PUBLISHER: TechNavio | PRODUCT CODE: 1915647
PUBLISHER: TechNavio | PRODUCT CODE: 1915647
The global AI in pharma and biotech market is forecasted to grow by USD 3632.4 mn during 2024-2029, accelerating at a CAGR of 20.0% during the forecast period. The report on the global AI in pharma and biotech market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative to overcome declining research and development productivity and escalating costs, exponential growth of biomedical data and availability of high-performance computing, increasing investment, strategic collaborations, and validating success stories.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 18.2% |
| CAGR | 20% |
| Incremental Value | $3632.4 mn |
Technavio's global AI in pharma and biotech market is segmented as below:
By Type
By Technology
By Application
Geography
This study identifies the industrialization of discovery through scalable, ai-powered research and development platforms as one of the prime reasons driving the global AI in pharma and biotech market growth during the next few years. Also, ai-driven biomarker discovery and scaling of precision medicine and increasing integration of AI with real-world evidence and clinical trial modernization will lead to sizable demand in the market.
The report on the global AI in pharma and biotech market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global AI in pharma and biotech market vendors that include Aria Intelligent Solutions, Arzeda Corp., Atomwise Inc., Auransa Inc., BenevolentAI, BioAge Labs Inc., Cloud Pharmaceuticals Inc., Deep Genomics Inc., Exscientia plc, Healx Ltd., Insilico Medicine, Owkin Inc., PathAI Inc., Recursion Pharmaceuticals Inc., Schrodinger Inc., Turbine Ltd., Valo Health, Verge Analytics Inc., Shenzhen Jingtai Technology Co.Ltd. Also, the global AI in pharma and biotech market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.