According to Technavio, the Biosimulation Market is projected to expand by USD 4.74 billion, growing at a CAGR of 18.52% between 2023 and 2028. The market is experiencing robust growth, primarily driven by increased research funding and the adoption of biosimulation in drug discovery and development. The implementation of big data analytics and sophisticated mathematical models has revolutionized the way pharmaceutical companies approach drug development, making the process more accurate and efficient. However, certain challenges could hinder this growth, including the misconception that computer system validation is complex, which can deter some organizations from adopting biosimulation technologies. Furthermore, the lack of standardization and regulatory frameworks around the use of biosimulation in the industry adds to these challenges. Nonetheless, the future of biosimulation looks promising.

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