The Latin America, Middle East and Africa Biosimulation Market is expected to witness market growth of 19.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Biosimulation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $215.1 million by 2031. The Argentina market is showcasing a CAGR of 20.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 19.1% during 2024-2031.
For biosimilars, they ensures their equivalence to original biologics by simulating pharmacokinetic and pharmacodynamic (PK/PD) profiles. This reduces the need for extensive comparative trials, saving time and resources. For instance, this has been used to demonstrate the bioequivalence of insulin biosimilars, ensuring they perform identically to the original products.
While traditionally focused on pharmaceuticals, this is increasingly applied across diverse fields, significantly expanding its market scope. In the field of toxicology, this is transforming chemical safety evaluations by modeling the impacts of hazardous agents on biological systems, thereby diminishing the reliance on animal testing.
The UAE’s strategic focus on becoming a global healthcare and biotechnology hub has driven this adoption. Programs like the National Strategy for Advanced Innovation aim to integrate cutting-edge technologies into various sectors, including healthcare. Dubai Healthcare City and Abu Dhabi’s Mubadala Healthcare have partnered with global pharmaceutical companies to explore this for personalized medicine and clinical trial optimization. Additionally, the UAE’s focus on medical tourism and incorporating smart technologies into its healthcare infrastructure are key drivers of market growth. These advancements highlight the UAE’s commitment to becoming a regional leader in healthcare innovation, making it a lucrative market for biosimulation technologies. Hence, the regional market will grow rapidly in the coming years.
The Brazil market dominated the LAMEA Biosimulation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $215.1 million by 2031. The Argentina market is showcasing a CAGR of 20.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 19.1% during 2024-2031.
For biosimilars, they ensures their equivalence to original biologics by simulating pharmacokinetic and pharmacodynamic (PK/PD) profiles. This reduces the need for extensive comparative trials, saving time and resources. For instance, this has been used to demonstrate the bioequivalence of insulin biosimilars, ensuring they perform identically to the original products.
While traditionally focused on pharmaceuticals, this is increasingly applied across diverse fields, significantly expanding its market scope. In the field of toxicology, this is transforming chemical safety evaluations by modeling the impacts of hazardous agents on biological systems, thereby diminishing the reliance on animal testing.
The UAE’s strategic focus on becoming a global healthcare and biotechnology hub has driven this adoption. Programs like the National Strategy for Advanced Innovation aim to integrate cutting-edge technologies into various sectors, including healthcare. Dubai Healthcare City and Abu Dhabi’s Mubadala Healthcare have partnered with global pharmaceutical companies to explore this for personalized medicine and clinical trial optimization. Additionally, the UAE’s focus on medical tourism and incorporating smart technologies into its healthcare infrastructure are key drivers of market growth. These advancements highlight the UAE’s commitment to becoming a regional leader in healthcare innovation, making it a lucrative market for biosimulation technologies. Hence, the regional market will grow rapidly in the coming years.
List of Key Companies Profiled
- Certara, Inc.
- Dassault Systemes SE
- Advanced Chemistry Development, Inc.
- Genedata AG (Danaher Corporation)
- Instem Group of Companies
- Chemical Computing Group ULC
- Simulations Plus, Inc.
- Schrodinger, Inc.
- PPD, Inc. (Thermo Fisher Scientific, Inc.)
- Physiomics Plc
Market Report Segmentation
By Product- Software
- Molecular Modeling & Simulation Software
- Clinical Trial Design Software
- PK/PD Modeling and Simulation Software
- Pbpk Modeling and Simulation Software
- Toxicity Prediction Software
- Other Software Type
- Services
- Contract Services
- Consulting
- Other Services Type
- License-based Model
- Subscription-based Model
- Service-based Model
- Pay Per Use Model
- Life Sciences Companies
- Academic Research Institutions
- Other End Use
- Drug Discovery & Development
- Disease Modeling
- Other Application
- Cloud-based
- On-premises
- Hybrid Model
- Oncology
- Cardiovascular Disease
- Infectious Disease
- Neurological Disorders
- Other Therapeutic Area
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Biosimulation Market by Product
Chapter 6. LAMEA Biosimulation Market by Pricing Model
Chapter 7. LAMEA Biosimulation Market by End Use
Chapter 8. LAMEA Biosimulation Market by Application
Chapter 9. LAMEA Biosimulation Market by Deployment Model
Chapter 10. LAMEA Biosimulation Market by Therapeutic Area
Chapter 11. LAMEA Biosimulation Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- Certara, Inc.
- Dassault Systemes SE
- Advanced Chemistry Development, Inc.
- Genedata AG (Danaher Corporation)
- Instem Group of Companies
- Chemical Computing Group ULC
- Simulations Plus, Inc.
- Schrodinger, Inc.
- PPD, Inc. (Thermo Fisher Scientific, Inc.)
- Physiomics Plc
Methodology
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