Artificial Intelligence (AI) in Pharmaceutical Market Size 2023 Global Industry Investigation by Share, Trends, Growth Factors, Developments, Product Innovation and Forecast till 2028 (2023)

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Jan 11, 2023 (The Expresswire) --Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Artificial Intelligence (AI) in Pharmaceutical industry.

"Artificial Intelligence (AI) in Pharmaceutical Market" report provides an overview of competitors, economic conditions, recent developments, competitive analysis, and market developments. This research allows market players to assess the advantages and disadvantages of major rivals, empowering them to make informed decisions and capitalize on opportunities.

Artificial Intelligence (AI) in Pharmaceutical Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2021, at unexpected CAGR during the forecast Period 2022-2028.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 85 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

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This research report is the result of an extensive primary and secondary research effort into the Artificial Intelligence (AI) in Pharmaceutical market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Artificial Intelligence (AI) in Pharmaceutical Market.

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Artificial Intelligence (AI) in Pharmaceutical Market - Competitive Analysis:

Who are the Leading Key Players Operating In this Market?

● AstraZeneca LLC
● Atomwise Inc
● Bayer AG
● Cloud Pharmaceuticals Inc
● GNS Healthcare
● IBM Watson
● Merck and Co.
● Microsoft Corporation
● Novartis AG
● NVIDIA Corporation
● Pfizer Inc.
● Recursion Pharmaceuticals Inc.
● XtalPi Inc

Attractive Opportunities In the Artificial Intelligence (AI) in Pharmaceutical Market:

The Global Artificial Intelligence (AI) in Pharmaceutical market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Market Analysis and Insights: Global Artificial Intelligence (AI) in Pharmaceutical Market

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The global Artificial Intelligence (AI) in Pharmaceutical market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of % during 2022-2028.

Fully considering the economic change by this health crisis, Hardware accounting for % of the Artificial Intelligence (AI) in Pharmaceutical global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR from 2022 to 2028. While Pharmaceutical Company segment is altered to an % CAGR throughout this forecast period.

China Artificial Intelligence (AI) in Pharmaceutical market size is valued at USD million in 2021, while the North America and Europe Artificial Intelligence (AI) in Pharmaceutical are USD million and USD million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Artificial Intelligence (AI) in Pharmaceutical landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period 2022-2028.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Artificial Intelligence (AI) in Pharmaceutical market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Artificial Intelligence (AI) in Pharmaceutical market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Artificial Intelligence (AI) in Pharmaceutical market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Artificial Intelligence (AI) in Pharmaceutical market.

Global Artificial Intelligence (AI) in Pharmaceutical Scope and Market Size

Artificial Intelligence (AI) in Pharmaceutical market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Artificial Intelligence (AI) in Pharmaceutical market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

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Artificial Intelligence (AI) in Pharmaceutical Market - Segmentation Analysis:

Which segment is expected to lead the global Artificial Intelligence (AI) in Pharmaceutical market during the forecast period?

Based on Type, the market can be classified intoHardware, Software

What are the key driving factors for the growth of the Artificial Intelligence (AI) in Pharmaceutical Market?

Use of Pharmaceutical Company, Institute of Biology, Others and in multiple sectors has led to significant growth in demand for Artificial Intelligence (AI) in Pharmaceutical in the market

Which region is dominating the Artificial Intelligence (AI) in Pharmaceutical market growth?

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Region Wise the global trend is analyzed across :

● North America (United States, Canada and Mexico)

● Europe (Germany, UK, France, Italy, Russia and 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)

This Artificial Intelligence (AI) in Pharmaceutical Market Research/Analysis Report Contains Answers to your following Questions

● What are the global trends in the Artificial Intelligence (AI) in Pharmaceutical market? Would the market witness an increase or decline in the demand in the coming years?

● What is the estimated demand for different types of products in Artificial Intelligence (AI) in Pharmaceutical? What are the upcoming industry applications and trends for Artificial Intelligence (AI) in Pharmaceutical market?

