Artificial Intelligence (AI) in Life Sciences Market Outlook, Growth Factors, Industry Share, and Size By 2032
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Artificial Intelligence (AI) in Life Sciences Market
Outlook, Growth Factors, Industry Share, Size By 2032 Artificial intelligence (AI) is identified as a highly data-driven technology. In the life sciences industry, it is generally employed in the R&D capabilities to provide meaningful insights from loosely coupled data. Although AI adoption in the life sciences sector is still in its infancy, early adopters are anticipated to benefit most from it as it will help them develop strategic technological skills for acquiring a competitive edge. Various life sciences companies are raising funds to invest in R&D capabilities and provide AI-integrated solutions and offerings in the market. AI technology is increasingly making its way into the public domain through mobile healthcare applications. Mobile application, such as Sensely, stands to be an outstanding example of the commercial success of such applications.
According to Straits Research, the global artificial intelligence (AI) in life sciences market size was valued at USD 2.72 billion in 2023. It is expected to reach USD 27.34 billion in 2032, growing at a CAGR of 29.23% over the forecast period (2024-32).
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Artificial Intelligence (AI) in Life Sciences Market
$27.34
CAGR 29.23%
USD Billion
$2.72
USD Billion
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2023
2032
Artificial Intelligence (AI) in Life Sciences Market Main Market Players Covered in This Report:
A Summary of the Impact of COVID-
ü NuMedii Inc.
19 on this Market:
ü Atomwise Inc. ü IBM Corporation ü AiCure LLC
The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on
ü Nuance Communications Inc.
businesses across industries. However, this too
ü Sensely Inc.
shall pass. Growing support from governments
ü Sophia Genetics SA
and various companies can benefit in the fight
ü Insilico Medicine Inc. ü Enlitic Inc. ü Apixio Inc. ü Zebra Medical Vision ü twoXAR Inc.
against this highly transmissible disease. There are some businesses that are struggling and some are thriving. General, almost every sector is anticipated to be stuck by the pandemic
Artificial Intelligence (AI) in Life Sciences Market The Artificial Intelligence (AI) in Life Sciences Market has been segmented as below: ü By Technology •
Machine Learning (ML)
•
Deep Learning (DL)
•
Natural Language Processing (NLP)
ü By Indication •
Immuno-Oncology
•
Neurodegenerative Diseases
•
Cardiovascular Diseases
•
Metabolic Diseases
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