Extended Release Drugs Market Outlook (2022 to 2032)

Sales in the extended release drugs market are expected to rise at a CAGR of 11% over the forecast period 2022 to 2032. Extended-release drugs market is currently valued at USD 48 Billion.

Due to changes in prescription patterns and rising acceptance of diverse dosage forms, demand for extended-release drugs is anticipated to bolster in the forthcoming years.

Report Attribute Details
Extended Release Drugs Market Size (2022) USD 48 Billion
Extended Release Drugs Market Projected Growth Rate (2022 to 2032) 11% CAGR

Conventional drugs release the active ingredient as soon as they are administered. Drug delivery systems are planned technologies that deliver the active ingredient in a controlled environment, controlling the time, rate, and area of drug release in the body. These systems have been proven to be safe and efficient.

Extended-release drugs are a dosage formulation that reduces the dosage by half. There are specific regulations released by the FDA that extended release drugs need to comply with.

Growing adoption of various drug delivery systems by doctors and patients, safety and effectiveness of extended drug release, and a reduction in medical care expenditure due to extended-release drugs will create a conducive environment for growth in the market.

What are the Trends Influencing Sales of Extended Release Drugs?

Compared to conventional oral drugs, extended-release drugs are well-planned administration of medication. Extended-release drugs control the time, area, and rate of the dosage, thereby increasing safety and efficacy. With the controlled release of the active ingredient, extended-release drugs also help to reduce the frequency of dosage, resulting in easier and better acceptance by patients as well as increased bioavailability.

Growing demand for pediatric and geriatric extended drug release formulations, widespread acceptance of extended drug release systems, and notable changes in the prescription pattern of doctors will drive the market.

Advancing research & development, ongoing clinical trials in the pharmaceutical sector, and a greater focus on the development of new and innovative therapeutics will further bolster the market for extended drug release.

What are the Limitations for Extended Release Drug Manufacturers?

The cost of extended drug release is a major roadblock for manufacturers. A single unit of extended-release drugs costs double or triple the conventional oral dosage. The price of Namenda's extended-release drug is around USD 494 for 7mg. This is expected to limit sales in the market.

Conventional drugs have an almost immediate impact whereas extended-release drugs take a comparatively long time to make an impact as they have a slower course of action.

Side effects such as dose dumping could seriously affect health, which might hamper the growth of the market.

Dose dumping is the quick release of extended-release drugs in the circulatory system and can lead to toxicity. Refusal of extended-release drugs due to bad taste or swallowing difficulties is another factor that may impede demand in the forthcoming years.

What is the North America Extended Release Drug Market Outlook?

Owing to the introduction of new and innovative therapeutics and their widespread acceptance, North America holds a significant share of the global extended-release drugs market.

The presence of leading pharmaceutical and biopharmaceutical companies, along with increasing investments in research and development in the pharmaceutical sector will propel the growth in the North American extended-release drug market.

The growing burden of chronic diseases and the adoption of extended-release drugs in the treatment of hypertension will further underpin the demand for extended-release drugs.

What are the Sales Prospects for Extended Release Drugs in Europe?

Increasing adoption of extended-release drugs across countries such as Germany, the United Kingdom, Italy, and France is expected to boost the Europe extended-release market over the assessment period.

The rising incidence of chronic diseases such as COPD, diabetes, and cancer has led to quicker adoption of extended-release drugs. This is expected to create opportunities for extended-release drug manufacturers operating in Europe.

What is the Scope for Extended Release Drugs Market in Asia Pacific?

As per FMI, Asia Pacific is predicted to display the highest CAGR during the forecast period. The region has shown great potential in the extended-release drugs market due to the rapid growth of the pharmaceutical industry.

The ongoing expansion of the pharmaceutical and biopharmaceutical sectors across countries including China and India is anticipated to steer sales in the Asia Pacific extended-release drugs market.

Market Competition

Some of the key players in the global extended-release drugs market are Pfizer, Mallinckrodt, Actavis, Janssen Pharmaceuticals, Endo Pharmaceuticals, Purdue Pharma, Lavipharm Labs, Mylan Technologies, Noven, Aveva, Watson, Impax, Ranbaxy.

