AI In Life Science Analytics Market To Reach $4.84 Billion By 2033

AI In Life Science Analytics Market Growth & Trends

The global AI in life science analytics market size is anticipated to reach USD 4.84 billion by 2033 and is projected to grow at a CAGR of 10.64% from 2025 to 2033. According to a new report by Grand View Research, Inc. Key factors driving market growth include the increase in clinical trials, drug discovery, and a growing focus on rare diseases. In addition, advancements in deep learning and artificial intelligence are significantly contributing to market expansion. Rapid developments in AI within the healthcare sector and the increasing adoption of these tools by healthcare institutions to streamline workflows are anticipated to be major growth drivers. For example, in February 2024, Trinity, a global leader in life sciences commercialization, launched 'Brand Insights AI.' This new tool facilitates the development, sharing, and refinement of insights across biopharmaceutical brand research. Developed by experts with extensive technical and life sciences expertise, it enables insights and analytics teams to efficiently address brand-related questions.

“GenAI is poised to revolutionize how insights leaders harness the collective power of all their research investments to make quick, informed decisions. The deep investments Trinity has made in the latest AI innovations allow us to put the power in the hands of our clients to efficiently unearth insights from trusted past research. Brand Insights AI represents the intersection of AI and our biopharma-specific market research expertise, combined to supercharge a brand’s insights.”

-Senior Partner and Head of Insights at Trinity

Artificial intelligence is used improve supply chain, validate genetic targets and create novel compounds. The tools are used to enhance clinical trials and improve operational efficiencies while controlling the costs of the processes which is expected to positively contribute to the market growth.

Rising demand for correct and accurate diagnosis of diseases among the population is expected to drive the demand for the adoption of these models. Moreover, companies such as IBM, DeepMind and P1vital Products are working towards development of solutions for accurate diagnosis of diseases such as cancer, central nervous system disorders which is projected to boost the market growth. Moreover, with AI models the drug discovery and development process can be fast tracked which is expected to contribute to the market growth.

COVID-19 pandemic has shown positive impact on adoption of technologically advanced tools in life sciences, thereby boosting the growth of the market. The amount of data generated every day by research and development is unfathomable; thus, AI plays an important role in interpreting data, assisting in the analysis and drawing of relevant information more quickly.AI offers reliable and big data in life science, assisting companies in revamping business model and streamlining biopharma manufacturing.

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AI In Life Science Analytics Market Report Highlights

• Based on deployment, the cloud segment led the market with the largest revenue share of 51.56% in 2024.

• Based on component, the services segment led the market with the largest revenue share of 42.32% in 2024 and is also anticipated to grow at the fastest CAGR during the forecast period.

• Based on application, the sales and marketing segment led the market with the largest revenue share of 32.8% in 2024

• Based on end use, the pharmaceutical companies segment led the market with the largest revenue share of 45.93% in 2024

• North America AI in life science analytics industry dominated globally with the largest revenue share of 49.86% in 2024

AI In Life Science Analytics Market Segmentation

Grand View Research has segmented the global AI in life science analytics market on the basis of deployment, component, application, end use, and region:

AI In Life Science Analytics Deployment Outlook (Revenue, USD Million, 2021 - 2033)

• On-premises

• Cloud-based

AI In Life Science Analytics Component Outlook (Revenue, USD Million, 2021 - 2033)

• Hardware

• Software

• Services

AI In Life Science Analytics Application Outlook (Revenue, USD Million, 2021 - 2033)

• Research and Development

• Sales and Marketing Support

• Supply Chain Analytics

• Others

AI In Life Science Analytics End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Medical Device Companies

• Pharmaceutical Companies

• Biotechnology Companies

• Others

AI In Life Science Analytics Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

  • Sweden

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of AI In Life Science Analytics Market

• Inovalon

• Indegene

• Lexalytics

• Databricks

• SAS Institute, Inc.

• IQVIA

• IBM

• Sorcero

• Axtria