all report title image
  • Published On : Mar 2022
  • Code : CMI4986
  • Industry : Pharmaceutical
  • Pages : 175
  • Formats :

Sustained-release coating tablets are formulated in such a way that the release of the drug and its absorption will be slow. This will result in a lower peak blood level and hence, a lower risk of associated adverse effects such as gastrointestinal obstruction, nausea, vomiting and others. In sustained-release form, tablets can be administered in a single large dose just once a day. SR indicates sustained-release; a generic term that is used to describe the controlled release in the formulations of drugs that include alprazolam, bupropion, clomipramine, quetiapine, and others. Sustained-release coating tablets maintain uniform blood levels of the drug in the body and decrease the high blood levels, compared to immediate-release coating tablets.

Global Sustained Release Coating Market - Impact of the Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is expected to drive the growth of the global sustained release coating market over the forecast period. The demand for coating tablets significantly rose during the pandemic. Pharmaceutical and biotech businesses and governments across the world have worked endlessly to combat the COVID-19 outbreak. As a result, it increased the production and demand for tablet coating. Because many affluent countries are witnessing a shortage of this medications, the booming demand has contributed to enormous prospects for developers of developers of drugs that are widely used to treat COVID-19 infection.

Increasing number of product approvals from regulatory bodies is expected to drive the growth of the global sustained release coating market over the forecast period. For instance, on August 13, 2021, Zydus Cadila, a pharmaceutical company, announced that it received final approval from the U.S. FDA to market Mesalamine Extended-Release Capsules in the strength of 0.375 g. Mesalamine Extended-Release capsules are indicated for the maintenance of remission of ulcerative colitis in adults.

The global sustained release coating market is estimated to be valued at US$ 508.2 Mn in 2021 and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).  

Figure 1: Global Sustained Release Coating Market Share (%) Analysis, By Polymer Material Type, 2021

 Sustained Release Coating  | Coherent Market Insights

Increasing number of product launches by the market players is expected to drive the growth of the global sustained release coating market over the forecast period.

Market players are focused on organic growth strategies such as product launches, which is expected to drive the growth of the market over the forecast period. For instance, in August 2020, Lupin Limited., a pharmaceutical company, announced the launch of Zileuton Extended-Release Tablets, 600 mg, for the treatment of chronic asthma in adults.

Increasing number of product approvals from regulatory bodies is expected to drive the growth of the global sustained release coating market over the forecast period.

Increasing approvals from the regulatory authorities is expected to drive the growth of the global sustained release coating market over the forecast period. For instance, on March 26, 2021, Astellas Pharma Inc. announced that the U.S. Food and Drug Administration (FDA) approved Myrbetriq (mirabegron extended-release tablets) for the treatment of NDO in pediatric patients aged three years and older who weigh 35 kg or more, and Myrbetriq Granules (mirabegron for extended-release oral suspension), indicated for the treatment of NDO in pediatric patients aged 3 years and older.

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Sustained Release Coating Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021:

US$ 508.2 Mn

Historical Data for: 2018 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.6% 2028 Value Projection:

US$ 794.9 Mn

Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Polymer Material Type: Polyvinyl & Cellulose Acetate, Ethyl & Methyl Cellulose, Methacrylic Acid, Polyethylene Glycol, Others
  • By Substrate: Tablets, Capsules, Pills
  • By Application: In Vitro, In Vivo
Companies covered:

Evonik, BASF SE, Colorcon, Coating Place, Inc., Panchsheel Organics Ltd., Eastman Chemical Company, G.M. Chemie Pvt. Ltd., Ashland, Spraycel Coatings, JRS PHARMA, Merck KGaA, and Panacea Biotec

Growth Drivers:
  • Increasing number of product launches
  • Increasing number of product approvals from regulatory bodies
Restraints & Challenges:
  • Increasing number of product recalls

Global Sustained Release Coating Market – Restraints

Increasing number of product recalls is expected to hinder the growth of the global sustained release coating market over the forecast period. For instance, on December 28, 2021, Viona Pharmaceuticals Inc., a pharmaceutical company, announced the recall of twenty three (23) lots of Metformin Hydrochloride Extended-Release Tablets, USP 750 mg. This product was manufactured by Cadila Healthcare Limited, a pharmaceutical company, Ahmedabad, India for the U.S. distribution by Viona Pharmaceuticals Inc.

