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Biosimulation Market Is Expected To Reach worth 2,107.99 Million USD by 2020

The report “Biosimulation Market by Product (Software, Molecular Modeling, PB/PK, PKPD, Trial Design, Toxicity Prediction, In-house, Contract Service), by Application (Drug Discovery & Development, Preclinical, Clinical Trial), by End Users - Global Forecast to 2020”, the biosimulation market is expected to reach USD 2,107.99 Million by 2020 from USD 1,034.93 Million in 2015, growing at a CAGR of 15.29% between 2015 and 2020.

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Biosimulation refers to the computer-aided simulation of biological processes and systems, an integral part of systems biology used in drug discovery and development. Biosimulation is used by researchers and biotechnology and pharmaceutical companies for drug discovery and development.

A strong trend of R&D investments in biotechnology and pharmaceutical industries will majorly drive the biosimulation market. Furthermore, factors such as the need to curtail the drug discovery & development cost, technological advancements such as quantitative systems pharmacology and periodic product upgradation will drive the growth of the biosimulation market.

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The application segments of biosimulation will be important revenue pockets during the forecast period (2015–2020). By application, the market is divided into drug discovery, drug development, and other applications (defense, industrial bioprocessing, nutraceuticals, and agri-food production).

The drug development segment is expected to account for the largest share of the biosimulation market in 2015, while the other applications segment is expected to grow at the highest rate. The emerging applications of biosimulation in defense, industrial bioprocessing, nutraceuticals, and agri-food production present significant opportunities for the growth of the global biosimulation market.

North America is expected to account for the largest share of the global biosimulation market in 2015. However, the European market is expected to grow at the highest rate during the forecast period. The growing focus on research-related funding by governments will support innovation and technological advancements in the healthcare sector. This is expected to assist drug discovery and development by pharmaceutical and biotechnology industries and thereby drive the demand for biosimulation. Furthermore, according to the WIPO, Europe accounted for 3,822 pharmaceutical and 1,998 biotechnology patents granted in 2012. Strong growth trends in pharmaceutical and biotechnology industries will aid the growth of the biosimulation market in this region.

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Major players in the global biosimulation market are Certara USA, Inc. (U.S.), Simulation Plus Inc. (U.S.), Dassault Systèmes SA (France), Schrödinger Inc. (U.S.), Advanced Chemistry Development, Inc. (Canada), Chemical Computing Group, Inc. (Canada), Physiomics PLC (U.K.), Entelos Holding Corporation (U.S.), Rhenovia Pharma Ltd. (France), and Genedata AG (Switzerland).

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