Machine Learning in Pharmaceutical Industry - Regional Synopsis
On the basis of geographical analysis, the machine learning in pharmaceutical market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is estimated to dominate majority revenue share by 2037, owing to the presence of major pharmaceutical companies in the region, along with constant advancements in the medical sector. Moreover, the technological sector in the United States and Canada is also experiencing rapid progress and innovation, which is estimated to encourage the adoption of machine learning in the pharmaceutical industry. The market in Asia Pacific region is estimated to witness modest growth over the forecast period on the back of increasing adoption of AI in developing countries, such as, Japan, China, South Korea, Singapore, and others. The technological advancement in these regions is anticipated to boost the market growth.
