Source page: McKinsey & Company
Commentary
AI budgets grow in life sciences
Generative AI | Life Sciences
February 13, 2025 – Life science organizations are expected to increase their gen AI budgets. According to a McKinsey survey of pharma and medtech leaders, the share of companies spending $5 million or more on gen AI is expected to grow from 20 percent in 2024 to 32 percent in 2025, note Senior Partner Delphine Nain Zurkiya and colleagues. The proportion of organizations spending less than $5 million is expected to decrease from 70 percent in 2024 to 56 percent in 2025.
To read the article, see “Scaling gen AI in the life sciences industry,” January 10, 2025.
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Visual form
Stacked Bar / Stacked Column: two-column budget-band comparison for life-sciences gen-AI spending.
Layout / body structure
The chart places the 2024 estimate and 2025 forecast as adjacent vertical stacks. Budget bands are ordered within each column, with connector lines linking the same bands across years.
What is being compared
It compares the share of life-science organizations in each gen-AI budget band, from less than $1 million through more than $10 million, between the 2024 estimate and the 2025 forecast.
Measurement system
Each segment is percent of respondents. Segment labels show the percentage share for that budget band in each year.
Visible structure inside the graphic
Higher-budget bands expand in the 2025 forecast column, while the less-than-$1-million segment contracts. The connectors make the shift from lower to higher spending tiers visible.
Main takeaway from the visual
The chart shows life-science organizations planning larger gen-AI budgets in 2025, with more respondents moving into the $5 million-plus bands.
Key standout values or extremes
The more-than-$10-million band rises from 13 percent in 2024 to 20 percent in 2025, and the $5-million-to-$10-million band rises from 7 percent to 12 percent. The less-than-$1-million band falls from 43 percent to 35 percent.
Controls / sequence, when applicable
This is a fixed two-column stacked chart; there are no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the life-sciences gen-AI budget stacked chart is the visual on this page.