Product Code: A74504
The global machine learning in pharmaceutical industry market is anticipated to reach $26.2 billion by 2031, growing from $1.2 billion in 2021 at a CAGR of 37.9 % from 2022 to 2031.
Machine learning (ML) in the pharmaceutical industry refers to the use of algorithms and statistical models to analyze data and make predictions or decisions related to drug development, clinical trials, regulatory approval, marketing, and sales.
Machine learning has become increasingly important in the pharmaceutical industry, particularly in the area of clinical trials. With the help of machine learning algorithms, pharmaceutical companies can analyze vast amounts of data and identify patterns. This can be particularly useful in the design of clinical trials, where machine learning can help optimize trial design and patient selection, potentially reducing costs and accelerating the development process. For example, machine learning algorithms can be used to analyze patient data and identify biomarkers that may indicate whether a particular drug is likely to be effective in treating a particular disease.
The regulatory constraints are one of the significant challenges that machine learning faces in the pharmaceutical industry. Machine learning algorithms are considered to be a new technology, and they need to meet strict regulatory requirements before they can be used in pharmaceutical applications. The regulatory authorities, such as the U.S. Food and Drug Administration (FDA), have established strict guidelines for the development and validation of machine learning algorithms. These guidelines require that the algorithms be validated on large and diverse datasets and demonstrate their accuracy, reliability, and safety. The process of validating machine learning algorithms can be time-consuming and costly, making it a challenge for companies to adopt these technologies.
The machine learning has a significant potential in the pharmaceutical industry, particularly in the area of drug safety. With the help of machine learning, it is possible to analyze vast amounts of data and identify patterns that can be used to predict potential safety issues before they occur. This can help pharmaceutical companies to take proactive measures to prevent adverse drug reactions, thereby improving patient safety. Machine learning algorithms can analyze a variety of data sources, including electronic health records, social media, and other sources, to detect adverse drug reactions. These algorithms can identify patterns that might not be apparent to human analysts, allowing pharmaceutical companies to detect potential safety issues before they become widespread.
The COVID-19 pandemic brought about significant changes in the pharmaceutical industry, including an increase in demand for innovative solutions, faster drug development processes, and more efficient supply chain management. Machine learning (ML) is one technology that is playing a crucial role in addressing these challenges and impacting the pharmaceutical industry. ML algorithms can analyze large amounts of data quickly and accurately, providing insights into disease patterns, identifying potential drug targets, and predicting the efficacy of drugs in development. ML has been used extensively in drug discovery and development, including identifying potential COVID-19 treatments and vaccines during the pandemic.
The key players profiled in this report include: Cyclica Inc., BioSymetrics Inc., Cloud Pharmaceuticals, Inc., Deep Genomics, Atomwise Inc., Alphabet Inc., NVIDIA Corporation, International Business Machines Corporation, Microsoft Corporation, and IBM.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the machine learning in pharmaceutical industry market analysis from 2021 to 2031 to identify the prevailing machine learning in pharmaceutical industry market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the machine learning in pharmaceutical industry market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global machine learning in pharmaceutical industry market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
By Enterprise Size
By Deployment
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- cyclica inc.
- BioSymetrics Inc.
- Cloud Pharmaceuticals, Inc.
- Deep Genomics
- Atomwise Inc.
- Alphabet Inc.
