The latest update of “Global Drug Repositioning Service Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Drug Repositioning Service Market.
Overview of the Drug Repositioning Service Market:
Drug repositioning, or drug repurposing, is a process of identifying new therapeutic use(s) for old/existing/available drugs. It is often used to discover or develop drugs with new therapeutic or pharmacological indications. Three different approaches are used during drug repositionings, such as computational approaches, biological experimental approaches, and mixed approaches. Moreover, drug repositioning reduces the risk of disintegration as it is based on the Food and Drug Administration (FDA) approved drugs, so there is no need for human trials.
Market Drivers:
High prevalence of cancer and cardiovascular diseases (CVDs) across the globe is expected to boost the growth of the global drug repositioning service market during the forecast period. For instance, in February 2022, Algernon Pharmaceuticals awarded a contract to China’s Zhejiang Ausun Pharmaceutical Company Limited to begin the manufacturing of a cGMP supply of its repurposed drug candidate NP-251 (Repirinast) and has initiated a new chronic kidney disease (CKD) research program. Algernon is a drug repurposing company that investigates safe, already approved drugs for new disease applications.
Moreover, increasing prevalence of mental illness, increase in research and development, and investment by market players to develop repurposed drugs are some major factors expected to propel the global drug repositioning service market growth over the forecast period.
Market Restraints:
Drug repositioning is a tedious, time-consuming, and heavily expensive process with high risk of failure, which in turn is expected to hamper growth of the global drug repositioning service market over the forecast period.
Regional Insights:
Among regions, North America and the Asia Pacific are expected to witness robust growth in the global drug repositioning service market owing to the increasing prevalence of cardiovascular diseases, growing number of cancer cases, increase in research and development activities, and the outbreak of COVID-19 in these regions.
For instance, according to the American Cancer Society, in 2022, there will be an estimated 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the U.S.
Competitive Section:
Major companies involved in the global drug repositioning service market are Biovista, LTT Bio-Pharma, GVK Biosciences, Segue Therapeutics, and Anaxomics Biotech, among others.
For instance, in July 2020, Cipla planned to launch repurposed drug Favipiravir to help people suffering from novel coronavirus disease (COVID-19) in India.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Drug Repositioning Service Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Drug Repositioning Service Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Biovista
- Anaxomics Biotech
- Segue Therapeutics
- GVK Biosciences
- LTT Bio-Pharma
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Drug Repositioning Service Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Generic Drugs
- Clinical Trial Failed Drugs
By Applications, the market is segmented into:
- Cardiovascular Diseases
- Mental Illness
- Cancer
- Other
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Drug Repositioning Service Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Drug Repositioning Service Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Drug Repositioning Service Market
1.6.1 How the Covid-19 is Affecting the Drug Repositioning Service Market
1.6.1.1 Drug Repositioning Service Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Drug Repositioning Service Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Drug Repositioning Service Market Perspective (2015-2028)
2.2 Drug Repositioning Service Market Growth Trends by Regions
2.2.1 Drug Repositioning Service Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Drug Repositioning Service Market Historic Market Share by Regions (2015-2021)
2.2.3 Drug Repositioning Service Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Drug Repositioning Service Market Growth Strategy
2.3.6 Primary Interviews with Key Drug Repositioning Service Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Drug Repositioning Service Market Players by Market Size
3.1.1 Global Top Drug Repositioning Service Market Players by Revenue (2015-2021)
3.1.2 Global Drug Repositioning Service Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Drug Repositioning Service Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Drug Repositioning Service Market Concentration Ratio
3.2.1 Global Drug Repositioning Service Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Drug Repositioning Service Market Revenue in 2019
3.3 Drug Repositioning Service Market Key Players Head office and Area Served
3.4 Key Players Drug Repositioning Service Market Product Solution and Service
3.5 Date of entering into Drug Repositioning Service Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Drug Repositioning Service Market Historic Market Size by Type (2015-2021)
4.2 Global Drug Repositioning Service Market Forecasted Market Size by Type (2021-2028)
5 Drug Repositioning Service Market Breakdown Data by Application (2015-2028)
5.1 Global Drug Repositioning Service Market Size by Application (2015-2021)
5.2 Global Drug Repositioning Service Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Drug Repositioning Service Market Size (2015-2021)
6.2 Drug Repositioning Service Market Key Players in North America (2019-2021)
6.3 North America Drug Repositioning Service Market Size by Type (2015-2021)
6.4 North America Drug Repositioning Service Market Size by Application (2015-2021)
7 Europe
7.1 Europe Drug Repositioning Service Market Size (2015-2021)
7.2 Drug Repositioning Service Market Key Players in Europe (2019-2021)
7.3 Europe Drug Repositioning Service Market Size by Type (2015-2021)
7.4 Europe Drug Repositioning Service Market Size by Application (2015-2021)
8 China
8.1 China Drug Repositioning Service Market Size (2015-2021)
8.2 Drug Repositioning Service Market Key Players in China (2019-2021)
8.3 China Drug Repositioning Service Market Size by Type (2015-2021)
8.4 China Drug Repositioning Service Market Size by Application (2015-2021)
9 Japan
9.1 Japan Drug Repositioning Service Market Size (2015-2021)
9.2 Drug Repositioning Service Market Key Players in Japan (2019-2021)
9.3 Japan Drug Repositioning Service Market Size by Type (2015-2021)
9.4 Japan Drug Repositioning Service Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Drug Repositioning Service Market Size (2015-2021)
10.2 Drug Repositioning Service Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Drug Repositioning Service Market Size by Type (2015-2021)
