Mexico Biosimulation Market Size & Outlook, 2021-2028
Mexico biosimulation market, 2016-2028 (US$M)
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Mexico biosimulation market highlights
- The Mexico biosimulation market generated a revenue of USD 13.7 million in 2021 and is expected to reach USD 45.7 million by 2028.
- The Mexico market is expected to grow at a CAGR of 18.8% 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 13.7 million |
| Market revenue in 2028 | USD 45.7 million |
| Growth rate | 18.8% (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, Mexico accounted for 0.6% 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 Latin America, Brazil biosimulation market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 45.7 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 69.34% in 2021. Horizon Databook has segmented the Mexico biosimulation market based on software, services covering the revenue growth of each sub-segment from 2016 to 2028.
Mexico is anticipated to grow at a lucrative rate owing to reduced cost of labor and increasing funding opportunities from government organizations in emerging countries, such as Mexico, making it one of the favored destinations for biosimulation activities to curb overall healthcare cost.
However, lack of skilled labor for biosimulation and modeling activities is expected to negatively hamper the market growth. Biosimulation requires high technical knowledge and involves usage of many complex laboratory documentation systems, hence requiring training sessions for any individual performing biosimulation work.
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Target buyers of Mexico 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 Mexico biosimulation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biosimulation market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico biosimulation market size, by product, 2016-2028 (US$M)
Mexico Biosimulation Market Outlook Share, 2021 & 2028 (US$M)
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