Sustained Release Coatings Market - Forecast(2024 - 2030)

Report Code: CMR 28409 Report Format: PDF + Excel

Market Overview

The sustained release coatings market size is expected to reach US$993.5 million by 2030, growing at a CAGR of around 6.1% from 2024-2030. The sustained release coating is a method that allows tailored dosing and is designed to liberate the constant drug concentration at a predetermined rate for a specific period. It uses polymer materials such as methacrylic acid, polyvinyl acetate, methylcellulose, and others for the development or production of tablets, pills, capsules, and others. The sustained release coatings industry is experiencing a major drive due to the rising demand for controlled delivery of drugs as it allows patient compliance, uniformity in drug delivery, and prevents overdose. The sustained release coatings are majorly used in the pharmaceuticals industry owing to their excellent properties such as therapeutic efficiency, tailored dosage, chemical resistance, and manufacturing convenience. The high growth in tablets for pharmaceutical drug delivery is creating growth opportunities for the sustained release coatings market in the forecast period.

Market Snapshot:

Sustained Release Coatings Market

Sustained Release Coatings Market Report Coverage

The sustained release coatings market report: “Sustained Release Coatings Market– Forecast (2024-2030)” by IndustryARC covers an in-depth analysis of the following segments of the sustained release coatings market and offers a sustained release coatings industry outlook.

By Substrate: Tablets, Capsules, Pills, and Multiparticulate Powder.
By Application: In Vitro and In Vivo.
By End-Use Industry: Pharmaceuticals Industry, Laboratories, and Nutraceuticals.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

• The rise in demand for tablets in the sustained release coatings market is influenced by the growth from pediatric and geriatric dosage.
• The North American region occupies the largest sgare in the sustained release coatings industry owing to the surge in pharmaceutical manufacturing and increase in advanced drug delivery processes.
• The development in the sustained release coatings for offering reliable drugs delivery for a brain tumor or cancer-specific use is influencing growth in the global sustained release coatings market.

Sustained Release Coatings Market Segment Analysis – By Substrate

By substrate, the tablets segment held the largest sustained release coatings market share in 2023 and will grow at a CAGR of 5.9% during the forecast period. The growth for tablets in sustained release coatings is influenced by the development of mini-tablets in the market. The demand for tablets is rising due to their faster production, cost-efficiency, and dominant consumption in pharmaceuticals. According to the World Drug Report 2022 by the United Nations Office on Drugs and Crime (UNODC), tablets were the most common pharmaceutical dosage form in the world in 2022, accounting for 46.7% of the total production value. Furthermore, the tablet segment is growing in the sustained release coatings industry due to advancements in modified-release formation, tablet systems, and others, thereby dominating the market in the coming years.

Sustained Release Coatings Market Segment Analysis – By Application

By application, the in vitro segment held the largest share in 2023 and is expected to grow at a CAGR of 4.6% in the sustained release coatings market during the forecast period. The growth of in vitro application is majorly influenced by the rising drugs production and advanced pharmaceuticals production across the world. In vitro, the blends of hydrophilic and hydrophobic polymers are employed as a coating material to control and manage the drug release. The growth in pharmaceutical drugs consumption, majorly in the pediatric and geriatric population is influencing the demand in the market. According to an article in PharmExec, sales of children's medicines are growing faster than prescription sales for the elderly. On an average, pediatric patients spend $2.12 a day compared with seniors' average of $1.29. The promising delivery system for drugs with high sustained released action and drug bioavailability is influencing the growth of in vitro applications. Thus, with major development and drugs production, tailored drug dosing mechanism, and enhanced efficiency in the in vitro applications, the demand for sustained release coatings industry will rise in the forecast period.

Sustained Release Coatings Market Segment Analysis- By End-Use Industry

By end-use industry, the pharmaceutical segment has the largest share in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period. The growing demand for sustained release coatings in drug delivery for cancer or brain tumor patients is majorly driving the market. The tailored dosing of active ingredients for an extended period is influencing the growth in the pharmaceutical sector. Additionally, major investments in the medical and pharmaceutical sector are boosting the application of sustained-release coatings for tailored drug absorption and managed dosage. In September 2023, Astellas, a global Japanese pharmaceutical company specialising in transplant, kidney, bladder and cancer drugs, announced that it was investing more than $350 million in a new facility on a 45-acre site in Tralee, Ireland. The pharmaceuticals industry is experiencing a high demand post-pandemic, owing to increased productions advanced drug delivery systems. Thus, with rising drugs reduction and growing demand for drug stabilization, ease of consumption, and bioavailability, the demand for the sustained release coatings industry will grow in the forecast period.

