According to the report, The research and funding support
is one of the primary growth factors for the market. The rise of repositioning with the increasing pharma involvement as development progresses
is also expected to contribute significantly to the Drug Repurposing market growth. Overall, discovering drug targets,
applications of Drug Repurposing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Methodology , such as Network-based approaches, is boosting the Drug Repurposing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Development Steps, such as Compound Identification, is boosting the Drug Repurposing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Drug Repurposing market identified that the demand is rising in many different parts of the world as "Drug Repurposing has several advantages in comparison with traditional approaches to drug discovery. When comparing with traditional drug discovery program, a significant reduction of the time spent in R&D can be observed and booming the growth opportunities". Furthermore, some recent industry insights like "In June 2020 C-Path launches Cure Drug Repurposing Collaboratory to treat infectious diseases, COVID-19. As millions of patients struggle with diseases that lack adequate treatments, there is a critical need to understand how existing drugs can be used in new ways to improve clinical outcomes. Health care professionals use drugs in novel ways as a potentially life-saving intervention when no specific approved therapies are available." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Drug Repurposing market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Drug Repurposing market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Drug Repurposing market size is calculated using market estimation process, the Drug Repurposing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Drug Repurposing market size has been validated using both top-down and bottom-up approaches.