India Biosimulation Market Size & Outlook, 2021-2028
India biosimulation market, 2016-2028 (US$M)
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India biosimulation market highlights
- The India biosimulation market generated a revenue of USD 63.3 million in 2021 and is expected to reach USD 215.1 million by 2028.
- The India market is expected to grow at a CAGR of 19.1% 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 63.3 million |
| Market revenue in 2028 | USD 215.1 million |
| Growth rate | 19.1% (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, India accounted for 2.6% 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 Asia Pacific, Japan biosimulation market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 215.1 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 69.19% in 2021. Horizon Databook has segmented the India biosimulation market based on software, services covering the revenue growth of each sub-segment from 2016 to 2028.
Presence of contract research organizations and easy availability of resources & low-cost labor are among the key factors contributing to the increasing number of clinical trials across the country.
The India biosimulation market is anticipated to grow exponentially and is driven by an increase in the number of international collaborations & outsourcing of clinical trials by key pharmaceutical & biopharmaceutical companies.
The Indian Council of Medical Research (ICMR) issued Ethical Guidelines for Biomedical Research on Human Subjects in 2000 for improved conduct of clinical trials in India, thus presenting potential for expedited market growth for biosimulation.
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Target buyers of India 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 India biosimulation market , including forecasts for subscribers. This country databook contains high-level insights into India biosimulation market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India biosimulation market size, by product, 2016-2028 (US$M)
India Biosimulation Market Outlook Share, 2021 & 2028 (US$M)
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