SNS Insider forecasts the global AI in pharmaceutical market to grow from USD 1.73 billion in 2024 to USD 13.46 billion by 2032. This surge is propelled by cutting-edge R&D integration, advanced machine learning algorithms, and accelerated clinical trial processes focusing on precision medicine and outcome prediction.
Key points
- Drug discovery segment holds 64.29% of market share, underscoring AI’s impact on early-stage therapeutic development.
- Machine learning dominates with a 48.24% share by enabling high-throughput analysis of biomedical datasets.
- Software offerings account for 55.10% share, streamlining data processing and predictive modeling for R&D.
Why it matters: This expansion signals a paradigm shift in pharmaceutical R&D, enabling faster drug candidate identification and more efficient clinical trials through AI-driven analytics.
Q&A
- What drives the AI pharma market growth?
- How does machine learning accelerate drug discovery?
- What role do software tools play?