The global extended-release drug market is highly competitive with leading companies focusing on developing novel therapeutics. Mergers and acquisitions are the go-to strategies adopted by key players to expand their product portfolios.

Report Scope

Report Attribute Details
Growth Rate CAGR 11% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Drug Release, Distribution Channel, Region
Countries Covered North America (USA, Canada); Latin America (Mexico, Brazil); Western Europe (Germany, Italy, France, United Kingdom, Spain, Nordic countries, Belgium, Netherlands, Luxembourg); Eastern Europe (Poland, Russia); Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand); Japan; The Middle East and Africa (GCC, S. Africa, N. Africa)
Key Companies Profiled Pfizer; Mallinckrodt; Actavis; Janssen Pharmaceuticals; Endo Pharmaceuticals; Purdue Pharma; Lavipharm Labs; Mylan Technologies; Noven; Aveva; Watson; Impax; Ranbaxy
Customization Available Upon Request

Key Segments Profiled in the Extended Release Drug Market Survey

By Drug Release:

  • Sustained release
  • Controlled Release

By Distribution Channel:

  • Hospital pharmacies
  • Retail pharmacies
  • Mail order pharmacies
  • Drug Stores

By Region:

  • North America (USA, Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, United Kingdom, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
  • 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Drug Release
    • 5.1. Sustained Release
    • 5.2. Controlled Release
  • 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distributional Channel
    • 6.1. Hospital Pharmacies
    • 6.2. Retail Pharmacies
    • 6.3. Mail Order Pharmacies
    • 6.4. Drug Stores
  • 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Europe
    • 7.4. East Asia
    • 7.5. South Asia & Pacific
    • 7.6. Middle East and Africa
  • 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 14. Key Countries Market Analysis
  • 15. Market Structure Analysis
  • 16. Competition Analysis
    • 16.1. Pfizer
    • 16.2. Mallinckrodt
    • 16.3. Actavis
    • 16.4. Janssen Pharmaceuticals
    • 16.5. Endo Pharmaceuticals
    • 16.6. Purdue Pharma
    • 16.7. Lavipharm Labs
    • 16.8. Viatris
    • 16.9. Noven
    • 16.10. Aveva
    • 16.11. Watson
    • 16.12. Impax
    • 16.13. Ranbaxy
  • 17. Assumptions & Acronyms Used
  • 18. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Market Volume (Tons) Forecast by Region, 2017 to 2032

Table 3: Global Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 4: Global Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 5: Global Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 6: Global Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 8: North America Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 9: North America Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 10: North America Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 11: North America Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 12: North America Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Latin America Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 15: Latin America Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 16: Latin America Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 17: Latin America Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 18: Latin America Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 20: Europe Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 21: Europe Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 22: Europe Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 23: Europe Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 24: Europe Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: East Asia Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 27: East Asia Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 28: East Asia Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 29: East Asia Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 30: East Asia Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 31: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 32: South Asia & Pacific Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 33: South Asia & Pacific Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 34: South Asia & Pacific Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 35: South Asia & Pacific Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 36: South Asia & Pacific Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

Table 37: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 38: MEA Market Volume (Tons) Forecast by Country, 2017 to 2032

Table 39: MEA Market Value (US$ Million) Forecast by Drug Release, 2017 to 2032

Table 40: MEA Market Volume (Tons) Forecast by Drug Release, 2017 to 2032

Table 41: MEA Market Value (US$ Million) Forecast by Distributional Channel, 2017 to 2032

Table 42: MEA Market Volume (Tons) Forecast by Distributional Channel, 2017 to 2032

List of Figures

Figure 1: Global Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 2: Global Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 5: Global Market Volume (Tons) Analysis by Region, 2017 to 2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 9: Global Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 10: Global Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 11: Global Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 12: Global Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 13: Global Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 14: Global Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 15: Global Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 16: Global Market Attractiveness by Drug Release, 2022 to 2032

Figure 17: Global Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 18: Global Market Attractiveness by Region, 2022 to 2032

