AI in Computer Aided Synthesis Planning Market Share

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 predicted to account for largest revenue share by 2037, 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.