Drug Repurposing Market Focuses on Market Share, Size and Projected Forecast Till 2031

Market Overview and Report Coverage

Drug repurposing is the process of identifying new uses for existing drugs that have already been approved for treating one condition. This approach can help accelerate the drug development process, reduce costs, and potentially bring new treatments to market more quickly.

The Drug Repurposing Market is expected to grow at a CAGR of % during the forecasted period. Factors driving this growth include increasing research and development activities, growing demand for novel therapies, and rising prevalence of various diseases. The market is also benefiting from advancements in technology and the availability of vast amounts of data for drug screening and identification.

Current trends in the drug repurposing market include collaborations between pharmaceutical companies, academic institutions, and research organizations to identify new uses for existing drugs. Additionally, the utilization of artificial intelligence and machine learning in drug screening and repurposing efforts is expected to further drive market growth.

Overall, the drug repurposing market is poised for significant expansion in the coming years, with a strong focus on innovation and collaboration to bring new treatments to patients in need.

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Market Segmentation

The Drug Repurposing Market Analysis by types is segmented into:

• Intravenous
• Oral

Drug repurposing is a strategy where existing drugs are tested for new therapeutic indications. The market for repurposed drugs can be divided into intravenous and oral categories. Intravenous drugs are administered directly into the bloodstream, allowing for rapid and targeted delivery of the drug. Oral drugs are taken by mouth and enter the bloodstream through the digestive system. Each market type has its own advantages and limitations, with intravenous drugs often used for more serious conditions requiring immediate action, while oral drugs are more convenient for long-term treatments.

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The Drug Repurposing Market Industry Research by Application is segmented into:

• Cardiovascular Disorders
• Central Nervous Disorders
• Oncology
• Others

Drug repurposing is a promising approach to finding new uses for existing drugs. In the cardiovascular disorders market, repurposed drugs may help in treating conditions such as hypertension and heart failure. In the central nervous disorders market, these drugs could be used to address conditions like Alzheimer's disease and Parkinson's disease. In oncology, repurposed drugs may offer new treatments for various types of cancer. Additionally, drug repurposing may have applications in other therapeutic areas beyond these, offering potential benefits for patients and healthcare providers.

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In terms of Region, the Drug Repurposing Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Drug Repurposing market?

The global drug repurposing market is experiencing several emerging and current trends. Key trends include the increasing focus on the development of orphan drugs through drug repurposing, the growing use of artificial intelligence and machine learning to identify potential drug candidates, the rise in collaborations between pharmaceutical companies and academic institutions for repurposing research, and the expanding opportunities in developing markets. Additionally, there is a rising interest in using repurposed drugs for the treatment of rare diseases and personalized medicine. Overall, the global drug repurposing market is expected to continue expanding as companies seek innovative solutions to drug discovery and development challenges.

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Major Market Players

Drug repurposing market players such as Pfizer, Roche, Novartis AG, Abbott Healthcare, Johnson & Johnson, Sandoz, Mylan Inc., and Teva Pharmaceuticals are leading players in the pharmaceutical industry. These companies are actively engaged in repurposing existing drugs for new therapeutic uses, thereby reducing costs and time in drug development.

Pfizer, for instance, has a strong portfolio of repurposed drugs like Viagra and Lyrica, which have been successfully repurposed for different indications. Roche, on the other hand, has been focusing on repurposing drugs for rare diseases and oncology. Novartis AG has made significant strides in the field of drug repurposing, especially in the areas of cardiovascular diseases and oncology.

Abbott Healthcare, Johnson & Johnson, Sandoz, Mylan Inc., and Teva Pharmaceuticals have also been actively pursuing drug repurposing strategies to fuel their growth and innovation. These companies have been leveraging their extensive experience and expertise in drug development to identify new therapeutic uses for existing drugs.

The drug repurposing market is witnessing significant growth, driven by the increasing demand for cost-effective and time-efficient drug development strategies. The market is also being fueled by advancements in technology, such as artificial intelligence and big data analytics, which are enabling companies to identify new therapeutic uses for existing drugs.

According to recent reports, Pfizer's sales revenue for the fiscal year 2020 was approximately $ billion, while Roche reported sales revenue of around $58.3 billion for the same period. Novartis AG's sales revenue stood at $48.7 billion, Abbott Healthcare at $33.4 billion, Johnson & Johnson at $82.6 billion, Sandoz at $10.1 billion, Mylan Inc. at $11.5 billion, and Teva Pharmaceuticals at $14.3 billion. These figures highlight the significant market presence and revenue generation capabilities of these key players in the drug repurposing market.

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