Drug Repurposing Market Overview with Future Growth and Forecast to 2023-2028

Drug repurposing is also known as drug repositioning. It is a process of identifying new therapeutic use(s) for old/existing/available drugs. It is an effective strategy in developing or discovering drug molecules with new therapeutic indications. In recent years, many pharmaceutical companies are developing new drugs with the discovery of novel biological targets by applying the drug repositioning strategy in drug discovery and development programs. This strategy is highly efficient, low-cost, time-saving, and minimum risk of failure. It increases the therapeutic value of a drug and consequently maximizes the success rate. Drug repositioning is thus an important alternative method to the conventional process of drug development.

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Factors driving the growth of the drug repurposing market are the growing need for the low investment in terms of time and money is boosting demand for the drug repurposing which is leading to an increase in the number of pipeline products is propelling the growth of the drug repurposing market. Additionally, some of the other factors propelling the growth of the global drug repurposing market are low research cost and easy bioavailability is fueling the market growth. However, lack of funding and limited information is expected to hamper the growth of the market.

The report also includes the profiles of key players in drug repurposing market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

Top Key Players: -

Astellas Pharma Inc.

Biovista

Novartis AG

AbbVie Inc.

Pfizer Inc.

Allergan Plc.

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NuMedii

Abbott Healthcare

Hoffmann-La Roche

Johnson & Johnson. and Others

Global Drug Repurposing Market 2023 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the drug repurposing market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drug repurposing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting drug repurposing market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the drug repurposing market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

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