Controlled Release Drug Delivery Market Overview
Controlled release drug delivery provides drug-encapsulating devices from which therapeutic molecules are released at a controlled rate for a period of time, that can be adjusted from days to months. These products are applicable for all age group, but it is highly preferred for the old age and pediatric population to reduce to dose and administer a uniform amount of drug. The key factors responsible for driving this market are growing R&D in the healthcare industry, increasing deaths due to overdose, and rising health-related problems due to the high dose.
Controlled release drug delivery system offers several benefits like lower dose requirement, improved stability of the drug, enhanced drug safety and efficacy, minimum side effects, improved patient compliance, and higher bioavailability. These benefits are influencing the adoption of these systems globally. This system also allows dose reduction, which minimizes the risk of overdose, especially in the aging population. Such factors are likely to provide a fillip to the market. The unpleasant taste of dysphagia or pediatric medication for aging population will elevate the scope of the Controlled Release Drug Delivery Market in the long run.On the contrary, strict government policies and complex manufacturing process are some of the concerns likely to vitiate the market growth across the globe.
Enticed by the efficacy and safety achieved by controlled release drug delivery systems, remarkable interest has been witnessed in recent years towards the drug delivery system. Controlled release drug delivery is associated with the benefit of safer and more effective dosage of medicines to fight a variety of diseases, including cancer. The duration of drug action is dictated by the design property of drug molecules which is a desirable characteristic is progressively used in cancer management. Controlled release drug delivery has the potential to enhance chemotherapy delivery and improve outcomes in cancer patients. The growing use of controlled release drug delivery in cancer management is a vital growth driver. Diseases such as cancer, diabetes, respiratory and other disorders are on the rise which has augmented the demand for controlled release drug delivery systems. Additionally, an increase in the geriatric population who are more susceptible to age-related disorders induce demand within the market.
Controlled release drug delivery maintains the plasma concentration for various treatment for a period of time. There are different innovative techniques by which the drug can be delivered in controlled amounts. The various ways could be oral form, through nasal, injection and many more, but the oral route is more preferred compared to other form.
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Controlled Release Drug Delivery Market Segmentation
- The global controlled release drug delivery market is segmented on the basis of route of administration, release mechanism, products, and end user.
- By route of administration the market is segmented into oral, injectable, ocular, nasal, topical and implantable. The injectable is sub-segmented into targeted delivery, transmucosal, and transdermal. On the basis of release mechanism, the market is segmented into polymer-based drug delivery systems, micro-reservoir partition-controlled drug delivery systems, feedback-regulated drug delivery systems, activation modulated drug delivery systems, and chemically activated controlled drug delivery systems. The activation modulated drug delivery systems are sub-segmented into osmotic pressure activated drug delivery, hydrodynamic pressure activated drug delivery, vapor pressure activated drug delivery, mechanically activated drug, magnetically activated drug. The chemically activated controlled drug delivery systems are sub-segmented into pH-activated drug delivery, hydrolysis activated drug delivery, enzyme activated drug delivery.
- On the basis of products, the market is segmented into 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, the market is segmented into hospital and clinics, personal use, research centers, and others
- Controlled Release Drug Delivery Market Players
- Some of the key players in the global controlled release drug delivery market are Depomed, Inc. (US), Coating Place, Inc.(US), Corium International Inc.(US), Alza Corporation (Johnson & Johnson)(US), Pfizer Inc.(US), SKY Pharmaceuticals Pvt. Ltd.(China), AstraZeneca (US),Biogen (US), GlaxoSmithKline (UK), Novartis (UK), Allergan (Ireland), Collegium Pharmaceutical(US), and others.
Controlled Release Drug Delivery Market Regional Analysis
The Americas is expected to lead the global controlled release drug delivery market owing to the increasing government support for the development of controlled release drug delivery and rising investments in research & development are enhancing the market growth in the region. The increasing prevalence of chronic diseases such as diabetes, cancer, respiratory diseases, Alzheimer’s, etc. are also contributing the market growth. According to the National Cancer Institute, it is estimated that 1,735,350 people will be diagnosed with cancer and 609,640 adults will die in the US in 2018. The increasing number of a cancer patient may boost the market growth in this region.
Europe holds the second largest market for controlled release drug delivery during the forecast period. The rising number of New Drug Application (NDA) and Abbreviated new drug application (ANDA) applications in the region is also supporting and playing a significant role in the growth of the regional market. Apart from this, the rising geriatric population in Europe enhances the market. According to the Office for National Statistics 2017, the UK population is getting older with 18% aged 65 and above and 2.4% aged 85 years. The increasing in aging may boost the controlled release drug delivery market.
