Global Bio Simulation Market
Bio Simulation Marketwas valued at USD 1,192.38 million in 2016 and is projected to reach USD 4,267.1 Million by 2025, growing at a CAGR of 15.22% from 2016 to 2025.
Bio Simulationis another analytical software type which is designed for the convenience of Healthcare centers.The bio simulation market is usually stimulated by pharmaceutical companies, due to riska involved in clinical trials on living organisms. The bio simulation soft wares are mathematical tools and data software that can predict the reaction of biological components to particular medication or drugs.
1. Market Drivers
1.1 Growth of pharmaceutical and biotech industries
1.2 Government encourages investments in R&D
1.3 Investments in research and development in pharmaceutical companies
1.4 Adaptations of novel analytical methods on clinical studies
2. Market Restraints
2.1 Limited knowledge of the technology
2.2 Lack of IT professionals
Bio Simulation Marketis segmented on the basis of:
1. Bio Simulation Market, byProduct:
1.1.1 PK/PD modeling and simulation software
1.1.2 Molecular modeling and simulation sotware
1.1.3 Toxicity prediction software
1.1.4 Trial design software
1.1.5 Pbpkmodeling and simulation software
2. Bio Simulation Market, by end user:
2.1 Pharmaceutical and Biotechnology Companies
2.2 Academic and Government Research Institutes
2.3 Contract Research Organizations
2.4 Regulatory Authorities
3. Bio Simulation Market, Application :
3.1 Drug development
3.1.1 Preclinical Testing
3.1.2 clincal trials
3.2 Drug discovery
3.2.1 Target Identification and validation
3.2.2 Lead identification and optimization
4. Bio Simulation Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, Japan, India, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
1. certara USA, Inc.
2. Simulation Plus, Inc.
3. Dassault Systems SA
4. Schrondinger Inc.
5. Advanced Chemistry Development
6. Chemical Computing Group, Inc.
7. Entelos Holding Corp.
8. Genedata Ag
9. Physiomics PLC
10. Rhenovia Pharma Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Bio Simulation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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