controlled release drug delivery market
Pharmaceutical

Global controlled release drug delivery market growth to be driven by demand for easy and comfortable drug delivery systems globally

The global controlled release drug delivery market is segmented on the basis of technology, mechanism, application, and region.

On the basis of technology, the global controlled release drug delivery market is segmented into Wurster Technique, Coacervation, Micro Encapsulation, Implants, Transdermal, Targeted Delivery, and Others (Microelectromechanical Technology, Liposomes). The targeted delivery segment is expected to account for highest share in the global controlled release drug delivery market in terms of revenue. This can be attributed to rising prevalence of chronic diseases and preference for targeted delivery as it helps in delivering medication to target site and prevents toxicity by keeping it away from other sites. The microencapsulation segment is projected to register highest CAGR over the forecast period.

On the basis of mechanism, the global controlled release drug delivery market is segmented into polymer matrix based systems, micro reservoir partition controlled drug delivery systems, feedback regulated drug delivery systems, activation-modulated drug delivery systems, and chemically activated. The polymer matrix based systems segment is expected to account for highest share in the global controlled release drug delivery market in terms of revenue. This can be attributed to rising preference for polymer matrix based systems over other forms as it has high rate of dissolution and ability to control drug diffusion. The chemically activated segment is projected to register highest CAGR over the forecast period.

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On the basis or region, the global controlled release drug delivery market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America market accounted for largest market share in the global controlled release drug delivery market. Market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to increasing patient pool in emerging economies in this region.

Key players operating in the global controlled release drug delivery market include Depomed, Inc., Coating Place, Inc., Corium International, Inc., Johnson and Johnson, Alkermes plc, Pfizer, Inc., Orbis Biosciences, Inc., Capsugel Inc., Merck and Co., Inc., and Aradigm Corporation

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