Asia-Pacific was expected to be the fastest growing region for the global controlled release drug delivery market. The market is expected to observe high growth owing to the increasing support by government and private funding agencies for the development of healthcare products and increasing expansion in pharmaceutical industries by India, Japan and China support the market growth in this region.
The Middle East and Africa holds the lowest share for controlled release drug delivery market due to the less per capita income and fewer healthcare facilities. However, the growing campaigns for creating awareness about healthcare facilities may increase the market growth in the Middle East and Africa.
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Global Controlled Release Drug Delivery Market is expected to reach USD 90.18 billion by 2025.
The controlled release drug delivery market is estimated to grow at a significant CAGR of 13.8% over the future period as the scope and its applications are rising enormously across the globe.
Controlled release drug delivery market is segmented based on technology, mechanism, application, and region.Highly enhanced technology used includes Targeted Delivery, Wurster Technique, Transdermal, Coacervation, Implants, Micro Encapsulation, and others that could be explored in controlled release drug delivery market in the future period.
Targeted delivery sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
However, micro encapsulation sector is estimated to grow at fastest pace in the coming years.Chemically Activated, Polymer Matrix Based Systems, Activation-modulated Drug Delivery Systems, Micro Reservoir Partition Controlled Drug Delivery Systems, and Feedback Regulated Drug Delivery Systems are the release mechanisms that could be explored in controlled release drug delivery market in the forecast period.
Chemically activated sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
Global 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 2023Controlled release drug delivery is a method of doling out drugs in required doses to patients.
Market Research Future (MRFR) has compiled the topmost trends, opportunities, and growth drivers of the global controlled release drug delivery market report with forecasts for the period between 2017 and 2023.Controlled Release Drug Delivery Market OutlookThe Global Advanced Controlled Release Drug Delivery Market is set to achieve a jump in valuation from USD 31.96 billion in 2017 to USD 70.15 billion by 2023, according to MRFR.
Key factors driving market growth include rising cases of patient deaths due to overdose, health problems from high doses, and rising R efforts in the healthcare industry.
Advantages pertaining to the technology such as reduction of toxin accumulation, acclimatization of patients to the dose rate, and stability of the medical condition can influence the controlled drug delivery market demand.Low awareness of the technology and high costs per dose can negatively impact the market growth trajectory.Controlled Release Drug Delivery Market Competitive LandscapeAllergan, SKY Pharmaceuticals Pvt.
Ltd., Alza Corporation (Johnson & Johnson), Novartis, Depomed, Inc. (US), AstraZeneca, Collegium Pharmaceutical, GlaxoSmithKline, Pfizer Inc., Corium International Inc., Coating Place, Inc., Biogen, and others are key market participants.Controlled Release Drug Delivery Market SegmentationThe global controlled release drug delivery market is segmented on the basis of route of administration, release mechanism, products, and end users.By route of administration the market is segmented into nasal, oral, ocular, topical, implantable, and injectable.
The injectable is sub-segmented into targeted delivery, transmucosal, and transdermal.On the basis of the release mechanism, the market is segmented into activation modulated drug delivery systems, polymer-based drug delivery systems, feedback-regulated drug delivery systems, micro-reservoir partition-controlled drug delivery systems, and chemically activated controlled drug delivery systems.
Global Controlled Release Drug Delivery Market is expected to reach USD 90.18 billion by 2025.
The controlled release drug delivery market is estimated to grow at a significant CAGR of 13.8% over the future period as the scope and its applications are rising enormously across the globe.
Controlled release drug delivery market is segmented based on technology, mechanism, application, and region.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/controlled-release-drug-delivery-market/request-sampleHighly enhanced technology used includes Targeted Delivery, Wurster Technique, Transdermal, Coacervation, Implants, Micro Encapsulation, and others that could be explored in controlled release drug delivery market in the future period.
Targeted delivery sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
However, micro encapsulation sector is estimated to grow at fastest pace in the coming years.Chemically Activated, Polymer Matrix Based Systems, Activation-modulated Drug Delivery Systems, Micro Reservoir Partition Controlled Drug Delivery Systems, and Feedback Regulated Drug Delivery Systems are the release mechanisms that could be explored in controlled release drug delivery market in the forecast period.
Chemically activated sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
