AI Revolutionizes Life Sciences: Transforming Drug Discovery, Personalized Medicine, and Patient Outcome. BCC Research Study Projects a 27.9% CAGR, with Market Growth from $9.8 Billion in 2024 to $33.5 Billion by 2029
BOSTON, Sept. 26, 2024 /PRNewswire/ — “According to the latest BCC Research study, the demand for “Artificial Intelligence (AI) in Life Sciences Market” is estimated to grow from $9.8 billion in 2024 to $33.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.9% from 2024 to 2029.”

The global artificial intelligence (AI) in the life sciences market is witnessing significant growth, driven by advancements in AI technologies and their increasing adoption across the life sciences sector. This report provides a comprehensive analysis of the market size, estimating both current and historical revenues segmented by products, applications, end users, and regions. By examining these factors, the report offers insights into the evolving landscape of AI in life sciences, highlighting key trends and regional dynamics that are shaping the future of this transformative field.
This report is particularly relevant at this moment due to the rapid advancements and accelerating adoption of artificial intelligence within the life sciences industry. As the volume and complexity of biological data continue to increase, there is a pressing need for innovative technologies that can enhance our ability to understand, diagnose, and treat various diseases. AI is at the forefront of these advancements, offering transformative potential to revolutionize healthcare by enabling more precise and efficient solutions. The global COVID-19 pandemic has further emphasized the importance of AI, highlighting its critical role in speeding up drug discovery, developing vaccines, and improving diagnostic tools. With these unprecedented challenges and opportunities, this report provides essential insights into the current state and future impact of AI in life sciences, making it a valuable resource for stakeholders seeking to navigate and capitalize on this rapidly evolving field.
Please click here for more details on “The global market for artificial intelligence (AI) in life sciences products Report.”
The following factors drive the global market for artificial intelligence (AI) in life sciences products:
Increasing Adoption of AI-Driven Solutions for Drug Discovery and Development: AI is transforming the drug discovery and development landscape by drastically cutting down the time and costs traditionally associated with these processes. Where conventional methods might take years and billions of dollars, AI can swiftly analyze large datasets to pinpoint potential drug candidates and forecast their efficacy and safety. This accelerates the preliminary stages of drug discovery, enabling researchers to concentrate on the most promising compounds. Moreover, AI aids in refining clinical trial designs, identifying appropriate patient groups, and predicting trial outcomes, further expediting the development pipeline.
Rising Need for Precision Medicine and Personalized Treatment Approaches: Precision medicine focuses on tailoring medical treatments to the unique characteristics of each patient. AI is instrumental in this process by analyzing genetic, environmental, and lifestyle factors to determine the most effective treatment strategies for individual patients. This personalized approach leads to improved patient outcomes, as therapies are specifically crafted to address the distinct aspects of a patient’s condition. Additionally, AI allows for real-time monitoring of patient responses, enabling rapid adjustments to treatment plans when needed. This level of customization is becoming increasingly vital as healthcare shifts towards more patient-centered models.
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Report Synopsis
Report Metrics
Details
Base year considered
2023
Forecast Period considered
2024-2029
Base year market size
$8.0 billion
Market Size Forecast
$33.5 billion
Growth rate
CAGR of 27.9% from 2024 to 2029
Segment Covered
By Product Segment, Application, End User, and Region
Regions covered
North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
Key Market Drivers
•  Increasing adoption of AI-driven solutions for drug discovery and development
•  Rising need for precision medicine and personalized treatment approaches
 
Key Interesting Facts About the global market for artificial intelligence (AI) in life sciences products:
1.  AI in Drug Discovery and Development:
AI accelerates drug discovery by rapidly screening millions of compounds.It generates novel drug candidates, transforming drug development.Virtual clinical trials streamline research, reducing costs.2.  AI in Precision Medicine and Medical Imaging:
Precision medicine tailors treatments based on genetic analysis.AI excels in medical imaging analysis, aiding diagnoses.Machine learning detects subtle patterns, aiding early disease detection.The global market for artificial intelligence (AI) in life sciences products report includes in-depth data and analysis addressing the following important queries:
1.  What is the projected market size and growth rate of Artificial Intelligence (AI) in the Life Sciences market?
The global Artificial Intelligence (AI) In Life Sciences market was valued at $8.0 billion in 2023 and is expected to reach $33.5 billion by the end of 2029, expected to grow at a CAGR of 27.9% from 2024 to 2029.2.  What are the key factors driving the growth of artificial intelligence (AI) in the life sciences market?
