The clinical research environment is
undergoing a massive shift as pharmaceutical companies are exploring the
possibilities offered by in silico trials for their product development
initiatives. In silico clinical trials involve testing drugs on “virtual
patients” utilizing computational modelling and simulation technologies to
detect failures in the early stages of drug development and predict trial
outcomes. While in silico clinical trials have been around for a while, the
COVID-19-related restrictions helped make the approach more mainstream across
pharma companies as human participation became limited due to strict lockdown
measures and fear of infection. According to World Health Organization,
non-communicable diseases account for 41 million deaths each year, while
communicable diseases take over 17 million people annually across the globe.
Hence, the biomedical industry needs to gear up to develop pharmaceuticals and
medical products, which would create a greater demand for in silico clinical
trials to improve the safety and efficacy of research studies.
Technology to be
Gamechanger
Novel technologies and innovations in
healthcare are advancing the development of new treatments and interventions.
By constructing computer systems that emulate human-solving problems and
learning behavioral patterns, one can receive sophisticated modelling
simulation methods for making better analyses and predictions. Many companies
like Atomwise, Standigm, and DeepMatter are already utilizing artificial
intelligence in in silico trials for data mining, target
identification, preclinical development, and lead discovery. With AI and ML,
one can anticipate accurate predictive models to devise the most effective
countermeasures.
Making Precision Medicines
a Reality
The “one-size-fits-all” approach to
medicine based on broad population averages is becoming a thing of the past.
Understanding genetics and genomics and how they drive health, diseases, and
drug responses have led to the advent of precision medicine. In silico clinical
trials offer biopharma companies opportunities to use diverse data from
electronic health records, real-world sources, and other massive amounts of
data to understand drug responses better and discover new drug indications.
Casual machine learning, a powerful type of AI, can help scientists predict the
subpopulation of patients responding positively to medication.
More R&D initiatives
for in silico clinical trials
Rising demands for biologics and
personalized medicine across the world have led to huge investments from
pharmaceutical companies to focus on the development of drugs by augmenting the
number of clinical trials. Currently, the oncology segment accounts for the
highest share in the global in silico clinical trial market due to more
research and development initiatives to find effective therapies to cure
cancer. However, the testing approach would expand to other therapeutic areas
such as infectious diseases, hematology, cardiology, dermatology, neurology,
etc., with greater financial support and flexibility in regulations regarding
the in silico clinical trials. Recently, Hong-Kong based company Insilico
Medicine raised USD60 million in funding for using artificial intelligence for
new drug discoveries.
Moreover, regulatory agencies like the
Food & Drug Administration are promoting the use of in silico clinical
trials to improve the regulatory evaluations, which could further contribute to
its market growth.
According to the
TechSci research report on “In Silico Clinical Trials Market - Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2017-2027 Segmented By Industry (Medical Devices v/s
Pharmaceuticals), By Therapeutic Area (Oncology, Neurology, Cardiology,
Infectious Diseases, Orthopedic, Dermatology, Others), By Region”,
the global in silico clinical trials market is expected to grow at a CAGR of
12.28% during the forecast period. The market growth can be attributed to the
rising prevalence of communicable and non-communicable diseases such as cancer,
diabetes, cardiovascular diseases, etc., and technological advances in
artificial intelligence and machine learning. Web: https://www.techsciresearch.com