Artificial Intelligence In Drug Discovery Market Size Is Anticipated To Reach USD 9.1 Billion By 2030
San Francisco, 27 Aug 2024: The Report Artificial Intelligence In Drug Discovery Market Size, Share & Trends Analysis Report By Therapeutic Space (Oncology, Neurodegenerative Diseases), By Application, By Region, And Segment Forecasts, 2024 - 2030 The global artificial intelligence in drug discovery market size is estimated at USD 9.1 billion in 2030, and is expected to expand at a CAGR of 29.7% from 2024 to 2030. It is expected to expand at a CAGR of 29.6% from 2023 to 2030. The pandemic has made the adoption of AI more widespread in the pharma industry. AI and its related platforms aim to enhance medical imaging and diagnostics, management of chronic diseases, and drug designing. The overall human hours spent would be far more in comparison to the AI system scanning the same data, which reduces overall cost and is a more feasible approach. The drug optimization and repurposing application segment held the largest revenue share in 2022. AI platforms help in the identification