The Global Artificial Intelligence (AI) Enabled Drug Discovery and Clinical Trials Market size is likely to grow at a CAGR of around 23.6% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.
Global Artificial Intelligence (AI) Enabled Drug Discovery and Clinical Trials Market Driver:
Mounting Technological Advancement to Propel the Market Growth: Burgeoning technological advancements like AI, 4K Imaging, and IoT (Internet of Things) have resulted in surging the demand for integrating these high-end technologies in the healthcare industry. AI helps provide patient-centric treatment, better diagnostic services, and accurate decision-making, thereby recognizing errors in the current situations and providing better alternatives in complex scenarios. Hence, AI technology is likely to encourage the growth of the Drug Discovery and Clinical Trials Market.
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Key Market Reports Highlights
- Market Dimensions Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Artificial Intelligence (AI) Enabled Drug Discovery and Clinical Trials Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Component
- Software
- Service
- By Application
- Data Aggregation and Analysis
- Clinical Trials
- Drug Design
- Drug Characterization
- Biomarker Research
- By Therapeutic Application
- Oncology
- Cardiovascular Disease
- Nervous System Disease
- Respiratory Disorder
- Metabolic Disorder
- Immunologic Disease
- Infectious Disease
- Others
- By End-User
- Biopharmaceutical Industry
- Contract Research Organization (CROs)
- Academic Institutes and Research Centers
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Accutar Biotechnology, Ardigen, Atomwise Inc., AiCure, LLC, Berg LLc, Cloud Pharmaceuticals, Biovista, Cyclica Inc., Symphony Innovations, GNS Healthcare. are looking forward to strengthening their market positions.
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We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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