The sustained release excipients market is largely dominated by local manufactures who are competing on the basis of pricing in the market. The fragmented nature of the market decreases the profitability of the business. However, growing awareness about sustained release excipients and lack of test specificity and sensitivity for sustained release excipients manufactured by local companies have increased the revenue opportunities for the global manufacturers in pharmaceutical excipients.
Companies, such as BASF Corporation, Ashland Global Holdings Inc. and The Dow Chemical Company hold more than 42.8% revenue share in the global sustained release excipients market. The companies operating in the sustained release excipients market are collaborating with local distributors to increase the penetration of their products in the sustained release excipients market.
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The prevalence of chronic as well as acute diseases is increasing across the globe. For the treatment of these diseases, doctors prescribe medicines. Medicines usually contain excipients along with the active pharmaceutical ingredients.
A huge demand for medicines is witnessed because of increasing prevalence of chronic diseases. They are high in demand in Asia Pacific because of huge volume in this region.
Sustained release excipients release the drug slowly so that it reaches the target site. An excipient can be used in many ways. Due to this fact it is in great demand. Sustained release excipients reduce the indirect cost associated with conventional excipients.
Sustained release formulations are gaining popularity as they help in maintaining patient-safety through reduced number of medicine dosages, but having increased drug efficacy. From a market point of view, reduced doses improve treatment compliance, which could help higher unit sales and so their revenues. Furthermore, from the patient point of view, better therapeutic outcomes are expected due to improved drug tolerance and efficacy leading to lower switching costs and greater physician loyalty.
Sustained release excipients service providers are offering their services through retail channels. Increasing innovative collaborative research opportunities in pediatric formulations is being pushed through evolution of new regulations, additional funding opportunities, and increased public-private partnerships.
This has been focused to development of excipients used in all kinds of excipients such as oral solid dosage formulations and liquid pediatric formulation, which are flexible, dispersible and multi-functional. Furthermore, continued prioritization of unmet medical needs in pediatrics is expected to drive demand for these excipients and oral formulations in the forthcoming years.
Substance abuse has high impact on the health of individuals and their families. Prolonged drug and alcohol abuse may lead to mental illness and chronic diseases, such as diabetes and heart diseases, cancer, which in turn, can create high economic burden on the society. In order to curb this economic burden caused by drug abuse, governments are focusing on prevention and early intervention strategies are expected to drive demand for drugs of abuse.
For instance, according to the Centers for Disease Control and Prevention (CDC), nearly 10 million individuals aged 55 and above were reported to seek treatment for cancer across the globe. in 2014. Moreover, it is estimated that nearly USD 600 Billion is spent on addressing the impact caused by substance abuse each year in the USA .
Competition section of the sustained release excipients market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include FMC Corporation, Ashland Global Holdings, BASF Corporation, The Dow Chemical Company, Roquette Freres S.A. Colorcon Inc., Croda International Inc.
The key manufacturers of sustained release excipients are focusing on novel marketing strategies to increase product penetration. The companies offering point-of-care sustained release excipients are concentrating on price floor strategies.
These companies are offering their products with lucrative discounts. Conventional distribution channels, such as retail pharmacies, drug stores, supermarkets and hypermarkets are expected to be the key targets channel for local manufacturers.
The sustained release excipients are one of the type of excipients that are added to the drug along with active pharmaceutical ingredients of medication. Sustained release excipients are pharmacologically non-active ingredients of the drug formulation.
The report offers a comprehensive evaluation of the business opportunities prevailing in the sustained release excipients market along with insights on the sustained release excipients consumption trend, disease incidences, and awareness level for sustained release excipients and sustained release excipients market competition. The report elaborates on the macroeconomic factors influencing the dynamics of sustained release excipients market and its futuristic potential.
Some of the additional questions addressed in this report on sustained release excipients market-
The sustained release excipients market has been estimated based on supply-demand approach. The market was first calculated based on allergy test volume conducted in different region/countries. The test volume was estimated based on the incidence rate of various types of allergies in the top 20 countries globally.
Other qualitative factors analyzed during test volume estimation include awareness level for point care sustained release excipients, the recurrence rate of allergy reaction and others.
This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases).
The research study on sustained release excipients market also includes top trends and macro as well as microeconomic factors shaping the sustained release excipients market. With this approach, the report on sustained release excipients market anticipates the industry attractiveness of every major segment in sustained release excipients market over the forecast period.
Demand for sustained release excipients is likely to grow at a CAGR of 7.5% through 2032.
Increased benefits over conventional dosage forms and antibiotic resistance.
Adoption of sustained release excipients is likely to reach a valuation of USD 1198.69 Million in 2022
FMC Corporation, Ashland Global Holdings, BASF Corporation, The Dow Chemical Company, Roquette Freres S.A. Colorcon Inc., and Croda International Inc.
The report offers a comprehensive taxonomy of sustained release excipients market based on product type, end user, route of administration route, and region. The sustained release excipients are sold for various types of test samples, such as blood, skin, etc.
These sustained release excipients are used by pharmaceutical companies, biopharmaceutical companies, neutraceutical companies, and for various type of sustained release excipients, such as food allergies, drug allergies, latex allergies and other types of allergies.
End-use segments in the sustained release excipients market which are a part of this sustained release excipients market report include pharmaceutical companies, biopharmaceutical companies and other end users, such as nutraceutical manufacturers and contract manufacturing organisations.
The sustained release excipients market has been analyzed across regions of North America, Latin America, Europe, CIS & Russia, Asia Pacific and MEA.
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Sustained Release Excipients Market
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