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Biosimulation Market by Biotech, Clinical Trials, Pharma Companies, CROs, In House, Contract Services in North America and Europe - Growing at 15.9% CAGR to 2022 and Projected to Reach USD 2.88 Billion
Biosimulation Market 2022
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Study estimates biosimulation market size for 2018 & projects its demand till 2022. In primary research process, various sources from both demand side & supply side were interviewed to obtain qualitative and quantitative information for report.
Biosimulation is a relatively new discipline, which uses many of the advanced methods of chaos research to describe and explore biological systems by means of computer models. A simulation model translates our knowledge about the biological system into mathematical equations. In the initial stage of the drug development process, one can use the simulation model to test any hypothesis.
Biosimulation market is projected to reach USD 2.88 Billion by 2022 from USD 1.38 Billion in 2017, at a CAGR of 15.9%. Factors like increase in R&D investments in pharmaceutical & biotechnology industries, growing adoption of biosimulation software by regulatory bodies, technologically advanced QSP systems, need to curtail drug discovery & development costs, & growth in biologics and biosimilars markets are driving growth of market.
The objectives of this study are as follows:
• To define, describe, segment and forecast the global biosimulation market on the basis of product & service, application, delivery model, end user, and region
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, challenges, and market-specific trends)
• To analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of competitive landscape for market leaders
• To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia, and the Rest of the World (RoW)
• To profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as agreements, partnerships, and collaborations; acquisitions; and product launches & upgrades; expansions; and R&D activities in the global biosimulation market
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Biosimulation market report will help stakeholders to understand competitive landscape better & gain insights to position their businesses & help companies make suitable go-to-market strategies. Report also helps stakeholders understand pulse of market & provide them with information regarding key market drivers & opportunities.
North America is expected to account for the largest share of the market followed by Europe. However, Europe is expected to register the highest CAGR during the forecast period. The growing focus on research-related funding activities by governments is expected to assist in the development of drug discovery and development process, thus driving the demand for biosimulation in European region.
Target Audience for Biosimulation Market Report:
• Biosimulation product manufacturers, vendors, and distributors
• Market research and consulting companies
• Regulatory authorities
• Associations related to pharmaceutical and biotechnology research
• Biotechnology and pharmaceutical companies
• Academic and government research institutes
• Contract research organizations (CROs)
The biosimulation market is segmented into software and services. The biosimulation services segment is projected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the recurring need for services such as data analysis, and consulting services.
More Information on “Biosimulation Market by Product (Software, Molecular Simulation, In House, Contract Services), Application (Clinical Trials, PKPD, ADME), Delivery (Subscription, Ownership), End User (Biotech, Pharma Companies, CROs, Regulatory) - Global Forecast to 2022” research report can be requested at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=199952 .
Top players in biosimulation market operating are Certara (US), Simulation Plus (US), Dassault Systèmes (France), Schrödinger (US), ACD/Labs (Canada), Chemical Computing Group (Canada), Physiomics (UK), Evidera (US), In silico biosciences (US), INOSIM Software (Germany), Insilico Biotechnology (Germany), LeadInvent Technologies (India), Rosa (US), Nuventra Pharma (US), and Genedata (Switzerland).
Premium Insights
1 Biosimulation Market Overview
2 Biosimulation Software Market, By Type
3 Geographic Analysis: Biosimulation Market in Europe, By End User and Country
4 Biosimulation Drug Developement Market, By Type
Primary sources from demand side include various industry CEOs, vice presidents, marketing directors, technology & innovation directors, & related key executives from various players in biosimulation market.
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