Home > Media & Technology > Next Generation Technologies > AI and Machine Learning > AI in Predictive Toxicology Market

AI in Predictive Toxicology Market Trends

Report ID: GMI7363
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

AI in Predictive Toxicology Market Trends

The utilization of AI operating systems to accelerate drug development is fostering lucrative growth in the AI in predictive toxicology industry. By swiftly identifying and developing promising drug candidates, these systems streamline the drug development process. For instance, in November 2023, BioPhy unveiled its AI operating system, aiming to significantly expedite the discovery and development of promising drug candidates. Integrating clinical, scientific, and regulatory insights with a unique operational assessment model, BioPhy's AI platform evaluates biological feasibility and forecasts the probability of a positive outcome in clinical trials. Overall, this approach is spurring the adoption of AI in predictive toxicology, fostering a robust & profitable market landscape.

The heightened demand for streamlined drug development processes is propelling the AI in predictive toxicology industry. As pharmaceutical companies seek more efficient approaches, AI plays a pivotal role in expediting toxicological assessments. By leveraging ML and predictive modeling, AI enables rapid identification of potential drug candidates, reducing time and costs. This increased efficiency in drug development aligns with industry needs, boosting the adoption of AI technologies for predictive toxicology and contributing to the market's growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI in predictive toxicology reached USD 281 million in 2022 and is set to expand at over 29.5% CAGR from 2023 to 2032, attributed to the increasing investments in pharmaceutical AI startups.

The solution segment accounted for more than 70% of the market share in 2022, owing to the ongoing development of advanced precision medicine and treatment solutions.

North America held more than 44% of the market share in 2022, driven by the robust presence of the pharmaceutical sector in the region.

Some of the leading companies engaged in industry are Benevolent AI, Berg Health, Celsius Therapeutics, Chemaxon Ltd., Insilico Medicine, Instem plc, Lhasa Limited, and, Recursion Pharmaceuticals.