Learn about the global biosimulation market through The Business Research Company, which provides information on biosimulation market size, biosimulation market drivers and restraints, biosimulation market players, the COVID-19 impact on the biosimulation market, and more.

The global biosimulation market is expected to grow from $2.71 billion in 2020 to $3.17 billion in 2021 at a compound annual growth rate (CAGR) of 17.1%. The change in growth trend of the biosimulation market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The biosimulation market is expected to reach $5.29 billion in 2025 at a CAGR of 13.7%.

The surge in healthcare expenditure worldwide is expected to drive innovation in biosimulation manufacturing, thus driving the market during the forecast period.

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The biosimulation market consists of sales of biosimulation software and services by entities (organizations, sole traders, and partnerships) that are engaged in garnering a better understanding of biological processes using computer simulations. Biosimulation is a mathematical simulation process that uses computers to replicate biological processes and systems. The aim of biosimulation is a model-based prediction of the dynamics and behavior of biological systems.

Global biosimulation market segments include:
By Product: Software, Services
By Application: Drug Development, Drug Discovery, Others
By End User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations (CROs), Regulatory Authorities, Academic Research Institutions, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the biosimulation market in 2020.

Product innovation is an emerging trend in the biosimulation market. Several companies operating in the biosimulation sector are focused on developing new and advanced solutions for biosimulation.

TBRC’s biosimulation market report covers:

Major Market Players: Certara, Dassault Systèmes, Schrödinger Inc., Simulations Plus Inc., Rhenovia Pharma, Insilico Biotechnology AG, Genedata AG, Entelos Inc., Physiomics plc, Rosa & Co. LLC., In silico biosciences Inc., INOSIM Software, LeadInvent Technologies, Nuventra Pharma, and Archimedes.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Biosimulation Global Market Report 2021 : COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides biosimulation market overviews, analyzes and forecasts market size, share, biosimulation market players, biosimulation market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biosimulation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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