The Artificial Intelligence (AI) in Biotechnology market is projected to experience significant growth from 2024 to 2031, with an estimated value of USD 2.10 billion in 2024, expected to reach USD 7.11 billion by 2031. This represents a compound annual growth rate (CAGR) of 19% during this period.
The latest market report by CMI titled “Global Artificial Intelligence (AI) in Biotechnology Market 2024, Growth Opportunities, and Forecast” offers valuable insights into the Healthcare IT industry. The report includes demand analysis, industry insights, competitive intelligence, and a customer database.
The research report provides a comprehensive analysis of the market, including insights on future trends, growth factors, supplier landscape, demand landscape, pricing analysis, and various business matrices such as Porters Five Forces Analysis, PESTLE Analysis, and Value Chain Analysis.
AI in biotechnology offers key opportunities in various areas:
1. Increased Accuracy of Diagnostics: AI algorithms enhance disease diagnosis accuracy, leading to early detection and improved patient outcomes.
2. Personalized Therapies: AI and machine learning enable precision medicine by matching the right treatment to individual patient profiles and genomic data.
3. Drug Discovery Revolution: AI accelerates drug development processes, reducing costs and time to market.
4. Advanced Genomic Analytics: AI solutions revolutionize genetic research by enabling faster, more sophisticated analysis of vast genomic and biomedical datasets.
5. Integrated Healthcare Systems: AI plays a crucial role in integrating diagnostics, research, clinical decision-making, and personal health monitoring to create advanced healthcare delivery models.
The report offers detailed segmentation and classification based on components, applications, end-users, regions, and countries. It covers key players in the market, including AstraZeneca, Bristol-Myers Squibb, Gilead Sciences Inc., and others.
In-depth analysis of the market includes qualitative and quantitative insights for regions and countries such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report answers important questions such as growth rate projections, market size, key driving forces, major market vendors, emerging trends, threats, challenges, and opportunities.
Key insights from the report include regional consumption trends, opportunities and threats for suppliers, fastest-growing regions and sectors, competitive environment analysis, and corporate profiles of key market players.
For more information and to access the full report, interested stakeholders can request a sample from the provided link. Coherent Market Insights is a global market intelligence and consulting organization known for its actionable insights and authentic reports in various industries. Contact information for sales inquiries is provided for further details.