Global Artificial Intelligence in Life Sciences Market 2021 is expected to register a CAGR of 30%, during forecast period with Impact of Covid 19 Analysis

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Global “Artificial Intelligence in Life Sciences Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Artificial Intelligence in Life Sciences in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Artificial Intelligence in Life Sciences Market report categorizes the market based on manufacturers, regions, type, and application. Artificial Intelligence in Life Sciences Market reports offer a detailed assessment of the Artificial Intelligence in Life Sciences including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Artificial Intelligence in Life Sciences market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Artificial intelligence in life sciences market is expected to grow at a CAGR of over 30% during the forecast period (2018 – 2023).

Artificial Intelligence (AI) is a highly data-driven technology that is capable of making complex decisions almost in level with human intellectual capabilities. In the life sciences sector, it is often employed to make meaningful relations from loosely coupled data. With the advent of the third wave of AI, it is estimated that advanced AI solutions in the current market scenario can learn and evolve as they are being used. Further, the penetration of AI life sciences solutions into the mobile application sector is expected to be the prime driver of AI solutions in the near future.

While the tremendous demand for Artificial Intelligence in life sciences applications such as drug discovery and patient monitoring are opening up new opportunities, concerns over layoffs and unemployment and high initial costs involved with AI technology could potentially restrain the growth in the market. Owing to high foreign investments in the pharmaceutical sector, Asia Pacific countries are expected to witness the most substantial growth for AI solutions over the forecast period.

Clinical Trials to Provide Immense Opportunities

Clinical Trails are data-intensive tasks that need continuous patient monitoring and generate vast sets of data every day. Subjecting these data sets to intelligent AI algorithms can help the researchers to filter 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.

Further, the increasing number of clinical trials all over the globe is producing colossal amounts of data that is available in the public domain. This is helping encouraging many research institutes to prefer AI over traditional software solutions so that they can obtain specific results from data available in the public domain without having to repast the entire trial procedure. According to the International Clinical Trials Registry Platform database, maintained by World Health Organization (WHO), more than 25556 cases were registered (135 growth when compared to 2016). Over the forecast period, these numbers are expected to increase by at least 11%, creating new opportunities for AI in clinical trials applications.

Asia-Pacific to be the Fastest Growing Artificial Intelligence in Life Sciences Market

The demand for Artificial intelligence in the life sciences sector of Asia Pacific region is majorly found in the drug discovery and clinical trials applications. As countries like India, China, Malaysia, and Indonesia are increasingly becoming global centers for medical tourism foreign investment in the sector is increasing rapidly. In case of India, the government has undertaken several initiatives to encouraging public-private partnerships (PPPs) in pharmaceutical R&D projects and is increasingly investing in medical infrastructure.

Simultaneously, in China, the government has pledged to create an industrial scale of medical services by 2021, which includes inception of a new digital health trail for all citizens in the country. Over the forecast period, in China alone, more than a 100 medical data demonstration centers are expected to be established which enable sharing of health and medical data resources. This scenario is likely to accelerate the use of artificial intelligence applications in the life sciences industry of the region, leading to essential opportunities for AI, especially in clinical research and medical equipment sectors.

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The global Artificial Intelligence in Life Sciences market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Artificial Intelligence in Life Sciences Market Report covers the Top Key-players in 2021:-

  • IBM Corporation
  • AiCure
  • LLC
  • NuMedii
  • Inc.
  • twoXAR
  • Inc.
  • Atomwise Inc.
  • Lifegraph Limited
  • Cyrcadia Health Inc
  • Zebra Medical Vision
  • APIXIO
  • Inc.
  • Enlitic
  • Inc.
  • Insilico Medicine
  • Inc.
  • Numerate
  • Inc.
  • Sophia Genetics SA
  • Sensely Inc.

Highlighted points of Artificial Intelligence in Life Sciences Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Artificial Intelligence in Life Sciences Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Artificial Intelligence in Life Sciences? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Artificial Intelligence in Life Sciences Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Artificial Intelligence in Life Sciences Market? What Was Capacity, Production Value, Cost and PROFIT of Artificial Intelligence in Life Sciences Market?
  • What Is Current Market Status of Artificial Intelligence in Life Sciences Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Artificial Intelligence in Life Sciences Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Artificial Intelligence in Life Sciences Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Artificial Intelligence in Life Sciences Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Artificial Intelligence in Life Sciences Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Artificial Intelligence in Life Sciences Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Artificial Intelligence in Life Sciences Industry?

Key Developments in the Artificial Intelligence in Life Sciences Market: in Artificial Intelligence in Life Sciences Market

  • February 2018 – Medtronic Plc., a prominent medical devices company based in Ireland, launched its AI-based Sugar.IQ diabetes management app, which is powered by IBM Watson Health. Watson is expected to provide capabilities to the app that evaluates user’s blood sugar levels in response to variables such as food intake and insulin dosing

    Reasons to Purchase Artificial Intelligence in Life Sciences Market Report

  • Current and future artificial intelligence in life sciences market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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    Finally, the report Global Artificial Intelligence in Life Sciences Market 2021 describes the Artificial Intelligence in Life Sciences industry expansion game plan, the Artificial Intelligence in Life Sciences industry knowledge supply, appendix, analysis findings, and the conclusion.

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