The growth of Artificial Intelligence (AI) in the Life Sciences market is primarily driven by the increasing adoption of AI-driven solutions for drug discovery and development, the rising need for precision medicine and personalized treatment approaches, and the demand for advanced diagnostic tools to analyze complex biological data.3.  What segments are covered in the global Artificial Intelligence (AI) in the Life Sciences market?
The global Artificial Intelligence (AI) market in the Life Sciences is segmented based on product, application, end-user, and region.4.  By Type, which segment will dominate the market by the end of 2029?
The software segment will dominate the market by the end of 2029.5.  Which region has the highest market share in Artificial Intelligence (AI) in the Life Sciences market?
North America holds the highest share of the market. Some of the Key Market Players Are:
AICUREAPIXIOATOMWISE INC.BENEVOLENTAIENLITIC INC.NUMEDII INC.RECURSIONZEBRA TECHNOLOGIES CORP.Browse Related Reports:
Global Markets for Artificial Intelligence in Drug Discovery: This report provides a comprehensive overview of AI in the drug discovery market, analyzing trends from 2020, recent estimates from 2021, and projecting compound annual growth rates through 2028. It focuses on market dynamics such as regulatory scenarios, drivers, restraints, and opportunities, highlighting the potential across applications including preclinical testing, target identification, candidate screening, lead optimization, drug repurposing, and De novo drug design. Therapeutic areas covered include oncology, neurodegenerative diseases, cardiovascular diseases, metabolic diseases, and infectious diseases. Regional analysis spans North America, Europe, Asia-Pacific, and the Rest of the World, with detailed insights into key countries like the U.S., Germany, the U.K., Italy, France, Japan, China, and India.
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Setting New Trends in Camera and Cover Display with 4K ProStable Video Capabilities, Eye-Catching Colors, and Unmatched Performance!
HONG KONG, Sept. 26, 2024 /PRNewswire/ — Infinix, a trendy tech brand crafted for young consumers, has launched its first flippable smartphone and latest flagship device, the ZERO Flip. This flip phone is the only device in its class to feature 4K ProStable video capabilities on both the front and rear cameras, along with seamless GoPro connectivity and impressive battery life. It offers interactive, customizable features and introduces a signature color  from WGSN’s 2025 Smartphone Color Trends Report.

As Infinix’s first entry into the flippable segment, the ZERO Flip delivers a refined experience by blending creativity, cutting-edge technology, and style. It meets the evolving needs of Gen Z with its durable display, long-lasting battery, and 4K ProStable cameras. The interactive, customizable Dynamic MultiView Display and the use of WGSN’s 2025 smartphone trend color, “Blossom Glow,” further enhance its appeal, embodying Infinix’s commitment to staying ahead of trends and resonating with young, dynamic lifestyles through the slogan “Get In Now.”
As Weiqi Nie, Product Director at Infinix, explains: “The ZERO Flip embodies our belief that it’s never too late to embrace change and discover your ‘Blossom moment.’ We want to inspire users to tap into their inner potential, seize every opportunity, and express their individuality. In today’s fast-paced world, the flip phone becomes more than a technological device—it’s a symbol of self-expression and personal evolution.”
Unmatched Vlogging Capabilities: The Ultimate Creator’s CompanionSmall but mighty, the ZERO Flip is the ultimate tool for content creators and vloggers. As the only compact flip phone in its class with 4K ProStable video capabilities on both the front and rear cameras, it delivers professional-grade video quality that allows users to document their lives in vivid detail.
In its flipped state, the ZERO Flip transforms into a mini DV (Digital Video), offering an easy grip to capture life’s best moments anytime. With a variety of video templates, users can pick up this “DV” anytime, anywhere and create their own vibe-filled retro vlog. The built-in AI Vlog Mode provides step-by-step guidance, making the process effortless. Users can turn raw footage into polished vlogs with just a few taps.
As a flip phone, the ZERO Flip allows free-hovering (30°-150°) at multiple angles for users to enjoy hands-free vlogging. With just a simple fold, the phone can be stably positioned on any flat surface, removing the limitations of arm length and giving users the freedom to choose the ideal distance for shooting with either the front or rear camera. The front camera’s PDAF (Phase Detection AutoFocus) ensures that the subject remains in perfect focus while self-recording. Additionally, the dual-screen preview function enables users to see themselves on the external display during rear camera shots or when a friend is assisting with photography, allowing for real-time adjustments to the shot. The 50MP Ultra-Wide lens captures expansive scenes effortlessly, while also providing flexibility for cropping in post-production. With ProStable video capabilities, the ZERO Flip ensures stable image capture for both photos and videos.
