AI for Drug Discovery: The Future of Pharmaceuticals Industry
Drug discovery is the preliminary step in the process of a
novel drug identification and its therapeutic target. Artificial intelligence
(AI) is commonly used in the healthcare industry for drug discovery. Artificial
intelligence technology has the ability to recognize drug targets, and play a
significant role in drug design, discovery, identification and screening of
molecules instantly and effectively. Drug discovery or new drug target are
being estimated based on potency, bioavailability, efficacy, and toxicity.
Some of the Leading
Key Players Influencing this Study Include, Atomwise, Inc., Insilico Medicine, BIOAGE, Numerate, NuMedii, Inc., Envisagenics, Cloud Pharmaceuticals, Inc., BenevolentAI, twoXAR, Incorporated, Exscientia among the others.
The market payers from AI for drug discovery market are
anticipated to lucrative growth opportunities in the future with the rising
demand for AI for drug discovery in the global market. Below mentioned is the
list of few companies engaged in the AI for drug discovery market.
The report analyzes factors affecting AI for drug discovery
market from both demand and supply side and further evaluates market dynamics
effecting the market during the forecast period i.e., drivers, restraints,
opportunities, and future trend. The report also provides exhaustive PEST
analysis for all five regions namely; North America, Europe, APAC, MEA and
South & Central America after evaluating political, economic, social and
technological factors effecting the AI for drug discovery market in these
regions.
The report also includes the profiles of key AI for drug
discovery market companies along with their SWOT analysis and market strategies.
In addition, the report focuses on leading industry players with information
such as company profiles, components and services offered, financial
information of last 3 years, key development in past five years.
The reports cover key developments in the AI for drug
discovery market as organic and inorganic growth strategies. Various companies
are focusing on organic growth strategies such as product launches, product
approvals and others such as patents and events. Inorganic growth strategies
activities witnessed in the market were acquisitions, and partnership &
collaborations. These activities have paved way for expansion of business and
customer base of market players.
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