Artificial Intelligence in Clinical Trials Market Expects Robust Growth, Hitting $38.03 Billion by 2029
How is the Artificial Intelligence (AI) In Clinical Trials Market Size Expected to Grow?
The artificial intelligence (AI) in clinical trials market size has surged
significantly in recent years. Growing from $7.19 billion in 2024, the market
is predicted to reach $10.14 billion in 2025, at a compound annual growth rate
(CAGR) of 41.1%. Factors contributing to the historic period growth include
increasing data complexity, rising costs and time constraints, regulatory
demands, early ai applications, patient-centric approaches.
Prospects for the Artificial Intelligence (AI) in clinical trials market remain
highly promising, with projections stating the market will reach $38.03 billion
in 2029, expanding at a CAGR of 39.2%. Drivers of this growth forecast include
emphasis on personalized medicine, real-time monitoring solutions, remote trial
execution, risk prediction and mitigation, and expanded data source
integration. Major trends in the forecast period also include adaptive trial
design, natural language processing (NLP) in data analysis, ai-driven patient
recruitment, blockchain integration for data security, predictive analytics for
patient outcomes.
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Trials Market Report:
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What Factors Will Propel the Growth of
Artificial Intelligence in the Clinical Trials Market?
The necessity to curb clinical trial costs is propelling artificial
intelligence application in clinical trial market. Clinical trials, which are
research studies used to test medical, surgical, or behavioural interventions
in people, integrate costs of the research and patient care. AI is being
utilized to improve drug discovery, design safer and more effective clinical
trials, and enhance patient outcomes at lower costs. The rising need to curb
clinical trial costs is anticipated to drive the artificial intelligence usage
in clinical trials.
What Are The Major Sections in the Artificial Intelligence (AI) In Clinical
Trials Market?
1) By Offering: Software, Services
2) By Process: Trial Design, Patient Selection, Site Selection, Patient
Monitoring
3) By Application: Oncology, Neurological Disease And Condition, Cardiovascular
Disease, Metabolic Disease, Infectious Disease, Immunology Disease, Other
Applications
4) By End-User: Pharmaceutical And Biotechnology Company, Contract Research
Organizations, Other End-Users
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Which are the Major Companies Operating in
Artificial Intelligence (AI) In Clinical Trials Market?
Prominent companies functioning in the artificial intelligence (AI) in clinical
trials market include Medable Inc., PathAI inc., Saama Technologies Inc.,
TriNetX LLC, SymphonyAI Summit Inc., Aktana, Nference Inc., Insilico Medicine
Inc., Vineti Inc., Innoplexus AG, among others.
What are the Emerging Trends in the Artificial Intelligence in Clinical Trials
Market?
Innovative product offerings are a prevailing trend in the artificial
intelligence in clinical trials market. Major companies have introduced
innovative product offerings to maintain their market position.
What Does the Regional Analysis Indicate About the Artificial Intelligence (AI)
In Clinical Trials Market?
North America dominated the artificial intelligence (AI) in clinical trials
market in 2024. North America is also predicted to have the fastest growth
during the forecasted period. The market report further covers regions such as
Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and
Africa.
What Does The Artificial Intelligence (AI) In Clinical Trials Market Report
2025 Offer?
Artificial intelligence in clinical trials refers to the application of
artificial intelligence to design more efficient and accurate clinical trials.
It is used to enhance trial design and optimization through predictions about
patient behaviour and drug efficacy. The artificial intelligence (AI) in
clinical trials market research report from The Business Research Company
offers global market size, growth rate, regional shares, competitor analysis,
detailed segments, trends, and opportunities.
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