How Significant is the Growth Forecast for the Sustained Release Excipients Market?
The sustained release excipients market size has seen substantial growth in recent years. The market value, which was $1.4 billion in 2024, is projected to reach $1.53 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. This notable growth in the historic period can be attributed to an increased demand for controlled drug release, rising prevalence of chronic diseases, patient compliance and convenience, innovations in the pharmaceutical industry, and regulatory support for extended-release formulations.
The sustained release excipients market size is expected to maintain strong growth, reaching a value of $2.13 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this steady growth include an increasing geriatric population, a growing focus on personalized medicine, challenges in patient adherence, complex drug formulations, advancements in disease management, and global healthcare expansion.
Major trends in the forecast period include patient-centric drug delivery, collaborations for formulation development, regulatory compliance, safety improvements, global expansion of drug formulation technologies, and influence of biopharmaceuticals.
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What are the Key Drivers for the Sustained Release Excipients Market?
The growing prevalence of chronic and acute diseases is propelling the growth of the sustained-release excipients market. Chronic diseases are long-lasting medical conditions that persist over an extended period, typically three months or more. On the contrary, acute diseases have a sudden onset and generally don’t last long, typically ranging from hours to days or weeks. Sustained-release excipients are widely used to formulate pharmaceutical products for treating both chronic and acute diseases. These excipients improve patient adherence, maintain consistent drug levels, reduce side effects, and optimize disease management, essentially boosting sales in this market. The World Health Organization reported in September 2022 that annually, cardiovascular diseases are responsible for most NCD deaths, affecting 17.9 million people worldwide.
What are the Key Segments in The Sustained Release Excipients Market?
The sustained release excipients market is segmented as follows:
1) By Product: Gelatin, Polymers, Minerals, Sugars, Alcohol, Chitosan
2) By Route of Administration: Oral, Intramuscular, Subcutaneous, Transdermal, Vaginal, Ophthalmic, Intravenous, Other Routes of Administration
3) By Technology: Targeted Delivery, Micro Encapsulation, Wurster Technique, Transdermal, Implants, Coacervation
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Who are the Major Players in the Sustained Release Excipients Market?
Major companies operating in the sustained release excipients market include BASF SE, Ashland Global Holdings Inc., Colorcon Inc., Croda International Plc, Dow Chemical Company, DuPont de Nemours Inc., Roquette Frères, Evonik Industries AG, Lubrizol Corporation, Merck KGaA, JRS Pharma GmbH & Co. KG, Shin-Etsu Chemical Co.Ltd., Gattefossé SAS, Eastman Chemical Company, Cellulose Solutions Private Limited, Avantor Inc., SPI Pharma Inc., Asahi Kasei Corporation, Chemische Fabrik Budenheim KG, Associated British Foods plc, Ransom Naturals Ltd, Balchem Corporation, IMCD Group, Lonza Group AG.
What are the Emerging Trends in the Sustained Release Excipients Market?
Product innovation is a prominent trend in the sustained release excipients market. Companies in this industry are developing innovative products to maintain their competitive edge. For instance, in September 2022, Nutriventia Limited, an India-based pharmaceutical company, launched Prolanza, a sustained-release ashwagandha ingredient. Prolanza has a unique release mechanism that exhibits its therapeutic effects over an extended period, thereby improving health and well-being.
Which Region Offers the Most Rewards in The Sustained Release Excipients Market?
North America was the largest region in the global sustained release excipients market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. Other regions covered in the sustained release excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Sustained Release Excipients Market Report 2025 Offer?
Sustained-release excipients play a crucial role in controlling the release rate and duration of drug action in pharmaceutical formulations designed for sustained release of active pharmaceutical ingredients (APIs), optimizing therapeutic efficacy and patient compliance.
The Sustained Release Excipients Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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