Sustained Release Coatings Market Size by Application In Vitro In Vivo, Polymer Material Type Ethyl & Methyl Cellulose Polyvinyl & Cellulose Acetate Methacrylic Acid Polyethylene Glycol (PEG) Others, Substrate Tablets Capsules Pills, Region – Segment-Level Market Assessment, Growth Opportunity Analysis & Competitive Mapping
Overview
Sustained Release Coatings Market is expected to grow at a CAGR of 6.6% during the forecast period and it is expected to reach US$ 847.40 Mn. by 2029.
The report includes an analysis of the revenue of market leaders, followers, and disrupters. Since lockdown was implemented differently in different regions and countries, the impact of the same is also different by region and segment. The report has covered the current short-term and long-term impact on the market, some will help decision-makers to prepare the outline for short-term and long-term strategies for companies by region.
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Sustained Release Coatings Market Dynamics:
An increasing number of patent expirations and soaring need for pediatric and geriatric dosage forms are providing a boosting the growth of the market. Growing awareness regarding added benefits providing by sustained release formulations is also stimulating the growth of the market. Sustained-release formulations expressively reduce dosage frequency and improve patient compliance.
However high cost and alcohol dose dumping are projected to hamper the growth of sustained release coating market. Similarly, an increase in advancement in technology and increasing support from the government may provide a lucrative opportunity for the market key players soon.
In Vitro segment is expected to grow at the highest CAGR, in terms of value, during the forecast period. The market in the In Vitro application is driven by the continuous spending of the pharmaceutical companies in their R&D. The In Vitro application areas are pharmaceutical companies’ R&D domain, government laboratories, contract research organizations, and various private research organizations. Ethyl & methylcellulose and PEG are the major polymer type materials, which are used generally for In Vitro applications.
Sustained Release Coatings Market Regional Insights:
North America is anticipated to witness healthy growth in the global sustained release coatings market on account of the early adoption of technological advancements like the modernization of industry with advancements and innovation targeting a fuel-global economy. The USA and Canada market is held the largest market share in 2022 and is anticipated to show its dominance over the forecast years, in terms of revenue and demand. The market growth is majorly driven by technological advancement, microencapsulated tablets, capsules, and pills which are enhanced in upcoming years. Europe region will play significant roles in the global market owing to growing demand and matured economies in the region.
Recent developments in the Global Sustained Release Coatings Market: In April 2019, DuPont Nutrition & Bioscience announced that they are going to increase their CR Alliance products with the addition of Aqua coat range of modified release products. Coloron and DuPont main goal is to meet the need of their customer so that they can provide better solutions to their consumers.
In March 2021, Evonik announced the launch of EUDRATEC ADD which is particularly designed to provide alcohol-resistant oral drug products along with delayed or sustained release profiles. This new technology will make new EUDRAGIT product and services and will be available in all the formulations.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Sustained Release Coatings Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Sustained Release Coatings Market.
Sustained Release Coatings Market, Key Highlights:
1. Global Sustained Release Coatings Market analysis and forecast, in terms of value.
2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Sustained Release Coatings Market
3. Global Sustained Release Coatings Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
4. Global Sustained Release Coatings Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
5. Global Sustained Release Coatings Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Sustained Release Coatings Market are also profiled.
Sustained Release Coatings Market Scope: Inquire before buying
| Sustained Release Coatings Market | ||||
|---|---|---|---|---|
| Base Year | 2022 | Forecast Period | 2022-2029 | |
| Historical Data | CAGR | Market Size in 2022 | Market Size in 2029 | |
| 2018 to 2022 | 6.6% | US$ 541.74 Mn | US$ 847.40 Mn | |
| Segments Covered | ||||
| by Application In Vitro In Vivo |
by Polymer Material Type Ethyl & Methyl Cellulose Polyvinyl & Cellulose Acetate Methacrylic Acid Polyethylene Glycol (PEG) Others |
by Substrate Tablets Capsules Pills |
||
| Regions Covered | ||||
| North America United States Canada Mexico |
Europe UK France Germany Italy Spain Sweden Austria Rest of Europe |
Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC |
Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A |
South America Brazil Argentina Rest of South America |
Sustained Release Coatings Market Key player
1. Teva Pharmaceutical Industries Ltd.
2. Mylan N.V.
3. Valeant Pharmaceuticals International, Inc.
4. Pfizer, Inc.
5. Sun Pharmaceutical Industries Ltd.
6. Novartis AG
7. AstraZeneca
8. GlaxoSmithKline plc
9. Allergan plc
10. Janssen Pharmaceuticals, Inc.
11. Mayne Pharma Group Limited
12. Depomed, Inc.
13. Coating Place, Inc.
14. Corium International, Inc.
15. Orbis Biosciences, Inc.
16. Capsugel
17. Aradigm Corporation
18. Alkermes plc
19. Colorcon
20. BASF
21. Evonik
22. Bausch Health Companies, Inc.
23. LFA Machines Oxford LTD
24. SEPPIC
25. Eastman Chemical Company
Frequently Asked Questions:
1. Which region has the largest share in Global Sustained Release Coatings Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Sustained Release Coatings Market?
Ans: The Global Sustained Release Coatings Market is growing at a CAGR of 6.6% during forecasting period 2023-2029.
3. What is scope of the Global Sustained Release Coatings market report?
Ans: Global Sustained Release Coatings Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Sustained Release Coatings market?
Ans: The important key players in the Global Sustained Release Coatings Market are - Teva Pharmaceutical Industries Ltd., Mylan N.V., Valeant Pharmaceuticals International, Inc., Pfizer, Inc., Sun Pharmaceutical Industries Ltd., Novartis AG, AstraZeneca, GlaxoSmithKline plc, Allergan plc, Janssen Pharmaceuticals, Inc., Mayne Pharma Group Limited, Depomed, Inc., Coating Place, Inc., Corium International, Inc., Orbis Biosciences, Inc., Capsugel, Aradigm Corporation, Alkermes plc, Colorcon, BASF, Evonik, Bausch Health Companies, Inc., LFA Machines Oxford LTD, SEPPIC, and Eastman Chemical Company.
5. What is the study period of this market?
Ans: The Global Sustained Release Coatings Market is studied from 2018 to 2029.