Drug repurposing service providers market is estimated to be worth USD 1.2 billion in 2030 / Roots Analysis
Drug repurposing enables drug developers to optimize on past efforts and expenditure, thereby, offering a viable life cycle management strategy for marketed products and opportunities to re-evaluate failed / shelved drug development programs
Roots Analysis is pleased to announce the publication of its recent study, titled, “Drug Repurposing Service Providers Market, 2020-2030.”
The report features an extensive study of the current market landscape and future opportunities for players offering services for repurposing / repositioning / reprofiling of drug candidates. It features an in-depth analysis, highlighting the capabilities of various service providers engaged in this domain. In addition to other elements, the study includes:
- A detailed assessment of the current market landscape of companies offering drug repurposing services.
- Elaborate profiles of key players that specialize in offering services for the development of repurposed drugs.
- An analysis of the partnerships that have been established in this domain, in the recent past.
- An analysis of the initiatives of big biopharma players engaged in this domain.
- A detailed analysis of more than 1,700 terminated / withdrawn / suspended clinical studies of the drug candidates.
- A detailed analysis on the cost saving potential of drug repurposing approaches, as compared to the traditional de novo drug development methods.
- A detailed market forecast, featuring analysis of the current and projected future opportunity across key market segments (listed below)
- In the pursuit of obtaining an edge within this emerging and highly competitive market landscape, service providers are actively exploring the therapeutic potential of the existing approved drugs by providing the necessary support to drug developers in identifying / predicting prospective drug candidates for repurposing.
- Over time, recent initiatives have been undertaken by big pharma players across the world for the discovery and development of repurposed drugs
- Several organizations have extended financial support to aid research efforts in this domain; the current focus is on investigation of novel immune checkpoint pathways / targets for coronavirus disease
- The growing interest in this field is also reflected by the 10+ partnerships have been signed in the last three years, involving both international and indigenous stakeholders
- The future market, based on the revenue generation potential of repurposed drugs, is anticipated to be distributed across different disease areas and key geographical regions
- In the long term, the opportunity is likely to be segmented across type of repurposing approaches, purpose of repurposing and type of drug molecule
- Type of Repurposing Approaches
- Disease-centric approach
- Target-centric approach
- Drug-centric approach
- Therapeutic Area
- Same Therapeutic Area
- Different Therapeutic Area
- Type of Drug Molecule
- Biologics
- Small Molecule
- Key Geographical Region
- North America
- Europe
- Asia-Pacific
Key companies covered in the report
- Auxillis Pharma
- ChemBio Discovery Solutions
- Excelra
- GVK Bio
- Iris Pharma
- Lantern Pharma
- PanXome
- Pharmacelera
- Physiogenex
- Smart Pharma
- Socium
- SOM Biotech
For more information please click on the following https://www.rootsanalysis.com/reports/drug-repurposing-service-provides.html:
https://www.rootsanalysis.com/reports/drug-repurposing-service-provides.html
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Gaurav Chaudhary
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gaurav.chaudhary@rootsanalysis.com