Biosimulation Market

Global Biosimulation Market Size (2024 to 2029)

The global biosimulation market size was valued at USD 30.77 billion in 2024. It is further predicted to grow and be worth USD 64.63 billion by 2029, growing at a CAGR of 16% between 2024 to 2029.

A predictive tool is needed to help predict potential drug-increasing biosimulation software adoption by regulatory antibody production outcomes by simulating the biological processes involved. Biosimulation is a mathematical simulation aided by computers for biological processes and systems, forming an integral part of systems biology, which uses simplified models due to the complexity of biological systems. The only goal of biosimulation is to predict the behavior and dynamics of the model-based biological systems in response to an organ or a chemical. However, the model's quality, determined by the caliber of the data and the breadth of knowledge, strongly affects the quality of the predictions made using the model.

MARKET DRIVERS

Y-o-Y growth in the number of drug relapse cases due to acquired drug resistance in diseases such as tuberculosis and other bacterial infections is majorly promoting the global biosimulation market growth.

Biosimulation is increasingly being adopted by clinics due to clinical urgency to develop advanced and potent drugs; its use in proteomics and genomics technologies in conjunction to develop advanced therapy models and as simulation modeling for diabetes mellitus-like diseases is additionally expected to play a vital role in the growth of the market. Biosimulation facilitates continued efforts to gain better insights into drug resistance mechanisms and aid the identification of therapies with high potency and lower susceptibility to drug resistance, driving the global biosimulation market. One of the other factors driving the global biosimulation market growth is the rising number of cases of opioid relapse due to acquired drug resistance in diseases such as cancer, tuberculosis, and other bacterial infections. Increased healthcare spending, the advancement of innovative software, and enhanced modeling technology are other factors driving the biosimulation market forward.

An increase in R&D investments in the pharmaceutical and biotechnology industries and Drug research and production costs must be reduced using technologically sophisticated QSP technologies, and biologics are expected to boost the biosimulation market growth. Furthermore, the market's expansion is projected to be fuelled by a robust clinical imperative to develop high-potency, novel medicines. Biosimulation is becoming more popular in the simulation modeling of diabetes mellitus. It is used with proteomic and genomic technology to create innovative therapeutic models. Expanding the biosimilars and biologics markets is another notable trend that has a favorable impact on the growth of the biosimulation market. Also, infrastructure and IT facilities that support research and aid in optimizing existing technologies in the regional markets are expected to propel market growth. Furthermore, favorable reimbursement policies in emerging countries stimulate market growth. In addition, increasing investment and funding by the government and private organizations are encouraging market growth.

Additionally, the factors giving the market a significant boost are regular software updates with technological innovations, stimulating researchers' inclination towards biosimulation, which includes the adoption of DNA chips and predictive models, and others like semantic technologies reducing the time, supporting a finite number of biosimulation elements, reduced cost, and complexity of the overall process.

Furthermore, the growing adoption of biosimulation products by companies involved in drug development studies, rising applications of biosimulation in the drug development process, its use as a tool for understanding clinical outcomes in drug discovery, and an increase in research studies for the development of new drugs along with time-saving and low cost are favoring the biosimulation market growth. The drug discovery and development process usually results in a massive waste of time, money, and other resources due to the failure of a drug molecule and is expensive, leading to the adoption of a predictive tool for simulating the biological processes involved.

MARKET RESTRAINTS

Prolonged therapies, such as diabetes, result in poor patient adherence, which leads to the formation of drug-resistant bacteria and ultimately hinders the global biosimulation market.

Prolonged treatments, such as those used to cure diabetes, may lead to poor patient adherence and the development of drug-resistant bacteria strains, obstructing the overall care plan and necessitating biosimulation. In some regions, unfavorable regulatory frameworks and reimbursement policies are expected to restrain the growth of biosimulation. In biosimulation methodology, there needs to be more standardization. In silico or biosimulation technologies in the drug research or manufacturing phase have yet to be standardized by regulatory bodies. One of the growth restraint factors for the market growth is the lack of trained professionals.

Impact of COVID-19 on the global biosimulation market

The emergence of the global pandemic has positively impacted biosimulation market growth. Healthcare professionals and research institutes are coming forward to provide vaccines for COVID-19. Certara, the world's pioneer in biosimulation, announced the launch of a new biosimulation technology for COVID-19 vaccines and significant improvements to its Immunogenicity and Immuno-oncology QSP systems. Certara has collaborated on these developments with leading multinational pharmaceutical firms to further de-risk and accelerate drug research and growth. Certara's QSP systems hold the potential to strengthen biopharmaceutical research and development and guide decision-making in areas like the formulation of the COVID-19 vaccine. Conventional vaccine development plans can't keep up with determining which vaccines are appropriate for which populations, and there are so many COVID-19 vaccine candidates in the works. Certara is working on a QSP framework for COVID-19 to enable vaccine candidates to be tested across multiple patient populations. This innovative vaccine platform will promote dosing methods for various COVID-19-affected patient cohorts, such as the elderly and infants, by developing interactive patients and virtual trials.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Biosimulation Market Analysis By Product                

The software segment is anticipated to hold a significant share of the global biosimulation market over the forecast period. Biosimulation software helps in virtual clinical trials for new pharmaceutical drugs and is currently being used in developing drugs to mimic disease, which can be conducted using computer simulations. The tailoring of specific research and development requirements and a vast amount of application-specific software in the market help this segment grow.

