Global Drug Repurposing Market 2030
Posted on Jun 5 2023 3:03 AM
".[93 Pages] Drug Repurposing Market Analysis 2023 | by Product Type (Oncology, CNS Diseases, Neurodegenerative Diseases, Others), Application Type (Hospitals, Ambulatory Surgical Centers, Others),Major Key Players are covered in this report by 360 Market Updates "
Embracing Growth: A Promising Outlook for the Global Drug Repurposing Market from 2023 to 2029
360 Market Updates(360marketupdates.com) published a new research report on Drug Repurposing Market 2023 with 93 Pages Report and enhance with self-explained tables, pie chart and graph in smart format. In the research you will find new advance market size, latest Trends, CAGR Status, Drivers, Developing Plans, Restraints, trending technologies, Opportunities generated by targeting market associated stakeholders. The growth of the Drug Repurposing Market was mainly operate by the expand R&D spending across the globe. Some of the Major top players describe in the research are Astellas Pharma, Biovista, Novartis, AbbVie, Pfizer, Allergan, NuMedii
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The Drug Repurposing Market Shown: Exploring the Key Aspects and Insights
Drug repurposing or re-profiling has been the hallmark to bring strong business growth and the trend is being followed by majority of the pharmaceutical and biopharmaceutical companies. Among all biologics approved in the U.S. during 2007-2009, 30-40% of them were the drugs repurposed or repositioned. National Institute of Health (NIH), U.S. Department of Health defines drug repurposing as discovering new uses for approved drugs to provide the quickest possible transition from bench to bedside. Drug repurposing opens up various opportunities to answer current unmet medical needs to come up with cost-effective solutions to expensive drug development process. Repurposing or re-profiling of drugs which are suspended due to lack of efficacy or specificity can be a good start over for further development for new indication. Finding new indications for already studied drugs can benefit patients by getting quick access to new treatment choices and also to developer by saving time and money while maintaining its original IP protection. For many expensive indications such as cancer, scrutinizing for anti-cancer activity among dozens of off-patent drugs that have already established their safety is a powerful method opted by majority of the big pharma companies. However, repurposing is not a new strategy and there are bunch of drugs which are repositioned or repurposed, some of them are Raloxifene (approved for treatment of osteoporosis in 2007, originally indicated for Brest cancer treatment), Thalidomide (repositioned for use in treatment of leprosy and multiple myeloma in 2006), Rapamycin (repurposed in 1999 for prevention of organ transplant rejection), Sildenafil (originally approved for erectle dysfunction and recently got approved for treatment of angina) and many others.
Market Analysis and Insights: Global Drug Repurposing Market
The global Drug Repurposing market size is projected to reach USD 30920 million by 2028, from USD 24570 million in 2021, at a CAGR of 2.9% during 2022-2028.
Requirement of low investment of time and money in the drug development is the prime advantage of drug repurposing and majority of the drugs in pipeline of major pharmaceutical companies are thus adopt this method. Some of the factors accelerating the drug repurposing activities include sunk research cost, ready availably of bioavailability, pharmacology, toxicity profile & pharmacokinetics data, well established manufacturing protocol etc.; which are expected to drive the global drug repurposing market. There are thousands of failed molecules shelved into the drug libraries, which hold vast potential to reposition. Whereas, limited access chemical structure data of drug molecules, lack of funding etc. are some of the factors limiting the growth of global drug repurposing market.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Drug Repurposing market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Drug Repurposing market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Drug Repurposing market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Drug Repurposing market.
Global Drug Repurposing Scope and Market Size
Drug Repurposing market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Drug Repurposing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
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Why is Drug Repurposing market 2023 Important?
- Overall, the Drug Repurposing market in 2023 is essential for businesses to understand the market landscape, identify growth opportunities (strategies, services, customer base), mitigate risks (economic factors, impact business, minimize risks), Insight into Market Trends (latest trends, developments, consumer preferences, emerging technologies, dynamics, top competitive) make informed decisions, and achieve sustainable growth in a competitive business environment. Strategic Decision-Making (data-driven insights, pricing strategies, customer satisfaction, competitive advantage), Validate Business Plans (long-term success of the business).