Sustained Release Coatings Market Segment Analysis – By Geography

By geographical analysis, North America holds the largest share in the sustained release coatings market for the year 2023 and will grow at a CAGR of 3.8% during the forecast period. The growing pharmaceuticals sector in the United States, Canada, and others are influencing the growth in the market. The US pharmaceutical industry dominates the global pharmaceutical market, accounting for roughly 50% of the global pharmaceutical sales revenue. Johnson & Johnson, Eli Lilly and Co, AbbVie Inc, Merck & Co Inc, and Pfizer Inc are the top 5 pharma companies in the US in 2023 by market capitalization (as of Sep 30, 2023). The growth in pharmaceutical drug manufacturers in this region has led to high demand for sustained release coatings. The advancement in drugs delivery systems and generic medications is increasing the demand for sustained release coatings. The growing demand from paediatric and geriatric structures is also boosting the market. Thus, with the increasing pharmaceuticals and advanced drug delivery applications in the North American region, the sustained release coatings market will continue to grow the fastest in the forecast period.

Sustained Release Coatings Market Drivers

Growing pharmaceutical and medical sector

The growth in the medical or pharmaceutical sector is high owing to increasing development and production. Various producers have increased the production of generic, specialty, or other medications type. The growth in pharmaceuticals is driving the market for sustained release coatings industry due to high applications and consumption in the medical sector. The high demand for treatment drugs and vaccines is boosting the pharmaceutical sector. The investment and R&D projects in the medical field are offering advancement in the modification and production of the drug. Furthermore, as per data from ICRA, the revenue growth for the financial year 2022 is estimated at around 9-11%, supported by a strong recovery post-pandemic. Thus, with the growing medical and pharmacy segment, the demand for sustained release coatings in tablets, capsules, pills, and others is growing in the forecast period and offering major dominance in the drug delivery mechanisms.

The rise in pediatric and geriatric dosage demand

The demand for sustained release coatings in various drugs and medications is majorly influenced by rising demand from pediatric and geriatric dose segments. The sustained release coatings are designed to release the drug at a specific period. It is an advanced technology, compared to the dosage of the conventional drug. Moreover, the demand for sustained release drugs is majorly driven by the pediatric and geriatric population, as it is a suitable option, owing to better patient compliance, low dosing frequency, and others. The Pediatric Research Equity Act (PERA) offers the carrot-and-stick- technique to focus on the development of medicines for pediatrics. The pediatric and geriatric population is adopting sustained release coatings drug delivery system due to extended-release and low dosage, thereby leading to better compliance and relief from issues such as difficulty swallowing or poor taste. Thus, the sustained release coatings market is growing with the growing demand from the geriatric and pediatric dosage segment.

Sustained Release Coatings Market Challenges

Dose dumping and high microencapsulation costs

The sustained release coatings are in demand due to their tailored drug dosage features and low drugs dose consumption regimen. The challenge of alcohol-based dose dumping is faced, when the active pharmaceutical ingredient (API) is released, with rupture of the coatings. For instance, the FDA has specified the withdrawal of hydromorphone, as an alcohol-induced dose dumping. The alcohol presence usually retards the drug release and causes tablet swelling. Furthermore, the high cost of the microencapsulation technology has created a major challenge in the applications in pharmaceuticals, agrochemicals, and others, thereby increasing the overall costs and making the final product expensive.

 

Sustained Release Coatings Industry Outlook

Sustained Release Coatings top 10 companies include:
  1. BASF Corporation
  2. Evonik Industries AG
  3. Colorcon, Inc.
  4. Coating Place, Inc.
  5. Mylan N.V.
  6. Sun Pharmaceutical Industries Ltd.
  7. Pfizer Inc.
  8. Allergan plc.
  9. Teva Pharmaceutical Industries Ltd.
  10. Bausch Health Companies Inc.

