Global Biosimulation Market is expected to Gain Rapid Traction with Certara Announcing Development of new biosimulation platform Quantitative Systems Pharmacology (QSP) for COVID-19 vaccines
Biosimulation, also called bio-immolation, is the use of information technology to promote biological activity. Biological activity is the result of interactions between living things and their environment. Biosimulation is useful in many scientific fields such as microbiology, virology, pharmacology, obstetrics, and gynecology. It is also used for engineering applications such as controlling the growth and development of microorganisms, genetic engineering, and tissue culture technologies. Biosimulation methods are usually used for the engineering of complex systems like those found in the cardiovascular and immune systems, cardiovascular systems, and the immune and the endocrine systems. Increasing healthcare expenditure is expected to drive growth of the global biosimulation market. According to the Centers for Medical & Medicaid Services (CMS), the U.S. healthcare expenditure increased by 4.6% in 2019, reaching US$ 3.8 trillion or US$ 11,582 per person. According to the same ...