Global Biosimulation Market Size & Outlook, 2024-2030
Global biosimulation market, 2018-2030 (US$M)
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Global biosimulation market highlights
- The global biosimulation market generated a revenue of USD 2,426.5 million in 2021 and is expected to reach USD 6,830.3 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 15.9% by 2028.
- In terms of segment, software accounted for a revenue of USD 1,670.7 million in 2021.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 2,426.5 million |
| Market revenue in 2028 | USD 6,830.3 million |
| Growth rate | 15.9% (CAGR from 2021 to 2028) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 49.8% of the global biosimulation market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Germany is the fastest growing regional market and is projected to reach USD 348.0 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biosimulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosimulation market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 68.85% in 2024. Horizon Databook has segmented the Global biosimulation market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biosimulation Product Outlook (Revenue, USD Million, 2018-2030)
- Software
- Molecular Modeling & Simulation Software
- Clinical Trial Design Software
- PK/PD Modeling and Simulation Software
- Pbpk Modeling and Simulation Software
- Toxicity Prediction Software
- Other Software
- Services
- Contract Services
- Consulting
- Other
- Software
- Global Biosimulation Application Outlook (Revenue, USD Million, 2018-2030)
- Drug Discovery & Development
- Disease Modeling
- Other
- Global Biosimulation Therapeutic area Outlook (Revenue, USD Million, 2018-2030)
- Oncology
- Cardiovascular Disease
- Infectious Disease
- Neurological Disorders
- Others
- Global Biosimulation Deployment Model Outlook (Revenue, USD Million, 2018-2030)
- Cloud Based
- On premise
- Hybrid Model
- Global Biosimulation Pricing Model Outlook (Revenue, USD Million, 2018-2030)
- License based Model
- Subscription based Model
- Service based Model
- Pay Per Use Model
- Global Biosimulation End Use Outlook (Revenue, USD Million, 2018-2030)
- Life Sciences Companies
- Pharmaceutical Companies
- Biopharma Companies
- Medical Devices
- Academic Research Institutions
- Others
- Life Sciences Companies
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Target buyers of Global biosimulation market databook
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Our clientele includes a mix of biosimulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biosimulation market , including forecasts for subscribers. This global databook contains high-level insights into Global biosimulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global biosimulation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biosimulation market size, 2024 (US$M)
Global biosimulation market share, by product, 2024 & 2030 (%, US$M)
Biosimulation market: Opportunity assessment by country
Global biosimulation market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 774.5 | 888.8 | 1,037.6 | 1,219.9 | 1,430.8 | 1,676.0 | 1,950.9 | 2,272.0 | 2,647.4 | 3,086.2 | 3,599.6 | 4,200.4 | 4,904.0 | 16.6% |
| Europe | 421.8 | 483.0 | 562.7 | 660.2 | 772.7 | 903.2 | 1,049.0 | 1,219.0 | 1,417.3 | 1,648.6 | 1,918.5 | 2,233.7 | 2,601.9 | 16.4% |
| Asia Pacific | 282.7 | 329.9 | 391.7 | 468.3 | 558.3 | 664.7 | 786.3 | 930.4 | 1,101.3 | 1,304.1 | 1,544.7 | 1,830.4 | 2,169.7 | 18.5% |
| Latin America | 27.3 | 31.7 | 37.5 | 44.6 | 52.8 | 62.6 | 73.7 | 86.7 | 102.1 | 120.4 | 141.9 | 167.3 | 197.4 | 17.9% |
| MEA | 18.9 | 21.9 | 25.8 | 30.6 | 36.1 | 42.7 | 50.0 | 58.7 | 69.0 | 81.1 | 95.3 | 112.1 | 131.9 | 17.6% |
| Overall | 1,525.1 | 1,755.3 | 2,055.3 | 2,423.5 | 2,850.7 | 3,349.2 | 3,910.0 | 4,567.0 | 5,337.1 | 6,240.3 | 7,300.0 | 8,544.0 | 10,005.0 | 17.0% |
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