UK Biosimulation Market Size & Outlook, 2021-2028
UK biosimulation market, 2016-2028 (US$M)
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UK biosimulation market highlights
- The UK biosimulation market generated a revenue of USD 103.3 million in 2021 and is expected to reach USD 290.2 million by 2028.
- The UK market is expected to grow at a CAGR of 15.9% 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 103.3 million |
| Market revenue in 2028 | USD 290.2 million |
| Growth rate | 15.9% (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, UK accounted for 4.3% 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 Europe, Germany biosimulation market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 290.2 million by 2028.
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Biosimulation Market Scope
Biosimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 69.41% in 2021. Horizon Databook has segmented the UK biosimulation market based on software, services covering the revenue growth of each sub-segment from 2016 to 2028.
Increasing research incorporating biosimulation as a drug development tool is expected to drive the market growth in the country. The key purpose is to integrate multiple areas such as pathology, ethnography, computer graphics, & medical imaging and evaluate the chances of success that fulfills the needs of both health services and individual researchers.
According to NIHR, there has been a small increase in the number of clinical trials that have been conducted in the country. There have been significant improvements in regulatory framework for attracting industry players. Increasing number of clinical research activities and improvements in regulatory framework are expected to boost the market growth during the forecast period.
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Target buyers of UK 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 UK biosimulation market , including forecasts for subscribers. This country databook contains high-level insights into UK biosimulation market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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UK biosimulation market size, by product, 2016-2028 (US$M)
UK Biosimulation Market Outlook Share, 2021 & 2028 (US$M)
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