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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Middle East and Africa Biosimulation Market Size
The global biosimulation market was valued at USD 3.5 billion in 2023, with the Middle East and Africa holding a significant market share. The market is driven by the rising investments in the drug discovery activities. 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.
Middle East and Africa Biosimulation Market Outlook
- The market size is influenced by the growing adoption of biosimulation techniques to identify potential drug candidates and expedite the development of safer and more targeted treatments with accurate dosing regimen.
- The market is witnessing multiple investment activities aimed at stimulating the growth of the pharmacometrics sector are expected to boost the Middle East and Africa biosimulation market share. 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.
- It is estimated that more than 1 in 4 people are affected by non-communicable diseases in Saudi Arabia. This increasing prevalence of diseases is likely to create more emphasis on the adoption of biosimulation techniques, thereby fuelling the market demand.
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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