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Gastroretentive Drug Delivery Systems Outsourcing Market Analysis With Key Players, Applications, Trends And Forecast To 2033
Gastroretentive Drug Delivery Systems Outsourcing Market
As per the report, the gastroretentive drug delivery systems outsourcing market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The gastroretentive drug delivery systems outsourcing market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Rising Prevalence Of Gastrointestinal Disorders Drives Growth In Gastroretentive Drug Delivery Systems Outsourcing Market
The rising prevalence of gastrointestinal disorders is expected to propel the growth of the gastroretentive drug delivery systems outsourcing market going forward. Gastrointestinal disorders refer to a wide range of diseases affecting the digestive tract, which includes the stomach, liver, gallbladder, intestines, and pancreas. Gastrointestinal disorders are rising due to aging populations, antibiotic use, infectious agents, dietary changes, stress and lifestyle factors, and obesity. Outsourcing gastroretentive drug delivery systems provides pharmaceutical companies with the resources and expertise needed to address the growing burden of gastrointestinal disorders, ultimately improving patient outcomes and quality of life. For instance, according to the International Foundation for Gastrointestinal Disorders (IFFGD), a nonprofit education and research organization, it's estimated that 5-10% of the global population and 25-45 million people in the U.S. have Irritable bowel syndrome (IBS), a common functional gastrointestinal disorder, which accounts for 20-40% of gastroenterologist visits, significantly impacting individuals and healthcare resources. Therefore, the rising prevalence of gastrointestinal disorders is driving the gastroretentive drug delivery systems outsourcing market.
Innovative Products Driving Growth In Gastroretentive Drug Delivery Systems Outsourcing Market
Major companies operating in the gastroretentive drug delivery systems outsourcing market are focused on developing innovative products, such as proton pump inhibitors, to enhance drug delivery efficiency and patient convenience. Proton pump inhibitors (PPIs) are a class of medications commonly used to treat conditions related to excessive stomach acid production. For instance, in March 2021, Xiromed LLC, a US-based pharmaceutical company, launched Omeprazole Delayed Release Capsules, 20mg, a generic version of Prilosec. Prilosec (omeprazole) is a proton pump inhibitor medication used to treat conditions caused by excess stomach acid production. Omeprazole Delayed-Release Capsules offer patients a reliable and visually recognizable dosage form for Omeprazole, a proton pump inhibitor used to treat various gastrointestinal conditions. The specific color and coding of the capsules enhance patient adherence and medication management, ensuring accurate dosing and treatment efficacy.
The gastroretentive drug delivery systems outsourcing market covered in this report is segmented -
1) By Type: Floating Systems, Bioadhesive Systems, Other Types
2) By Dosage Form: Tablets, Liquid, Microspheres, Capsule, Other Dosage Forms
3) By Application: Gastroesophageal Reflux Disease (GERD), Neurological Disorders, Other Applications
4) By End User: Pharmaceutical Companies, Contract Research Organizations (CROs), Other End Users
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Major companies operating in the gastroretentive drug delivery systems outsourcing market are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A., AstraZeneca plc, Novartis AG, GlaxoSmithKline plc, Evonik Industries AG, Alcon Inc., SGS SA, Lonza Group AG, FMC Corporation, Sun Pharmaceutical Industries Ltd., Catalent Inc., AptarGroup Inc., Cadila Pharmaceuticals, Ashland Global Holdings Inc, Lupin Limited, Torrent Pharmaceuticals Ltd., Evotec SE, Colorcon Inc., Ranbaxy Laboratories Limited, Quotient Sciences Limited, Aenova Group, Vectura Group Ltd., Assertio Therapeutics Inc., Coating Place Inc., Xiromed LLC, SPI Pharma Inc.
Contents of the report:
1. Executive Summary
2. Gastroretentive Drug Delivery Systems Outsourcing Market Report Structure
3. Gastroretentive Drug Delivery Systems Outsourcing Market Trends And Strategies
4. Gastroretentive Drug Delivery Systems Outsourcing Market - Macro Economic Scenario
5. Gastroretentive Drug Delivery Systems Outsourcing Market Size And Growth
…..
27. Gastroretentive Drug Delivery Systems Outsourcing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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