In India, the pharma market is projected to reach $65 billion by 2024 and grow to $120-130 billion by 2030. Recent initiatives like the National Digital Health Mission (NDHM) and government attempts to unify the pharma sector are providing opportunities for innovation from within the pharma sector in different forms of technology. This includes AI and Machine Learning (ML) capabilities being used more extensively now than ever before.
The use of AI and ML is propelling the drug discovery and development processes. Startups are employing these technologies to address the numerous challenges in the healthcare industry, including automation of manufacturing processes as well as designing effective post-launch strategies. Eligibility criteria identification is an essential step in the drug discovery and development process, which makes it vital for conducting clinical trials. AI simplifies patients’ identification by making it fast and affordable, thus saving time for this key step.