Drug Repurposing Market Growth 2021 Is Projected to Expand at a Steady CAGR over the Forecast by 2027

Drug repurposing, also known as drug repositioning is an approach to identify a novel medical indication for a drug. It may involve identification of a novel clinical use for an existing drug approved for a different indication or even finding clinical use for any unapproved drug. It has many advantages over traditional de novo drug discovery approaches, such as significant reduction of the cost and development time for the drug purposing. Drug repurposing is based on polypharmacology, complex diseases such as cancers and neurodegenerative diseases that involve networks of multiple genes, hence require multiple pharmacophores and system biology-based approaches for their therapeutic application.

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Drug Repurposing Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2019-2026). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.

Drug Repurposing Market Competitive Analysis:

• Pfizer Inc.,
• Johnson & Johnson,
• Sanofi,
• Astellas Pharma,
• GlaxoSmithKline plc,
• and others

Provided in this report. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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COVID-19 Scenario:

• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

Drug Repurposing Market Segmentation:

The research offers a detailed segmentation of the global Drug Repurposing market. Key segments analyzed in the research by Product, by Type, by End User and geography.

By Therapeutic Area
• Oncology
• CNS Disorders
• Neurodegenerative Diseases
• Others

Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables.

Drug Repurposing Market Regional Analysis:

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

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