Artificial Intelligence (AI) in Clinical Trials Market (By Offering: Software, Services; By Technology: Machine learning, Deep learning, Supervised; By Application: Cardiovascular, Metabolic, Oncology, Infectious diseases; By End-user: Pharma, Biotech, CROs))- Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

AI in Clinical Trials Market Size and Forecast 2024 to 2033

The global AI in clinical trials market size was valued at USD 1.58 billion in 2023 and is anticipated to reach around USD 20.16 billion by 2033, growing at a CAGR of 29% from 2024 to 2033.

AI in Clinical Trials Market Key Takeaways

• North America held the dominating share of the AI in clinical trials market in 2023.
• By offering, the services segment held the largest market share in 2023.
• By technology, the deep learning segment held the dominating market share in 2023.
• By application, the infectious disease segment dominated the market in 2023.
• By end-user, the pharmaceutical segment held the largest share of the market in 2023; the segment is observed to sustain dominance throughout the forecast period.

AI in Clinical Trials Market Overview

The use of artificial intelligence (AI) in clinical trials is rapidly transforming the healthcare industry. AI technologies are being integrated into various stages of clinical trials, from drug discovery and patient recruitment to data analysis and monitoring, making the process more efficient and cost-effective.

Pharmaceutical companies and research organizations are increasingly adopting AI to streamline the development of new treatments, improve patient outcomes, and reduce the time it takes to bring new drugs to market. This adoption is driven by the ability of AI to analyze large datasets quickly and accurately, identify patterns, and predict outcomes that would be challenging or impossible for humans to detect alone.

The market for AI in clinical trials is expected to see significant growth in the coming years, fueled by advancements in machine learning, natural language processing, and other AI technologies. Additionally, the increasing volume of data generated in clinical trials, along with the need for more personalized medicine, is pushing the demand for AI-driven solutions.

However, there are challenges, such as regulatory concerns, data privacy issues, and the need for skilled professionals to manage and interpret AI systems. Despite these challenges, the potential benefits of AI in clinical trials are vast, offering the possibility of more effective treatments, faster drug approvals, and ultimately, better healthcare for patients worldwide.

AI in Clinical Trials Market Report Scope

Benefits of Using AI in Clinical Trials

Using AI for clinical trials offers several advantages that help enhance the accuracy, efficiency, safety, speed, and overall success of the drug development process. Mentioned below are some of the many benefits of AI in clinical trials.

• Faster Time to Market

One of the most obvious benefits of AI In clinical trials is the automation of labor-intensive and time-consuming tasks with remarkable speed and precision. For example, AI can swiftly analyze vast datasets, match patients to clinical trial criteria, and process complex scientific data, tasks that human researchers would take much longer to perform. As a result, R&D teams can expedite the drug development process, bringing potential treatments to patients more quickly.

• Cost Efficiency

By automating various research and development processes, AI can reduce the need for extensive manual labor and repetitive tasks. This leads to cost savings in terms of labor, resources, and operational expenses. Furthermore, AI can identify and prevent inefficiencies in clinical trials, reducing the risk of costly protocol amendments and ensuring that resources are allocated more efficiently.

• Regulatory Compliance

AI for clinical trials can also assist in maintaining compliance with regulatory standards by providing real-time monitoring, documentation, and audit trails for clinical trial data and processes. It ensures that the R&D team remains aligned with regulatory requirements, minimizing the risk of costly delays or healthcare compliance issues.

• Data Analysis and Management

The large amount of data generated in clinical trials can be overwhelming. AI can quickly analyze and organize the sheer volume of data and identify patterns that human researchers would take much longer time to spot or might overlook sometimes. Artificial intelligence in clinical data management helps the R&D team quickly access organized data, which saves time on manual data management and reduces the risk of data errors.

• Personalized Medicine

Every patient deals with unique needs and complexities, making it challenging to test the treatment efficacy. AI can play a pivotal role in pinpointing particular patient groups that are most likely to benefit from a specific medication based on factors like genetic profiles and lifestyle, making personalized medicine a reality.

