The global AI in clinical trials market was valued at USD 1.80 Billion in 2023, driven by rising requirements to overcome data limitations across the globe. It is expected to grow at a CAGR of 14.00% during the forecast period 2024-2032, and attain a market value of USD 5.85 Billion by 2032.
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Historical Year
Forecast Year
AI technology, combined with big data, can tackle major obstacles in clinical trials by processing and examining large volumes of data. AI and advanced analytics can enhance productivity in clinical R&D by merging trial phases, developing patient-focused endpoints, and examining real world data. Increased participation of AI in drug research and development is expected to fuel market growth. Additionally, the market is impacted by the increasing emphasis on diversity and inclusivity.
Artificial Intelligence (AI) in Drug Research and Development to Drive Market Growth
Advancements in technology and artificial intelligence are driving growth in the field of drug research and development. A July 2024 update demonstrates how AI and data analytics are reducing time and costs for introducing medications to the market, improving efficiency in clinical trials, managing data complexities, and optimizing technological investments in the biopharmaceutical industry.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Phase
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Market Segmentation Based on the Application to Witness Growth
Based on the application, the market for AI in clinical trials is segmented into oncology, neurology diseases, cardiological diseases, infectious diseases, immunological diseases, and others. The infectious disease segment is expected to dominate the market share as AI allows for the effective processing and analysis of complex data sets, helping researchers gain new insights and make defensible conclusions in clinical studies.
Based on region, the market report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America, especially the United States, is at the forefront of AI innovation and technology, leading the AI in clinical trials market. This dominance is driven by the presence of major IT companies, educational institutions, and new startups dedicated to developing and advancing AI technologies for various sectors.
The key features of the market report include patent analysis, grant analysis, funding, and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Unlearn.AI is a healthcare AI company that develops AI to speed up drug development and remove trial and error in medicine using digital twins.
Saama, is a consulting and systems integration firma platform for clinical analytics powered by AI, presents G...
Antidote is a digital health company that employs artificial intelligence and digital technologies to improve ...
Phesi, a United States-based company specializing in data infrastructure and analytics for clinical trials, pr...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Deep6.ai, Innoplexus, Intelligencia AI, Median Technologies, and Consilx.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Phase |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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