● What Are Projections of Global Artificial Intelligence (AI) in Pharmaceutical Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

● Where will the strategic developments take the industry in the mid to long-term?

● What are the factors contributing to the final price of Artificial Intelligence (AI) in Pharmaceutical? What are the raw materials used for Artificial Intelligence (AI) in Pharmaceutical manufacturing?

● How big is the opportunity for the Artificial Intelligence (AI) in Pharmaceutical market? How will the increasing adoption of Artificial Intelligence (AI) in Pharmaceutical for mining impact the growth rate of the overall market?

● How much is the global Artificial Intelligence (AI) in Pharmaceutical market worth? What was the value of the market In 2020?

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● Who are the major players operating in the Artificial Intelligence (AI) in Pharmaceutical market? Which companies are the front runners?

● Which are the recent industry trends that can be implemented to generate additional revenue streams?

● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Artificial Intelligence (AI) in Pharmaceutical Industry?

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Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

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Detailed TOC of Global Artificial Intelligence (AI) in Pharmaceutical Market Insights and Forecast to 2028

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Artificial Intelligence (AI) in Pharmaceutical Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
1.2.2 Hardware
1.2.3 Software
1.3 Market by Application
1.3.1 Global Artificial Intelligence (AI) in Pharmaceutical Market Share by Application: 2017 VS 2021 VS 2028
1.3.2 Pharmaceutical Company
1.3.3 Institute of Biology
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Artificial Intelligence (AI) in Pharmaceutical Market Perspective (2017-2028)
2.2 Artificial Intelligence (AI) in Pharmaceutical Growth Trends by Region
2.2.1 Artificial Intelligence (AI) in Pharmaceutical Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Artificial Intelligence (AI) in Pharmaceutical Historic Market Size by Region (2017-2022)
2.2.3 Artificial Intelligence (AI) in Pharmaceutical Forecasted Market Size by Region (2023-2028)
2.3 Artificial Intelligence (AI) in Pharmaceutical Market Dynamics
2.3.1 Artificial Intelligence (AI) in Pharmaceutical Industry Trends
2.3.2 Artificial Intelligence (AI) in Pharmaceutical Market Drivers
2.3.3 Artificial Intelligence (AI) in Pharmaceutical Market Challenges
2.3.4 Artificial Intelligence (AI) in Pharmaceutical Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Artificial Intelligence (AI) in Pharmaceutical Players by Revenue
3.1.1 Global Top Artificial Intelligence (AI) in Pharmaceutical Players by Revenue (2017-2022)
3.1.2 Global Artificial Intelligence (AI) in Pharmaceutical Revenue Market Share by Players (2017-2022)
3.2 Global Artificial Intelligence (AI) in Pharmaceutical Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Artificial Intelligence (AI) in Pharmaceutical Revenue
3.4 Global Artificial Intelligence (AI) in Pharmaceutical Market Concentration Ratio
3.4.1 Global Artificial Intelligence (AI) in Pharmaceutical Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Artificial Intelligence (AI) in Pharmaceutical Revenue in 2021
3.5 Artificial Intelligence (AI) in Pharmaceutical Key Players Head office and Area Served
3.6 Key Players Artificial Intelligence (AI) in Pharmaceutical Product Solution and Service
3.7 Date of Enter into Artificial Intelligence (AI) in Pharmaceutical Market
3.8 Mergers and Acquisitions, Expansion Plans
4 Artificial Intelligence (AI) in Pharmaceutical Breakdown Data by Type
4.1 Global Artificial Intelligence (AI) in Pharmaceutical Historic Market Size by Type (2017-2022)
4.2 Global Artificial Intelligence (AI) in Pharmaceutical Forecasted Market Size by Type (2023-2028)
5 Artificial Intelligence (AI) in Pharmaceutical Breakdown Data by Application
5.1 Global Artificial Intelligence (AI) in Pharmaceutical Historic Market Size by Application (2017-2022)
5.2 Global Artificial Intelligence (AI) in Pharmaceutical Forecasted Market Size by Application (2023-2028)
6 North America
6.1 North America Artificial Intelligence (AI) in Pharmaceutical Market Size (2017-2028)
6.2 North America Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2017-2022)
6.3 North America Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2023-2028)
6.4 United States
6.5 Canada
7 Europe
7.1 Europe Artificial Intelligence (AI) in Pharmaceutical Market Size (2017-2028)
7.2 Europe Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2017-2022)
7.3 Europe Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2023-2028)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Artificial Intelligence (AI) in Pharmaceutical Market Size (2017-2028)
