Sales in the extended release drugs market are expected to rise at a CAGR of 11% over the forecast period 2022-2032. Extended release drugs market is currently valued at US$ 48 Bn. Due to changes in the prescription patterns and rising acceptance of diverse dosage forms, demand for extended release drugs is anticipated to bolster in the forthcoming years.
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Impact of COVID-19 on the Healthcare Industry
The COVID-19 pandemic has had a significant impact on the global economy at multiple levels, including the healthcare industry. The thriving market of health care research and development is expected to experience a sharp drop in sales during the lockdown period due to the shutdown of manufacturing units, a severe shortage of raw materials, and a lack of potential manpower. The current situation caused by the pandemic indicates that production and supply chain activities have encountered minor setbacks. However, the market is expected to gradually recover following COVID-19, providing attractive opportunities for sales in various regions around the world in the coming years.
Future Business Insights’ analysts are focusing on research and market study to produce various Extended Release Drugs Market forecasts and predictions at both the national and international levels. They assessed and produced reliable and informative insights on the Extended Release Drugs Market by considering several leads of information pertaining to the industry such as market figures and merger estimations.
Key Players
Some of the key players present across the value chain of the global extended release drugs market are Pfizer, Mallinckrodt, Actavis, Janssen Pharmaceuticals, Endo Pharmaceuticals, Purdue Pharma, Lavipharm Labs, Mylan Technologies, Noven, Aveva, Watson, Impax, Ranbaxy and others
Segmentation
The global extended release drugs market is segmented by drug release types and distributional channel
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Extended Release Drugs Market Segmentation by Drug Release
- Sustained Release
- Controlled Release
Extended Release Drugs Market Segmentation by Distributional Channel
- Hospital Pharmacies
- Retail Pharmacies
- Mail Order Pharmacies
- Drug Stores
Queries Solved
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What are the recent trends in Extended Release Drugs Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Extended Release Drugs Market in the growth of the Healthcare Industry?
What are the key market trends impacting the growth of the Extended Release Drugs Market in the Healthcare Industry?
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