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1. Sustained Release Coatings Market- Market Overview
    1.1 Definitions and Scope
2. Sustained Release Coatings Market - Executive Summary
    2.1 Key Trends by Substrate
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Sustained Release Coatings Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Sustained Release Coatings Market - Startup companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Sustained Release Coatings Market – Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Sustained Release Coatings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Sustained Release Coatings Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Sustained Release Coatings Market – By Substrate (Market Size -$Million/Billion)
    8.1 Tablets
    8.2 Capsules
    8.3 Pills
    8.4 Multiparticulate Powder
9. Sustained Release Coatings Market – By Application (Market Size -$Million/Billion)
    9.1 In Vitro
    9.2 In Vivo
10. Sustained Release Coatings Market – By End Use Industry (Market Size -$Million/Billion)
    10.1 Pharmaceutical Industry
    10.2 Laboratories
    10.3 Nutraceuticals
11. Sustained Release Coatings Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Sustained Release Coatings Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Sustained Release Coatings Market – Industry/Competition Segment Analysis Premium
    13.1Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Type/Product category - Major companies
14. Sustained Release Coatings Market – Key Company List by Country Premium
15. Sustained Release Coatings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
  1. BASF Corporation
  2. Evonik Industries AG
  3. Colorcon, Inc.
  4. Coating Place, Inc.
  5. Mylan N.V.
  6. Sun Pharmaceutical Industries Ltd.
  7. Pfizer Inc.
  8. Allergan plc.
  9. Teva Pharmaceutical Industries Ltd.
  10. Bausch Health Companies Inc. and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
1.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Global Industry Research
1.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Global Industry Research
1.3 Methacrylic Acid Market 2019-2024 ($M) - Global Industry Research
1.4 Polyethylene Glycol Market 2019-2024 ($M) - Global Industry Research
2.Global Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
2.1 Tablets Market 2019-2024 ($M) - Global Industry Research
2.2 Capsules Market 2019-2024 ($M) - Global Industry Research
2.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
2.3 Pills Market 2019-2024 ($M) - Global Industry Research
2.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)
3.Global Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 (Volume/Units)
3.1 Ethyl & Methyl Cellulose Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Polyvinyl & Cellulose Acetate Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Methacrylic Acid Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Polyethylene Glycol Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Sustained Release Coating Market, By Substrate Market 2019-2024 (Volume/Units)
4.1 Tablets Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Capsules Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 (Volume/Units)
4.3 Pills Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 (Volume/Units)
5.North America Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
5.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Regional Industry Research
5.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Regional Industry Research
5.3 Methacrylic Acid Market 2019-2024 ($M) - Regional Industry Research
5.4 Polyethylene Glycol Market 2019-2024 ($M) - Regional Industry Research
6.North America Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
6.1 Tablets Market 2019-2024 ($M) - Regional Industry Research
6.2 Capsules Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
6.3 Pills Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)
7.South America Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
7.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Regional Industry Research
7.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Regional Industry Research
7.3 Methacrylic Acid Market 2019-2024 ($M) - Regional Industry Research
7.4 Polyethylene Glycol Market 2019-2024 ($M) - Regional Industry Research
8.South America Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
8.1 Tablets Market 2019-2024 ($M) - Regional Industry Research
8.2 Capsules Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
8.3 Pills Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)
9.Europe Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
9.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Regional Industry Research
9.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Regional Industry Research
9.3 Methacrylic Acid Market 2019-2024 ($M) - Regional Industry Research
9.4 Polyethylene Glycol Market 2019-2024 ($M) - Regional Industry Research
10.Europe Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
10.1 Tablets Market 2019-2024 ($M) - Regional Industry Research
10.2 Capsules Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
10.3 Pills Market 2019-2024 ($M) - Regional Industry Research
10.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)
11.APAC Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
11.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Regional Industry Research
11.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Regional Industry Research
11.3 Methacrylic Acid Market 2019-2024 ($M) - Regional Industry Research
11.4 Polyethylene Glycol Market 2019-2024 ($M) - Regional Industry Research
12.APAC Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
12.1 Tablets Market 2019-2024 ($M) - Regional Industry Research
12.2 Capsules Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
12.3 Pills Market 2019-2024 ($M) - Regional Industry Research
12.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)
13.MENA Sustained Release Coating Market, By Polymer Material Type Market 2019-2024 ($M)
13.1 Ethyl & Methyl Cellulose Market 2019-2024 ($M) - Regional Industry Research
13.2 Polyvinyl & Cellulose Acetate Market 2019-2024 ($M) - Regional Industry Research
13.3 Methacrylic Acid Market 2019-2024 ($M) - Regional Industry Research
13.4 Polyethylene Glycol Market 2019-2024 ($M) - Regional Industry Research
14.MENA Sustained Release Coating Market, By Substrate Market 2019-2024 ($M)
14.1 Tablets Market 2019-2024 ($M) - Regional Industry Research
14.2 Capsules Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules Market 2019-2024 ($M)
14.3 Pills Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market Market 2019-2024 ($M)

LIST OF FIGURES

1.US Sustained Release Coatings Market Revenue, 2019-2024 ($M)
2.Canada Sustained Release Coatings Market Revenue, 2019-2024 ($M)
3.Mexico Sustained Release Coatings Market Revenue, 2019-2024 ($M)
4.Brazil Sustained Release Coatings Market Revenue, 2019-2024 ($M)
5.Argentina Sustained Release Coatings Market Revenue, 2019-2024 ($M)
6.Peru Sustained Release Coatings Market Revenue, 2019-2024 ($M)
7.Colombia Sustained Release Coatings Market Revenue, 2019-2024 ($M)
8.Chile Sustained Release Coatings Market Revenue, 2019-2024 ($M)
9.Rest of South America Sustained Release Coatings Market Revenue, 2019-2024 ($M)
10.UK Sustained Release Coatings Market Revenue, 2019-2024 ($M)
11.Germany Sustained Release Coatings Market Revenue, 2019-2024 ($M)
12.France Sustained Release Coatings Market Revenue, 2019-2024 ($M)
13.Italy Sustained Release Coatings Market Revenue, 2019-2024 ($M)
14.Spain Sustained Release Coatings Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sustained Release Coatings Market Revenue, 2019-2024 ($M)
16.China Sustained Release Coatings Market Revenue, 2019-2024 ($M)
17.India Sustained Release Coatings Market Revenue, 2019-2024 ($M)
18.Japan Sustained Release Coatings Market Revenue, 2019-2024 ($M)
19.South Korea Sustained Release Coatings Market Revenue, 2019-2024 ($M)
20.South Africa Sustained Release Coatings Market Revenue, 2019-2024 ($M)
21.North America Sustained Release Coatings By Application
22.South America Sustained Release Coatings By Application
23.Europe Sustained Release Coatings By Application
24.APAC Sustained Release Coatings By Application
25.MENA Sustained Release Coatings By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Colorcon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Coating Place, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)