Artificial Intelligence (AI) in Drug Discovery Industry to Generate Revenues of $13.5 Billion in 2030 - Growing Use of AI for Drug Repurposing Expands Opportunities in Pharmaceutical Devel...
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
billion by 2030, at a compound annual growth rate (CAGR) of 26.4%. The market is driven by technological advancements, the need for cost-effective and efficient drug development, and the rise of complex diseases. Key drivers include the advancement of computational power and cloud-based platforms, the increasing need for personalized medicine, and regulatory support for AI applications in drug discovery. The Oncology Therapeutic Area segment is expected to reach $3 billion by 2030, while the Neurodegenerative Diseases segment is set to grow at a CAGR of 24% over the analysis period. The US and China are expected to be key markets, with China forecasted to grow at a CAGR of 25.7% to reach $2.1 billion by 2030. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Company Logo Presents
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