The Latin America, Middle East and Africa Machine Learning in Pharmaceutical Industry Market would witness market growth of 41.6% CAGR during the forecast period (2023-2029).
The possible applications of machine learning in the preliminary (early-stage) drug development process range from the initial screening of therapeutic compounds to predicting success rates based on biological parameters. Next-generation sequencing is one example of an R&D discovery technology. The cutting edge in this field appears to be precision medicine, which entails discovering the mechanisms underlying "multifactorial" disorders and, in turn, different therapeutic avenues.
Important players in this field are creating precision medicine research which is centered on creating algorithms to understand better disease processes and design for successful treatment of diseases like Type 2 diabetes. With a present focus on developing a strategy to tailor drug combinations for Acute Myeloid Leukemia, they are leveraging ML technologies in numerous endeavors to build AI technology for cancer precision treatment (AML). The time for optimizing ML in bio-manufacturing for pharmaceuticals has come. Pharmaceutical companies can cut costs and enhance replication by using data from experiments or manufacturing processes to speed up the production of medications.
The Saudi Arabian government will continue increasing its health IT spending. This is due to the government's desire to complete programs like the common e-Health card, digital patient records, digital doctor prescriptions, and digital insurance claims. According to industry sources, updating and modernizing the e-Health infrastructure costs $500 million annually, and if funding is available, that amount will likely rise in the following few years. One objective of the NTP is to ensure that 70% of patients have a digital health record by 2020, up from 0%. The growing adoption of technologies like machine learning and AI in the healthcare sector will aid in the growth of machine learning in pharmaceutical industry market to reduce operational costs and provide prescriptions etc., in LAMEA.
The Brazil market dominated the LAMEA 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 $180.7 million by 2029. The Argentina market is experiencing a CAGR of 42.3% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 41.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Machine Learning in Pharmaceutical Industry Market, by Component
1.4.2 LAMEA Machine Learning in Pharmaceutical Industry Market, by Deployment Mode
1.4.3 LAMEA Machine Learning in Pharmaceutical Industry Market, by Organization size
1.4.4 LAMEA 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. LAMEA Machine Learning in Pharmaceutical Industry Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode
5.1 LAMEA Cloud Market by Country
5.2 LAMEA On premise Market by Country
Chapter 6. LAMEA Machine Learning in Pharmaceutical Industry Market by Organization size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA SMEs Market by Country
Chapter 7. LAMEA Machine Learning in Pharmaceutical Industry Market by Country
7.1 Brazil Machine Learning in Pharmaceutical Industry Market
7.1.1 Brazil Machine Learning in Pharmaceutical Industry Market by Component
7.1.2 Brazil Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.1.3 Brazil Machine Learning in Pharmaceutical Industry Market by Organization size
7.2 Argentina Machine Learning in Pharmaceutical Industry Market
7.2.1 Argentina Machine Learning in Pharmaceutical Industry Market by Component
7.2.2 Argentina Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.2.3 Argentina Machine Learning in Pharmaceutical Industry Market by Organization size
7.3 UAE Machine Learning in Pharmaceutical Industry Market
7.3.1 UAE Machine Learning in Pharmaceutical Industry Market by Component
7.3.2 UAE Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.3.3 UAE Machine Learning in Pharmaceutical Industry Market by Organization size
7.4 Saudi Arabia Machine Learning in Pharmaceutical Industry Market
7.4.1 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Component
7.4.2 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.4.3 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Organization size
7.5 South Africa Machine Learning in Pharmaceutical Industry Market
7.5.1 South Africa Machine Learning in Pharmaceutical Industry Market by Component
7.5.2 South Africa Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.5.3 South Africa Machine Learning in Pharmaceutical Industry Market by Organization size
7.6 Nigeria Machine Learning in Pharmaceutical Industry Market
7.6.1 Nigeria Machine Learning in Pharmaceutical Industry Market by Component
7.6.2 Nigeria Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.6.3 Nigeria Machine Learning in Pharmaceutical Industry Market by Organization size
7.7 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market
7.7.1 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Component
7.7.2 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode
7.7.3 Rest of LAMEA 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 LAMEA Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 7 LAMEA Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 8 LAMEA Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Services Market by Country, 2023 - 2029, USD Million
TABLE 12 LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 13 LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 14 LAMEA Cloud Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Cloud Market by Country, 2023 - 2029, USD Million
TABLE 16 LAMEA On premise Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA On premise Market by Country, 2023 - 2029, USD Million
TABLE 18 LAMEA Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 19 LAMEA Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 20 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 22 LAMEA SMEs Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA SMEs Market by Country, 2023 - 2029, USD Million
TABLE 24 LAMEA Machine Learning in Pharmaceutical Industry Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Machine Learning in Pharmaceutical Industry Market by Country, 2023 - 2029, USD Million
TABLE 26 Brazil Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 27 Brazil Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 28 Brazil Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 29 Brazil Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 30 Brazil Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 31 Brazil Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 32 Brazil Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 33 Brazil Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 34 Argentina Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 35 Argentina Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 36 Argentina Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 37 Argentina Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 38 Argentina Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 39 Argentina Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 40 Argentina Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 41 Argentina Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 42 UAE Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 43 UAE Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 44 UAE Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 45 UAE Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 46 UAE Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 47 UAE Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 48 UAE Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 49 UAE Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 50 Saudi Arabia Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 51 Saudi Arabia Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 52 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 53 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 54 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 55 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 56 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 57 Saudi Arabia Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 58 South Africa Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 59 South Africa Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 60 South Africa Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 61 South Africa Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 62 South Africa Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 63 South Africa Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 64 South Africa Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 65 South Africa Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 66 Nigeria Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 67 Nigeria Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 68 Nigeria Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 69 Nigeria Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 70 Nigeria Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 71 Nigeria Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 72 Nigeria Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 73 Nigeria Machine Learning in Pharmaceutical Industry Market by Organization size, 2023 - 2029, USD Million
TABLE 74 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market, 2019 - 2022, USD Million
TABLE 75 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market, 2023 - 2029, USD Million
TABLE 76 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Component, 2019 - 2022, USD Million
TABLE 77 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Component, 2023 - 2029, USD Million
TABLE 78 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 79 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 80 Rest of LAMEA Machine Learning in Pharmaceutical Industry Market by Organization size, 2019 - 2022, USD Million
TABLE 81 Rest of LAMEA 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.