The commercial segment of the pharmaceutical industry was expected to gain the most value from more use of generative AI, or some 30 billion U.S. dollars annually in 2024 onwards. In all, the expected value annually if high estimates hold would exceed 110 billion U.S. dollars, a significant market growth for the pharmaceutical industry.
Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment
(in billion U.S. dollars)
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McKinsey & Company. (January 8, 2024). Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/
McKinsey & Company. "Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment (in billion U.S. dollars)." Chart. January 8, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/
McKinsey & Company. (2024). Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/
McKinsey & Company. "Forecast Value Addition of Generative Artificial Intelligence (Ai) in The Pharmaceutical Industry Annually from 2024, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jan 2024, https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/
McKinsey & Company, Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/ (last visited December 30, 2024)
Forecast value addition of generative artificial intelligence (AI) in the pharmaceutical industry annually from 2024, by segment (in billion U.S. dollars) [Graph], McKinsey & Company, January 8, 2024. [Online]. Available: https://www.statista.com/statistics/1490847/value-of-generative-ai-addition-to-pharmaceuticals/
