Controlled Release Drug Delivery Market Research Report, by Route of administration (Transdermal, Oral), Release Mechanism (Polymer-based, Micro reservoir Partition), Products (Metered Dose Inhalers), End User (Hospital)— Forecast till 2027
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 controlled release drug delivery systems offer accelerate the growth of the market.
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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.
Global Controlled Release Drug Delivery Market – Segmentation
The report is segmented into five main dynamics to widen the scope of understanding,
By Route of Administration: Oral, Injectable, Ocular, Nasal, Topical, Implantable, and Transdermal, others.
By Release Mechanism: Micro-Reservoir Partition-controlled Drug Delivery Systems, Polymer-based Drug Delivery Systems, Feedback-Regulated Drug Delivery Systems, Chemically Activated Controlled Drug Delivery Systems, and Activation Modulated Drug Delivery Systems.
By Products: Metered Dose Inhalers, Needle-Free Injectors, Auto-Injectors, Nasal Sprays, Transdermal Patches, Nebulizers, Infusion Pumps, Drug-Eluting Stents, Sustained Release, and Ocular Implants.
By End-user: Hospital & Clinics, Personal Use, Research Centers, and others.
By Regions: Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World
Global Controlled Release Drug Delivery Market – Competitive Landscape
The global controlled release drug delivery market appears to be fiercely competitive and fragmented, with many well-established players forming a competitive landscape. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
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), Alza Corporation (Johnson & Johnson)(US), SKY Pharmaceuticals Pvt. Ltd.(China), Biogen (US), AstraZeneca (US), GlaxoSmithKline (UK), Collegium Pharmaceutical (US), Novartis (UK), and Allergan(Ireland), among others.
Industry/ Innovation/ Related News:
December 12, 2019 —- The 3M Company (the US), a multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods, announced that it has agreed to sell most of its drug-delivery business to an affiliate of Altaris Capital Partners (the US), an investment firm focused on the healthcare industry. The deal is finalized at approximately USD 650 MN.
3M’s drug delivery business is a leading provider of transdermal and inhalation delivery technologies. This transaction would allow 3M to focus more on its core health care business and retain a share in the drug delivery business as it grows over the coming years.
However, 3M will retain its transdermal drug delivery components business. 3M is also looking for pharmaceutical partners for the development of a smart inhaler, the project it has already undertaken.
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