The global biosimulation market is growing at a CAGR of nearly 16.0% during the forecast period. The major factors that are augmenting the growth of the market is urgency to develop and promote modern drugs. Furthermore, rising trend of surrogacy, growing infrastructure and increasing healthcare spending by government are also estimated to be the major factors that are contributing significantly towards the growth of the market. The growth of market is also attributed to increase in spending on R&D by pharmaceutical and biotechnology.
However, there are certain factors that are affecting the growth of the market. High cost of drugs and treatment, low accuracy rate of the treatment and lack of awareness among people in the untapped regions for the uses of drugs. In addition to this, the stringent government regulations can affect the market and can be the major hindrance for the growth of the market.
Segmental Outlook
The market is segmented on the basis of application, product and end-user. By application, the market is segmented into drug development, drug discovery and other applications. Further, based on the product segment, the market is segmented into software, services and external/contract services. Moreover, based on the end-user segment, the market is segmented into biotechnologies and pharmaceutical companies, drug discovery and drug development companies, education centres and research institutes, regulatory authorities and others.
Global Biosimulation Market Share by Application, 2019 (%)
Drug Development segment hold a significant market share in 2020. The drug development market growth is driven by increasing availability of modern drugs. The clinical trial services will further get increased when there are growing numbers in the R&D expenditure. The providers which develop drugs includes Simulation Plus, Genedata AG, Compugen, Certara, Evidara, Medtronic, Johnson & Johnson and many more. Further, effective drugs are expected to contribute to the market growth. For instance, in August 2020, Certara received and FDA approval for its Imbruvica drug after two trials made by the authority for the same.
Regional Outlooks
Global Bio-simulation market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of the geography, market is bifurcated into North America, Europe, Asia Pacific and Rest of the World. North America is estimated to be the leading region in the global infertility market. Huge adoption of bio-simulation technologies and high healthcare spending are the factors contributing to growth of the market in the region. Asia Pacific is estimated to be the fastest growing region during the forecast period 2020-2027.
Global Biosimulation Market Growth, by Region 2020-2026
Asia-Pacific will have considerable growth in the global Bio-simulation market
The Asia-Pacific region is expected to create opportunities for the global market players due to rise in population in the emerging economies like China, Japan and India. Further, the government and non-government organizations will support the growth of new advanced drugs. The increase in awareness among people with time will also contribute to market’s growth.
Market Players Outlook
Key players of the bio-simulation market are Certara, Dassault Systèmes, Genedata AG, Johnson & Johnson, Simulation Plus, Schrödinger, Inc, Compugen, Physiomics Plc Rosa & Co. LLC, Rti Surgical, Leadinvent Pharma Inc, Medtronic, Nuventra Pharma Sciences, Advanced Chemistry Development . In order to survive in the market these players adopt different marketing strategies such as merger, acquisitions, product launch, and geographical expansion so on. For Example: In October 2019, Dassault Systèmes acquired Medidata Solutions, Inc for enhancement in clinical trials and cloud-based solutions.
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules and Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Dassault Systèmes SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Schrödinger, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Genedata AG
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Certara Holding, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Simulations Plus
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Biosimulation Market by Application
5.1.1. Drug Discovery
5.1.2. Drug Development
5.1.2.1. Preclinical Testing
5.1.2.2. Clinical Trials
5.2. Global Biosimulation Market by Product
5.2.1. Software
5.2.1.1. Pharmacokinetic/Pharmacodynamic (Pk/Pd) Modelling and Simulation Software
5.2.1.2. Molecular Modelling andSimulation Software
5.2.1.3. Physiologically Based Pharmacokinetic Modelling (Pbpk) Modelling andSimulation Software
5.2.1.4. Toxicity Prediction Software
5.2.1.5. Trial Design Software
5.2.2. Services
5.2.2.1. In-House
5.2.2.2. Contract
5.3. Global Biosimulation Market by End-User
5.3.1. Biotechnology and Pharmaceutical Companies
5.3.2. Contract Research Organizations (CROs)
5.3.3. Regulatory Authorities
5.3.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Advanced Chemistry Development, Inc.
