Biopharmaceuticals Market Value Chain, Factor Analysis, Region and Forecasts Till 2027
Market Highlights According to MRFR analysis, Biosimulation Market is expected to register a CAGR of 15.9% during the forecast period of 2022 to 2030 and is likely to be valued at USD 4.4 Billion by 2030. Biosimulation is a tool used for the prediction of the outcomes of existing clinical trials associated with innovation and new drug development. The growth of the Global biosimulation Market is determined by numerous factors such as the growing adoption of biosimulation software by regulatory bodies, increasing healthcare expenditure, increasing use of pharmacokinetic & pharmacodynamic modelling in pre-clinical development and rising need to reduce the drug development costs. However, lack of standardization in biosimulation methodology and lack of trained professionals for monitoring biosimulation software are likely to hamper the growth of the global biosimulation market during the forecast period. Several market players currently dominate the Globa...