- NVIDIA Corporation
- International Business Machines Corporation
- Microsoft Corporation
- IBM
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Market Share Analysis
- 3.8. Patent Landscape
- 3.9. Regulatory Guidelines
- 3.10. Value Chain Analysis
CHAPTER 4: MACHINE LEARNING IN PHARMACEUTICAL INDUSTRY MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Services
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: MACHINE LEARNING IN PHARMACEUTICAL INDUSTRY MARKET, BY ENTERPRISE SIZE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. SMEs
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Large Enterprises
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: MACHINE LEARNING IN PHARMACEUTICAL INDUSTRY MARKET, BY DEPLOYMENT
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Cloud
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. On-premise
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: MACHINE LEARNING IN PHARMACEUTICAL INDUSTRY MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.3. Market size and forecast, by Enterprise Size
- 7.2.4. Market size and forecast, by Deployment
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Component
- 7.2.5.1.3. Market size and forecast, by Enterprise Size
- 7.2.5.1.4. Market size and forecast, by Deployment
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Component
- 7.2.5.2.3. Market size and forecast, by Enterprise Size
- 7.2.5.2.4. Market size and forecast, by Deployment
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Component
- 7.2.5.3.3. Market size and forecast, by Enterprise Size
- 7.2.5.3.4. Market size and forecast, by Deployment
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.3. Market size and forecast, by Enterprise Size
- 7.3.4. Market size and forecast, by Deployment
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Component
- 7.3.5.1.3. Market size and forecast, by Enterprise Size
- 7.3.5.1.4. Market size and forecast, by Deployment
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Component
- 7.3.5.2.3. Market size and forecast, by Enterprise Size
- 7.3.5.2.4. Market size and forecast, by Deployment
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Component
- 7.3.5.3.3. Market size and forecast, by Enterprise Size
- 7.3.5.3.4. Market size and forecast, by Deployment
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Component
- 7.3.5.4.3. Market size and forecast, by Enterprise Size
- 7.3.5.4.4. Market size and forecast, by Deployment
- 7.3.5.5. Italy
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Component
- 7.3.5.5.3. Market size and forecast, by Enterprise Size
- 7.3.5.5.4. Market size and forecast, by Deployment
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Component
- 7.3.5.6.3. Market size and forecast, by Enterprise Size
- 7.3.5.6.4. Market size and forecast, by Deployment
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.3. Market size and forecast, by Enterprise Size
- 7.4.4. Market size and forecast, by Deployment
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Component
- 7.4.5.1.3. Market size and forecast, by Enterprise Size
- 7.4.5.1.4. Market size and forecast, by Deployment
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Component
- 7.4.5.2.3. Market size and forecast, by Enterprise Size
- 7.4.5.2.4. Market size and forecast, by Deployment
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Component
- 7.4.5.3.3. Market size and forecast, by Enterprise Size
- 7.4.5.3.4. Market size and forecast, by Deployment
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Component
- 7.4.5.4.3. Market size and forecast, by Enterprise Size
- 7.4.5.4.4. Market size and forecast, by Deployment
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Component
- 7.4.5.5.3. Market size and forecast, by Enterprise Size
- 7.4.5.5.4. Market size and forecast, by Deployment
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Component
- 7.4.5.6.3. Market size and forecast, by Enterprise Size
- 7.4.5.6.4. Market size and forecast, by Deployment
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.3. Market size and forecast, by Enterprise Size
- 7.5.4. Market size and forecast, by Deployment
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Component
- 7.5.5.1.3. Market size and forecast, by Enterprise Size
- 7.5.5.1.4. Market size and forecast, by Deployment
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Component
- 7.5.5.2.3. Market size and forecast, by Enterprise Size
- 7.5.5.2.4. Market size and forecast, by Deployment
- 7.5.5.3. United Arab Emirates
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Component
- 7.5.5.3.3. Market size and forecast, by Enterprise Size
- 7.5.5.3.4. Market size and forecast, by Deployment
- 7.5.5.4. South Africa
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Component
- 7.5.5.4.3. Market size and forecast, by Enterprise Size
- 7.5.5.4.4. Market size and forecast, by Deployment
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Key market trends, growth factors and opportunities
- 7.5.5.5.2. Market size and forecast, by Component
- 7.5.5.5.3. Market size and forecast, by Enterprise Size
- 7.5.5.5.4. Market size and forecast, by Deployment
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. cyclica inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.2. BioSymetrics Inc.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.3. Cloud Pharmaceuticals, Inc.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.4. Deep Genomics
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.5. Atomwise Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.6. Alphabet Inc.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.7. NVIDIA Corporation
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.8. International Business Machines Corporation
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.9. Microsoft Corporation
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.10. IBM
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot