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Stock impact report

In Silico Clinical Trials Global Market Report 2023-2033 - Growing Support and Recognition from Regulatory Bodies like the FDA and EMA is Significantly Boosting the Adoption of In Silico C...

Certara, Inc. (CERT) 
Company Research Source: Yahoo! Finance
The in silico clinical trials market was valued at US$3.07 billion in 2023 and is projected to grow at a CAGR of 8% during the forecast period 2023-2033. Strong revenue growth is predicted through to 2033. Better Understanding of the Safety Aspects of the Drug and Increasing Initiatives Projected to Boost Industry growth The in silico clinical trials market is experiencing remarkable growth, largely fueled by two key driving factors. Firstly, the efficiency in rapidly evaluating the safety and efficacy of medical products through virtual patient cohorts and simulations is a prominent catalyst for the growth of the market. By mimicking illness and treatment scenarios, these methods efficiently pinpoint safety concerns and provide valuable insights into product effectiveness. Pharmaceutical companies are drawn to this approach due to its ability to expedite the acquisition of crucial safety and efficacy data required for regulatory approvals. Secondly, the burgeoning support and Show less Read more
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