Artificial Intelligence in Life Sciences Market Growing Trends, Insights and Growth Outlook 2020 to 2025

The Artificial Intelligence in Life Sciences Market – Growth, Trends, and Forecasts (2020 – 2025), offers an in-depth evaluation of each crucial aspect of the Global Artificial Intelligence in Life Sciences industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Artificial Intelligence in Life Sciences market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Artificial Intelligence in Life Sciences Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.

The Artificial Intelligence In Life Sciences Market was valued at USD 1092.44 million in 2019 and is expected to reach USD 3445.60 million by 2025, at a CAGR of 21.1% over the forecast period 2020 – 2025.

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Global Major Players in Artificial Intelligence in Life Sciences Market are:
IBM Corporation, AiCure LLC, NuMedii Inc., twoXAR Inc., Atomwise Inc., Lifegraph, Cyrcadia Health Inc., Zebra Medical Vision, APIXIO Inc., Enlitic Inc., Insilico Medicine Inc., Numerate Inc., Sophia Genetics SA, Sensely Inc.,
and Other.

Key Market Trends:

Clinical Trails to Hold Significant Share

Clinical trials are one of the most data-intensive tasks in the life sciences industry. They generate vast sets of data every day monitoring several variables of a patient under observation. Subjecting these data sets to intelligent AI algorithms can help the researchers to screen meaningful correlation even between loosely coupled data.

This is encouraging many pharmaceutical companies and clinical research organizations to invest in technologies, like artificial intelligence. In the current market scenario, rapid adoption of AI is widely seen in the pharmaceutical sector, who are responsible for almost 50% of the clinical trials conducted globally every year.

Novartis claims that the deployment of QuantamBlack’s solutions has reduced patient enrolment times by 10-15%. Additionally, as of March 2018, the company has entered a partnership with IBM to make use of IBMs AI platform, IBM-Watson, to improve clinical trial recruitment, and make use of intelligent AI algorithms to predict medication efficacy.

Such initiatives are encouraging many companies to invest in AI solutions tailor-made for clinical trials. Many prominent companies, such as GlaxoSmithKline, Sanofi, Pfizer Mitsubishi Tanabe Pharma, and Genentech among others, are investing in AI-based clinical trails startups and solutions to make clinical trials more affordable.

Influence of the Artificial Intelligence in Life Sciences Market report:
–Comprehensive assessment of all opportunities and risks in the Artificial Intelligence in Life Sciences Market.
–Artificial Intelligence in Life Sciences Market recent innovations and major events.
–A detailed study of business strategies for the growth of the Artificial Intelligence in Life Sciences Market market-leading players.
–Conclusive study about the growth plot of Artificial Intelligence in Life Sciences Market for forthcoming years.
–In-depth understanding of Artificial Intelligence in Life Sciences Market, market-particular drivers, constraints, and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Artificial Intelligence in Life Sciences Market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Artificial Intelligence in Life Sciences Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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