Sustained Release Coating Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Sustained Release Coating Market – Overview
The sustained release coating market has been estimated to grow at a noteworthy speed throughout the forecast period. The growth prospects in the global market are attributed to the development of the mini-tablets at an increased rate around the world. This development has achieved noteworthy attention because of various advantages that include less coating material required and ease of manufacturing. In addition to this, less intra- and inter-subject variability and less risk of dose dumping are some other vital advantages of these mini-tablets that are likely to fuel the growth avenues in the global market in the foreseeable years.
Excipient technologies, modified-release tablet formulation, versatile sustained release, and solvent-free production are some other noteworthy advancements that are taking place in the global market.
Sustained Release Coating Market – Key Drivers
The sustained release coating market has been experiencing demand avenues with noticeable growth in the pharmaceutical industry because of the requirement for the targeted action to the desired site. This factor further improved the treatment and resulted in lesser or no side effects. Thus, as a result, the rapid development of the drugs with sustained-release coatings has been estimated to increase the demand for these products in order to distribute the active ingredients precisely and effectively. In addition to this, pharmaceutical businesses also use sustained-release coating technology in order to disguise the odor or bitter taste of medications. These are also used for the controlled distribution of medications from the pharmaceutical industry. Thus, based on these benefits in the pharmaceutical industry, the sustained release coating market is likely to expand at a rapid pace in the coming years.
The development of novel technologies, for instance, sustained-release coating along with rising demand for microencapsulated products are likely to fuel growth avenues in the global market.
Sustained Release Coating Market – Recent Developments and Key Players
The sustained release coating market is nearly fragmented while considering numerous aspects. The market can also be characterized due to the presence of several industry players at the regional as well as international levels. Furthermore, these players are concentrating on certain strategies in order to achieve their desired subjects. Penetration in the global market and increasing consumer awareness of the brand are also some noteworthy points that are considered by these market players. The other significant trends in the global market include increased R & D activities to enhance existing technologies, mergers or tie-up, product portfolio expansion, and novel product launches. Along with these initiatives, the players from the market are putting efforts to enhance their services to make a wider reach to their consumers.
For instance, Colorcon Inc. has expanded its portfolio in April 2019 while adding a wide range of the novel products with modified release that come with Aquacoat technology of DuPont. The line of these products includes Aquacoat ECD that is basically a colloidal dispersion of ethylcelluloce polymer for the sustained release. Further, the coatings can also be used not only in nutritional solid dose applications but also in pharmaceutical industry.
Some of the key players in the sustained release coating market are:
Sustained Release Coating Market – Regional Assessment
The sustained release coating market has been divided into North America, Asia Pacific, the Middle East & Africa, Latin America, and Europe among regions. Out of these areas, North America has been predicted to hold the largest share in the global market with rising demand for pills, capsules, and microencapsulated tablets. In addition to this, the presence of a larger number of pharmaceutical players along with huge investments to develop novel drugs as well as drug delivery systems are also estimated to create stable growth avenues in the global market in the following years.
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