The global intelligent drug discovery market is anticipated to be valued at USD 3,711.8 Million in 2027 from USD 258.9 Million in 2019, registering a CAGR of 39.4% through the forecast period. Artificial intelligence has proven to be a game-changing technology for the healthcare industry.
The global intelligent drug discovery market is projected to account for a comparatively higher revenue share over the forecast timeframe. The rising focus of pharmaceutical companies on leveraging artificial intelligence for drug development, the growing adoption of AI for cost-effective and more efficient drug discovery for complex diseases are the primary factors propelling the global market growth. The rising prevalence of chronic diseases around the world, increasing investments by pharmaceutical companies in drug development, technological advancements in the design and development of new medicine, and the extensive utilization of cloud and machine learning technologies in drug development processes are the other significant factors spurring the market growth.
Read more@ https://www.emergenresearch.com/industry-report/intelligent-drug-discovery-market
Besides exploring the company profiles of prominent market leaders, the research gather and analyses raw data on the regulatory framework, cost structure, import and export status, supply chain management and supply chain management expected to shape the trajectory of the business landscape.
The research provides answers to the following key questions:
- What is the expected growth rate of the Intelligent Drug Discovery market? What will be the market size for the forecast period, 2020 – 2027?
- What are the major driving forces responsible for transforming the trajectory of the industry?
- Who are major vendors dominating the Intelligent Drug Discovery industry across different regions? What are their winning strategies to stay ahead in the competition?
- What are the market trends business owners can rely upon in the coming years?
- What are the threats and challenges expected to restrict the progress of the industry across different countries?
- What are the key opportunities that business owners can bank on for the forecast period, 2020 – 2027?
