Press release
Biosimulation Market Provides An In-Depth Insight Of Sales And Trends Forecast To 2026
Biosimulation Market
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Market Dynamics:
Market players are engaged in developing novel biosimulation platform, in order to offer tailored solution in each therapeutic area. This is expected to aid in growth of the market. For instance, in October 2013, Rhenovia Pharma: a biotechnology firm specialized in biosimulation has developed the first simulator for biological mechanism of epilepsy. Moreover, development of new simulator opens new possibilities for research in epilepsy treatment. Rhenovia’ new simulator replicates the basic biological mechanisms of signal transmission between brain cells and simulates its defects leading to epileptic patterns, thereby leading to prevent epileptic seizures.
Accelerated drug discovery development process by key players to favor market growth:
Pharmaceutical companies, non-profit organizations, and healthcare regularity organizations are majorly investing in research and development of drug discovery process. Market players are engaged in exploiting biosimulation techniques for enhancing efficacy of drug discovery and development process, which is expected to drive growth of the biosimulation market. Government of various economies are funding initiatives such as Innovate UK and Horizon 2020 provide businesses and research organizations with grants to drive scientific research. Innovate UK is the UK’s innovation agency and part of UK Research and Innovation, which supported two companies, Adorial Pharma Limited and C4X Discovery, in enabling the development of a novel mathematical-based system of drug discovery. Moreover, in March 2016, C4X Discovery Holdings plc., an innovative drug discovery and development organization announced acquisition of Adorial Limited. Combining these two business, along with support by Innovative UK will accelerate commercial and clinical success of biosimulation.
Key Players:
Key players operating in biosimulation market include,
• Certara,
• L.P.,
• Simulations Plus Inc.,
• Dassault Systèmes (Accelrys),
• Genedata AG,
• LeadScope Inc.,
• Compugen Inc.,
• Schrödinger,
• LLC,
• In Silico Biosciences Inc.,
• Advanced Chemistry Development Inc.,
• Chemical Computing Group ULC,
• Physiomics PLC,
• Pharmaceutical Product Development,
• LLC (Evidera).
Detailed Segmentation:
• Global Biosimulation Market, By Product & Services:
◦ Software
◦ Services
• Global Biosimulation Market, By Application:
◦ Drug Discovery
◦ Drug Development
• Global Biosimulation Market, By End User:
◦ Pharmaceutical & Biotechnology Organizations
◦ Contract Research Organizations (CROs)
◦ Academic Research Institutions
• Global Biosimulation Market, By Geography:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Middle East
◦ Latin America
◦ Africa
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