8.2 Asia-Pacific Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2017-2022)
8.3 Asia-Pacific Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2023-2028)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
9 Latin America
9.1 Latin America Artificial Intelligence (AI) in Pharmaceutical Market Size (2017-2028)
9.2 Latin America Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2017-2022)
9.3 Latin America Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2023-2028)
9.4 Mexico
9.5 Brazil
10 Middle East and Africa
10.1 Middle East and Africa Artificial Intelligence (AI) in Pharmaceutical Market Size (2017-2028)
10.2 Middle East and Africa Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2017-2022)
10.3 Middle East and Africa Artificial Intelligence (AI) in Pharmaceutical Market Size by Country (2023-2028)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
11 Key Players Profiles
11.1 AstraZeneca LLC
11.1.1 AstraZeneca LLC Company Detail
11.1.2 AstraZeneca LLC Business Overview
11.1.3 AstraZeneca LLC Artificial Intelligence (AI) in Pharmaceutical Introduction
11.1.4 AstraZeneca LLC Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.1.5 AstraZeneca LLC Recent Development
11.2 Atomwise Inc
11.2.1 Atomwise Inc Company Detail
11.2.2 Atomwise Inc Business Overview
11.2.3 Atomwise Inc Artificial Intelligence (AI) in Pharmaceutical Introduction
11.2.4 Atomwise Inc Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.2.5 Atomwise Inc Recent Development
11.3 Bayer AG
11.3.1 Bayer AG Company Detail
11.3.2 Bayer AG Business Overview
11.3.3 Bayer AG Artificial Intelligence (AI) in Pharmaceutical Introduction
11.3.4 Bayer AG Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.3.5 Bayer AG Recent Development
11.4 Cloud Pharmaceuticals Inc
11.4.1 Cloud Pharmaceuticals Inc Company Detail
11.4.2 Cloud Pharmaceuticals Inc Business Overview
11.4.3 Cloud Pharmaceuticals Inc Artificial Intelligence (AI) in Pharmaceutical Introduction
11.4.4 Cloud Pharmaceuticals Inc Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.4.5 Cloud Pharmaceuticals Inc Recent Development
11.5 GNS Healthcare
11.5.1 GNS Healthcare Company Detail
11.5.2 GNS Healthcare Business Overview
11.5.3 GNS Healthcare Artificial Intelligence (AI) in Pharmaceutical Introduction
11.5.4 GNS Healthcare Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.5.5 GNS Healthcare Recent Development
11.6 IBM Watson
11.6.1 IBM Watson Company Detail
11.6.2 IBM Watson Business Overview
11.6.3 IBM Watson Artificial Intelligence (AI) in Pharmaceutical Introduction
11.6.4 IBM Watson Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.6.5 IBM Watson Recent Development
11.7 Merck and Co.
11.7.1 Merck and Co. Company Detail
11.7.2 Merck and Co. Business Overview
11.7.3 Merck and Co. Artificial Intelligence (AI) in Pharmaceutical Introduction
11.7.4 Merck and Co. Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.7.5 Merck and Co. Recent Development
11.8 Microsoft Corporation
11.8.1 Microsoft Corporation Company Detail
11.8.2 Microsoft Corporation Business Overview
11.8.3 Microsoft Corporation Artificial Intelligence (AI) in Pharmaceutical Introduction
11.8.4 Microsoft Corporation Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.8.5 Microsoft Corporation Recent Development
11.9 Novartis AG
11.9.1 Novartis AG Company Detail
11.9.2 Novartis AG Business Overview
11.9.3 Novartis AG Artificial Intelligence (AI) in Pharmaceutical Introduction
11.9.4 Novartis AG Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.9.5 Novartis AG Recent Development
11.10 NVIDIA Corporation
11.10.1 NVIDIA Corporation Company Detail
11.10.2 NVIDIA Corporation Business Overview
11.10.3 NVIDIA Corporation Artificial Intelligence (AI) in Pharmaceutical Introduction
11.10.4 NVIDIA Corporation Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.10.5 NVIDIA Corporation Recent Development
11.11 Pfizer Inc.
11.11.1 Pfizer Inc. Company Detail
11.11.2 Pfizer Inc. Business Overview
11.11.3 Pfizer Inc. Artificial Intelligence (AI) in Pharmaceutical Introduction
11.11.4 Pfizer Inc. Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.11.5 Pfizer Inc. Recent Development
11.12 Recursion Pharmaceuticals Inc.
11.12.1 Recursion Pharmaceuticals Inc. Company Detail
11.12.2 Recursion Pharmaceuticals Inc. Business Overview
11.12.3 Recursion Pharmaceuticals Inc. Artificial Intelligence (AI) in Pharmaceutical Introduction
11.12.4 Recursion Pharmaceuticals Inc. Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.12.5 Recursion Pharmaceuticals Inc. Recent Development
11.13 XtalPi Inc
11.13.1 XtalPi Inc Company Detail
11.13.2 XtalPi Inc Business Overview
11.13.3 XtalPi Inc Artificial Intelligence (AI) in Pharmaceutical Introduction
11.13.4 XtalPi Inc Revenue in Artificial Intelligence (AI) in Pharmaceutical Business (2017-2022)
11.13.5 XtalPi Inc Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

