The report on Bio Simulation Market by product(software and service), by application(drug discovery, drug
development), end users(pharmaceutical and biotechnology companies, contract research organizations
(CROS), regulatory authorities) trends analysis and forecasts up to 2023 studies the market sizes, key trends
and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World.
According to the report the Global Bio Simulation Market is projected to grow at a CAGR between 16.2% to
16.7% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by
significant contribution by North America (Leading region) region to this market.
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Market Insights:
The report identified that global bio simulation is driven by factors such as growth in the biologics and
biosimilars market and increased use of personalized medicines, increase in R&D investments in the
pharmaceutical and biotechnology industries, and, growth in the pharmaceutical and biotechnology
industries. While the restraining factors include lack of trained professionals and lack of standardization.
Further, the report identifies the opportunities in the world market as emerging applications.
Bio simulation provides a systematic approach for integrating the clinical and biological data into functional
metabolic pathways. The applications of bio simulation include obtaining a quantitative understanding of
regulation of blood levels and glucose simulated insulin secretion in order to investigate the role the various
physiological processes play in diabetes and others. Bio simulation is used for target identification &
validation, lead discovery & optimization, preclinical testing and clinical trials.The areas of future research in
bio simulation include obtaining a better understanding of disease heterogeneity and the biological changes
that occur during disease progression to predict the effects of various therapeutic approaches on different
categories of people.
Infinium Global Research