Drug Repositioning Market 2023 Size, Current Insights and Development Trends, Top Key Players, SWOT Analysis and Forecast to 2031
Drug Repositioning Market
Drug repurposing (also called drug repositioning, reprofiling or re-tasking) is a strategy for identifying new uses for approved or investigational drugs that are outside the scope of the original medical indication. This strategy offers various advantages over developing an entirely new drug for a given indication.This report focuses on global and United States Drug Repositioning market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Drug Repositioning market size is estimated to be worth USD 27610 million in 2022 and is forecast to a readjusted size of USD 36370 million by 2028 with a CAGR of 4.7% during the review period. Global Drug Repositioning key players include Teva, Novartis, Mylan, Johnson & Johnson, Pfizer, etc. Global top five manufacturers hold a share about 15%.North America is the largest market, with a share about 40%, followed by Europe and China, both have a share over 30 percent. In terms of product, Generic Drugs is the largest segment, with a share about 65%. And in terms of application, the largest application is Cancer, followed by Cardiovascular Diseases.Drug Repositioning market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Drug Repositioning market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Drug Repositioning Market are:
- Teva
- Novartis
- Mylan
- Johnson & Johnson
- Pfizer
- Bausch Health
- GSK
- ChemRar Group
- Glenmark
- Fujifilm
- Dr. Reddy
- R-Pharma
Market Segment by Type:
- Generic Drugs
- Clinical Trial Failed Drugs
Market Segment by Application:
- Cardiovascular Diseases
- Mental Illness
- Cancer
- Others
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