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FAQs

What are the main 7 areas of AI? ›

Here are seven application areas of AI
  • AI in medicine. ...
  • AI in education. ...
  • AI in robotics. ...
  • AI in information management. ...
  • AI in Biology. ...
  • AI in Space. ...
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Apr 26, 2018

What will be the projected size of the AI market in 2025? ›

The global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years, reaching around 126 billion U.S. dollars by 2025. The overall AI market includes a wide array of applications such as natural language processing, robotic process automation, and machine learning.

What are the main 5 areas of AI? ›

Five AI technologies that you need to know
  • Artificial Intelligence. ...
  • Machine learning is a method of data analysis that automates analytical model building. ...
  • Deep Learning. ...
  • Natural Language Processing. ...
  • Computer Vision.

How is AI used in pharma? ›

The AI technology is used in each step of the drug designing procedure, which decreases the health hazards related to preclinical trials and also reduces the cost substantially. The AI is an effective tool for data mining based on the huge pharmacological data and machine learning process.

What are the 4 types of AI? ›

4 Types of Artificial Intelligence
  • Reactive Machines.
  • Limited Memory.
  • Theory of Mind.
  • Self Aware.
Jun 8, 2020

What are the three 3 key elements for AI? ›

To understand some of the deeper concepts, such as data mining, natural language processing, and driving software, you need to know the three basic AI concepts: machine learning, deep learning, and neural networks.

What are the future trends of AI? ›

AI Driven Dynamic Operating Models. AI and Cloud Adoption. AI and Martech (a combination of Marketing and Technology) Robotics process automation.

What is AI market size? ›

13, 2022 (GLOBE NEWSWIRE) -- The global AI market size is projected to grow from USD 387.45 billion in 2022 to USD 1394.30 billion in 2029 at a CAGR of 20.1% in the forecast period.
...
Report CoverageDetails
AI Market Size in 2021USD 328.34 Billion
Historical Data for2018 to 2020
No. of Pages160
9 more rows
Sep 13, 2022

Is AI the future of the world? ›

Artificial intelligence is shaping the future of humanity across nearly every industry. It is already the main driver of emerging technologies like big data, robotics and IoT, and it will continue to act as a technological innovator for the foreseeable future.