Moreover, the phone’s integration with GoPro ensures simple operations and seamless connectivity with GoPro devices through the Works with GoPro program. The Infinix ZERO Flip offers a GoPro Mode that allows users to directly adjust GoPro device parameters. The phone can also serve as a monitor, enabling real-time observation and adjustment of GoPro footage.
Snap, Zoom, Fold: Professional-Grade Photos in the Palm of Your HandBeyond video, the ZERO Flip delivers exceptional photography capabilities. Equipped with In-Sensor Zoom technology, users can achieve 2x lossless zoom, ensuring stunning portrait shots with professional clarity at classic focal lengths; Its gesture and voice control features make capturing group photos or selfies effortless, allowing users to control the camera with a simple wave or command. The AI Shutter further enhances the experience by automatically adjusting shutter speed in motion-heavy scenes, ensuring sharp, vibrant images.
For those with an artistic flair, the ZERO Flip offers creative preset modes for long exposure shots, encouraging users to experiment with photography techniques. Its AI-powered RAW HDR solution ensures rich colors and detailed images, even in challenging backlit conditions. When shooting in low-light scenes, the Super Night mode guarantees vivid night shots by balancing highlights and shadows with stunning clarity.
A Phone Built for Durability and Modern SleeknessA key concern for flip phone users is durability, and the ZERO Flip delivers with its 400,000-fold hinge designed for longevity. The device’s exterior is made from scratch-resistant Corning glass, ensuring resilience against daily wear and tear, while the 4720mAh battery and MTK D8020 6nm chipset ensure long-lasting performance and smooth operation. Despite its robust build, the ZERO Flip remains stylish and lightweight, weighing only 195g and unfolding to a sleek 7.64mm thickness.
At the core of the ZERO Flip is to open up a world in the foldable market with a trendsetting aesthetic. Inspired by WGSN, a global leader in trend forecasting, Infinix has chosen “Blossom Glow” as the signature color for this model. Drawing inspiration from the gentle yet vibrant hue of cherry blossoms, Blossom Glow symbolizes hope, growth, and boundless possibilities. This fresh hue featured in WGSN’s  2025 Smartphone Color Trend Report reflects the dynamic and ever-changing world of youth culture.
Meeting the Needs for Unlimited Creativity and CustomizationThe 3.64-inch external screen on the ZERO Flip delivers an immersive visual experience while featuring the Dynamic MultiView Display, which offers customizable 3D animated pets and quick shortcuts to popular apps like TikTok, YouTube, and WhatsApp. Users can interact with a variety of dynamic pets, including an alpaca, dachshund, penguin, brown bear, and Siamese cat, with the option to engage in pet-themed mini-games and compete in rankings for added fun.
In addition, the Dynamic MultiView Display provides extensive personalization options, such as custom images, external screen animations, and photo frames to match individual styles. It also allows users to present multi-functional cards for commonly used features like the camera, music, phone, weather, and alarm. These cards can be easily customized and added, giving users efficient access to key functions without needing to open the phone.
AI-Powered Life: Smarter, Faster, and More IntuitiveThe ZERO Flip is powered by a comprehensive AI interaction system, designed to enhance every aspect of the user experience. Beyond its AI-assisted photography and video capabilities, the phone features AI noise reduction for superior audio quality and JBL Joint Tuning for optimized sound performance. Infinix has also integrated Google Gemini, offering an AI Assistant that handles tasks like translation, search, and content summarization, transforming the ZERO Flip into a compact personal assistant. With additional features like the AI-driven NFC wallet and AOD (Always On Display), it elevates convenience, making day-to-day routines smoother and more efficient.
Pricing & Availability:Starting at $600, the Infinix ZERO Flip will be available in Blossom Glow and Rock Black.Pricing will vary by region, with details to be announced at regional launches.
