Artificial Intelligence (AI) in Drug
Discovery Market – Industry
Trends and Forecast to 2031
Global Artificial Intelligence (AI) in Drug Discovery Market, By
Application (Novel Drug Candidates, Drug Optimization and
Repurposing Preclinical Testing and Approval, Drug Monitoring,
Finding New Diseases Associated Targets and Pathways,
Understanding Disease Mechanisms, Aggregating and
Synthesizing Information, Formation and Qualification of
Hypotheses, De Novo Drug Design, Finding Drug Targets of an Old
Drug, and Others), Technology (Machine Learning, Deep Learning,
Natural Language Processing, and Others), Drug Type (Small
Molecule and Large Molecule), Offering (Software and Services),
Indication (Immuno-Oncology, Neurodegenerative Diseases,
Cardiovascular Diseases, Metabolic Diseases, Rare Diseases,
Infectious Diseases and Others), End Use (Contract Research
Organizations (CROs), Pharmaceutical and Biotechnology
Companies, Research Centers and Academic Institutes, and
Others) – Industry Trends and Forecast to 2031.
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Report Description
The artificial intelligence (AI) in drug discovery market,
which was USD 932.24 million in 2023, is expected to
reach USD 1,409.14 million by 2031, at a CAGR of
5.30% during the forecast period 2024 to 2031.
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obal-artificial-intelligence-ai-in-drug-discovery-market
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Major Key Players
Major Key Players
ü NVIDIA Corporation (U.S.)
Some of the major players operating in
this market are :
ü Atomwise Inc. (U.S.)
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ü IBM (U.S.)
ü Microsoft (U.S.)
ü Benevolent AI (U.K.)
ü Aria Pharmaceuticals, Inc. (U.S.)
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Market Segmentation
• By Application (Novel Drug Candidates, Drug Optimization and Repurposing Preclinical
Testing and Approval, Drug Monitoring, Finding New Diseases Associated Targets and
Pathways, Understanding Disease Mechanisms, Aggregating and Synthesizing Information,
Formation and Qualification of Hypotheses, De Novo Drug Design, Finding Drug Targets of
an Old Drug, and Others)
• By Technology (Machine Learning, Deep Learning, Natural Language Processing, and
Others), Drug Type (Small Molecule and Large Molecule)
• By Offering (Software and Services), Indication (Immuno-Oncology, Neurodegenerative
Diseases, Cardiovascular Diseases, Metabolic Diseases, Rare Diseases, Infectious
Diseases and Others)
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Regional Analysis
Based on
geography, the
market is
segmented into
five geographical
regions.
Europe
North America
Middle East &
Africa
Asia-Pacific
South America
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