The contract services segment is poised to register the highest growth rate owing to multi-layered drug development systems through developing new and more precise combination therapies and increasingly complex systems where biosimulation services can be essential.

Global Biosimulation Market Analysis By Application      

The PKPD segment will hold the largest share of the global biosimulation market in 2021. This is because PK and PD are used to describe drug effects over time through mathematical modeling, make quantitative assessments, directly measure drug concentration changes in the body, find factors or directly observe physiological parameters that affect drugs over time.

Global Biosimulation Market Analysis By End User

The pharmaceutical and biotechnology companies segment is anticipated to account for a significant share of the global market during the forecast period owing to the high demand for biosimulation in these companies. It is believed that biosimulation will be the instrument to determine whether a drug candidate would fail in the development process, for example, in clinical trials due to unfavorable side effects, poor pharmacokinetics, or even toxicity. On average, just 11% of all drug candidates are approved. Therefore, to discover drug variants and extend non-patented drug life cycles, leading companies are showing continued efforts by adopting a computer modeling approach.

The CROs segment is estimated to witness the fastest growth rate due to the growing trend of companies to reduce their overall expenses. In recent years, CROs have undergone significant changes, while others have emerged in response to market pressures or the COVID-19 pandemic due to technological advancements. Other drivers include high flexibility to focus on critical areas of development and increased productivity in growing a business.

REGIONAL ANALYSIS

North America is expected to dominate the biosimulation market over the forecast period owing to the growing adoption of silico models, the presence of key market players, ensuring higher standards of treatment and patient safety, the rise of digitalization in healthcare, more enforcement of regulatory policies, and the increasing prevalence of chronic illnesses.

The European market accounted for a substantial global market share in 2021. The growth of the European market is attributed to an increase in the number of regulatory bodies adopting biosimulation, significant demand for biosimulation of innovative drugs, increased momentum in life science research, and due to favorable government policies further contributing to the growth of the regional market.

The Asia-Pacific regional market is expected to grow exponentially over the forecast period due to an increase in the frequency of regulatory bodies adopting biosimulation, increasing public and private sector initiatives, and growing R&D activities in emerging economies. Additionally, the constant upgradation of healthcare infrastructure and allowance of strengthening company ties with its customers because of new offices established in many countries of this region is poised to provide the region with significant growth opportunities. Moreover, the availability of cheap factors of production, the presence of several large contract research organizations, supportive development of pharmaceutical and healthcare industries, and increasing FDI from large multinational pharmaceutical companies are further foreseen to drive the market in this region.

The biosimulation market in Latin America, the Middle East, and Africa are also estimated to record a moderate share in the global biosimulation market during the forecast period owing to the increased momentum in life science research and favorable government rules and initiatives.

KEY PLAYER IN THE GLOBAL BIOSIMULATION MARKET 

Some of the promising companies operating in the global biosimulation market profiled in the report are Institut Straumann AG (Switzerland), Geistlich (Switzerland), DENTSPLY International (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), BioHorizons IPH, Inc. (U.S.), ACE Surgical Supply Company, Inc. (U.S.), RTI Surgical, Inc. (U.S.), LifeNet Health (U.S.) and Dentium (Korea).

RECENT HAPPENINGS IN THE MARKET

• In November 2022, Simulations Plus, Inc., a leading provider of simulation software for pharmaceutical safety, received a new contract through a joint proposal with the University of Florida funded by the United States Food and Drug Administration (FDA) to predict pulmonary absorption, make advancements in vitro PBPK models, and understand tissue retention of inhaled drugs.
• In October 2022, Simulations Plus, Inc., a leading provider of simulation software for pharmaceutical safety, released GastroPlus version 9.8.3 for physiologically based biopharmaceutical (PBBM). / Pharmacokinetic modeling platform (PBPK), and to support statistical analysis of virtual PBPK through new enzyme expression levels.
• In July 2022, a leading biosimulation company, Certara, entered into a two-year collaboration with Memorial Sloan Kettering Cancer Center (MSKCC) for the improvement of CAR T-cell therapy and development of new biosimulation software, with the intent of expanding its biosimulation software capabilities, including analysis and clinical decision support for combination therapies for next-generation CAR T-cell therapies.
• In June 2020, Certara released an improved Phoenix biosimulation program, widely regarded as the industry norm in PK/PD and toxicokinetic modeling and simulation software. The new version has features that improve trial performance and accuracy and save time. This is expected to aid in the growth of the market.
• In August 2020, Certara announced the launch of a biosimulation tool for COVID-19 vaccines. In addition, to assess vaccine candidates across different patient groups, the organization has been designing a Quantitative Systems Pharmacology (QSP) framework for COVID-19.

DETAILED SEGMENTATION OF THE GLOBAL BIOSIMULATION MARKET INCLUDED IN THIS REPORT

This research report on the global biosimulation market has been segmented and sub-segmented into the following categories based on the product, application, end-user, and region.

By Product           

• Software
• Molecular Simulation        
• In House 
• Contract Services

By Application      

• Clinical Trials        
• PKPD       
• ADMIN  

By End User

• Biotech Research
• Pharma and Biotech Companies
• CROs       
• Regulator

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa