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Home Technology Artificial Intelligence

AI in Drug Discovery Market Growth and Challenges: Forecast Study 2030

The growing AI in drug discovery market is driven by the increasing amount of data in drug development. However, restraints such as reevaluating priorities may slow down progress. Europe is seeing collaboration between academia and industry to foster innovation.

by Lilu Anderson
Wed, Mar 6, 2024 7:23pm
in Artificial Intelligence
• 2 mins read
14.7k
AI in Drug Discovery Market Growth and Challenges: Forecast Study 2030 | FinOracle

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Artificial Intelligence in Drug Discovery Market Set to Reach $11.15 Billion by 2030

The Artificial Intelligence (AI) in Drug Discovery Market is experiencing significant growth, projected to reach $11.15 billion by 2030, according to a recent report. The market, valued at $722.3 million in 2022, is expected to grow at a compound annual growth rate (CAGR) of 40.8% during the forecast period from 2023 to 2030.

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