About Infinix:Founded in 2013, Infinix is a trendy tech brand crafted for young consumers. With a presence in over 70 countries and regions, Infinix delivers cutting-edge technology, stylish design, and outstanding performance. Our product lineup includes smartphones, TWS earbuds, smartwatches, laptops, and smart TVs. For more information, please visit: http://www.infinixmobility.com/
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Cybellum’s strategic approach combines advanced technologies with expert services to ensure comprehensive protection and regulatory compliance for automotive OEMs and suppliers
SAN ANTONIO, Sept. 26, 2024 /PRNewswire/ — Frost & Sullivan researched the automotive cybersecurity managed services industry and based on its analysis recognizes Cybellum Technologies with the 2024 European Competitive Strategy Leadership Award. The company is a security platform developer that helps device manufacturers keep their connected products secure and compliant. Cybellum’s effective and robust automotive cybersecurity solutions mitigate cyberattack risks and build consumer trust, promoting the widespread adoption of next-generation, connected, and autonomous vehicle technologies. With a goal of creating a new standard for product security worldwide, the company exemplifies how to safeguard connected consumer products.

Cybellum partners with companies to build the best solution for every roadmap through a combination of technology, consulting and professional services. This trifold approach combines a robust security platform with expert-managed services and best practice guidance, which differentiates the company from its market competitors and charts its growth roadmap. The company’s collaboration with industry experts and regulatory bodies is instrumental in shaping its strategic direction.
On the customer side, Cybellum’s strategic and collaborative approach involves working closely with organizations to understand their product security maturity level and aligning solutions with their long-term objectives. This partnership model extends beyond the initial solution implementation, providing ongoing support and iterative improvements to maintain and enhance security postures in response to evolving threats and technological advancements, such as AI and new data sources for risk management. Moreover, customers gain leadership insights into managing product security instead of merely having vulnerabilities addressed, which highlights the importance of proactive approaches and lifecycle management. By leveraging these insights, Cybellum is well-positioned to provide tailored solutions that address each customer’s unique needs while advancing the broader goal of enhancing product security across industries.
Dorothy Amy, senior industry analyst at Frost & Sullivan, observed: “Cybellum’s Product Security Platform, as well as its CSMS Cockpit Solution streamlines cyber-assurance and incident response tasks for manufacturers, ensuring vehicles remain digitally secure and compliant with evolving regulations and vehicle type approval requirements. This solution swiftly identifies vulnerabilities, proactively monitors threats, and manages a comprehensive vehicle components database over their lifecycle, spanning approximately 20 years.”
The company taps into current growth opportunities by leveraging megatrends, such as generative AI and digital twin technologies, in its product portfolio to enhance security measures and bolster its technology leadership. Cybellum’s continuous innovation optimizes the customer ownership experience as it releases new products and versions regularly. Its strategic partnerships and comprehensive suite of services tailored to the automotive industry bolster the company’s growth potential and brand equity. These collaborations increase Cybellum’s credibility and access to new customers as well as validate its expertise and capabilities, enhancing its reputation as a leader in automotive cybersecurity solutions.
“Cybellum is leading the automotive cybersecurity solutions and managed services market due to its focused strategies, helping it to outpace competitors. The company combines advanced security platform with expert-managed services, differentiating it in the market and paving its roadmap. Overall, it develops and implements its strategies with its customers in mind, securing its position as a trusted partner and market leader,” added Samantha Fisher, Best Practices research analyst at Frost & Sullivan.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
“We are honored to be recognized by Frost & Sullivan for our leadership in automotive cybersecurity solutions,” said Slava Bronfman, CEO and co-founder of Cybellum. “This award highlights our commitment to driving innovation and delivering proactive, robust defenses against evolving cyber threats. By partnering with automotive OEMs and suppliers, we ensure that their products remain secure and compliant in an increasingly complex regulatory landscape. This recognition validates our strategic approach, combining cutting-edge technology with expert services, to not only safeguard connected vehicles but also advance the industry toward a more secure future.”
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Camila TinajeroP: +54911 6713 2748E: [email protected]
About Cybellum
Cybellum is where teams do product security. OEMs, suppliers and device manufacturers such as Jaguar Land Rover, Audi, Faurecia, Supermicro, Danaher, and Rolls Royce use Cybellum’s Product Security Platform and services to manage the main aspects of their cybersecurity operations across business units and lifecycle stages. From Software Bill of Materials (SBOM) to Vulnerability Management, Compliance Evidence Creation, and Incident Response, teams ensure their connected products are fundamentally secure and compliant – and stay that way. To learn more visit www.cybellum.com
Contact:
David LeichnerE: [email protected]
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