AI in Computer Aided Synthesis Planning Market: Segmented: By Application (Organic Synthesis, Synthesis Design), By End Use Industry (Healthcare, Chemicals, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ]AI in Computer-Aided Synthesis Planning Market to surpass USD million by 2031 from USD million in 2021 with a notable CAGR in the coming years, i.e., 2021-2031.
Computer-aided synthesis planning (CASP) is used to speed up the process of scientists deciding how to synthesize small molecule molecules. The ideal CASP algorithm would take a molecular structure as input and output a sorted list of detailed reaction schemes, each of which connects a target to a set of chemically feasible starting materials through a number of chemically feasible reaction steps. To characterize hypothetical retrosynthetic disconnections and selectivity criteria, early work in this subject relied on expert-crafted reaction rules and heuristics, but it suffered from incompleteness, infeasible proposals, and human bias.
Global AI in Computer-Aided Synthesis Planning Market is expected to project a notable CAGR of in 2031.
The increased demand for chemists all over the world to speed up the process of synthesizing small molecule compounds is a major driver driving market expansion. In addition, rising technological breakthroughs in the field of synthesis planning, as well as the growing demand to design and manufacture molecules using more advanced approaches, are likely to fuel market expansion in the coming years.
The Organic Synthesis segment is expected to grow with the highest CAGR during 2021-31
On the basis of Application, the global AI in Computer-Aided Synthesis Planning Market is fragmented into Organic Synthesis and Synthesis Design. The organic synthesis segment is expected to grow the most during the forecast period, owing to a growth in demand for technologies that reduce the time it takes to locate the proper ingredients for organic molecules.
The Healthcare segment is expected to grow with the highest CAGR during 2021-31
Global AI in Computer-Aided Synthesis Planning Market is classified on the basis of End Use Industry into Healthcare, Chemicals, and Others. Over the projected period, the healthcare segment is expected to retain the greatest share of the global AI in the computer-aided synthesis planning market. This can be attributed to the method's increased use in enhanced drug discovery and development. Aside from that, AI in computer-aided synthesis planning, or CASP, may be utilized to forecast the 3D structures of proteins, which is expected to increase the market segment's growth in the coming years.
The Rising Demand for Boosting the Synthesizing Progress in the Future
Owing to the growing desire for chemists around the world to speed up the process of synthesizing small molecule compounds, the AI in Computer-Aided Synthesis Planning Market is predicted to grow significantly in the coming years. In addition, rising improvements in the field of synthesis planning around the world, as well as an increase in AI use, are expected to propel the market forward in the next years.
Number of Developments
In the near future, the industry is expected to benefit from a surge in the creation of advanced algorithms for medication research and development, as well as the growing usage of AI around the world. Furthermore, the rise of the ICT industry has considerably contributed to GDP growth, labor productivity, and R&D investment, among other economic transformations in various countries throughout the world, which directly impacts market growth.
Lack of Awareness about the Technology in the Developing Economies
Low awareness about the technology in lower economic regions is expected to hamper the AI in Computer Aided Synthesis Planning Market in the coming years.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global AI in Computer-Aided Synthesis Planning Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. On the basis of high spending to enhance healthcare and rising expenditures to give efficient solutions for chemical problems in the region, the market in North America is expected to hold the greatest share and increase at a significant rate over the forecast period.
Artificial intelligence (AI) works effectively to imitate human intelligence. It could also help researchers better understand COVID-19 and suggest vaccine development. This outcome-oriented technology is used to properly assess, analyze, predict, and follow present and potential future patients. The major apps are used to keep track of confirmed, recovered, and death cases.
Global AI in Computer-Aided Synthesis Planning Market is further segmented by region into:
AI in Computer-Aided Synthesis Planning Market Segments:
|The market size value in 2021
|The revenue forecast in 2031
|Notable CAGR from 2021 to 2031
|Base year for estimation
Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Application, End-Use Industry, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
|DeepMatter Group Plc, Merck KGaA, PostEra, IKTOS, Wiley-VCH GmbH, The Open Science Project, Medici Technologies, LLC, and Other Prominent Players.
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