7.2. Cell Works Group, Inc.
7.3. Evidera (Pharmaceutical Product Development (PPD), LLC)
7.4. Genomatica Inc.
7.5. GNS Healthcare
7.6. In Silico Biosciences, Inc.
7.7. INOSIM Software GmbH
7.8. LeadInvent Pharma Inc.
7.9. Nuventra Pharma Sciences
7.10. Physiomics Plc
7.11. RHENOVIA Pharma
7.12. Rhenovia Pharma SAS
7.13. Rosa & Co. LLC
7.14. VeriSIM Life
1. GLOBAL BIOSIMULATION MARKET RESEARCH AND FORECAST BY APPLICATION,2020-2027 ($MILLION)
2. GLOBAL BIOSIMULATION IN DRUG DISCOVERY MARKET RESEARCH AND FORECAST BY REGION,2020-2027 ($ MILLION)
3. GLOBAL BIOSIMULATION IN DRUG DEVELOPMENT MARKET RESEARCH AND FORECAST BY REGION,2020-2027 ($MILLION)
4. GLOBAL BIOSIMULATION MARKET RESEARCH AND FORECAST BY PRODUCT, 2020-2027 ($MILLION)
5. GLOBAL BIOSIMULATION SOFTWARE MARKET RESEARCH AND FORECAST BY REGION, 2020-2027($MILLION)
6. GLOBAL BIOSIMULATION SERVICES MARKET RESEARCH AND FORECAST BY REGION, 2020-2027 ($MILLION)
7. GLOBAL BIOSIMULATION MARKET RESEARCH AND FORECAST BY END-USER,2020-2027 ($MILLION)
8. GLOBAL BIOSIMULATION IN BIOTECHNOLOGY AND PHARMACEUTICAL COMPANIES MARKET RESEARCH AND FORECAST BY REGION, 2020-2027($MILLION)
9. GLOBAL BIOSIMULATION IN CROs MARKET RESEARCH AND FORECAST BY REGION, 2020-2027, ($ MILLION)
10. GLOBAL BIOSIMULATION IN REGULATORY AUTHORITIES MARKET RESEARCH AND FORECAST BY REGION,2020-2027($ MILLION)
11. GLOBAL BIOSIMULATION IN OTHER END-USERS MARKET RESEARCH AND FORECAST BY REGION, 2020-2027 ($MILLION)
12. GLOBAL BIOSIMULATION MARKET RESEARCH AND FORECAST BY GEOGRAPHY, 2020-2027($MILLION)
13. NORTH AMERICA BIOSIMULATION MARKET RESEARCH AND FORECAST BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICA BIOSIMULATION MARKET RESEARCH AND FORECAST BY APPLICATION, 2020-2027 ($ MILLION)
15. NORTH AMERICA BIOSIMULATION MARKET RESEARCH AND FORECAST BY PRODUCT, 2020-2027 ($ MILLION)
16. NORTH AMERICA BIOSIMULATION MARKET RESEARCH AND FORECAST BY END USER, 2020-2027 ($ MILLION)
17. EUROPE BIOSIMULATION MARKET RESEARCH AND FORECAST BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPE BIOSIMULATION MARKET RESEARCH AND FORECAST BY APPLICATION, 2020-2027 ($ MILLION)
19. EUROPE BIOSIMULATION MARKET RESEARCH AND FORECAST BY PRODUCT 2020-2027, ($ MILLION)
20. EUROPE BIOSIMULATION MARKET RESEARCH AND FORECAST BY END USER, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC BIOSIMULATION MARKET RESEARCH AND FORECAST BY COUNTRY, 2020-2027($ MILLION)
22. ASIA-PACIFIC BIOSIMULATION MARKET RESEARCH AND FORECAST BY APPLICATION, 2020-2027($ MILLION)
23. ASIA-PACIFIC BIOSIMULATION MARKET RESEARCH AND FORECAST BY PRODUCT,2020-2027 ($ MILLION)
24. ASIA-PACIFIC BIOSIMULATION MARKET RESEARCH AND FORECAST BY END USER,2020-2027 ($ MILLION)
25. REST OF THE WORLD BIOSIMULATION MARKET RESEARCH AND FORECAST BY APPLICATION, 2020-2027 ($ MILLION)
26. REST OF THE WORLD BIOSIMULATION MARKET RESEARCH AND FORECAST BY PRODUCT, 2020-2027 ($ MILLION)
27. REST OF THE WORLD BIOSIMULATION MARKET RESEARCH AND FORECAST BY END USER, 2020-2027 ($ MILLION)
1. GLOBAL BIOSIMULATION MARKET SHARE BY APPLICATION,2020 VS 2027 (%)
2. GLOBAL BIOSIMULATION MARKET SHARE BY PRODUCT 2020 VS 2027 (%)
3. GLOBAL BIOSIMULATION MARKET SHARE BY END USER,2020 VS 2027 (%)
4. GLOBAL BIOSIMULATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027(%)
5. NORTH AMERICA BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
6. US BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
7. CANADA BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
8. EUROPEAN BIOSIMULATION MARKET SIZE 2020-2027 ($ MILLION)
9. UK BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
10. FRANCE BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
11. GERMANY BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
12. ITALY BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)
13. SPAIN BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
14. ROE BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
15. ASIA PACIFIC BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
16. INDIA BIOSIMULATION MARKET SIZE, 2020-2027 ($ MILLION)
17. CHINA BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
18. JAPAN BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
19. REST OF ASIA-PACIFIC BIOSIMULATION MARKET SIZE,2020-2027 ($ MILLION)
20. REST OF THE WORLD BIOSIMULATION MARKET SIZE,2020-2027 ($MILLION)