Sustained Release Coating Market Synopsis
Sustained Release Coating Market Size Was Valued at USD 2.09 Billion in 2023, and is Projected to Reach USD 3.25 Billion by 2032, Growing at a CAGR of 5.01 % From 2024-2032.
Sustained Release Coating Market is related to manufacturing and deployment of coatings that are capable of controlling API release in the formulation of drugs. Such coatings are used in the pharmaceutical field to increase the release rate of the drug, to minimize dosing time improve patient’s compliance with the therapy, and sustain therapeutic concentration for a long time.
The global market for sustained-release coated products has grown rapidly because of the expanding market of novel drug delivery systems in the pharmaceutical and biopharmaceutical industries. Growing instances of health conditions, including diabetes, cardiovascular diseases, and neurological disorders have gradually fans the use of sustained-release drug delivery systems. These coatings permit patients to control their conditions with fewer dosages, and minimal side effects in point with patient-centered care.
Further, there is improvement in the coating techniques such as the polymer matrix coating system, which has improved the accuracy and efficacy of sustained-release products. The availability of biocompatible and biodegradable polymers has played a key role in the development of these coatings in diverse fields apart from controlled oral drug delivery systems to injectable and implantable devices. Moreover, stringent government encouragement for novel drug delivery systems has sought to bolster market development, mainly in developed nations.
Sustained Release Coating Market Outlook, 2023 and 2032: Future Outlook
Sustained Release Coating Market Trend Analysis
Advancements in Polymer Technologies
- Basically, the growth of the sustained release coating market is set shifted by breakthroughs in polymer science. Ethylcellulose, polyvinyl acetate and hydroxypropyl methylcellulose are now commonly in use because they can control the drug release rate accurately. Advancements in nanotechnology and microencapsulation technology, have added to the effect of these coatings by allowing for the timed release spanning anywhere between days, weeks, and months. Another advantage to this research is that the drive for eco-friendly and sustainable polymers also provides manufacturers with an advantage in a competitive world market that now focuses on environmentally friendly production.
Expanding Applications in Emerging Markets
- Tripling up the overall growth of the market, the sustained release coating market in emerging economies is found to be promising due to rising healthcare facilities and the fast-expanding pharmaceutical sector. Increased understanding of disease duration and easier access to medication is helping in the adoption of sustained-release drug formulations. These regions are such good markets for investment because governments and private players in these areas are themselves investing large sums of money in R&D and in manufacturing businesses. Moreover, it comes with another advantage that they can find local pharmaceutical companies to establish long-term cooperation with them to optimize distribution channels, and develop market access if required.
Sustained Release Coating Market Segment Analysis:
Sustained Release Coating Market Segmented on the basis of material type, application and substrate.
By Material Type, Polyvinyl & Cellulose Acetate segment is expected to dominate the market during the forecast period
-
The Polyvinyl & Cellulose Acetate segment would likely see itself on a dominant pedestal across the given forecast timeframe due to factors such as improved film forming attributes and compatibilities across all types of APIs. These materials are very flexible, their permeability is homogeneous and they are chemically stable at various climate conditions. This dominance is further compounded by high application in both an oral and injectable drug form, thereby affording uniform drug release and high bioavailability. These coatings are preferred in pharmaceutical industries because of their affordability and because they can provide compliance to the best regulatory requirements.
By Application, In Virto segment is expected to hold the largest share
-
In the ongoing market of sustained release coating, the In Vitro segment seems to inaugurate the largest chunk essentially due to its prominence in drug discovery and formulation evaluation processes. The in vitro methods are an essential tool in any formulation process for pharmaceutical manufacturers since they offer the opportunity to evaluate the release kinetics of coatings and other factors that cannot be determined in vivo. The use of in vitro testing is also related to the ethical issue, which means the trials without using animals but the quality of the outcomes remains rather high.
Sustained Release Coating Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
-
The market for sustained release coating in North America is likely to maintain its dominance of the global market through the forecast period due to well-developed pharmaceutical sector, an efficient healthcare system, and investments in research and development. This is further supported by fixed revenues from manufacturing industries, most especially prominent pharmaceutical firms and innovative horizontal drug delivery systems. The usage of sustained release formulations is currently widely practiced in the United States, and there is a special focus on patient-oriented strategies and new preparations.
