Global Controlled Release Drug Delivery Market Opportunity, Drug Pricing & Clinical Trials Insight 2028 Report Overview:
- Controlled Release Drug Delivery Market Opportunity: > 90 Billion By 2028
- Global & Regional Market Forecast Till 2028
- Controlled Release Drug Clinical Pipeline Insight By Phase, Indication, Company, Country & Drug Class
- Comprehensive Clinical insight On More Than 200 Drug in Clinical Trials
- Comprehensive Clinical insight On More Than 150 Drug Available in market
- Drug Pricing, Patent & Dosage Insight By indication: Alzheimer’s, Parkinson’s, Schizophrenia , Chronic Pain, Multiple Sclerosis, Diabetes Mellitus, Hypertension & Angina Pectoris
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Controlled-release formulations of drugs is a newly emerging concept in the global pharmaceutical market and a number of key market players have invested heavily in developing these. The idea of controlled release of drugs has spurred the market with companies developing sustained-release and controlled-release versions of their blockbuster drugs to keep up with generic competition. Moreover, generic drug developers have also managed to chip away the shares of prominent drug developers by commercializing controlled release versions of successful drugs, which has helped them make a place for themselves in the market. Low development and manufacturing costs translate to lower selling prices and lesser treatment burden on patients, which has helped them in gaining access to effective treatments. Many market factors are currently supporting market growth and as patents of best-selling drugs expire, many controlled release version are expected to enter the market in the coming years.
Many pharmaceutical companies are currently working on developing controlled delivery formulations of drugs that can be administered orally, nasally, transdermally, ocularly or parenterally. These include Shanghai WD Pharmaceutical, Indivior, Bellus Health, Vivani Medical, Nang Kuang Pharmaceutical and Supernus Pharmaceuticals, and several universities and medical centers have been working with them to conduct clinical trials for their candidates. The US, EU, UK and China are currently dominating clinical trials and the US is dominating the market for controlled release drug formulations because of the presence of a large number of pharmaceutical companies in the region and the easy approval process under the FDA.
Many collaborations agreements have been signed in the past couple months. One of the most recent collaboration heard in the news was between Revive Therapeutics and PharmaTher Holdings for research on a microneedle patch for certain indications. Using PharmaTher’s novel microneedle patch delivery technology, the companies will work on a transdermal patch to deliver 3,4-Methylenedioxymethamphetamine (MDMA), a psychotic drug, in indications where the compound may find use such as depression, anxiety and abuse disorders.
Although controlled release drug delivery systems have demonstrated numerous benefits that have aided in market expansion, they also have significant drawbacks that must be resolved for optimal controlled drug delivery. Unpredictable adverse effects, dose dumping in the event that the design fails, limited room for dose control, and occasionally inadequate systematic availability are a few of these. For some patients, such as those with dementia or other memory-based illnesses or patients with pain where continuous medicinal release for therapeutic relief is ideal, controlled drug release devices, notably transdermal patches, are highly helpful.
The use of nanotechnology in controlled drug release devices has changed this field recently. Drugs’ solubility, absorption, bioavailability, and controlled-release have all been greatly improved, and the use of nanotechnologies to improve pharmacologically active substances has emerged as a viable method for achieving targeted and controlled drug delivery. Similar uses of novel biotechnological methods are anticipated in the future, which may assist to address the aforementioned drawbacks.
Although the pharmaceutical industry is not new to the idea of controlled drug delivery, the field has recently experienced a boom as a result of increased competition in the market, leading to the introduction of several current formulations as controlled release medications. But, there are still certain limitations that must be resolved. Nonetheless, controlled drug release systems are anticipated to gradually gain popularity as drug overdose and excessive drug concentrations have a number of severe side effects. The market is currently being fueled by a variety of factors, and this trend will persist in the years to come.