What are the 3 major AI issues? ›

AI presents three major areas of ethical concern for society: privacy and surveillance, bias and discrimination, and perhaps the deepest, most difficult philosophical question of the era, the role of human judgment, said Sandel, who teaches a course in the moral, social, and political implications of new technologies.

How will AI affect healthcare? ›

Benefits of AI in Healthcare & Medicine

AI can automate administrative tasks, like pre-authorizing insurance, following-up on unpaid bills, and maintaining records, to ease the workload of healthcare professionals and ultimately save them money.

How is AI changing the pharmaceutical industry? ›

One of the biggest is that it can help to reduce costs. For example, by automating repetitive tasks or by using machine learning to improve efficiency in clinical trials. AI can also help to speed up the drug development process by identifying new targets for drugs and helping to streamline clinical trials.

Why AI in pharma is a good idea? ›

The key benefit for pharma companies is the potential for AI, especially when implemented during drug trials, to reduce the time it takes a drug to get approval and reach the market. This can result it great cost savings, which could mean lower cost drugs for patients, as well as more treatment choices.

Does AI replace pharmacy? ›

Building the Pharmacy of the Future

The pharmacy of the future will likely not be fully automated, as pharmacists provide expert level insight, knowledge and management when it comes to pharmaceuticals. For the foreseeable future, AI and robots will not be able to compete with the expertise of pharmacists.

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What are the 6 branches of AI? ›

The Major Branches of Artificial Intelligence

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What is the most advanced type of AI? ›

The most advanced type of artificial intelligence is self-aware AI. When machines can be aware of their own emotions, as well as the emotions of others around them, they will have a level of consciousness and intelligence similar to human beings.

What are the 5 key ideas we know about artificial intelligence? ›

Some key elements that you need to understand in AI are:

Machine Learning. Anomaly Detection. Computer Vision. Natural Language Processing.

What are 4 characteristics of AI? ›

What are the 4 types of artificial intelligence?
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  • Type 2: Limited memory. These AI systems have memory, so they can use past experiences to inform future decisions. ...
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  • Type 4: Self-awareness.

What are the top 10 future applications of artificial intelligence? ›

What Are the Applications of Artificial Intelligence?
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What will AI be like in 50 years? ›

The future of AI in fifty years…

Noted futurist Ray Kurzweil previously pegged the superintelligence tipping point at around 2045 – where machine (AI) become smarter than humans (singularity), although he predicts by 2029 AI will have human-like intelligence.

Why AI is currently the trending technology in the world? ›

New technological applications and systems are currently being used to simulate, extend, and expand human intelligence. With the continued development of AI science and the deepening of the simulation of human consciousness and thinking information processes, AI has received ever-growing attention in various fields.

What is the biggest problem in AI? ›

One of the biggest artificial intelligence problems is that the sophisticated and expensive processing resources needed are unavailable to the majority of businesses. Additionally, they lack access to the expensive and scarce AI expertise required to utilize those resources effectively.

What is the biggest AI company in the world? ›

Biggest AI Companies In The World
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C3.ai is the world's leading provider of Enterprise AI. Founded in 2009, the company aims to support and accelerate digital transformation with its proven C3 AI Suite, an end-to-end platform for developing, deploying and operating large-scale AI applications.

What are the seven 7 steps in creating artificial intelligence? ›

It can be broken down into 7 major steps :
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Jan 6, 2023

What are the main branches of AI? ›

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  • Machine Learning.
  • Deep Learning.
  • Natural Language Processing.
  • Robotics.
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What are the seven loops of AI? ›

Answer:
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  • Limited Memory.
  • Theory of Mind.
  • Self-aware.
  • Artificial Narrow Intelligence (ANI)
  • Artificial General Intelligence (AGI)
  • Artificial Superintelligence (ASI)
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