Gastroretentive Drug Delivery Systems Market (By Product: High Density System, Expandable Drug Delivery System, Bioadhesive Drug Delivery System, Floating Drug Delivery System; By Dosage Form: Tablets, Liquid, Microspheres, Capsule; By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Gastroretentive Drug Delivery Systems market size is expected to be worth around US$ 21.7 billion by 2030, according to a new report by Vision Research Reports.

The global Gastroretentive Drug Delivery Systems market size was valued at US$ 15.8 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.

Growth Factors

 Gastroretentive Drug Delivery Systems (DDSs) offer possible advantages for the drug with poor bioavailability, as their absorption is restricted to the upper Gastrointestinal Tract (GIT) and can be delivered proficiently. Hence enhancing absolute bioavailability and maximizing its absorption is expected to boost market growth during the forecast period.

Several advantages of these DDSs include curative efficiency and an increase in the bioavailability of drugs. The controlled and systematic DDS minimizes the chances of medicine overexposure at the diseased site. It also offers higher efficiency owing to reduced counter activity by the body. Hence, various advantages associated with gastroretentive DDSs are expected to foster the overall market progression.

These DDSs are effective in treating duodenal and gastric ulcers, including esophagitis, by eliminating deeply buried helicobacter pylori from the submucosal tissue of the stomach. Apart from this, GRDDSs release the medicine slowly in the stomach and preserve its effective concentration in systemic circulation for a prolonged period of time. Hence, the above-mentioned factors are predicted to augment market expansion.

Report Highlights

The floating drug delivery systems segment accounted for the largest revenue share of 46.0% in 2020. Floating drug delivery systems is one of the important methods to attain gastric retention to gain adequate drug bioavailability. This system has less bulk density than gastric fluids and thus stays buoyant in the stomach without disturbing gastric emptying rate for a sustained period.

The bioadhesive drug delivery systems segment is expected to witness a healthy CAGR of 7.1% over the forecast period. bioadhesive polymers are used in enhancing drug absorption and can adhere to the epithelial surface in the stomach. Thus, they improve the gastric retention prolongation, thereby increasing its adoption rate.

The hospital pharmacies segment dominated the market for gastroretentive drug delivery systems and captured the largest revenue share of 34.11% in 2020. Hospital pharmacies preserve the stock of products related to gastric disorders for in-patients and out-patients. Increased investments in healthcare infrastructure and rising consumer awareness in underdeveloped and developing countries are expected to fuel the segmental growth.

The online pharmacies segment is predicted to be the fastest-growing distribution channel segment and is expected to witness a CAGR of 7.10% over the forecast period. This growth can be accredited to convenience and user-friendly interfaces offered by online pharmacies in terms of prices, delivery, and access. In addition, these pharmacies offer several discounts on the purchase of a definite amount or offer bundle pricing for gastric-related products, securing market growth.

The tablets segment dominated the market for gastroretentive drug delivery systems and accounted for the largest revenue share of 38.10% in 2020. The increasing focus of manufacturers on developing gastroretentive tablets is expected to maintain a strong position in the market. The capsule dosage form segment had a considerable revenue share in 2020. Various key players are manufacturing capsule-based gastroretentive products owing to their increased efficiency. Manufacturers such as Roche, Pfizer are producing controlled-release capsules and bilayer floating capsules respectively.

 North America dominated the gastroretentive drug delivery systems market and accounted for the largest revenue share of 41.12% in 2020. The high prevalence of gastric cancer, increasing R&D expenditure, and rising initiatives by market participants in developing advanced gastroretentive drug delivery systems in the U.S. and Canada contributed considerably to North America’s leading market share in 2020. Better adoption of improved gastroretentive drug delivery solutions and follow-up of advanced treatment methods in healthcare is expected to foster regional growth. The increasing occurrence of gastrointestinal disorders across the U.S. and Canada is anticipated to create demand for GRDDS, as they prolong drug retention time in the stomach.

The Asia Pacific region accounted for the significant revenue share in 2020. The market is expected to grow at the fastest rate of 6.10% in the region during the forecast period. The presence of a large patient pool is expected to drive the demand for these devices in the region. The market is expected to experience a significant growth rate of 27.2% during the forecast timeframe. Improved healthcare infrastructure services and a rising number of research activities in the healthcare sector are expected to contribute to the region’s market growth. 

Key Players

• F. Hoffmann La Roche

• Ranbaxy

• GlaxoSmithKline

• Pharmacia

• Depomed

• Alcon, Inc.

• Lupin

• Galanix

• Sun Pharma 

Market Segmentation

• Type Outlook

  • High Density System

  • Expandable Drug Delivery System

  • Bioadhesive Drug Delivery System

  • Floating Drug Delivery System

  • Others

• Dosage Form Outlook

  • Tablets

  • Liquid

  • Microspheres

  • Capsule

  • Others

• Distribution Channel Outlook

  • Hospital Pharmacies

  • Retail Pharmacies

  • Online Pharmacies

• Regional Outlook 

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Columbia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

The Gastroretentive Drug Delivery Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Gastroretentive Drug Delivery Systems market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Gastroretentive Drug Delivery Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gastroretentive Drug Delivery Systems market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Gastroretentive Drug Delivery Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Gastroretentive Drug Delivery Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Gastroretentive Drug Delivery Systems by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Gastroretentive Drug Delivery Systems market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Gastroretentive Drug Delivery Systems market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Gastroretentive Drug Delivery Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Gastroretentive Drug Delivery Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Gastroretentive Drug Delivery Systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Gastroretentive Drug Delivery Systems market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Gastroretentive Drug Delivery Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Gastroretentive Drug Delivery Systems market. These factors have benefited the growth of the global market for Gastroretentive Drug Delivery Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Gastroretentive Drug Delivery Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of GASTRORETENTIVE DRUG DELIVERY SYSTEMS are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.