The Europe Machine Learning in Pharmaceutical Industry Market would witness market growth of 34.1% CAGR during the forecast period (2023-2029).
Machine learning algorithms can assist in identifying the most efficient treatment solutions for individual patients based on their distinctive traits by utilizing vast volumes of patient data and utilizing cutting-edge analytical approaches. Analysis of enormous and intricate data sets, including genomic information, electronic medical records, and patient-reported outcomes, is a key component of machine learning in personalized medicine. This enables more accurate and individualized treatment suggestions by identifying patterns and correlations that human analysts may not have noticed immediately.
Machine learning can also enhance clinical trial design by identifying patient demographics that would be most likely to profit from certain medications. Machine learning algorithms can assist in processing and analyzing this data to find patterns and trends that a traditional statistical approach might miss. Personalized treatment regimens for patients based on their unique traits, such as genetic makeup, lifestyle factors, and medical history, can be created using machine learning. Throughout the projected period, this aspect is anticipated to fuel the market's expansion.
The Swedish government and the Swedish Association of Local Authorities and Regions created an e-Health policy in Sweden in 2016. (SALAR). The Swedish healthcare system includes eHealth in a big way. The annual regional investment in healthcare IT is about $1.22 billion. E-prescriptions are often used, and electronic health records (EHR) systems are extensively adopted (99 percent of all Swedish prescriptions are issued electronically). There are several non-American software and EHR businesses in the hospital and primary care sectors. The number of digital healthcare services—where patients can contact doctors and nurses through smartphone apps—has significantly expanded over the last few years. Thus, these factors are aiding the market to grow in the region.
The Germany market dominated the Europe Machine Learning in Pharmaceutical Industry Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $761.2 million by 2029. The UK market is anticipated to grow at a CAGR of 33% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 35.1% during (2023 - 2029).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Machine Learning in Pharmaceutical Industry Market is Projected to reach USD 11.4 Billion by 2029, at a CAGR of 34.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), NVIDIA Corporation, IBM Corporation, Microsoft Corporation, Cyclica, Inc., BioSymetrics Inc., Cloud Pharmaceuticals, Inc., Deep Genomics Incorporated and Atomwise, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Mode
By Organization size
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet, Inc.)
- NVIDIA Corporation
- IBM Corporation
- Microsoft Corporation
- Cyclica, Inc.
- BioSymetrics Inc.
- Cloud Pharmaceuticals, Inc.
- Deep Genomics Incorporated
- Atomwise, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Machine Learning in Pharmaceutical Industry Market, by Component
1.4.2 Europe Machine Learning in Pharmaceutical Industry Market, by Deployment Mode
1.4.3 Europe Machine Learning in Pharmaceutical Industry Market, by Organization size
1.4.4 Europe Machine Learning in Pharmaceutical Industry Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Sep – 2023, Mar) Leading Players
Chapter 4. Europe Machine Learning in Pharmaceutical Industry Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode
5.1 Europe Cloud Market by Country
5.2 Europe On premise Market by Country
Chapter 6. Europe Machine Learning in Pharmaceutical Industry Market by Organization size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Machine Learning in Pharmaceutical Industry Market by Country
7.1 Germany Machine Learning in Pharmaceutical Industry Market
7.1.1 Germany Machine Learning in Pharmaceutical Industry Market by Component
7.1.2 Germany Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.1.3 Germany Machine Learning in Pharmaceutical Industry Market by Organization size
7.2 UK Machine Learning in Pharmaceutical Industry Market
7.2.1 UK Machine Learning in Pharmaceutical Industry Market by Component
7.2.2 UK Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.2.3 UK Machine Learning in Pharmaceutical Industry Market by Organization size
7.3 France Machine Learning in Pharmaceutical Industry Market
7.3.1 France Machine Learning in Pharmaceutical Industry Market by Component
7.3.2 France Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.3.3 France Machine Learning in Pharmaceutical Industry Market by Organization size
7.4 Russia Machine Learning in Pharmaceutical Industry Market
7.4.1 Russia Machine Learning in Pharmaceutical Industry Market by Component
7.4.2 Russia Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.4.3 Russia Machine Learning in Pharmaceutical Industry Market by Organization size
7.5 Spain Machine Learning in Pharmaceutical Industry Market
7.5.1 Spain Machine Learning in Pharmaceutical Industry Market by Component
7.5.2 Spain Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.5.3 Spain Machine Learning in Pharmaceutical Industry Market by Organization size
7.6 Italy Machine Learning in Pharmaceutical Industry Market
7.6.1 Italy Machine Learning in Pharmaceutical Industry Market by Component
7.6.2 Italy Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.6.3 Italy Machine Learning in Pharmaceutical Industry Market by Organization size
7.7 Rest of Europe Machine Learning in Pharmaceutical Industry Market
7.7.1 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Component
7.7.2 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.7.3 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Organization size
Chapter 8. Company Profiles
8.1 NVIDIA Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Google LLC (Alphabet, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Cyclica, Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.6 BioSymetrics, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 Deep Genomics Incorporated
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.8 Atomwise, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Cloud Pharmaceuticals, Inc.
