Pharmaceutics: To what extent is AI reshaping the pharmaceutical industry?

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Key figures of the market

The pharmaceutical industry is showing signs of steady growth as its CAGR is expected to grow by 6.19% between 2024 and 2028. Whereas AI had a groundbreaking year in 2023 with the CAGR for the global AI market expected to grow a staggering 15.83% between 2024 and 2030. Additionally, the global market for AI in drug discovery is expected to increase from US$1.5 billion in 2023 to approximately US$13 billion by 2032, with a CAGR of 33.6% from 2022 to 2027. In 2022 data breaches in the pharmaceutical industry cost on average US$5.02 million.

As of 2023, the total global spending in R&D has reached US$262 billion.

Discover our full study below to explore the dynamics of the pharmaceutical sector and the strategies for navigating it as AI reshapes the industry.

Download the full study:

EJD - Pharmaceutics sector analysis.pdf

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This study was carried out by our consultant Adam Benyezzar.  Get in touch with him if you would like more details on their analysis of the market.