The Artificial Intelligence In Pharmaceutical Market size is estimated at USD 3.05 billion in 2024, and is expected to reach USD 18.06 billion by 2029, growing at a CAGR of 42.68% during the forecast period (2024-2029).
In the current pharmaceutical market, the use of artificial intelligence (AI) has become increasingly prevalent, with a number of global players focusing on differentiating themselves in a highly competitive space. Furthermore, there has been a recent influx of new entrants into the market who are rapidly gaining traction. Overall, it is expected that competitive rivalry within the industry will remain high throughout the forecast period.
Some of the major players in the AI pharmaceutical market include Alphabet Inc (Isomorphic Labs), Atomwise, Inc., BenevolentAI, Biosymetrics, Cloud Pharmaceuticals, Inc., Deep Genomics, Deargen Inc, Euretos, Exscientia, Insilico Medicine, Cyclica Inc, and InveniAI LLC.
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