8.9.1 Company Overview
TABLE 1 Europe Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 2 Europe Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Learning in Pharmaceutical Industry Market
TABLE 4 Product Launches And Product Expansions– Machine Learning in Pharmaceutical Industry Market
TABLE 5 Acquisition and Mergers– Machine Learning in Pharmaceutical Industry Market
TABLE 6 Europe Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 7 Europe Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 8 Europe Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Services Market by Country, 2023 - 2029, USD Million
TABLE 12 Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 13 Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 14 Europe Cloud Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Cloud Market by Country, 2023 - 2029, USD Million
TABLE 16 Europe On premise Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe On premise Market by Country, 2023 - 2029, USD Million
TABLE 18 Europe Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 19 Europe Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 20 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 22 Europe SMEs Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe SMEs Market by Country, 2023 - 2029, USD Million
TABLE 24 Europe Machine Learning in Pharmaceutical Industry Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Machine Learning in Pharmaceutical Industry Market by Country, 2023 - 2029, USD Million
TABLE 26 Germany Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 27 Germany Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 28 Germany Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 29 Germany Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 30 Germany Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 31 Germany Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 32 Germany Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 33 Germany Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 34 UK Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 35 UK Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 36 UK Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 37 UK Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 38 UK Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 39 UK Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 40 UK Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 41 UK Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 42 France Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 43 France Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 44 France Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 45 France Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 46 France Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 47 France Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 48 France Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 49 France Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 50 Russia Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 51 Russia Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 52 Russia Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 53 Russia Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 54 Russia Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 55 Russia Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 56 Russia Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 57 Russia Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 58 Spain Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 59 Spain Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 60 Spain Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 61 Spain Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 62 Spain Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 63 Spain Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 64 Spain Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 65 Spain Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 66 Italy Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 67 Italy Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 68 Italy Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 69 Italy Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 70 Italy Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 71 Italy Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 72 Italy Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 73 Italy Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 74 Rest of Europe Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 75 Rest of Europe Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 76 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 77 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 78 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 79 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 80 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 81 Rest of Europe Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 82 Key Information – NVIDIA Corporation
TABLE 83 Key information – IBM Corporation
TABLE 84 key information – Microsoft Corporation
TABLE 85 Key Information – Google LLC
TABLE 86 Key Information – Cyclica, Inc.
TABLE 87 Key Information – BioSymetrics, Inc.
TABLE 88 Key Information – Deep Genomics Incorporated
TABLE 89 Key Information – Atomwise, Inc.
TABLE 90 Key Information – Cloud Pharmaceuticals, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Sep – 2023, Mar) Leading Players
FIG 5 Recent strategies and developments: NVIDIA Corporation
FIG 6 SWOT Analysis: NVIDIA Corporation
FIG 7 Recent strategies and developments: IBM Corporation
FIG 8 Swot analysis: IBM Corporation
FIG 9 SWOT Analysis: Microsoft Corporation
FIG 10 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 11 Recent strategies and developments: Cyclica, Inc.
FIG 12 Recent strategies and developments: BioSymetrics, Inc.