Drug Repurposing Market Expected to Hit USD 51.80 Bn by 2032, with a CAGR of 4.9% from 2025-2032

Drug Repurposing Market Overview:

The Drug Repurposing Market was valued at USD 35.33 Bn in 2024 is expected to grow at a CAGR of 4.9% from 2025 to 2032 and reach USD 51.80 Bn by the end of 2032. Drug repurposing, also known as drug repositioning, involves identifying new therapeutic uses for existing drugs. This approach offers several advantages over traditional drug development, including reduced timeframes, lower costs, and improved success rates. By leveraging established safety profiles and manufacturing processes, repurposed drugs can be rapidly deployed to address unmet medical needs. ​

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Drug Repurposing Market Dynamics

The growth of the drug repurposing market is influenced by several key factors:​

Rising Prevalence of Chronic Diseases: The increasing incidence of chronic and neurodegenerative diseases has heightened the demand for effective treatments, positioning drug repurposing as a viable solution.

Technological Advancements: Innovations in genomics, bioinformatics, and artificial intelligence have enhanced the identification of novel drug-disease relationships, facilitating more efficient repurposing efforts. ​

Regulatory Support: Regulatory agencies are providing frameworks that support expedited approval processes for repurposed drugs, encouraging pharmaceutical companies to invest in this strategy. ​

Drug Repurposing Market Outlook and Future Trends :

The future of the drug repurposing market is shaped by several emerging trends:​

Integration of Artificial Intelligence (AI): AI-driven platforms are being increasingly utilized to predict drug efficacy and identify potential repurposing candidates, streamlining the discovery process.

Collaborative Research Initiatives: Public-private partnerships and cross-industry collaborations are fostering knowledge sharing and resource pooling, accelerating the development of repurposed therapies. ​

Focus on Rare Diseases: There is a growing emphasis on applying drug repurposing strategies to rare and orphan diseases, addressing areas with significant unmet medical needs.

Drug Repurposing Market Key Recent Developments

The drug repurposing market has witnessed notable mergers and acquisitions aimed at enhancing research capabilities and expanding therapeutic portfolios:​

Japan: In February 2025, Bain Capital acquired Mitsubishi Tanabe Pharma for $3.4 billion, aiming to expedite drug development in Japan, particularly for rare diseases. ​

United States: In November 2024, Bayer collaborated with Cytokinetics, acquiring rights in Japan for an experimental heart drug intended to treat hypertrophic cardiomyopathy. ​

Europe: In March 2022, Pfizer acquired Arena Pharmaceuticals for approximately $6.7 billion, expanding its portfolio with development-stage pharmaceuticals in cardiology, dermatology, and gastroenterology

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Drug Repurposing Market Segmentation

by Type Of Approach

Disease-centric
Target-centric
Drug-centric

by Therapeutic Area

Same Therapeutic Area
Different Therapeutic Area

by Drug Molecules

Biologics
Small Molecule

Some of the current players in theDrug Repurposing Market are:

1. Novartis - Switzerland
2. Takeda Pharmaceutical Company - Japan
3. Teva Pharmaceutical Industries - Israel
4. Gilead Sciences - United States
5. Eli Lilly and Company - United States
6. AstraZeneca - United Kingdom/Sweden
7. Pfizer - United States
8. Merck & Co. - United States
9. Bristol-Myers Squibb - United States
10. Johnson & Johnson - United States

Drug Repurposing Market Conclusion :

The drug repurposing market is set for substantial growth, driven by strategic collaborations, technological advancements, and supportive regulatory environments. Continued investment in research and development, along with cross-sector partnerships, is essential to unlock the full potential of drug repurposing and deliver innovative therapies to patients worldwide.

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