According to some estimates, the global market for artificial intelligence-based solutions in clinical trials will exceed seven billion U.S. dollars by 2030. Compared to around 1.3 billion dollars in 2021, that would be a compound annual growth rate of over 20 percent. The implementation of AI in clinical trials, and before that also in drug discovery, is expected to significantly reduce time and cost in the development phases of new drug candidates.
Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030
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Market size in billion U.S. dollars
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P&S Market Research. (September 19, 2022). Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 09, 2024, from https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/
P&S Market Research. "Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030 (in billion U.S. dollars)." Chart. September 19, 2022. Statista. Accessed September 09, 2024. https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/
P&S Market Research. (2022). Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 09, 2024. https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/
P&S Market Research. "Global Market for Ai-based Solutions in Clinical Trials in 2021 and a Forecast for 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Sep 2022, https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/
P&S Market Research, Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/ (last visited September 09, 2024)
Global market for AI-based solutions in clinical trials in 2021 and a forecast for 2030 (in billion U.S. dollars) [Graph], P&S Market Research, September 19, 2022. [Online]. Available: https://www.statista.com/statistics/1428837/global-ai-based-clinical-trials-solutions-market/
