United States is expected to account for more than 40% of the Biosimulation Market by 2032 | FMI
The global Biosimulation Market was estimated to be worth roughly US$ 2.6 billion in 2021; however, a CAGR of 21.5% is predicted for the following ten years, meaning that by the end of 2032, the market is likely to have grown to be worth US$ 20.9 billion. The need for biosimulation will be driven by the requirement for novel drug development to combat emerging diseases.
According to the report’s conclusions, biosimulation software will continue to be crucial for the market because it will account for the majority of sales. Software biosimulation will give the trials better and more effective findings, and there are many different types of software accessible for different types of research and application. From 2015 through 2021, the software segment’s revenue increased at a CAGR of 14.3%.
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North America holds the largest market for biosimulation. The rising chronic disease among the population in the region and regulations implemented by the governments for patient safety and treatment standards is driving the demand for biosimulation in the region
Revenue through Drug Development to Continue growth Axis For Biosimulation Market
Pharmaceutical companies use biosimulation for drug development. During a drug, development process biosimulation helps to identify the possible effects that the drug can have on a patient. The market through the drug development segment recorded a CAGR of 16.3% during 2015-2021.
Biosimulation Market: Competition Insights
- Dassault Systemes
- Advanced Chemistry Development
- Simulation Plus Inc
- Schrodinger, Inc.
- Chemical Computing Group
- Physiomics Plc
- Rosa & Co. LLC
- BioSimulation Consulting Inc.
- Genedata AG
- Instem Group of Companies
- PPD, Inc.
- Insilico Biotechnology AG
- Rhenovia Pharma
- LeadInvent Technologies
- Nuventra Pharma
- In Silico Biosciences
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Some of the recent developments by key providers of biosimulation are as follows:
- In June 2022, Certara announced its new version of Biosimulation software for the progress of Novel Biologics. The new version includes Immunogenicity (IG), Immuno-Oncology (IO), and Vaccine simulators to understand and predict how drugs work and point out the key questions in the development of novel biologic therapies.
- In June 2022, Genedata AG announced that Syros Pharmaceuticals has chosen Genedata AG’s Genedata Profiler as its data integration and investigative platform to accelerate its translational research strategy.
- In March 2022, Advanced Chemistry labs announced that Pharmaron Inc. has chosen its NMR processing and interpretation software.
- In March 2022, Simulation Plus, Inc. released its Membrane Plus 3.0 software. The new software includes improved data handling and simulation performance for in vitro-in vivo for extrapolation (IVIVE) for permeability, skin penetration, and release assay systems.
- In February 2022, the US Food and Drug Administration (FDA) approved the license for Certara’s Immunogenicity (IG) stimulator to research and assess immunogenicity in protein-based remedies.
- In February 2022, Physiomics Plc updated a new agreement with ValiRx plc. According to the new agreement, ValiRx will be able to use Physiomics Plc’s latest version of its Virtual Tumour technology. Physiomics Plc will also help ValiRx in modeling the use of VAL201 peptide in endometriosis (VAL301) and Coronavirus (BC201).
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Key Segments Covered in Biosimulation Industry Survey
Biosimulation Market by Product Type:
- In-house services
- Contract services
Biosimulation Market by Deployment Mode:
- Drug Development
- Drug Discovery
- Other Applications
Biosimulation Market by End-use:
- Pharmaceutical &Biotechnology Companies
- Regulatory Authorities
- Academic Research Instituitons
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