The Global Biosimulation Industry, valued at approximately US$ 2.6 billion in 2021, is poised to experience unprecedented growth, projected at a remarkable CAGR of 21.5% over the next decade. By the end of 2032, the market is anticipated to reach a staggering US$ 20.9 billion, driven by the imperative need for the development of innovative pharmaceuticals to combat the rise of various ailments worldwide.
The latest market analysis report highlights the pivotal role of biosimulation software in steering this phenomenal growth trajectory. As revealed in the findings, a substantial portion of revenue within the biosimulation market will be generated through the software segment. The adoption of biosimulation software is crucial for enhancing the efficiency of trials, providing better and more accurate results.
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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 Global Biosimulation Industry
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.
Global Biosimulation Industry: Competition Insights
- Certara
- 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).
Key Segments Covered in Global Biosimulation Industry Survey
Biosimulation Market by Product Type:
- Services
- In-house services
- Contract services
- Software
Biosimulation Market by Deployment Mode:
- Drug Development
- Drug Discovery
- Other Applications
Biosimulation Market by End-use:
- Pharmaceutical &Biotechnology Companies
- CROs
- Regulatory Authorities
- Academic Research Instituitons
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