India Artificial Intelligence In Drug Discovery Market Size & Outlook
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India artificial intelligence in drug discovery market highlights
- The India artificial intelligence in drug discovery market generated a revenue of USD 49.9 million in 2023 and is expected to reach USD 372.9 million by 2030.
- The India market is expected to grow at a CAGR of 33.3% 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.
Artificial intelligence in drug discovery market data book summary
| Market revenue in 2023 | USD 49.9 million |
| Market revenue in 2030 | USD 372.9 million |
| Growth rate | 33.3% (CAGR from 2024 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | Infectious Disease |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 3.4% of the global artificial intelligence in drug discovery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence in drug discovery market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 808.8 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 |
India 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 22.44% in 2023. Horizon Databook has segmented the India 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.
Advancements in digital healthcare are expected to drive the demand for these services in India. The Indian government is undertaking various initiatives to implement AI in its healthcare system.
For instance, in July 2020, the Union Government of India launched the Drug Discovery Hackathon 2020 (DDH2020) to support drug discovery process participation from faculty, researchers, professionals, and students from different fields, including chemistry, computer science, pharmacy, basic sciences, medical sciences, & biotechnology.
DDH2020 was a joint initiative by the All India Council for Technical Education (AICTE), MHRD’s Innovation Cell (MIC), & Council of Scientific and Industrial Research (CSIR) and supported by MyGov, Centre for Development of Advanced Computing (CDAC), & private players.
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Target buyers of India 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 country-level data and insights on the India artificial intelligence in drug discovery market , including forecasts for subscribers. This country databook contains high-level insights into India artificial intelligence in drug discovery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India artificial intelligence in drug discovery market size, by application, 2018-2030 (US$M)
India Artificial Intelligence in Drug Discovery Market Outlook Share, 2023 & 2030 (US$M)
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