Overview
The global controlled-release drug delivery market is expected to exhibit a CAGR of 9.2% during the forecast period (2024-2031)
The shift in prescription patterns among physicians towards controlled-release drug delivery systems is expected to drive growth in this market. Physicians prefer these systems due to their advantages, including enhanced therapeutic efficacy, improved patient compliance, and reduced treatment costs compared to conventional methods.
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Market Growth Trends
Increase in Chronic Disease Prevalence to Boost Controlled Release Drug Delivery Market
The growing prevalence of chronic diseases, including diabetes, hypertension, and cancer, is expected to accelerate the growth of the controlled-release drug delivery market. Chronic conditions, particularly obesity and diabetes, are significant concerns, especially among the elderly.
For example, the global rise in diabetes cases is a key factor driving market expansion. The International Diabetes Federation reports that by 2021, approximately 537 million people were living with diabetes, representing about one in ten individuals.
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Market is segmented
By Product: Polymer-based drug delivery system, Micro reservoir partition-controlled drug delivery system, Feedback regulated drug delivery system, Activation modulated drug delivery system (Osmotic pressure-activated drug delivery, Hydrodynamic pressure-activated drug delivery, Vapor pressure-activated drug delivery, Mechanically activated drug delivery, Magnetically activated drug delivery), Chemically activated drug delivery system (pH activated drug delivery, Hydrolysis activated drug delivery, Enzyme activated drug delivery)
By Technology: Wurster technique, Microencapsulation, Coacervation, Targeted delivery
By Route of Administration: Drug-eluting stents, Ocular implants, Nasal sprays, Transdermal patches, Infusion pumps, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
- Johnson and Johnson.
- Coating Place, Inc
- Corium International, Inc
- Depomed, Inc
- Pfizer, Inc
- Biogen
- GlaxoSmithKline
- Novartis
- Orbis Biosciences, Inc.
- Merck and Co.
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