Global Sustained Release Coating Market – Regional Analysis

On the basis of region, the global sustained release coating market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to hold a dominant position during forecast period, owing to increasing number of inorganic growth strategies such as distribution agreement by market key players. For instance, in October 2018, Lannett Company, Inc., a manufacturer and distributor of generic products, announced that it entered into an agreement with Adare Pharmaceuticals, Inc., a pharmaceutical company, to be the exclusive U.S. distributor of Dexmethylphenidate Hydrochloride Extended Release (ER) Capsules USP (CII), 5 mg, 10 mg, 15 mg, 20 mg, 25 mg, 30 mg, 35 mg, and 40 mg.

Figure 2: Global Sustained Release Coating Market (US$ Mn), by Region, 2021

Sustained Release Coating  | Coherent Market Insights

Global Sustained Release Coating Market – Competitive Landscape

Major players operating in the global sustained release coating market include Evonik, BASF SE, Colorcon, Coating Place, Inc., Panchsheel Organics Ltd., Eastman Chemical Company, G.M. Chemie Pvt. Ltd., Ashland, Spraycel Coatings, JRS PHARMA, Merck KGaA, and Panacea Biotec.

Sustained release coatings are designed to eliminate the need for multiple dosage regimens, particularly for those drugs whose action benefits from achieving reasonably constant blood levels over longer periods. Sustained release coatings are used for the drugs that need to be administered in high doses in the body. Sustained release coating products typically contain higher drug loadings than instant release (IR) products. Benefits of sustained release coating tablets include:

  • It releases more slowly into the bloodstream
  • It provides the ability to maintain a constant level of medication within the body
  • It decreases side effects
  • It reduces sleep disruption due to breakthrough pain
  • It reduces the number of doses which lowers expenses and improves patient compliance, especially for chronic diseases

Market Dynamics

Increasing number of inorganic growth strategies by market key players is expected to drive the growth of global sustained release coating market during the forecast period. For instance, in May 2016, Colorcon, Inc., a provider of formulated film coating systems, and BASF, a chemical company, signed an agreement to strengthen their co-operation in the area of pharmaceutical film coatings. As a part of this agreement, BASF sold its Kollicoat IR Coating Systems product line, it is a powder, consists of 75% polyvinyl alcohol units and 25% polyethylene glycol units, to Colorcon, Inc.

Increasing number of product launches is expected to drive the growth of the global sustained release coating market. For instance, in October 2020, Evonik, a global leader for advanced drug delivery, announced the launch of a new ready-to-use powder premix blend of its EUDRAGIT functional polymers used for oral products with an immediate release profile.

Key features of the study:

  • This report provides an in-depth analysis of the global sustained release coating market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new drug launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global sustained release coating market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes, Evonik, BASF SE, Colorcon, Coating Place, Inc., Panchsheel Organics Ltd., Eastman Chemical Company, G.M. Chemie Pvt. Ltd., Ashland, Spraycel Coatings, JRS PHARMA, Merck KGaA, and Panacea Biotec
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global sustained release coating market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global sustained release coating market

Detailed Segmentation:

  • Global Sustained Release Coating Market, By Polymer Material Type:
    • Polyvinyl & Cellulose Acetate
    • Ethyl & Methyl Cellulose
    • Methacrylic Acid
    • Polyethylene Glycol
    • Others
  • Global Sustained Release Coating Market, By Substrate:
    • Tablets
    • Capsules
    • Pills
  • Global Sustained Release Coating Market, By Application:
    • In Vitro
    • In Vivo
  • Global Sustained Release Coating Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Evonik*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • BASF SE
    • Colorcon
    • Coating Place, Inc.
    • Panchsheel Organics Ltd.
    • Eastman Chemical Company
    • M. Chemie Pvt. Ltd.
    • Ashland
    • Spraycel Coatings
    • JRS PHARMA
    • Merck KGaA
    • Panacea Biotec

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global sustained release coating market is expected to exhibit a CAGR of 6.6% during the forecast period (2021-2028).
The market is estimated to be valued at US$ 508.2 Mn in 2021.
Evonik, BASF SE, Colorcon, Coating Place, Inc., Panchsheel Organics Ltd., Eastman Chemical Company, G.M. Chemie Pvt. Ltd., Ashland, Spraycel Coatings, JRS PHARMA, Merck KGaA, and Panacea Biotec are some of the prominent players operating in the market over the forecast period.
The market is expected to be valued at US$ 794.9 Mn in 2028.
North America is the prominent region in the market.
Polyvinyl & Cellulose Acetate, which belongs to the polymer material type segment, is the prominent segment in the market.

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