New York, NY -- (SBWIRE) -- 12/24/2020 -- A fruitful outcome of advanced technologies, sustained released coatings are essential for tapping niche markets in brain tumor-specific drug delivery and cancer. On the basis of application type, sustained release coatings can be bifurcated into In Vivo & In Vitro. The sustained release coatings market has been expected to gain an outstanding value of 761.93 million in 2027, growing at a stellar CAGR of 6.06% during the projected time frame.

Companies considered in this market study- Colorcon, BASF, Evonik., Coating Place, Allergan plc., Bausch Health Companies Inc., Mylan N.V., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd.

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Market Drivers

Sustained release coatings have been crucial to medical science and pharmaceutical. Soaring demand for various microencapsulated products and increasing research and development activities carried out in several companies are contributing substantially to the market growth. Sustained release coatings' substrate segment can be categorized into capsules, tablets, and pills. Therefore, surging demand for a wide range of tablets, pills, and capsules worldwide is another factor fueling the market growth. Additionally, high expenditure in research and development by pharmaceutical companies is influencing various in vitro applications, thus aiding the market growth. Along with pharmaceutical companies, many private research organizations and government laboratories are also acquiring several In Vitro applications, required for R&D activities. These factors are also propelling the market.

Substrate Type (Revenue, USD Million; Volume in Tons, 2017–2027)

Capsules
Tablets
Pills

Polymer material Type (Revenue, USD Million; Volume in Tons, 2017–2027)

Ethyl and Methyl cellulose
Polyvinyl and Cellulose Acetate
Polyethylene glycol (PEG)
Methacrylic acid

Application Type (Revenue, USD Million; Volume in Tons, 2017–2027)

In Vitro
In Vivo

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The report covers the following regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Regional Outlook

North America is projected to showcase a significant share in the market over the estimated time frame, owing to the presence of renowned pharmaceutical manufacturers. Moreover, fast growth in research and development, indicating security, stability, and healthy competition among players for a long period, which is also augmenting demand for sustained release coatings in this region. Asia Pacific is growing at a steadfast pace due to flourishing pharmaceutical & drugs industry. 

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Key Questions Addressed in the Report:

Who are the prominent players of the Sustained Release Coatings market?
What is the expected growth rate of the Sustained Release Coatings market for the forecast timeline?
What are the recent mergers and acquisitions the industry has witnessed?
What are the key factors likely to drive or impede the growth of the market over the projected timeline?
What regions and segments are anticipated to show promising growth over the coming years?

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