According to Market Research Future (MRFR), the global controlled release drug delivery market is expected to create a valuation of over USD 70.15 BN, growing at a double-digit CAGR of 14 % during the review period. Technological advancements, improved outcomes & patients' experience, beneficial reimbursement policies, and increasing awareness towards healthcare are other key factors impacting the market growth, positively.
The controlled release drug delivery market is growing rapidly over the past few years. Increasing prevalence of chronic diseases and increasing government regulation to prevent overdose effects act as a significant driving force pushing up the market growth. Furthermore, the growing geriatric and pediatric population is creating huge market demand. Moreover, the advantages that these gastric retentive drug delivery systems offer accelerate the growth of the market.
On the other hand, some limitations associated with the application of these systems, such as the possibility of less accuracy in adjusting the dosage and controlled release drug delivery system is not suitable for all drugs are expected to impede the growth of the market. Also, the higher cost of these systems compared to the conventional drug delivery systems hampers the growth of the market.
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Segmentations
The global controlled release drug delivery market has been segmented based on route of administration, release mechanism, product, and end user.
By Route of Administration
- Oral
- Injectable
- Ocular
- Nasal
- Topical
- Implantable
By Release Mechanism
- Chemically activated controlled drug delivery systems
- Polymer-based drug delivery systems
- Feedback-regulated drug delivery systems
- Activation modulated drug delivery systems
- Micro-reservoir partition-controlled drug delivery systems
By Product
- Sustained release
- Ocular implants
- Drug-eluting stents
- Auto-injectors
- Nasal sprays
- Needle-free injectors
- Metered dose inhalers
- Transdermal patches
- Infusion pumps
- Nebulizers
By End user
- Hospital and clinics
- Personal use
- Research centers
- Others
Major Players:
Players leading the controlled release drug delivery market include
- Coating Place, Inc.(US)
- Depomed, Inc. (US)
- Corium International Inc.(US)
- Pfizer Inc.(US)
- Johnson & Johnson (US)
- SKY Pharmaceuticals Pvt. Ltd.(China)
- Biogen (US)
- AstraZeneca (US)
- GlaxoSmithKline (UK)
- Collegium Pharmaceutical (US)
- Novartis (UK)
- Allergan(Ireland)
- Others
Geographical Analysis
North America is the leading market for controlled release drug delivery. The significant market share of the market attributes to the vast patient pool suffering from various diseases, mainly such as gastrointestinal disorders (Crohn's disease and ulcerative colitis) and Alzheimer's, etc. Besides, advanced healthcare infrastructure, growing pharmaceutical industry, and increasing research & development activities foster the regional market growth.
Europe stands second in the global controlled release drug delivery market. The increasing prevalence of respiratory diseases and high blood pressure or hypertension among the population boosts the growth of the regional market. The well-established healthcare sector is a major growth impeding factor for market growth in the region. Moreover, the resurging economy is playing a vital role in market development, allowing the proliferation of the healthcare sector in the region.
The Asia Pacific controlled release drug delivery market is growing rapidly owing to the huge patient population suffering from chronic diseases and an increase in the geriatric and pediatric population. Also, the increasing demand for controlled doses to reduce the side effects and toxicity level in the patients contribute to the market growth of controlled release drug in Asia Pacific countries.
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The rising economy in countries such as China, Japan, South Korea, and India impacts market growth positively. Furthermore, the rising demand for quality devices in healthcare and rapidly developing healthcare technology is expected to foster the APAC controlled release drug delivery market.
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