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Stock impact report

Biosimulation Industry Forecast, 2029: Analysis of Case Studies, Market Dynamics, Regional Growth Trends, Regulatory Landscape, Value Chain, and Competitive Intelligence [Yahoo! Finance]

Simulations Plus, Inc. (SLP) 
Last simulations plus, inc. earnings: 4/9 04:35 pm Check Earnings Report
US:NASDAQ Investor Relations: simulations-plus.com/software/overview
Company Research Source: Yahoo! Finance
The biosimulation market is projected to reach USD 9.18 billion by 2029 from USD 4.24 billion in 2024, rising at a CAGR of 16.7% from 2024 to 2029. The increasing need for cost and time reduction in the drug development process has been one of the major drivers in the adoption of biosimulation tools. But there are some restraining factors in the market; the cost of biosimulation technologies is discouragingly high and thus, prohibitive to small companies and the academic community. Drug Discovery held the largest market share in the biosimulation market in 2023, by application The drug discovery segment held the largest market share since it plays a vital role in accelerating and enriching early stages of pharmaceutical research. The tool created by biosimulation makes it possible for the researchers to simulate drug behavior at the molecular level, predict biological target interaction, even identify potential drug candidates before they reach the costly phases of preclinical Show less Read more
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