AI in Computer Aided Synthesis Planning Market Size

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.