LAS VEGAS, Nov. 07, 2017 (GLOBE NEWSWIRE) — The Global Biosimulation Market was evaluated over USD 4.17 billion in 2016 and is anticipated to approximately reach USD 6.00 billion by 2025 while registering a compound annual growth rate (CAGR) of 4.13% over the forecast period. Biosimulation is a procedure wherein computer programs are employed for the biological processes’ simulation. Biosimulation has extensive reaching applications in the area of discovery of new drug and development existing drugs. It is a technique utilized for prognostication and biosimulation is utilized to forecast the future results of existing experiments linked invention and progress of new drugs. The practice of drug discovery as well as development is an expensive one, and the drug molecule’s failure in the recent drug development phase interprets into a huge wastage of money and time along with other resources. Thus, there is a requirement of a prognostic tool that will assist in forecasting the future results of drug development by imitation of the biological processes concerned. This is the most significant factor fueling the global biosimulation industry. The other factors backing up the biosimulation market growth are the rising spending on healthcare and development of improved technology related to simulation and advanced software.
Driver and Restraints of Biosimulation Market
The rising use of pharmacodynamics and pharmacokinetic (PK/PD) modeling in the pre-clinical expansion is anticipated to support the growth of the market considerably in the approaching years. The growing demand for superior technologies to trim down the cost obtained in drug discovery as well as development is the major factor assisting the market’s growth. Additionally, the amplified healthcare expenditure, enhanced simulation, and the introduction of advanced computer technologies and modeling tools boost the global biosimulation market growth. Also, growth in the level of prediction accuracy before actual drug trial is also fueling the growth of the global market. In spite of experiencing optimistic opportunities, the deficiency of appropriate standardization in the biosimulation field has been persistent to be a key reason for concern. Further, factors like insufficient knowledge regarding biological systems and processes and the probability of drug failure in biosimulation present a risk to the global market. However, in the future, the global market will be able to alleviate the most of the abovementioned concerns and display steady growth with the innovations on the card.
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Competitors and Market Classification
According to the application, the global market is divided into; Drug Discovery: Lead Identification, Lead Optimization, Target Identification, and Target Validation and Drug Development: Preclinical Testing and Clinical Trials, and In-Patient Validation. Geographically, the global biosimulation market is segmented in regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada)and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
Major Market Players
- Certara L P.
- Schrodinger LLC
- ACD/Labs
- Accelrys
- Entelos
- Simulation Plus Inc.
- Physiomics plc
- Rhenovia Pharma SAS
- Insilico Biotechnology AG
- LeadScope Inc.
- Insilico biosciences Inc.
- Genedata AG
- Archimedes
- Compugen Ltd.
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Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rise in Incidence of Diabetes
3.3.1.2. Rise in Aging Population
3.3.1.3. High Rate of Drug Resistance
3.3.2. Restraints
3.3.2.1. Lack of Standard Method for Biosimulation
3.3.2.2. Lack of Knowledge and Unavailability of Skilled Professionals
3.3.3. Opportunities
3.3.3.1. Continuous Rise in Demand for Advanced Software Programs
3.3.3.2. Technological Advancements
3.4. Industry Trends
4. Biosimulation Market, By Technique
5. Biosimulation Market, By Application
6. Biosimulation Market, By Region
7. Company Profiles
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