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The biosimulation market size is estimated to grow by USD 4.74 billion at a CAGR of 18.52% between 2023 and 2028. The market is experiencing notable growth, influenced by several key factors. First, an increase in research funding and grants is driving the adoption of biosimulation technologies for computer-aided drug discovery. Second, the integration of big data and advanced mathematical models in biosimulation is transforming how pharmaceutical companies approach drug development, allowing for more precise and efficient simulations. However, challenges remain, including misconceptions surrounding computer system validation and the necessity for standardization and regulatory clarity in biosimulation use within the industry. Despite these hurdles, the outlook for biosimulation is promising, with ongoing innovation and investment anticipated to further stimulate market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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