The sustained release coating market for drugs will see incremental growth of $207.64M from 2022-2027, at a CAGR of 6.11%, according to a report by Technavio.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.