Biosimulation Market 2022
New Study Reports “Biosimulation Market 2022, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2027” has been Added on PMR.
Report Overview
The report published on Biosimulation Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2030 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of Biosimulation Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
The global biosimulation market is slated to touch a value of about US$ 1,750 Mn in the year 2027 and grow at a robust CAGR during the assessment period.
In the process of biosimulation, the computer aided mathematical models are used to simulate the biological processes. Biosimulation is an important part of systems biology and helps in the discovery and development of new drugs, in the area of drug metabolism and in the modeling of biomedical systems that are complex. There is a growing demand for reduction in the cost of discovery of new drugs and the risk of failure at a later stage in the development of new drugs is too high.
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- Certara, LP
- Simulations Plus, Inc..
- Dassault Systemes SE
- Schrodinger, Inc
- Advanced Chemistry Development, Inc.
- Entelos, Inc.
- Evidera, Inc.
- Genedata AG
- Leadscope Inc
- Acceryls Inc.
- Others.
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4 Forecast Highlights on Global Biosimulation Market
- As per the forecast of Persistence Market Research, the services product type segment is slated to touch a value of nearly US$ 700 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The services product type segment is estimated to account for more than one-third of the revenue share of the product segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
- As per the forecast of Persistence Market Research, the pharmaceutical and biotech companies segment will reach a value of about US$ 350 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical and biotech companies segment is forecasted to account for more than one-third of the total revenue share of the end user segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
- As per the forecast of Persistence Market Research, the drug development segment is slated to reach a value of nearly US$ 1,000 Mn in 2022. The drug development segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the drug development segment.
- Persistence Market Research forecasts the U.S. biosimulation market to exhibit a compound annual growth rate (CAGR) of more than 13% from 2017 to 2022.
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