The global Biosimulation Market size was valued at USD 3.73 Billion in 2022 and is projected to reach USD 11.73 Billion by 2030, growing at a CAGR of 15.4% from 2023 to 2030.
In the discovery stage, biosimulation is a technical tool that predicts future results based on ongoing experimental trials. It is also known as model-based drug development and uses a quantitative framework to enable data-driven decision-making at every level of the drug development process. The quality model has a significant impact on the accuracy of the predictions made by the model-based experiment trials. This technology holds great potential for improving the drug discovery and development cycle in pharmaceutical research. More work is being done by researchers using mathematical modeling and computer simulation to create artificial organs. Technologies for biosimulation are essential in the development of medications to treat cardiovascular and cancer disorders.
Top Key Players Covered In Biosimulation Market
Certara (USA), Dassault Systemes (France), Advanced Chemistry Development (Canada), Simulation Plus (California), Schrodinger, Inc. (US), Chemical Computing Group ULC (Canada), Physiomics Plc (UK), Rosa & Co. LLC (US), BioSimulation Consulting Inc., Genedata AG (Switzerland), Instem Group of Companies (USA), PPD, Inc. (North Carolina), Yokogawa Insilico Biotechnology GmbH (Germany), Immunetrics (US), and other major players.
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Introspective Market Research is a globally trusted Market Research partner delivering comprehensive market research studies that provide businesses with invaluable insights and strategic guidance for informed decision-making. Our studies are based on extensive array of primary and secondary sources and ensures the utmost accuracy and reliability in our findings.
At the core of our study is an in-depth analysis of the Biosimulation market ecosystem, where we thoroughly examine the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies, including SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we offer a comprehensive understanding of both the regulatory landscape and the prevailing trends shaping the industry.
Segmentation Analysis of Biosimulation Market
By Product Type
- Software
- Services
By Application
- Drug Discovery
- Drug Development
- Other Application
By End-Users
- Pharma & Biotech Companies
- Contract Research Organizations
- Academic Research Institutions
- Regulatory Authorities
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Regional Analysis Of Biosimulation Market
Because of its increasing focus on the production of innovative medications through research and development, North America leads the biosimulation market. Because chronic diseases like cancer and cardiovascular disorders are becoming more common in this area, the government and the healthcare industry are investing more money in the development of new drugs. For example, according to the Centers for Disease Control and Prevention's report, 697,000 Americans lost their lives in 2020. In terms of the biosimulation market in North America, the US leads. The US Food and medication Administration (FDA) strongly recommended the use of simulation in the medication research and discovery process. For example, based on the clinical trials report.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Biosimulation Market
Since its launch in Wuhan, China, in December 2019, COVID-19 has spread quickly throughout the world. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the nations that have been most badly affected in terms of confirmed cases and reported deaths. Numerous countries' businesses and industries have been impacted by COVID-19 because to the lockdowns, travel restrictions, and business closures. The healthcare system has benefited from the COVID-19 pandemic.
Key Industry Development In The Biosimulation Market
In August 2020, For Covid-19 vaccines, Certara started developing the Quantitative Systems Pharmacology biosimulation software.
In June 2020, Certara launched new Phoenix Biosimulation software that improves the quality, time-saving and enhanced efficiency in the toxicokinetic and pharmacokinetic/pharmacodynamic modeling.
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