Drug Repurposing Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024
Date: 2019-01-14   Author: Partha Ray  Category: #market

Drug Repurposing Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024

The Global Drug Repurposing Market Report includes a comprehensive analysis of the present of the market. The report starts with the basic Drug Repurposing overview and then goes into each and every detail.

A brief gist enumerating the present status of the Drug Repurposing market, this research study also elucidates other details with respect to the industry, such as a brief summary of the segmentation of the business vertical. Additionally, the Drug Repurposing market size has been discussed in depth, in terms of its revenue as well as sales volume, in addition to the list of the top players vying with one another for consolidating their position in the market.

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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 breast 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 erectile dysfunction and recently got approved for treatment of angina) and many others.

Questions that the report answers with reference to the competitive terrain:

  • Which are the numerous companies that constitute the Drug Repurposing market competitive landscape?
  • Which amidst the firms such as
    • Astellas Pharma
    • Biovista
    • Novartis
    • AbbVie
    • Pfizer
    • Allergan
    • NuMedii
    holds the major share of the Drug Repurposing market?
  • How much is the sales volume and market share that each firm accounts for, in the Drug Repurposing market?
  • Who are the major rivals in Drug Repurposing market?
  • What are the numerous products manufactured by every company?
  • What are the price patterns and gross margins of the Drug Repurposing market contenders?

Questions that the report answers with reference to the regional landscape:

  • What are the various geographies that the regional terrain of Drug Repurposing market comprises?
  • How much of the market share is procured by every region in the industry?
  • How much is the sales forecast and volume of every region in Drug Repurposing market?
  • Which among the many regions – viz, United States, China, Europe, Japan, Southeast Asia & India, accounts for the major share in Drug Repurposing market?
  • How much is the growth rate that each region is projected to record over the forecast duration?

Questions that the report answers with reference to the Drug Repurposing market segmentation:

  • What are the myriad products that the product landscape of Drug Repurposing market comprises?
  • Which one of the products among
    • Oncology
    • CNS Diseases
    • Neurodegenerative Diseases
    • Others
    accounts for the maximum market share?
  • What is the volume share that every product in Drug Repurposing market holds?
  • What are the numerous applications that the Drug Repurposing market is constituted of?
  • Which among the applications such as
    • Hospitals
    • Ambulatory Surgical Centers
    • Others
    is slated to procure maximum market share?
  • How much is the volume share and remuneration amassed by every application in Drug Repurposing market?

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The Drug Repurposing market report is also inclusive of a few other pointers with reference to the influence of the technological developments on the growth of the industry and the drivers impacting the commercialization potential of this vertical. Furthermore, the myriad risks and the threats that product alternatives may pose to the industry expansion have also been enumerated in the report. Information regarding the changing inclination of consumers and the impact of the transformative dynamics of the economic and political scenario on Drug Repurposing market have been elucidated in the research study. Also, the report enlists information regarding the raw material price trends, details regarding the basic principal raw material used, and the cost analysis.

For More Details On this Report: https://www.marketstudyreport.com/reports/global-drug-repurposing-market-insights-forecast-to-2025

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About Author


Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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