10.4 Southeast Asia Drug Repositioning Service Market Size by Application (2015-2021)
11 India
11.1 India Drug Repositioning Service Market Size (2015-2021)
11.2 Drug Repositioning Service Market Key Players in India (2019-2021)
11.3 India Drug Repositioning Service Market Size by Type (2015-2021)
11.4 India Drug Repositioning Service Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Drug Repositioning Service Market Size (2015-2021)
12.2 Drug Repositioning Service Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Drug Repositioning Service Market Size by Type (2015-2021)
12.4 Central & South America Drug Repositioning Service Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Drug Repositioning Service Market Introduction
13.4 Drug Repositioning Service Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Drug Repositioning Service Market Key Market Segments
Table 2. Key Players Covered: Ranking by Drug Repositioning Service Market Revenue
Table 3. Ranking of Global Top Drug Repositioning Service Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Drug Repositioning Service Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Drug Repositioning Service Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Drug Repositioning Service Market Players to Combat Covid-19 Impact
Table 10. Global Drug Repositioning Service Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Drug Repositioning Service Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Drug Repositioning Service Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Drug Repositioning Service Market Share by Regions (2015-2021)
Table 14. Global Drug Repositioning Service Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Drug Repositioning Service Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Drug Repositioning Service Market Growth Strategy
Table 20. Main Points Interviewed from Key Drug Repositioning Service Market Players
Table 21. Global Drug Repositioning Service Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Drug Repositioning Service Market Share by Players (2015-2021)
Table 23. Global Top Drug Repositioning Service Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Drug Repositioning Service Market as of 2019)
Table 24. Global Drug Repositioning Service Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Drug Repositioning Service Market Product Solution and Service
Table 27. Date of entering into Drug Repositioning Service Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 30. Global Drug Repositioning Service Market Size Share by Type (2015-2021)
Table 31. Global Drug Repositioning Service Market Revenue Market Share by Type (2021-2028)
Table 31. Global Drug Repositioning Service Market Size Share by Application (2015-2021)
Table 33. Global Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 34. Global Drug Repositioning Service Market Size Share by Application (2021-2028)
Table 35. North America Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Drug Repositioning Service Market Share (2019-2021)
Table 37. North America Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 38. North America Drug Repositioning Service Market Share by Type (2015-2021)
Table 39. North America Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 40. North America Drug Repositioning Service Market Share by Application (2015-2021)
Table 41. Europe Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Drug Repositioning Service Market Share (2019-2021)
Table 43. Europe Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Drug Repositioning Service Market Share by Type (2015-2021)
Table 45. Europe Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Drug Repositioning Service Market Share by Application (2015-2021)
Table 47. China Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Drug Repositioning Service Market Share (2019-2021)
Table 49. China Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 50. China Drug Repositioning Service Market Share by Type (2015-2021)
Table 51. China Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 52. China Drug Repositioning Service Market Share by Application (2015-2021)
Table 53. Japan Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Drug Repositioning Service Market Share (2019-2021)
Table 55. Japan Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Drug Repositioning Service Market Share by Type (2015-2021)
Table 57. Japan Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Drug Repositioning Service Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Drug Repositioning Service Market Share (2019-2021)
Table 61. Southeast Asia Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Drug Repositioning Service Market Share by Type (2015-2021)
Table 63. Southeast Asia Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Drug Repositioning Service Market Share by Application (2015-2021)
Table 65. India Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Drug Repositioning Service Market Share (2019-2021)
Table 67. India Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 68. India Drug Repositioning Service Market Share by Type (2015-2021)
Table 69. India Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 70. India Drug Repositioning Service Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Drug Repositioning Service Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Drug Repositioning Service Market Share (2019-2021)
Table 73. Central & South America Drug Repositioning Service Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Drug Repositioning Service Market Share by Type (2015-2021)
Table 75. Central & South America Drug Repositioning Service Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Drug Repositioning Service Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Drug Repositioning Service Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Drug Repositioning Service Market Share by Type: 2021 VS 2028
Figure 2. Global Drug Repositioning Service Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Drug Repositioning Service Market Report Years Considered
Figure 8. Global Drug Repositioning Service Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Drug Repositioning Service Market Share by Regions: 2021 VS 2028
Figure 10. Global Drug Repositioning Service Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Drug Repositioning Service Market Share by Players in 2019
Figure 13. Global Top Drug Repositioning Service Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Drug Repositioning Service Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Drug Repositioning Service Market Revenue in 2019
Figure 15. North America Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Drug Repositioning Service Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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