Insights on the Artificial Intelligence for Drug Discovery and Development Global Market to 2027 - AI Cloud to Create a Streamlined and Automated Approach in Drug Discovery
DUBLIN, Aug. 18, 2022 /PRNewswire/ -- The "Global Artificial Intelligence for Drug Discovery and Development Market (2022-2027) by Offering, Application, End User, Technology, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Artificial Intelligence for Drug Discovery and Development Market is estimated to be USD 1.22 Bn in 2022 and is expected to reach USD 4.8 Bn by 2027, growing at a CAGR of 31.54%.
There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Aria Pharmaceuticals Inc, Atomwise Inc., BenevolentAI, BioSymetrics, Cloud Pharmaceuticals, etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report presents a detailed Ansoff matrix analysis for the Global Artificial Intelligence for Drug Discover and Development Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification.
The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the Global Artificial Intelligence for Drug Discovery and Development Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
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SOURCE Research and Markets