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Sustained Release Excipients Market: Size, Share, Trends, Growth And Forecast To 2032
Sustained Release Excipients Market
The Business Research Company's Sustained Release Excipients Global Market Report 2023 identifies increasing prevalence of chronic and acute diseases as the major driver for the Sustained Release Excipients market's growth in the forecast period. 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
The global sustained release excipients market size is expected to grow from $1.18 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sustained release excipients market size is expected to reach $1.80 billion in 2027 at a CAGR of 8.6%.
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Major competitors in the Sustained Release Excipients market are Mylan N.V., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Novartis AG, Ashland Global Holdings, BASF Corporation, Croda International PLC, GlaxoSmithKline PLC, Evonik Industries, Gattefosse SAS, International Flavors And Fragrances Inc., Merck KGaA, AstraZeneca PLC, Colorcon Inc., and Salix Pharmaceuticals Inc
A key trend in the Sustained Release Excipients market includes Product innovation. Major companies operating in the sustained release excipients market are developing innovative products to strengthen their position in the market.
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The Sustained Release Excipients market 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sustained Release Excipients market.
The Business Research Company's "Global Sustained Release Excipients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sustained Release Excipients Market Include:
1. Executive Summary
2. Sustained Release Excipients Market Characteristics
3. Sustained Release Excipients Market Trends And Strategies
4. Sustained Release Excipients Market - Macro Economic Scenario
5. Sustained Release Excipients Market Size And Growth
......
26. Africa Sustained Release Excipients Market
27. Sustained Release Excipients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sustained Release Excipients Market
29. Sustained Release Excipients Market Future Outlook and Potential Analysis
30. Appendix
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