• Improved Patient Outcomes

Applications of AI in clinical trials also help tailor treatments to patients by identifying biomarkers, predicting treatment responses, and optimizing trial protocols. This patient-centric approach enhances the likelihood of successful outcomes for trial participants. Patients receive treatments that are more likely to be effective for their specific conditions, leading to better clinical responses and quality of life.

These benefits of AI for clinical trials lead to more effective and accurate development of novel drugs for a wide range of diseases.

Use Cases of AI in Clinical Trials Market

Artificial Intelligence offers various valuable use cases in clinical trials, redefining the way research and development processes are conducted in the healthcare industry. The use of AI in clinical trials can revolutionize the entire drug development process, enabling more efficient data management, improved decision-making, and overall success of the clinical trial value chain.

Here are some of the most prominent use cases of AI in clinical trials:

Automate Document Review

Artificial intelligence in clinical trials helps review and analyze regulatory documents, such as Investigational New Drug (IND) applications. It helps identify errors, inconsistencies, or missing information, ensuring compliance with regulatory standards and accelerating the submission process.

Optimize Protocol Design

The use of AI in clinical trials starts from the initial stages, where it transforms the way study protocols are designed. By analyzing historical data, the technology suggests protocol improvements, defines endpoints, and recommends patient recruitment criteria, leading to more efficient and scientifically robust trials.

Patient Recruitment

Artificial intelligence in clinical trials analyzes patient data, electronic health records (EHR), and medical literature to match eligible patients with specific trial criteria. While selecting the patients for clinical trials, AI assesses various factors, including geographical locations, patient demographics, and site performance history. This speeds up patient recruitment and ensures a more precise selection process.

Real-Time Safety Monitoring

AI continuously monitors clinical trial data for safety signals and adverse events. By analyzing patient data in real-time, AI plays a crucial role in improving clinical trials with machine learning by promptly identifying potential safety concerns. This enables immediate actions to protect patient safety and ensure regulatory compliance.

Digital Twin Models

One of the most groundbreaking applications of AI in clinical trials is the idea of digital twins. Artificial intelligence in clinical trials can create virtual replicas of patients based on their genetic, medical history, and ongoing health data. These virtual replicas serve as dynamic models that simulate and predict outcomes, ushering in a new age where healthcare is truly safe, effective, and individualized.

Treatment Response Prediction

Through the use of AI and machine learning in clinical trials predictive models are developed. These models are based on patient characteristics and biomarkers, it helps researchers assess how a particular patient responds to various interventions, optimizing treatment efficiency and reducing risks. This approach can potentially transform personalized medicine, detecting potential issues at an early stage and tailoring therapies to each patient’s unique condition.

Future of Artificial Intelligence in Clinical Trials

The future of artificial intelligence in clinical research is promising as the technology is seemingly advancing at breakneck speed, revolutionizing every phase of the clinical trial value chain.

AI plays an increasingly integral role in accelerating drug discovery and development, from optimizing trial protocols and patient recruitment to enhancing data analysis and safety monitoring. With AI’s capacity to drive precision medicine, identify novel therapies, and simulate trial strategies, it promises faster time to market, reduced costs, and more effective, personalized treatments.

As the technology continues to evolve, it will most likely contribute to more efficient, ethical, and successful clinical trials, benefiting patients and the healthcare industry as a whole.

While there are still safety and efficacy concerns with the applications of AI in clinical trials, the hope is that in the future, AI will take on more responsibilities in the drug development process to guarantee speed, accuracy, and efficiency.

People within the industry should use it as a valuable tool while maintaining a balance between innovation and patient safety to ensure the ethical and responsible use of AI for the benefit of all.

AI in Clinical Trials Market Dynamics

Drivers

Growing trend towards personalized medicine

Artificial intelligence (AI) is essential to personalized medicine because it can analyze large amounts of patient data, spot trends, and forecast each patient's unique reaction to a given medication. AI speeds up patient enrolment, simplifies data processing, and makes it easier to find patients who might be good candidates for tailored treatments in clinical trials. AI assists researchers in identifying biomarkers, stratifying patient populations, and optimizing trial design for more focused and effective results through machine learning algorithms.

