New Analysis from Global Industry Analysts Reveals Steady Growth for Biosimulation Technology, with the Market to Reach $4.2 Billion Worldwide by 2026 Technology New Analysis from Global Industry Analysts Reveals Steady Growth for Biosimulation Technology, with the Market to Reach $4.2 Billion Worldwide by 2026

FACTS AT A GLANCE
Edition: 15; Released: April 2021
Executive Pool: 461
Companies: 22 – Players covered include 3DS BIOVIA; Advanced Chemistry Development, Inc. (ACD/Labs); Certara USA, Inc.; Genedata AG; Schrodinger LLC and Others.
Coverage: All major geographies and key segments
Segments: Product (Software, and Services); Application (Drug Development, Drug Discovery, and Other Applications); End-Use (Pharmaceutical & Biotechnology Companies, CROs, Regulatory Authorities, and Academic Research Institutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT

Global Biosimulation Technology Market to Reach $4.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Biosimulation Technology estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2026, growing at a CAGR of 14.9% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 14.1% CAGR and reach US$3.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 16.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $622.1 Million in 2021, While China is Forecast to Reach $730.2 Million by 2026
The Biosimulation Technology market in the U.S. is estimated at US$622.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$730.2 Million by the year 2026 trailing a CAGR of 14.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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