Global Controlled Release Drug Delivery Market Report and Forecast 2024-2032

Global Controlled Release Drug Delivery Market Outlook

The global controlled release drug delivery market size was valued at USD 54.8 billion in 2023, driven by the emphasis on reducing medication related side-effects across the globe. The market is expected to grow at a CAGR of 10.4% during the forecast period of 2024-2032, with the values likely to rise from USD 60.5 billion in 2024 to USD 134 billion by 2032.

Controlled Release Drug Delivery: Introduction

Controlled release drug delivery is done to achieve the optimal drug-serum concentration by releasing drugs in a rational programed rate. This system can allow reduced drug administration, better drug absorption, and lesser side effects. It can enhance the efficacy, safety, and convenience of drug therapy in patients. Controlled release drug delivery is commonly done via oral and transdermal administration, among others.

Global Controlled Release Drug Delivery Market Analysis

Traditional drug formulations are often associated with unwanted side effects, painful administration, infusion related toxicity, immunocompromised host, and antimicrobial resistance. To address such concerns, researchers have diverted towards new methods of drug administration, leading to accelerated controlled release drug delivery market value.

Recently, electrospun nanofibers have emerged as a new advancement in controlled drug release market strategies. Most of the benefits lie in the cost, easy programmability, versatility, and scalability of the nanofibers. They can be easily customized based on orientation, size, and the nature of polymers.

The controlled release drug delivery market growth is driven by the increasing engagement of impactful healthcare companies to develop better alternative for patients. AstraZeneca has recently come up with several new options to make drug administration convenient. Biodegradable implants are a prime example. PLGA (poly lactic-co-glycolic acid) and polycaprolactone are being used to store medicines and release them as per the diffusion and degradation characteristics of the particles.

Another method is the atomic layer deposition of metal oxides. It is a dry, metal oxide film deposition that allows sustained release for prolonged period, followed by nano shell formation on the surface. The Silica particle-based controlled release is also being investigated and may be a preferred alternative in the future.

Global Controlled Release Drug Delivery Market Segmentation

Market Breakup by Technology

• Wurster Technique

• Coacervation

• Micro Encapsulation

• Implants

• Transdermal

• Targeted Delivery

• Others

Market Breakup by Mechanism

• Polymer Based Systems

• Micro Reservoir Partition Controlled Drug Delivery Systems

• Feedback Regulated Drug Delivery Systems

• Activation-modulated Drug Delivery Systems
  • Osmotic Pressure Activated
  • Hydrodynamic Pressure Activated
  • Vapor Pressure Activated
  • Mechanically Activated
  • Magnetically Activated

• Chemically Activated
  • pH Activated
  • Hydrolysis Activated
  • Enzyme Activated

Market Breakup by Applications

• Metered Dose Inhalers

• Injectable

• Transdermal and Ocular Patches

• Infusion Pumps

• Oral Controlled-drug Delivery Systems

• Drug Eluting Stents

Market Breakup by End User

• Hospitals

• Ambulatory Surgical Centers

• Cancer Research Institutes

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Controlled Release Drug Delivery Market Overview

The controlled release drug delivery market share was dominated by the United States during the historical period. The growing market size can be attributed to a well-developed healthcare infrastructure and a strong focus on research and development. With significant investments in advanced technologies, the regulatory bodies pertaining to the area also play a critical role in maintaining the efficacy of drug administration.

Europe, having prominent research and academic institutions, along with key healthcare companies, is a major player in the market. The market growth is highly driven by the growing partnerships between research institutions and healthcare companies, aimed at offering better drug delivery technologies to the patients.

With rising geriatric population and high incidence of chronic diseases, Asia Pacific countries are experiencing high controlled release drug delivery market demand. Factors like rising infrastructure development, disposable incomes, and growing awareness of advanced treatment options are further fueling the market growth. Private sectors are also playing a huge part in improving the healthcare ecosystem and fostering innovative drug delivery systems.

Global Controlled Release Drug Delivery Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Johnson & Johnson

• Novartis AG

• Pfizer Inc.

• GlaxoSmithKline plc (GSK)

• Merck & Co., Inc.

• Bristol Myers Squibb Company

• Eli Lilly and Company

• Alkermes plc.

• UCB S.A.

• Vectura Group plc.

• Coating Place, Inc.

• Skyepharma Production S.A.

• Capsugel

• Depomed, Inc.

• Aradigm Corporation

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report