New York, NY, April 02, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Biosimulation Market by Product (Software and Services), by Application (Drug Development, Drug Discovery, and Others), and by End-User (Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Regulatory Authorities, and Academic Research Institutions): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” . According to the report, the global  biosimulation market  was valued at approximately USD 1.65 billion in 2018 and is expected to generate around USD 4.58 billion by 2025, at a CAGR of around 15.7% between 2019 and 2025.

Biosimulation is a biomedical research approach for patient treatment, where computer modeling is utilized along with clinical and experimental trials. It is referred to as a tool used for prediction of the outcomes of existing trials associated with innovation and new drug development.

Browse through 54 Tables & 21 Figures spread over 110 Pages and in-depth TOC on “Global Biosimulation Market: Product, Application, Size, Share, Trends, Industry Segments, Analysis and Forecast, 2018–2025”.

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The course of development and discovery of drug is expensive and the negative outcome of the drug in the late phase of development turns into a huge waste of money, time, and other resources. Therefore, there is a necessity of a predictive and analytical tool that will support the upcoming results of drug development via simulation of the biological procedures involved. This is a major factor propelling the global biosimulation market growth over the forecast time period. The other influencing factors, such as the rising healthcare expenditure and increasing adoption of advanced technology and software, will also support the global biosimulation market growth over the estimated time period.

The global biosimulation market is segmented on the basis of product, application, and end-user. Based on product, the market is segmented into services and software. The services segment is further classified into contract services and in-house services. The software segment is estimated to hold a major share of the global biosimulation market in terms of revenue in the future. This growth can be attributed to the easy access and availability of an extensive array of application specific software based on different needs and interests of users/researchers.

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By application, the market includes drug discovery, drug development, and others. The drug development segment held the major share of the global biosimulation market in 2018, owing to favorable government initiatives for incorporating the advanced software. The drug discovery segment is anticipated to grow at a noteworthy rate, owing to the increasing adoption of biosimulation in pharmacogenetics and pharmacogenomics over the forecast timeline. By end-user, the market is segmented into pharmaceutical and biotechnology companies, contract research organizations, regulatory authorities, and academic research institutions. The contract research organizations segment is estimated to register the highest growth rate in the future.

By region, North America is projected to dominate the global biosimulation market throughout the forecast time period, owing to a large number of clinical trials and drug development practices, increasing growth of pharmaceutical and biotechnology companies, and growing adoption of personalized medicines. The U.S. is expected to dominate the North American biosimulation market and show the highest CAGR during the forecast time period. In the U.S., high adoption of in-silico models and the course of enforcement of regulatory policies to certify high treatment and safety standards patient will contribute lucratively toward the growth of the North American biosimulation market in the years ahead.

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Europe held the second largest share of the global biosimulation market in 2018 and is likely to show remarkable growth in the future. This growth can be attributed to the increasing geriatric population, high prevalence of chronic diseases, and growing R&D spending by biotechnology and pharmaceutical companies across the region. Germany and UK are anticipated to register high growth rates over the forecast timeline, owing to the rising demand for personalized medicines and increasing clinical studies in these countries.

The Asia Pacific biosimulation market is expected to grow rapidly over the forecast timeline, owing to the increasing preference for contract research organizations, developing healthcare infrastructure, and rising expenditure in the healthcare IT sector. Additionally, the rising patient awareness and a growing number of research and development activities will also drive the region’s biosimulation market significantly over the forecast period.

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The Latin American biosimulation market is likely to be dominated by Brazil in the years ahead. This growth can be attributed to the large-scale occurrence of chronic diseases and an increasing number of clinical studies in the country. In the Middle East and Africa, the African countries are expected to show visible growth owing to the introduction of new government initiatives and rapidly expanding healthcare IT sector.

Some key players of the global biosimulation market include Dassault Systèmes SE, Certara USA, Inc., Chemical Computing Group, Physiomics, In Silico Biosciences, INOSIM Software, Advanced Chemistry Development, Inc., Schrodinger, Inc., Genedata AG, and Rhenovia Pharma Ltd., among others.

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This report segments the global biosimulation market as follows:

Global Biosimulation Market: Product Analysis

  • Software
  • Services 
    • In-House Services
    • Contract Services

Global Biosimulation Market: Application Analysis

  • Drug Development
  • Drug Discovery
  • Others

Global Biosimulation Market: End-User Analysis

  • Pharmaceutical and Biotechnology Companies
  • Contract Research Organizations
  • Regulatory Authorities
  • Academic Research Institutions

Global Biosimulation Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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