South Africa Biosimulation Market Size & Outlook
South Africa biosimulation market, 2016-2028 (US$M)
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South Africa biosimulation market highlights
- The South Africa biosimulation market generated a revenue of USD 4.7 million in 2021 and is expected to reach USD 15.0 million by 2028.
- The South Africa market is expected to grow at a CAGR of 18.2% 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 4.7 million |
| Market revenue in 2028 | USD 15.0 million |
| Growth rate | 18.2% (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, South Africa accounted for 0.2% 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 Middle East & Africa, South Africa biosimulation market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 15.0 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 68.09% in 2021. Horizon Databook has segmented the South Africa biosimulation market based on software, services covering the revenue growth of each sub-segment from 2016 to 2028.
In the past, presence of inadequate infrastructure along with economic and socio-political problems impeded the growth of clinical research in the country. However, at present, South Africa is emerging as a lucrative market for life sciences research.
Furthermore, majority of the individuals enrolled in clinical trials have not received any treatment for the disease previously. Lesser risk of litigation coupled with lower costs of conducting clinical research in the country is attracting outsourcing companies, thus boosting the adoption of biosimulation software & services.
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Target buyers of South Africa 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 South Africa biosimulation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biosimulation market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa biosimulation market size, by product, 2016-2028 (US$M)
South Africa Biosimulation Market Outlook Share, 2021 & 2028 (US$M)
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