About Bio Simulation
Bio simulation denotes simulation of the dynamics of biological systems. It analyzes and predicts system behavior in terms of mathematical expression with the help of modern computers. Bio simulation is a relatively new tool in pharmaceutical drug development & healthcare that has tremendous benefits and improves the predictability in the early stages of drug development. Bio simulation uses a mathematical representation of the real-life processes inside the human body that are expressed in interconnected sets of differential equations. The various technological advancements and increasing occurrences of various chronic diseases will contribute the market growth in the coming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.02% |
The intense competition, changing consumer spending patterns, demographic trends, and increasing investments by key players pose significant growth opportunities for the global bio simulation market in forecast years. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Bio Simulation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Certara (United States), Simulations Plus (United States), Dassault Systèmes (France), Schrödinger (United States), ACD/Labs (Canada), Chemical Computing Group (Canada), Physiomics (United Kingdom), Evidera (United States), In silico biosciences (United States), INOSIM Software (Germany), Insilico Biotechnology (Germany), LeadInvent Technologies (India), Rosa (United States), Nuventra Pharma (United States) and Genedata (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bio Simulation market by Type (Software {Molecular Modeling and Simulation Software, PBPK Modeling and Simulation Software, PK/PD Modeling and Simulation Software, Trial Design Software, Toxicity Prediction Software, Other} and Services {In-house Services, Contract Services}), Application (Drug Development {Preclinical Testing, Clinical Trials}, Drug Discovery{ Target Identification and Validation, Lead Identification and Optimization} and Other) and Region.
On the basis of geography, the market of Bio Simulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Pharmaceutical & Biotechnology Companies will boost the Bio Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Delivery Model, the sub-segment i.e. Subscription Models will boost the Bio Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement QSP Systems
Market Growth Drivers:
Growth Of Pharmaceutical And Biotech Industries, Increasing Adoption Of Bio Simulation Software By Regulatory Bodies and Rising Growth Of Biologics And Biosimilars Markets
Challenges:
Shortage Of Bio Simulation And Modeling Experts
Restraints:
Lack Of Standardization
Opportunities:
Government Investments In R&D, Need to Decrease Drug Discovery and Development Costs and Demand For Personalized Medicines
Market Leaders and their expansionary development strategies
In December 2023, SimBioSys, a company involved in leveraging artificial intelligence and biophysical modeling, has entered a strategic collaboration with UT Southwestern Medical Center to support the expansion of its PhenoScope platform, the company’s multi-modal data analysis platform which generates novel insights for discovery and clinical development, including unique spatial biophysical insights in 4-dimension space.
In June 2023, SandboxAQ Announces Bio-Pharma Molecular Simulation Division To Speed Life-Saving Drugs To Patients Through AI And Quantum Solutions. The division is helping bio-pharma and research institutions achieve breakthroughs in treatments for cancer, Alzheimer’s, Parkinson’s, and other conditions.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bio Simulation Providers, Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.