Pharmaceutics: To what extent is AI reshaping the pharmaceutical industry?
- Ksenia LOBANOVA
- 17 mai
- 1 min de lecture
About
Key figures of the market
The pharmaceutical industry is showing signs of steady growth as its CAGR is expected to grow by 6.19% between 2024 and 2028. Whereas AI had a groundbreaking year in 2023 with the CAGR for the global AI market expected to grow a staggering 15.83% between 2024 and 2030. Additionally, the global market for AI in drug discovery is expected to increase from US$1.5 billion in 2023 to approximately US$13 billion by 2032, with a CAGR of 33.6% from 2022 to 2027. In 2022 data breaches in the pharmaceutical industry cost on average US$5.02 million.
As of 2023, the total global spending in R&D has reached US$262 billion.
Discover our full study below to explore the dynamics of the pharmaceutical sector and the strategies for navigating it as AI reshapes the industry.
Download the full study:
This study was carried out by our consultant Adam Benyezzar. Get in touch with him if you would like more details on their analysis of the market.
