Canada Biosimulation Market Size & Outlook, 2021-2028
Canada biosimulation market, 2016-2028 (US$M)
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Canada biosimulation market highlights
- The Canada biosimulation market generated a revenue of USD 83.3 million in 2021 and is expected to reach USD 304.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 20.3% from 2022 to 2028.
- In terms of segment, software was the largest revenue generating product in 2021.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Biosimulation market data book summary
| Market revenue in 2021 | USD 83.3 million |
| Market revenue in 2028 | USD 304.0 million |
| Growth rate | 20.3% (CAGR from 2021 to 2028) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Certara Inc Ordinary Shares, Dassault Systemes SE, Avantium NV, Simulations Plus Inc, Schrodinger Inc Ordinary Shares, Chemical Computing Group, Physiomics, Rosa & Co, Genedata AG, Instem, Yokogawa Electric Corp., Immunetrics |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global biosimulation market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. biosimulation market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 304.0 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 66.27% in 2021. Horizon Databook has segmented the Canada biosimulation market based on software, services covering the revenue growth of each sub-segment from 2016 to 2028.
Canada is anticipated to witness lucrative market growth owing to the rising need for developing new generation therapeutics at relatively lower costs. Encouragement from private and public organizations to incorporate advanced drug development techniques is fueling the market growth in Canada.
For instance, Genome Canada organized Bioinformatics and Computational Biology Competition in 2012 in partnership with Canadian Institutes of Health Research (CIHR). Through this initiative, 17 projects across the country received funding.
Consequentially, this is anticipated to increase the market share and intensify price competition in the country. These factors are expected to create lucrative growth opportunities in Canada in the near future.
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Target buyers of Canada 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 country-level data and insights on the Canada biosimulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada biosimulation market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada biosimulation market size, by product, 2016-2028 (US$M)
Canada Biosimulation Market Outlook Share, 2021 & 2028 (US$M)
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