis of Market Effect Factors
Chapter 12 Global Artificial Intelligence (AI) in Drug Discovery Market Forecast
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