The Sustained Release Excipients Global Market Report 2024
by The Business Research Company provides market overview across 60+
geographies in the seven regions - Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle East, and Africa, encompassing
27 major global industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a ten-year
forecast period (2023-2033).
Learn More On The Sustained Release Excipients Market:
https://www.thebusinessresearchcompany.com/report/sustained-release-excipients-global-market-report
According to The Business Research Company’s Sustained Release Excipients
Global Market Report 2024, The sustained release excipients market size has
grown strongly in recent years. It will grow from $1.29 billion in 2023 to
$1.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be
attributed to increased demand for controlled drug release, chronic disease
prevalence, patient compliance and convenience, pharmaceutical industry
innovations, regulatory support for extended-release formulations..
The sustained release excipients market size is expected to see strong growth
in the next few years. It will grow to $1.96 billion in 2028 at a compound
annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be
attributed to increasing geriatric population, focus on personalized medicine,
challenges in patient adherence, rise in complex drug formulations,
advancements in disease management, global healthcare expansion.. Major trends
in the forecast period include patient-centric drug delivery, collaborations
for formulation development, regulatory compliance and safety, global expansion
of drug formulation technologies, influence of biopharmaceuticals..
The increasing prevalence of chronic and acute diseases is expected to propel
the growth of the sustained-release excipients market going forward. Chronic
and acute diseases are two distinct categories used to classify different
illnesses based on their duration and progression. Chronic diseases are
long-lasting medical conditions that persist over an extended period, typically
three months or more. Acute diseases are characterized by a rapid onset of
symptoms that are usually severe but short-lived. These diseases develop
suddenly and generally last briefly, ranging from hours to days or weeks.
Sustained-release excipients are widely used to formulate pharmaceutical
products for both chronic and acute diseases. It improves patient adherence,
maintains consistent drug levels, reduces side effects, and improves disease
management, so these factors boost the sales of sustained-release excipients.
For instance, in September 2022, according to the World Health Organization
(WHO), a Switzerland-based specialized health agency, cardiovascular diseases
accounted for most NCD deaths, or 17.9 million people annually, followed by
chronic respiratory illnesses (4.1 million), diabetes (2.0 million, including
fatalities from renal disease brought on by diabetes), and cancer (9.3
million). Furthermore, in October 2022, according to an article published by
the Pan American Health Organization, a US-based international public health
agency, approximately 10.6 million people fell ill with tuberculosis (TB) in
2021, an increase of 4.5% from 2020. Therefore, the increasing prevalence of
chronic and acute diseases drives the growth of the sustained-release
excipients market.
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The sustained release excipients market covered in this report is segmented –
1) By Product: Gelatin, Polymers, Minerals, Sugars, Alcohol, Chitosan
2) By Route of Administration: Oral, Intramuscular, Subcutaneous, Transdermal,
Vaginal, Ophthalmic, Intravenous, Other Routes of Administration
3) By Technology: Targeted Delivery, Micro Encapsulation, Wurster Technique,
Transdermal, Implants, Coacervation
Product innovation is the key trend gaining popularity in the sustained release
excipients market. Major companies operating in the sustained release
excipients market are developing innovative products to strengthen their
position in the market. For instance, in September 2022, Nutriventia Limited,
an India-based pharmaceutical company, launched Prolanza, a sustained-release
ashwagandha ingredient (Withania somnifera). It is an advanced Ashwagandha
root-only extract that offers continuous stress-reduction support. Prolanza's
unique release mechanism allows it to exhibit its therapeutic effects over an extended
period with just one dose each day. IProlanza ashwagandha demonstrated better
relative absorption, improved bioavailability, and a longer elimination
half-life when compared to the control component, indicating a
sustained-release profile. Prolanza's therapeutic effects will last longer and
have a higher overall good influence on health because ashwagandha is primarily
used for its capacity to adapt and lessen stress responses. It's manufactured
from natural herbs and has been clinically confirmed to work.
The sustained release excipients market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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