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Soaring Growth in Extended-Release Drugs Market: Projections, Key Players, and Emerging Trends
Extended-Release Drugs Market Size
What Is The Projected Market Size Of The Global Extended-Release Drugs Market And Its Growth Rate?
The extended-release drugs market has experienced substantial growth in recent years with significant projections for upcoming years:
• The market size rose from $63.11 billion in 2024 to an estimated $70.28 billion in 2025, reflecting a CAGR of 11.4%.
• Major contributors to this growth include patient compliance improvement, chronic disease prevalence, improved efficacy, and patent protection strategies.
• The market is expected to further expand, reaching $113.05 billion in 2029 at a CAGR of 12.6%.
• This forecasted growth can be attributed to advancements in personalized medicine, patient-centric drug development, an increasing incidence of lifestyle diseases, and global access to extended-release therapies.
What Is Driving The Growth In The Extended-Release Drugs Market?
The augmenting incidence of chronic conditions is a significant factor stimulating the growth of the extended-release drug market. Diseases that persist for a year or longer, requiring consistent medical care and potentially limiting daily activities, are categorized as chronic conditions. Examples include heart disease, cancer, obesity, and diabetes. The extended-release drug delivery systems maintain a relatively steady level of medication in the body over an extended period, promoting a consistent therapeutic effect and eliminating drug level fluctuations associated with immediate-release medications. The growing incidence of chronic conditions is thus propelling the extended-release drug market's growth.
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Who Are the Key Players Driving Extended-Release Drugs Market Growth?
The extended-release drugs market is propelled by several leading companies, including:
• Pfizer Inc.
• AbbVie Inc.
• Novartis AG
• Sanofi SA
• GlaxoSmithKline PLC
• AstraZeneca Plc
• Gilead Sciences Inc.
• Boehringer Ingelheim International GmbH
• Viatris Inc.
What Are The Key Trends In The Extended-Release Drugs Market?
Key trends propelling the extended-release drugs market include:
• Pharmaceutical innovation
• Advancements in drug delivery systems
• Nanotechnology advancements
• Use of 3D printing in drug formulations
• Artificial Intelligence utilization
• Environmental sustainability
What Are The Segments Of The Global Extended-Release Drugs Market?
1) By Type: Sustained Release Drug, Controlled Release Drug
2) By Mode: Over-The-Counter, Prescription
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Mail Order Pharmacies, Drug Stores
Which Region Leads The Extended-Release Drugs Market?
North America led the extended-release drugs market in 2024. However, the Asia-Pacific region is forecasted to be the fastest-growing in the coming years. Other regions covered in the extended-release drugs market report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Extended-Release Drugs Market Global Market Report?
• Market Size Analysis: Analyze the Extended-Release Drugs Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Extended-Release Drugs Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Extended-Release Drugs Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Extended-Release Drugs Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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