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(India.CityRegions.Com, September 15, 2018 ) According to Verified Market Intelligence, the global biosimulation market was valued at USD 1,192.38 million in 2016 and is projected to reach USD 4,267.1 Million by 2025, growing at a CAGR of 15.22% from 2016 to 2025.
Biosimulation refers to a technology which is aided by computer programs to simulate the biological processes and systems especially used in pharmaceutical companies. It has a wide application in enhancing drug discovery and development of new drugs. The biosimulation software mainly consists of data software and mathematical tools that helps in predicting the effect of a particular drug on a biological component.
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The growth of pharmaceutical and biotech industries, encouragement by the government for the investments in R&D, adaptations of novel analytical methods on clinical studies and investments in research and development in pharmaceutical companies has been driving the global biosimulation market. While limited knowledge of the technology and lack of IT professionals acts a potential restraint for the overall market at a global level.
The major players in the market are as follows:
Certara USA, Inc. Simulation Plus, Inc. Dassault Systems SA Schrondinger Inc. Advanced Chemistry Development Chemical Computing Group, Inc. Entelos Holding Corp. Genedata Ag Physiomics PLC Rhenovia Pharma Ltd.
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About Us: Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Contact Information:
Verified Market Research Contact Person: Ankush Tel: +1650781 4080 Email us: sales@verifiedmarketresearch.com
Verified Market Research
Amaan Kazi
+1 (650) 781 4080
amaankazi@verifiedmarketresearch.com
Source: EmailWire.Com
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