AI systems can forecast how patients will react to therapies, which aids in the more effective and focused design of clinical trials. Drug development can go more quickly and economically by optimizing trial resources by recognizing potential responders and non-responders early in the process.

Artificial intelligence (AI) is used in clinical trials to speed up medication development and improve treatment precision and efficacy by customizing the regimen to each patient's needs. Clinical trial advances are fueled by the synergy between AI and personalized medicine, resulting in more individualized and potent therapeutic interventions.

Increasing recognition of AI in clinical trials by regulatory agencies

Regulatory bodies, like the food and drug administration (FDA) and other international equivalents, are becoming more aware of how artificial intelligence (AI) might improve and accelerate certain sections of clinical studies.

This recognition results from AI technologies' capacity to simplify and enhance clinical trial procedures, improving productivity, financial viability, and data accuracy. Artificial intelligence (AI) applications in clinical trials can significantly improve patient recruitment, data analysis, predictive modeling, and adverse event monitoring.

Restraint

Standardization of AI models

The development of customized AI models is necessary because of the diversity of healthcare data, which includes patient information, imaging data, and electronic health records. However, developing broadly applicable AI models in the context of clinical trials is a challenge due to the requirement for standardized protocols and frameworks.

Utilizing disparate data formats, gathering techniques, and standards by healthcare establishments can impede the smooth incorporation of artificial intelligence solutions in various contexts. Regional ethical and regulatory limitations further compound the problem of standardizing AI models for clinical trials.

Opportunities

Hyper-personalized medicine and trial design

With AI, highly customized treatment regimens may be created by analyzing massive amounts of patient data, including genetic information, lifestyle factors, and medical history. This method improves treatment efficacy by considering each person's unique response to therapy.

AI makes identifying patient groupings based on traits easier, enabling more accurate and focused clinical trial recruitment. This shortens trial schedules and increases the chance of finding significant treatment benefits in patient groups. AI-enabled hyper-personalized medicine improves patient outcomes and satisfaction. This can decrease clinical trial dropout rates, which would lessen the requirement to find new patients and increase the validity of study findings.

Democratizing clinical trial participation

By pairing qualified individuals with large datasets, artificial intelligence (AI) can assist in finding and recruiting a wider variety of participants. Doing this ensures that clinical trials represent the variety of patients in the actual world. Artificial intelligence (AI) makes it easier to incorporate real-world data into clinical trials, giving researchers a more thorough grasp of how well a treatment works in various demographics and real-world situations. AI systems can quickly examine electronic health records and other healthcare data to find possible participants. This shortens trial times and related expenses while quickening the hiring process.

AI in Clinical Trials Market segment Insights

Offering Insights

The services segment held the largest share of the AI in clinical trials market in 2023. Services provide customized solutions that fit into the workflows of current clinical trials. By customizing, AI applications are made to meet the unique requirements and goals of various clinical trials and healthcare institutions. When it comes to negotiating the regulatory environment around clinical trials, service providers are essential. They guarantee that AI applications abide by pertinent healthcare laws and business norms, giving stakeholders peace of mind and reducing risk.

Technology Insights

The deep learning segment held the largest share of the AI in clinical trials market in 2023. Massive amounts of complex and diverse data, including genetic data, electronic health records (EHRs), medical imaging, and other data about clinical trials, are excellent targets for deep learning processing and analysis capabilities.

More precise and effective analysis is made possible by deep learning models, especially neural networks, and the ability to extract pertinent characteristics and patterns from unprocessed data automatically. Deep learning algorithms make adaptive trial designs possible, which support real-time clinical trial data monitoring. In response to gathered data, clinical studies can be more effective and responsive by using adaptive trials to modify essential parameters, such as patient enrollment criteria or treatment regimens.

