AI in Computer Aided Synthesis Planning Market size was valued at USD 1.43 billion in 2023 and is likely to reach USD 142.87 billion by 2036, expanding at around 42.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of AI in computer aided synthesis planning is estimated at USD 1.92 billion. The growth of the market can be attributed primarily to the growing demand to accelerate the process of synthesizing small molecule compounds by chemists across the globe. Along with this, increasing technological advancements in the field of synthesis planning, and rising need to design and produce molecule by more sophisticated techniques are also expected to drive market growth in the forthcoming years. Furthermore, surge in development of sophisticated algorithms for drug discovery and development, and escalating adoption of AI around the world are projected to offer lucrative opportunities to the market in the near future. In 2020, more than 14 percent healthcare companies in the world adopted AI for product/service development, and about 12 percent organizations used the technology for manufacturing.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
42.5% |
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Base Year Market Size (2023) |
USD 1.43 billion |
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Forecast Year Market Size (2036) |
USD 142.87 billion |
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Regional Scope |
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The market is segmented by end user industry into healthcare, chemicals, and others, out of which, the healthcare segment is anticipated to hold the largest share in the global AI in computer aided synthesis planning market. This can be accounted to the increasing utilization of the method for augmented drug discovery and development. Apart from this, AI in computer aided synthesis planning, or CASP, can also be used to predict the 3D structures of proteins, which is also assessed to boost the growth of the market segment in the years to come. Additionally, on the basis of application, the organic synthesis segment is predicted to acquire the largest share during the forecast period, which can be credited to the rise in demand to develop methods that take lesser time for finding the right constituents to construct organic compounds.
Our in-depth analysis of the global AI in computer aided synthesis planning market includes the following segments:
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By Application |
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By End User |
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North America Market Analysis
On the basis of geographical analysis, the global AI in computer aided synthesis planning market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America industry is poised to hold largest revenue share by 2036, on the back of high spending to improve healthcare, and rising investments to provide efficient solutions for chemical problems in the region. As per the data provided by the Centers for Medicare and Medicaid Services, U.S. health care spending reached USD 3.8 trillion in 2019. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent.
In addition, strong presence of prominent market players is also expected to boost the market growth in the region in the coming years. Moreover, the market in Europe is also projected to grab a significant share during the forecast period owing to the growing research and development activities to develop data driven modelling paradigms, and surging emphasis of companies to improve the process of drug development in the region.
December 2020- PostEra entered a multi-year strategic partnership with Pfizer to develop molecule drug discovery platform based on generative chemistry.
December 2019- DeepMatter and AstraZeneca announced a partnership to launch AI-based compound synthesis platform for strengthening the productivity of synthesizing single compound and compound libraries.
Author Credits: Abhishek Verma
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