Global Sustained Release Coating Market
Overview:
Sustained-release coating tablets are produced for releasing drugs slowly and absorption of drugs in our body. Sustained release coating tablets release drugs slowly in the bloodstream and help in eliminating the need for multiple dosages. One of the most important benefit of sustained release coating tablets is that they maintain constant blood levels for long time period. These also help in reducing side effects of drugs and also reduce sleep disruption caused due to breakout pain. Clomipramine, alprazolam, bupropion, quetiapine and others are some of the sustained-release coating tablets.
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Impact of COVID โ 19:
Coronavirus was first reported in China in December 2019 and later it spread across the world and was declared as a pandemic by the WHO in 2020. At least 263 million coronavirus cases and 5.2 million deaths have been reported worldwide till December 03, 2021. The pandemic has directly affected the production and demand of products and also led to disruptions in the distribution channels. The pandemic led to lockdowns being imposed and affecting the economy of the country. Government of India declared relief packages for construction workers and daily wage workers for all states and union territories and an amount of US$ 13.3 per person.
The Journal of Generic Medicine produced an article in in July 2020, stating that the pandemic affected the supply of finished drugs and APIs (Active Pharmaceutical Ingredients) to the world, thus affecting the pharmaceutical industry. As India and China are major suppliers of APIs and finished products in the world, lockdown and delay in transportation has severely affected the pharmaceutical industry. Due to the outbreak of the pandemic, supplies from India and China to the global manufactures is limited and there has been an overall increase in costs for manufactures, importers as well as the customers, thus impacting the pharmaceutical industry.
Merck KGaA, published an article in January 2021, mentioning that an appropriate release kinetics is essential for an API, in order to witness success of the therapeutic effect. For certain medications like Anpec SR, sustained release permits a large amount of API in a single dose reducing the number of daily doses required. This increases the usage of the sustained-release formulations and thereby propels the growth of the global sustained release coating market.
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Drivers:
Rise in the number of products launches by key players in the market is anticipated to propel the growth of the global sustained release coating market during the forecast period. For instance, JRS PHARMA, notified about the launch of their VIVAPHARM alginates product line in November 2020, which includes VIVAPHARM Calcium Alginate, VIVAPHARM Sodium Alginate and VIVAPHARM Alginic Acid and these can be used for pH-controlled release and disintegration in tablets.
Moreover, key market players are focusing on acquisitions or the expansion of their product portfolio, this is estimated to boost the growth of the global sustained release coating market during the forecast period. For instance, Supernus Pharmaceuticals, Inc., acquired Adamas Pharmaceuticals, Inc., in October 2021. Under this acquisition, they were marketing Osmolex ER and GOCOVRI extended release tablets in the U.S.
Key Takeaways:
- Due to increasing number of approvals from regulatory bodies, the global sustained release coating market is anticipated to exhibit a CAGR ofย 6.6% during the forecast period. For instance, Glenmark Pharmaceuticals Limited., received their final approval for Tadalafil Tablets USP, and the generic version of Cialis Tablets from the U.S. FDA in December 2020.
- Furthermore, increase in the adoption of inorganic growth strategies by key players in the market is estimated to fuel the global sustained release coating market during the forecast period. For instance, in November 2019, Exactus, Inc., participated in a supply and distribution agreement with Canntab Therapeutics Limited., in November 2019, for the manufacture of extended and immediate release tablets. As per the agreement, Exactus, Inc will be distributing hard pills of hemp-derived cannabinoid tablets in the United States of America.
Key Players:
Key players active in the global sustained release coating market are Colorcon, Merck KGaA, Evonik, Panacea Biotec, Coating Place, Inc, Spraycel Coatings, Panchsheel Organics Ltd., Ashland, Eastman Chemical Company, BASF SE, G.M. Chemie Pvt. Ltd and JRS PHARMA.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Polymer Material Type
- Market Snippet, By Substrate
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Recent Product Launches/Approvals
- Acquisition and Collaboration Scenario
- Regulatory Scenario
- PEST Analysis
- Global Sustained Release Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Healthcare sector
- Government Initiative
- Global Sustained Release Coatings Market, By Polymer Material Type, 2017 โ 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Polyvinyl & Cellulose Acetate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Ethyl & Methyl Cellulose
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Methacrylic Acid
- ย Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Polyethylene Glycol
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028, (US$ Million)
- Others
- ย Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
- Global Sustained Release Coatings Market, By Substrate, 2017 โ 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Tablets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Ibuprofen
- Naproxen Sodium
- Capsules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Pills
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
- Global Sustained Release Coatings Market, By Application, 2017 โ 2028, (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- In Vitro
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- In Vivo
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
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