This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Drug Repurposing Market. The market proposition is frequently developing ahead with the rise in scientific innovation and M&A activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.
Based on TYPE, the Drug Repurposing market from 2023 to 2029 is primarily split into:-
- CNS Diseases
- Neurodegenerative Diseases
Based on Application, the Drug Repurposing market from 2023 to 2029 is primarily split into:
- Ambulatory Surgical Centers
TOP COMPANIES/MANUFACTURERS Dominating the Global Drug Repurposing Market are listed below:
- Astellas Pharma
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Market segment by Region/Country including: -
-North America (United States, Canada and Mexico)
-Europe (Germany, UK, France, Italy, Russia and Spain etc.)
-Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
-South America (Brazil, Argentina and Colombia etc.)
-Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.
-Political (Political policy and stability as well as trade, fiscal and taxation policies)
-Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
-Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
-Technological (Changes in digital or mobile technology, automation, research and development)
-Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
-Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)
Key takeaways from the Drug Repurposing market report:
– Detailed considerate of Drug Repurposing market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
– Comprehensive valuation of all prospects and threat in the – In depth study of industry strategies for growth of the Drug Repurposing market-leading players.
– Drug Repurposing market latest innovations and major procedures.
– Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Drug Repurposing market for forthcoming years.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this “Drug Repurposing Industry”.
Detailed TOC of Global Drug Repurposing Market Research Report, 2023-2029
1 Market Overview
1.1 Product Overview and Scope of Drug Repurposing
1.2 Classification of Drug Repurposing by Type
1.2.1 Overview: Global “Drug Repurposing Market Size” by Type: 2017 Versus 2021 Versus 2029
1.2.2 Global Drug Repurposing Revenue Market Share by Type in 2023
1.3 Global Drug Repurposing Market by Application
1.3.1 Overview: Global Drug Repurposing Market Size by Application: 2017 Versus 2021 Versus 2029
1.4 Global Drug Repurposing Market Size and Forecast
1.5 Global Drug Repurposing Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Drug Repurposing Market Drivers
1.6.2 Drug Repurposing Market Restraints
1.6.3 Drug Repurposing Trends Analysis
2 Company Profiles
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Drug Repurposing Product and Solutions
2.1.4 Company Drug Repurposing Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023)
2.1.5 Company Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Drug Repurposing Revenue and Share by Players (2019, 2020, 2021, and 2022)
3.2 Market Concentration Rate
3.2.1 Top3 Drug Repurposing Players Market Share in 2021
3.2.2 Top 10 Drug Repurposing Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Drug Repurposing Players Head Office, Products and Services Provided
3.4 Drug Repurposing Mergers and Acquisitions
3.5 Drug Repurposing New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Drug Repurposing Revenue and Market Share by Type (2017-2023)
4.2 Global Drug Repurposing Market Forecast by Type (2023-2029)
5 Market Size Segment by Application
5.1 Global Drug Repurposing Revenue Market Share by Application (2017-2023)
5.2 Global Drug Repurposing Market Forecast by Application (2023-2029)
6 Regions by Country, by Type, and by Application
6.1 Drug Repurposing Revenue by Type (2017-2029)
6.2 Drug Repurposing Revenue by Application (2017-2029)
6.3 Drug Repurposing Market Size by Country
6.3.1 Drug Repurposing Revenue by Country (2017-2029)
6.3.2 United States Drug Repurposing Market Size and Forecast (2017-2029)
6.3.3 Canada Drug Repurposing Market Size and Forecast (2017-2029)
6.3.4 Mexico Drug Repurposing Market Size and Forecast (2017-2029)
7 Research Findings and Conclusion
8.2 Research Process and Data Source
9 Research Methodology
Reasons to buy this report:
-Identify the latest developments, market shares and strategies employed by the major market players.
-Analysing various perspectives of the market with the help of Porter’s five forces analysis
-Study on the product type and application expected to dominate the market.
-Study on the country expected to witness fastest growth during the forecast period.
-Forecasts the market value by assessing the impact of the market drivers and constraints.
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This data has been validated by the business investigators, giving huge bits of knowledge to the scientists, data analysts, directors, and other industry experts. The study deeply helps in understanding the market patterns, applications, determinations and industry obstacles.
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