- Canada also factors in the market mainly by Research & Development investment on biopharmaceuticals and formulation drugs. The market focus in the region for cutting down the costs of healthcare especially by enhancing the delivery systems of drugs is on the right track for establishing sustained release coatings. Similarly, the increase in incidence of chronic diseases and the aging population also demand long acting and efficient drugs and formulations, and make North America the leader in the world market.
Sustained Release Coating Market Share, by Geography, 2023 (%)
Active Key Players in the Sustained Release Coating Market
- AbbVie Inc. (USA)
- AstraZeneca (UK)
- BASF SE (Germany)
- Colorcon, Inc. (USA)
- Dow Chemical Company (USA)
- Evonik Industries AG (Germany)
- Glatt GmbH (Germany)
- Johnson & Johnson (USA)
- Merck KGaA (Germany)
- Pfizer Inc. (USA)
- Purdue Pharma (USA)
- Roquette Frères (France)
- Sanofi (France)
- The Lubrizol Corporation (USA)
- Vertex Pharmaceuticals (USA)
- Other key Players
|
Global Sustained Release Coating Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.09 Billion |
|
Forecast Period 2024-32 CAGR: |
5.01 % |
Market Size in 2032: |
USD 3.25 Billion |
|
Segments Covered: |
By Material Type |
|
|
|
By Application |
|
||
|
By Substrate |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Sustained Release Coating Market by Type
4.1 Sustained Release Coating Market Snapshot and Growth Engine
4.2 Sustained Release Coating Market Overview
4.3 Eyed needles Eyeless
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Eyed needles Eyeless: Geographic Segmentation Analysis
Chapter 5: Sustained Release Coating Market by Application
5.1 Sustained Release Coating Market Snapshot and Growth Engine
5.2 Sustained Release Coating Market Overview
5.3 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures: Geographic Segmentation Analysis
Chapter 6: Sustained Release Coating Market by End Users
6.1 Sustained Release Coating Market Snapshot and Growth Engine
6.2 Sustained Release Coating Market Overview
6.3 Ambulatory surgical centers Hospitals Clinics Others
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Ambulatory surgical centers Hospitals Clinics Others: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Sustained Release Coating Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ABBVIE INC. (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 ASTRAZENECA (UK)
7.4 BASF SE (GERMANY)
7.5 COLORCON INC. (USA)
7.6 DOW CHEMICAL COMPANY (USA)
7.7 EVONIK INDUSTRIES AG (GERMANY)
7.8 GLATT GMBH (GERMANY)
7.9 JOHNSON & JOHNSON (USA)
7.10 MERCK KGAA (GERMANY)
7.11 PFIZER INC. (USA)
7.12 PURDUE PHARMA (USA)
7.13 ROQUETTE FRÈRES (FRANCE)
7.14 SANOFI (FRANCE)
7.15 THE LUBRIZOL CORPORATION (USA)
7.16 VERTEX PHARMACEUTICALS (USA)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Sustained Release Coating Market By Region
8.1 Overview
8.2. North America Sustained Release Coating Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Eyed needles Eyeless
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.2.6 Historic and Forecasted Market Size By End Users
8.2.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Sustained Release Coating Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Eyed needles Eyeless
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.3.6 Historic and Forecasted Market Size By End Users
8.3.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Sustained Release Coating Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Eyed needles Eyeless
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.4.6 Historic and Forecasted Market Size By End Users
8.4.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Sustained Release Coating Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Eyed needles Eyeless
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.5.6 Historic and Forecasted Market Size By End Users
8.5.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Sustained Release Coating Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Eyed needles Eyeless
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.6.6 Historic and Forecasted Market Size By End Users
8.6.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Sustained Release Coating Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Eyed needles Eyeless
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Cardiovascular General surgery orthopedic procedures Gynaecological procedures Veterinary procedures
8.7.6 Historic and Forecasted Market Size By End Users
8.7.6.1 Ambulatory surgical centers Hospitals Clinics Others
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
|
Global Sustained Release Coating Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.09 Billion |
|
Forecast Period 2024-32 CAGR: |
5.01 % |
Market Size in 2032: |
USD 3.25 Billion |
|
Segments Covered: |
By Material Type |
|
|
|
By Application |
|
||
|
By Substrate |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
