
Source: businesswire | Published on: Friday, 10 January 2025
DUBLIN--(BUSINESS WIRE)--The "Biosimulation Market (2024 Edition): Analysis By Type (Services, Software), By Application, By Deployment Model Outlook, By Region, By Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.
The Global Biosimulation market showcased growth at a CAGR of 16.05% during 2020-2023. The market was valued at USD 6.09 billion in 2023 which is expected to reach USD 14.57 billion in 2030. This report provides an analysis for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
Biosimulation involves the use of computer-aided modeling and simulation techniques to predict the behaviour and outcomes of biological processes, drug interactions, and disease progression. It plays a critical role in drug discovery, development, and precision medicine by minimizing costs and reducing time-to-market for new therapies.
The growth of this Market is expected to be fuelled by ongoing technological advancements, increasing adoption across various sectors, and the expanding applications of Biosimulation in defence, industrial bioprocessing, nutraceuticals, and agri-food production.
The global ELISA diagnostics market is projected to grow significantly, with its adoption driven by the increasing burden of diseases such as HIV, hepatitis, and autoimmune conditions. The test's reliability, sensitivity, and adaptability to various sample types make it a preferred choice in clinical and research settings.
Americas holds the largest market share driven by advanced R&D infrastructure, strong pharmaceutical and biotechnology industries, and favourable regulatory support from agencies like the FDA. The United States dominates this region due to extensive investments in drug discovery and precision medicine.
Emerging markets in Asia-Pacific and the Middle East and Africa are witnessing accelerated growth, spurred by improved healthcare access and rising awareness of early disease detection.
Scope of the Report
Analyst Recommendations
Global Biosimulation Market: Historic and Forecast
Impact Analysis of Macro Economic Factors on Biosimulation Market
Global Biosimulation Market Segmentation: By Type
Global Biosimulation Market Segmentation: By Application
Global Biosimulation Market Segmentation: By Deployment Model Outlook
Competitive Positioning
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ea7gti
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