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Global AI-Enabled Biologics Drug Discovery Market Research Report Analysis and Forecast by 2030

02-02-2024 04:21 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: VynZ Research

AI-Enabled Drug Discovery And Clinical Trials Market

AI-Enabled Drug Discovery And Clinical Trials Market

The Global AI-Enabled Biologics Drug Discovery Market is valued at USD 356.43 Billion at the end of 2023 and is projected to register an 7.5% CAGR to top a valuation of USD 615.38 Billion during the forecast period from 2025 to 2030.

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Biological drugs are produced by genetic engineering and are composed of proteins that are taken from human genes. The disease-modifying antirheumatic medicines (DMARDs) which are made from living organisms or contain living organism components are known as biological drugs. Biological drugs are produced using complex methods and Advanced biotechnology techniques. Rising numbers of chronic diseases and their early diagnosis, growing government initiatives and increased availability of advanced diagnostics are expected to uplift the AI-Enabled biological drugs market growth.

Due to the fall in small molecule medication research and development productivity, biologics are expected to grow dramatically in the near future. An increase in the frequency of chronic diseases & their diagnosis and the increase in the technological advancements is the major aspect for the growth of the market. The pharmaceutical companies are working on a variety of biologic medications in order to maintain their market dominance. Also, researchers are looking toward species and expression systems that have the potential to be more productive.

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Integration of biosimilars in the industry are highly approved materials that are similar to biologics. The reduced profit margins for biologics are observed to shift the focus towards biosimilars. This acts as the major restraint for the market. High development cost is another restraint for Biologics AI-Enabled Drug Discovery Market. This factor can limit manufacturers from entering into the business which hampers the growth of the market. Lack of coordination among regulatory agencies from different countries may also create a challenge for the growth of the market.

Key Players
Major key players of The Global AI-Enabled Biologics Drug Discovery Market are GenScript, Roche, Pfizer, Novartis, Sanofi, Merck, GlaxoSmithKline, AstraZeneca, AbbVie, Amgen, Bristol-Myers Squibb, Novo Nordisk, Allergan, Astellas Pharma, Teva Pharmaceutical Industries.

Browse Complete Global AI-Enabled Biologics Drug Discovery Market Report Details with Table of Contents and List of Figures Click Here: https://www.vynzresearch.com/healthcare/ai-enabled-drug-discovery-and-clinical-trials-market

Market Segmentation
• By Source Type
• By Product Type
• By Indication Type
• By Manufacturing Type

Based on source type, the Global AI-Enabled Biologics Drug Discovery Market is segregated into microbial, mammalian and others. The mammalian segment is predicted to develop at the quickest rate in the future years. Platelet derived growth factor, recombinant insulin, and recombinant interferon are some of the products that have been generated using these expression systems.

On the basis of product type, the Global AI-Enabled Biologics Drug Discovery Market is segmented into Monoclonal Antibodies (MAbs), vaccines, antisense, RNAi & molecular therapy, recombinant proteins and others. The monoclonal antibodies (MABs) segment dominated the biologics market, due to the increased use of this class of pharmaceuticals in several therapeutic areas with the biggest revenue share.

On the basis of indication type, the Global AI-Enabled Biologics Drug Discovery Market is segregated into Oncology, immunological disorders, cardiovascular disorders, hematological disorders and others. The oncology segment dominated the biologics market as it attributed to the increased incidence of cancer combined with the presence of many research and development programs.

On the basis of manufacturing type, the Global AI-Enabled Biologics Drug Discovery Market is bifurcated into outsourced and in-house. In-house manufacturing dominated the Global AI-Enabled Biologics Drug Discovery Market due to cost constraint.

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Geographic Segmentation:
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Russia, Italy and rest of Europe)
• Asia Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa and Rest of Middle East and Africa)

Geographically, the Global AI-Enabled Biologics Drug Discovery Market is segmented into North America, Europe, Asia Pacific& Japan, Latin America and Middle East and Africa. North America segment dominates the market due to the presence of a number of well-established players in this region. Also, a larger revenue share is the aspect to higher demand for disease treatment items.

What you can expect from this Global AI-Enabled Biologics Drug Discovery Market report:
1. Complete overview of various regional distribution and popular product overview types of the Global AI-Enabled Biologics Drug Discovery Market.
2. Information about production costs, product costs, and production costs for the next few years will help revise the industry's growing database.
3. This is an overall evaluation of the shoot for new companies wishing to enter the Global AI-Enabled Biologics Drug Discovery Market.
4. How exactly do large and medium-sized enterprises benefit from marketplaces?
5. Global AI-Enabled Biologics Drug Discovery Market Complete study of overall developments within the market. It helps you choose product launches and see growth.

Latest News Updates
In recent times, AbbVie and Umoja Biopharma, a clinical-stage biotechnology company, entered into two agreements to develop multiple in-situ generated CAR-T cell therapy candidates in oncology using Umoja's VivoVec platform. The first agreement provides AbbVie an exclusive option to license Umoja's CD19 directed in-situ generated CAR-T cell therapy candidates, including UB-VV111, Umoja's lead clinical program for hematologic malignancies currently at the IND-enabling phase. Under the second agreement, AbbVie and Umoja will develop up to four additional in-situ generated CAR-T cell therapy candidates for discovery targets selected by AbbVie.

Lately, GSK plc entered into an agreement to acquire Aiolos Bio, Inc., a clinical-stage biopharmaceutical company focused on treatments for certain respiratory and inflammatory conditions. The acquisition provides GSK with access to Aiolos' AIO-001, a potential best-in-class, long-acting anti-thymic stromal lymphopoietin (TSLP) monoclonal antibody ready to enter phase II development for the treatment of asthma, with potential for additional indications including chronic rhinosinusitis with nasal polyps.

Browse more related research report:
Wound Care Biologics Market: https://www.vynzresearch.com/healthcare/wound-care-biologics-market
Molecular Biology Enzymes And Kits Market: https://www.vynzresearch.com/healthcare/molecular-biology-enzymes-and-kits-market

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VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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