The Drug Repurposing Market encompasses a diverse scope that includes various therapeutic areas, drug types, and stakeholders, shaping a dynamic and competitive industry landscape.
Therapeutic areas such as oncology, neurology, cardiovascular diseases, and infectious diseases represent significant market segments, each with unique opportunities for drug repurposing. Oncology remains a focal point due to the high demand for effective cancer therapies, while infectious diseases have gained attention amid recent global health challenges.
The market includes both small molecule drugs and biologics, with small molecules dominating due to their established safety profiles and manufacturing advantages. However, biologics are gaining traction with advances in biotechnology.
Key market players include pharmaceutical giants like Novartis AG, Teva Pharmaceutical Industries, and smaller biotech firms specializing in computational drug discovery and AI-driven repurposing platforms. Competitive strategies focus on R&D investment, strategic collaborations, licensing agreements, and mergers and acquisitions.
The expanding scope of drug repurposing, combined with technological innovation…