Application Insights

The infectious disease segment dominated the AI in clinical trials market in 2023, the segment is observed to continue the expansion during the forecast period. Complex data sets, such as genetic information, epidemiological data, and clinical trial outcomes, are frequently involved in infectious diseases. Large amounts of heterogeneous data may be processed and analyzed by AI effectively, enabling researchers to obtain new insights and make defensible conclusions. Artificial intelligence (AI) technology makes it possible to monitor infectious diseases in real-time, which helps in outbreak identification and response planning. This capacity is essential for successful clinical studies amid pandemics or epidemics.

End-user Insights

The pharmaceutical segment dominated the AI in clinical trials market in 2023 and the segment is expected to sustain the dominance throughout the forecast period. Pharmaceutical corporations use AI algorithms to examine large amounts of clinical data quickly. This expedites the medication development process by helping to recognize patterns, forecast patient reactions, and optimize trial methods. Artificial intelligence is employed by the pharmaceutical business to detect and alleviate possible hazards linked to clinical studies. Predictive analytics supports proactive risk management and patient safety by estimating the probability of unfavorable outcomes.

• In June 2023, to enhance the development of Anavex's medication pipeline, Partex Group's exclusive Artificial Intelligence (AI) technology will be utilized in a strategic alliance between Anavex Life Sciences and Partex Group.

Regional Insights

North America held the largest share of AI in clinical trials market in 2023. North America, especially the United States, has led in the achievements of artificial intelligence innovation and technology. Numerous top IT firms, academic organizations, and startups that concentrate on creating innovative AI solutions for various industries, including clinical trials and healthcare, can be found in the region. It has made significant financial and investment commitments to AI businesses and research projects. Private investors, government funding, and venture capital firms have demonstrated a strong desire to assist the advancement and application of AI technology in healthcare, including clinical trials.

• For instance, in August 2023, Deep 6 AI and Texas Tech University Health Sciences Center (TTUHSC) established a partnership to increase patient access to clinical trials. TTUHSC will use AI to enhance patient access to its electronic medical record (EMR) system.

Asia-Pacific is expected to witness the fastest rate of expansion in the AI in clinical trials market during the forecast period. The market is expanding due to a growing patient base, a variety of patient demographics, and comparatively lower expenses than in Western nations. As a result, there is a greater need than ever for cutting-edge technologies, such as artificial intelligence (AI), for managing and carrying out clinical studies. Asia-Pacific's large and diversified patient populations offer a wealth of data for clinical trials. Artificial intelligence (AI) technologies can enhance the efficiency of data analysis, particularly in patient recruitment, stratification, and trial lifecycle monitoring.

AI in Clinical Trials Market Top Key Companies:

• AiCure
• Antidote Technologies
• Deep 6 AI
• Mendel.ai
• Phesi
• Saama Technologies
• Signant Health
• Trials.ai
• Innoplexus
• IQVIA
• Median Technologies
• Medidata

AI in Clinical Trials Market Recent Developments

• In September 2023, a global pioneer in providing individuals and institutions with reliable intelligence to change the world, Clarivate Plc announced the creation of an Academia & Government Innovation Incubator. This will quicken its approach to fostering creativity, using AI, and launching cutting-edge products for its academic clients and users.
• In July 2023, by advancing the first medication identified and created by generative AI into Phase II clinical trials involving humans, Insilico Medicine has set a new standard in artificial intelligence drug research. The primary program, INS018_055, is a pan-fibrotic inhibitor that may be the first of its kind. Insilico's moonshot medication unequivocally proves the viability of the company's end-to-end AI drug development platform, Pharma. AI.

AI in Clinical Trials Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the AI in Clinical Trials market.

AI in clinical trials market, By Offering

• Software
  • Phase I
  • Phase II
  • Phase III
• Services
  • Phase I
  • Phase II
  • Phase III

AI in clinical trials market, By Technology

• Machine Learning
• Deep Learning
• Supervised Learning
• Other Machine Learning Technologies
• Other Technologies

AI in clinical trials market, by Application

• Oncology
• Nuerological disease and condition
• Cardiovascular diseases
• Metabolic diseases
• Infecstious disease
• Immunology disease
• Other Applications

AI in clinical trials market, By End User

• Pharmaceutical & biotechnology companies
• Contract research organizations
• Other end users

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)