Biosimulation refers to simulation of biological processes by means of computer program. Biosimulation technology has wide application in drug discovery and development. It is a predictive tool and used in discovery stage to determine the future outcomes of current experimental trials. The report provides in-depth analysis of the different segments for global biosimulation market and comprehensively determines the market drivers, major constraints and potential opportunities. Pin-point analysis of leading company profiles and their strategies would be helpful to professionals to gain the competitive intelligence. Complete assessment of past and current market trends would be helpful for future projections.
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Global biosimulation market is highly competitive, which is dominated by few big players; whereas, rest of the market is highly fragmented. The leading companies in global biosimulation market include Accelrys inc., Schrodinger, ACD/Labs, LeadScope, Certara, Rhenovia, Archimedes, Genedata and Insilico BioTechnology. Companies are focusing on the strategy of collaborations and partnerships to aid the innovation. Accelrys Inc. has signed a three-year agreement with Pfizer for the use of its modeling and simulation software by Pfizerโs researchers worldwide.
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- This report offers the following benefits in particular:
- Broad coverage of global biosimulation market including drivers, restrains and opportunities would assist professionals to understand the market behavior
- Comprehensive analysis of different segments helps to recognize and exploit future opportunities within global biosimulation market
- Competitive Landscape section offers profound assessment of leading company portfolios, technological advances, collaborations and partnerships, which would be informative to professionals in corporate sector
- Porterโs five forces tool provides in-depth analysis of current market trends, which would be beneficial in strategic decision making
The global biosimulation market has two broad application categories, namely drug discovery and drug development. Applications in drug discovery includes Lead identification, Lead optimization, Target identification, Target validation; whereas, applications in drug development include, Preclinical testing and clinical trials and Patient validation. Application of pharmacokinetic/pharmacodynamic model (PKPD) in pre-clinical testing would be the most opportunistic area for the growth of drug discovery and drug development process.
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Geographically, global biosimulation market is segmented into North America, Europe, Asia and LAMEA. North America commands the global biosimulation market and holds more than half of the share value as compared to total global sale. This growth in North America is significantly driven by off patenting of many drugs and search for new drug moiety. Europe stands next to North America for global biosimulation market where growth is majorly driven by government initiatives. Asia-pacific is emerging market where the growth is driven by increase in number of CROโs.
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