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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Middle East and Africa Biosimulation Market Analysis
Biosimulation utilizes computational models and simulations to determine how drugs work, predict side effects and optimal dosing, and design better treatments for diseases. It leverages mathematical and computational techniques to analyze the dynamics of biological systems and how they will respond under different interventions. This approach is increasingly used to identify potential drug candidates due to its ability to accelerate drug development processes in a cost-effective way. The growing interest in in-silico drug discovery is expected to drive the Middle East and Africa biosimulation market growth.
The rising burden of non-communicable diseases also impacts the market dynamics in the region. Recent data states that cardiovascular diseases, cancer, diabetes , and chronic respiratory diseases (amongst four main non-communicable diseases) are responsible for the death of 22,000 people in Saudi Arabia every year. Further, it is estimated that more than 1 in 4 people are affected by any one of the 4 main non-communicable diseases, reflecting the urgent need for effective therapies. This increasing prevalence of diseases is anticipated to create more emphasis on the adoption of biosimulation techniques in order to expedite the development of safer and more targeted treatments. Consequently, this is poised to fuel the Middle East and Africa biosimulation market demand.
One of the major market trends is the increased investment in the pharmacometrics sector, which is likely to augment the demand for biosimulation software and services in the forecast period. For instance, in January 2022, Certara, Inc., a global leader in biosimulation, invested in the Applied Pharmacometrics Training Fellowship program to train African scientists in pharmacometrics and model-based analyses. This investment initiative by Certara in the fellowship program not only stimulates capacity building in Africa but also paves the way for potential market growth opportunities for the company in the region. Other factors such as the rising number of government-backed grants and research funding programs are also contributing to the market growth.
Middle East and Africa Biosimulation Market Report Snapshots
Middle East and Africa Biosimulation Market Size
Middle East and Africa Biosimulation Market Analysis
Middle East and Africa 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 Middle East and Africa 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 burden of chronic diseases and the growing interest in in-silico drug discovery is fuelling the demand for the market.
One of the significant trends in the market involves rising investment in the pharmacometrics sector, which is likely to augment the demand for biosimulation software and services. For instance, Certara, Inc., invested in the Applied Pharmacometrics Training Fellowship program which started in January 2022, to train African scientists in pharmacometrics and model-based analyses.
Based on the product, the market is segmented into software and services, among others.
By delivery model, the market is divided into a subscription model and ownership model, among others.
End users of the market are pharmaceutical and biotechnology companies, contract research organizations, and academic and research institutes, among others.
Major applications of biosimulation include drug development and drug discovery, others.
The market segmentation by countries includes Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, among others.
The key players in the market are Thermo Fisher Scientific Inc., BIO-RAD Laboratories, ILLUMINA, INC., QIAGEN, F. Hoffmann-La Roche LTD., REVVITY, PACBIO, AGILENT TECHNOLOGIES, INC., SYSMEX CORPORATION, BGI, and EUROFINS SCIENTIFIC SE.
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