Global Controlled Release Drug Market Size
Market for controlled-release drug delivery was valued at US$ 40.37 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 7.50% to reach US$ 83.02 billion by 2030.
A controlled-release medication delivery system helps keep the medicine's therapeutic level in the blood by gradually releasing it over a predetermined period. For instance, a controlled-release medication administration system enhances the therapeutic's provided efficacy ratio. Enhanced patient acceptance and compliance, less variation in plasma drug levels, uniform medication action, and decreased frequency of dosages are further advantages of a controlled-release drug delivery system. Longer-term maintenance of drug plasma concentrations within the therapeutic window is the goal of controlled drug delivery systems. As a result, there is growing interest in their development. This helps to ensure continuous therapeutic action. One practical example is a controlled-release medication delivery system.
Other advantages of a controlled-release drug delivery system include the following:
- Increased patient acceptance and compliance.
- Less variation in plasma drug levels.
- Better therapeutic consistent medication effect effectiveness ratio.
- Decreased dosing frequency and amount.