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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Biosimulation Market Size
The global biosimulation market was valued at USD 3.5 billion in 2023, with North America holding a substantial market share. The market is driven by technological advancements in the biosimulation software. 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.
North America Biosimulation Market Report Snapshots
North America Biosimulation Market Size
North America Biosimulation Market Analysis
North America 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 North America biosimulation market is expected to be driven by the rising demand for the global biosimulation 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 growing prevalence of chronic diseases along with the rising healthcare expenditure in the region are fuelling the demand for the market.
One of the significant trends in the market is the increased merger and acquisition initiatives among the key market players. In December 2024, Certara, Inc. acquired Applied BioMath to industrialize quantitative systems pharmacology (QSP) biosimulation methods.
Based on the product, the market is segmented into software and services, among others.
By delivery model, the market is divided into subscription model and ownership model, among others.
End users of the market are pharmaceutical and biotechnology companies, contract research organizations, along with academic and research institutes, among others.
Major application areas of biosimulation include drug development and drug discovery, among others.
The market segmentation by countries includes the United States of America and Canada.
The key players in the market are Dassault Systems, VeriSIM Life, Certara Inc, Genedata AG, SimBioSys, Physiomics PlC, INOSIM Software Gmbh, Schrodinger Inc., Simulation Plus Inc., and Cadence Design Systems Inc. (OpenEye Scientific).
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