Asia Pacific Artificial Intelligence In Drug Discovery Market Size & Outlook
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Asia Pacific artificial intelligence in drug discovery market highlights
- The Asia Pacific artificial intelligence in drug discovery market generated a revenue of USD 303.2 million in 2023.
- The market is expected to grow at a CAGR of 32.4% from 2024 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic space in 2023.
- Infectious Disease is the most lucrative therapeutic space segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 303.2 million |
| Market revenue in 2030 | USD 2,165.2 million |
| Growth rate | 32.4% (CAGR from 2024 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | Infectious Disease |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Neurodegenerative Diseases, Cardiovascular Disease, Metabolic Diseases, Infectious Disease, Other |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.6% of the global artificial intelligence in drug discovery market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,165.2 million by 2030.
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Artificial Intelligence in Drug Discovery Market Scope
Artificial Intelligence in Drug Discovery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Insitro | View profile | 101-250 | South San Francisco, California, United States, North America | http://www.insitro.com |
| Atomwise | View profile | 51-100 | San Francisco, California, United States, North America | http://www.atomwise.com |
| BioSymetrics | View profile | 11-50 | New York, New York, United States, North America | http://www.biosymetrics.com |
| Recursion Pharmaceuticals Inc Class A | View profile | 500 | 41 S Rio Grande Street, Salt Lake City,, UT, United States, 84101 | https://www.recursion.com |
| Benevolent AI | View profile | 248 | 4-8 Maple Street, London, United Kingdom, W1T 5HD | https://www.benevolent.com |
| Aitia | View profile | 51-100 | Somerville, Massachusetts, United States, North America | https://www.aitiabio.com/ |
| Insilico Medicine | View profile | 101-250 | Hong Kong, Hong Kong Island, Hong Kong, Asia | http://www.insilico.com |
| Exscientia PLC ADR | View profile | 483 | Oxford Science Park, The Schrodinger Building, Oxford, United Kingdom, OX4 4GE | https://www.exscientia.ai |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Asia Pacific artificial intelligence in drug discovery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence in drug discovery market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 22.43% in 2023. Horizon Databook has segmented the Asia Pacific artificial intelligence in drug discovery market based on oncology, neurodegenerative diseases, cardiovascular disease, metabolic diseases, infectious disease, other covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing patient pool, growing acceptance of cloud computing, and rising number of government programs supporting AI are primary factors expected to drive the market. In addition, increasing number of biopharmaceutical firms are applying AI to modernize the drug discovery process and AI application is found in the field of diagnostics.
For instance, in 2017, China’s Tencent introduced an AI-driven diagnostic medical imaging facility, called AI Medical Innovation System (AIMIS). The technology exhibited 90% and 95% accuracy for initial diagnoses of esophageal & lung cancers, respectively.
In April 2020, Cyclica announced a multiyear & multiproject collaboration with the Genome Institute of Singapore (GIS). The collaboration aims to carry out research efforts extending from polypharmacology profiling to novel compound design for diverse drug discovery programs in oncology & related diseases.
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Target buyers of Asia Pacific artificial intelligence in drug discovery market databook
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Our clientele includes a mix of artificial intelligence in drug discovery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific artificial intelligence in drug discovery market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific artificial intelligence in drug discovery market size, by country, 2018-2030 (US$M)
Asia Pacific Artificial Intelligence in Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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