The most recent study conducted by Report Ocean, titled “Global Controlled-Release Drug Delivery Technology Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Controlled-Release Drug Delivery Technology. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Controlled-Release Drug Delivery Technology Market Size study, by Technology (Wurster technique (drug coating), Coacervation, Micro Encapsulation, Implants, Transdermal, Targeted Delivery, Microelectromechanical Technology, Others (Liposomes)) by Release Mechanism (Polymer Based Systems, Micro Reservoir Partition Controlled Drug Delivery Systems, Feedback Regulated Drug Delivery Systems,
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Activation-modulated Drug Delivery Systems, Chemical Activated) by end use industries (Metered Dose Inhalers, Injectable Transdermal and Ocular Patches, Infusion Pumps, Oral Controlled-drug Delivery Systems, Drug Eluting Stents) and Regional Forecasts 2022-2028Global Controlled-Release Drug Delivery Technology Market is valued approximately USD 40.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8 % over the forecast period 2022-2028.
A controlled release technology refers to a delivery system that performs slow release of the drug over an extended period of time. This is achieved by better control of plasma drug level and less frequent dosing. Growing prevalence of chronic and non-communicable diseases and rising R&D in pharmaceutical industry are key drivers for the growth of Controlled-Release Drug Delivery Technology market. For instance, according to Centers for Disease Control and Prevention, USA- as of 2020, 6 in 10 adults in US have a chronic disease.
Also, Chronic disease is the leading Causes of death & disability in USA. Also, chronic diseases are one of the major contributor in Nation’s USD 3.8 Trillion in Annual Health Care Costs. Also, in January 2020, Adare Pharmaceuticals, Inc. (Lawrenceville, New Jersey, USA based pharmaceutical company) collaborated with NLS Pharmaceutics Ltd. (A Swiss-based pharmaceutical company) to develop mazindol (MZD) Controlled release product for the treatment of narcolepsy and attention deficit hyperactivity disorder (ADHD). The two-player collaborated to deliver an effective pharmacokinetic profile and would improve patient compliance and disease management. Also, with the increasing geriatric and pediatric population, the adoption & demand for Controlled-Release Drug Delivery Technology is likely to increase the market growth during the forecast period. However, high price of Controlled-Release Drug Delivery Technology impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Controlled-Release Drug Delivery Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing research & development in pharmaceutical industry in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2028. Factors such as due to increasing development of the pharmaceutical industry and growing aging population in the region would create lucrative growth prospects for the Controlled-Release Drug Delivery Technology market across Asia-Pacific region.
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Major market player included in this report are:
Bracco Group
Guerbet Group
Medtron AG
Bayer HealthCare LLC
Ulrich GmbH & Co. KG
Nemoto Kyorindo Co., Ltd.
GE Healthcare
VIVID IMAGING
Sino Medical-Device Technology Co., Ltd.
APOLLO RT Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Wurster technique (drug coating)
Coacervation
Micro Encapsulation
Implants
Transdermal
Targeted Delivery
Microelectromechanical Technology
Others (Liposomes)
By Release Mechanism:
Polymer Based Systems
Micro Reservoir Partition Controlled Drug Delivery Systems
Feedback Regulated Drug Delivery Systems
Activation-modulated Drug Delivery Systems
Chemical Activated
By End Use Industries:
Metered Dose Inhalers
Injectable
Transdermal and Ocular Patches
Infusion Pumps
Oral Controlled-drug Delivery Systems
Drug Eluting Stents
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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