AI in Drug Discovery Market Analysis By Size, Share, Demand, Drug Type, Opportunities, Forecast 2025
Global AI in drug discovery market is expected to grow at a robust CAGR during the forecast period. The global AI in drug discovery market is driven by the growing need to shorten the drug discovery process in order to get drugs faster for treating various chronic and viral diseases. Additionally, AI helps in understanding the mechanism of disease, establishing biomarkers and generating data or models for the drug discovery process and thereby expected to propel the market over the next few years. Furthermore, increasing R&D activities and software launches by the major market players is expected to spur the market through 2025. The global AI in drug discovery market is segmented based on component, technology, drug type, application, diseases, end user, company and region. Based on component, the market can be bifurcated into software and services. The software segment is expected to dominate the market during forecast period owing to the continuous software advancements th...