Figure 19: North America Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 20: North America Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 23: North America Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 26: North America Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 27: North America Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 28: North America Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 29: North America Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 30: North America Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 31: North America Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 34: North America Market Attractiveness by Drug Release, 2022 to 2032

Figure 35: North America Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 36: North America Market Attractiveness by Country, 2022 to 2032

Figure 37: Latin America Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 38: Latin America Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 44: Latin America Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 45: Latin America Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 48: Latin America Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 49: Latin America Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 52: Latin America Market Attractiveness by Drug Release, 2022 to 2032

Figure 53: Latin America Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 55: Europe Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 56: Europe Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 59: Europe Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 62: Europe Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 63: Europe Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 64: Europe Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 66: Europe Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 67: Europe Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 68: Europe Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 70: Europe Market Attractiveness by Drug Release, 2022 to 2032

Figure 71: Europe Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 72: Europe Market Attractiveness by Country, 2022 to 2032

Figure 73: East Asia Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 74: East Asia Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 75: East Asia Market Value (US$ Million) by Country, 2022 to 2032

Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 77: East Asia Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 80: East Asia Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 81: East Asia Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 82: East Asia Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 84: East Asia Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 85: East Asia Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 86: East Asia Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 88: East Asia Market Attractiveness by Drug Release, 2022 to 2032

Figure 89: East Asia Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032

Figure 91: South Asia & Pacific Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 92: South Asia & Pacific Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 93: South Asia & Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 94: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 95: South Asia & Pacific Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 96: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 97: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 98: South Asia & Pacific Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 99: South Asia & Pacific Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 100: South Asia & Pacific Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 101: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 102: South Asia & Pacific Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 103: South Asia & Pacific Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 104: South Asia & Pacific Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 105: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 106: South Asia & Pacific Market Attractiveness by Drug Release, 2022 to 2032

Figure 107: South Asia & Pacific Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 108: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032

Figure 109: MEA Market Value (US$ Million) by Drug Release, 2022 to 2032

Figure 110: MEA Market Value (US$ Million) by Distributional Channel, 2022 to 2032

Figure 111: MEA Market Value (US$ Million) by Country, 2022 to 2032

Figure 112: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 113: MEA Market Volume (Tons) Analysis by Country, 2017 to 2032

Figure 114: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 115: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 116: MEA Market Value (US$ Million) Analysis by Drug Release, 2017 to 2032

Figure 117: MEA Market Volume (Tons) Analysis by Drug Release, 2017 to 2032

Figure 118: MEA Market Value Share (%) and BPS Analysis by Drug Release, 2022 to 2032

Figure 119: MEA Market Y-o-Y Growth (%) Projections by Drug Release, 2022 to 2032

Figure 120: MEA Market Value (US$ Million) Analysis by Distributional Channel, 2017 to 2032

Figure 121: MEA Market Volume (Tons) Analysis by Distributional Channel, 2017 to 2032

Figure 122: MEA Market Value Share (%) and BPS Analysis by Distributional Channel, 2022 to 2032

Figure 123: MEA Market Y-o-Y Growth (%) Projections by Distributional Channel, 2022 to 2032

Figure 124: MEA Market Attractiveness by Drug Release, 2022 to 2032

Figure 125: MEA Market Attractiveness by Distributional Channel, 2022 to 2032

Figure 126: MEA Market Attractiveness by Country, 2022 to 2032

Frequently Asked Questions

Which region has high potential for growth in the global extended release drug market?

Due to the rapid growth of the pharmaceutical industry, especially in India and China, Asia Pacific is expected to emerge as an attractive market for extended-release drugs.

Who are the key players in the extended release drug market?

Leading players present in the global extended-release drug market include Pfizer, Mallinckrodt, Actavis, Janssen Pharmaceuticals, Endo Pharmaceuticals, Purdue Pharma, Lavipharm Labs, Mylan Technologies, Noven, Aveva, Watson, Impax, and Ranbaxy.

What are the positive factors influencing extended release drug market?

Rising demand for pediatric and geriatric extended-drug-release formulations and ongoing clinical trials in the pharmaceutical sector are some trends that are expected to drive sales of extended-release drugs.

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