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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Biosimulation Market Size
The global biosimulation market was valued at USD 3.5 billion in 2023, with Asia Pacific holding a significant market share. The market is driven by the rising advancement in biosimulation technologies. It is expected to grow at a CAGR of 16.90% during the forecast period of 2024-2032, with the values likely to attain USD 14.1 billion by 2032.
Asia Pacific Biosimulation Market Report Snapshots
Asia Pacific Biosimulation Market Size
Asia Pacific Biosimulation Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Asia Pacific biosimulation market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 16.90% during the forecast period of 2024-2032 and is likely to reach a market value of USD 14.1 billion by 2032.
The rising advancement in biosimulation technologies is fuelling the demand for the market.
One of the significant trends in the market is the rise in launches of technologically advanced biosimulation software with enhanced capabilities. In November 2023 , Certara, Inc., introduced Simcyp™ Biopharmaceutics software which is designed to optimize the formulation and development of complex novel and generic small molecule medicines.
Based on the product type, the market is segmented into services and software.
By delivery type, the market is divided into the subscription model and ownership model.
End users of the market are biotechnology and pharmaceutical companies, research institutes, regulatory authorities, and contract research organizations.
Major applications of biosimulation include drug development, and drug discovery, among other applications.
The market segmentation by countries includes Japan, India, ASEAN, and Australia, among others.
The key players in the market are LeadInvent Technologies, Certara Corporation, Simulations Plus, Inc., Dassault Systèmes BIOVIA Corp., Insilico Medicine, Inc., Physiomics plc, BioDuro LLC, Accelrys, Inc., Genedata AG, Rhenovia Pharma, and Biomedical Simulation, Inc.
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