Global Sustained Release Coatings Market Outlook
According to a new report by Expert Market Research titled “Global Sustained Release Coatings Market Size, Share, Analysis, Report, Trends, Demand, Forecast 2023-2028″, the global sustained release coatings market reached a value of USD 537.75 million in 2022. Aided by the growing demand for advanced drug delivery systems and the increased focus on improving patient compliance, the market is projected to further grow at a CAGR of 6.4% between 2023 and 2028 to reach a value of USD 780.01 million by 2028.
Sustained release coatings are applied to pharmaceutical dosage forms, primarily tablets and capsules, to control and extend the release of a therapeutic agent over a prolonged period. This technology enhances the efficacy of medications, reduces side effects, and improves patient adherence to treatment regimens.
As per the sustained release coatings market analysis, sustained release coatings are designed to release a drug at a predetermined, predictable, and sustained rate, ensuring that the concentration of the drug remains consistent over time. These coatings are formulated using various polymers, including cellulose derivatives, acrylic polymers, and protein-based materials, which control the drug release profile by modifying the dissolution and diffusion properties of the coatings.
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The controlled release of drugs from sustained release formulations results in several benefits for patients, including reduced frequency of dosing, minimised drug fluctuations in the bloodstream, improved patient compliance, and potentially fewer side effects due to more consistent drug levels.
One of the key factors propelling the global sustained release coatings market demand is the growing prevalence of chronic diseases, such as diabetes and heart disease, which often require long-term medication. These coatings are particularly beneficial for elderly patients and those with chronic conditions who may be on multiple medications and are more likely to be non-compliant with complex dosing regimens.
Additionally, sustained release coatings market growth is being fuelled by the increasing demand of these coatings in the development of novel drug delivery systems, such as multiparticulate systems, which offer further refinements in drug release profiles. These advanced systems are driving innovation in the pharmaceutical sector, pushing companies to develop more patient-friendly and effective medications.
Moreover, the rising focus on patient-centric approaches in medicine is creating a strong demand for medications that are easier to adhere to and that minimise adverse effects – characteristics that are intrinsic to sustained release formulations.
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The regulatory landscape is evolving to accommodate and even encourage the development of sustained release formulations. Regulatory agencies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) are actively supporting innovations in drug delivery technologies through various incentives and expedited approval pathways.
Technological advancements in coating materials and equipment are also contributing to the sustained release coatings market share. For example, the development of aqueous coating systems has addressed many of the environmental and safety issues associated with solvent-based systems, making the coating process more efficient, safer, and more sustainable.
Global Sustained Release Coatings Market Segmentation
The market can be divided based on polymer material type, application, substrate, and region.
Market Breakup by Polymer Material Type
- Ethyl and Methyl Cellulose
- Polyvinyl and Cellulose Acetate
- Methacrylic Acid
- Polyethylene Glycol (PEG)
Market Breakup by Application
- In Vitro
- In Vivo
Market Breakup by Substrate
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sustained release coatings market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF SE [BAS (ETR)]
- Evonik Industries AG [EVK (ETR)]
- Colorcon, Inc.
- Coating Place, Inc.
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