The global AI in drug discovery market is estimated to grow significantly
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The global AI in drug discovery market is estimated to grow significantly, at a CAGR of 51.3%,
during the forecast period. AI has the potential to enhance the drug discovery process, diminish
failure  rates  during clinical  trials,  reduce R&D expenses,  and ultimately  produce a  superior
medicine for the healthcare sector. There are several drug discovery and pharma companies
have  started  working  in  conjunction  with  software  companies  for  implementing  the  most
advanced  technologies  that  require  costly  and  extensive  drug  discovery  process.  AI-driven
computer  programs  can  accurately  and  promptly  analyze  structures  of  a  range  of  drug
molecules and predict adverse effects, potency, and pharmacological activities of the drug. This
possibility has the potential to develop a rapid and inexpensive route of drug discovery.  
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market
AI stands out to be one of the biggest technological breakthroughs in the healthcare sector;
however, there are lots of security concerns associated with this technology, which hampers
the growth of the market at the global level. In addition, the lack of relevant data input to AI-
assisted healthcare devices may result in hampering the market growth during the forecast
period. Despite these restraining factors, with the increasing prevalence of diseases, the need
for the advanced drug is rising. Every pharma company strives to develop a new innovative
drug.  In  order  to  achieve  this  goal,  companies  spend  heavily  on  R&D  department.  These
investments are expected to offer growth opportunities to the AI  in drug discovery market
during the forecast period. 
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drug-discovery-market
Market Segmentation
 Global AI in Drug Discovery Market by Application
 Oncology
 CVD
 Neurodegenerative Diseases
 Others (Metabolic Diseases)
 Global AI in Drug Discovery Market by End-User
 Pharmaceutical and Biotechnology Companies
 Contract Research Organizations (CROs)
 Academic Organizations
Regional Analysis
 North America
 United States
 Canada
 Europe
 UK
 Germany
 Italy
 Spain
 France
 Rest of Europe 
 Asia-Pacific
 China
 India
 Japan
 Rest of Asia-Pacific 
 Rest of the World
Company Profiles
 AiCure, LLC
 Atomwise, Inc.
 BenevolentAI
 Biovista
 Deep Genomics
 Desktop Genetics Ltd.
 Exscientia Ltd.
 Google LLC
 IBM Corp.
 IKTOS
 Insilico Medicine, Inc.
 Intel Corp.
 Microsoft Corp.
 NuMedii Inc.
 Numerate, Inc.
 Owkin Inc.
 Recursion Pharmaceuticals Inc.
 TwoXAR, Inc.
 XtalPi Inc.
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Company Name: Orion Market Research
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