The global controlled release drug delivery market accounted for US$ 40.37 billion in 2020 and is estimated to be US$ 83.02 billion by 2030 and is anticipated to register a CAGR of 7.50%. Controlled release drug delivery system is used to release drug at a desired rate over a certain period of time which helps to maintain the therapeutic level in blood. For example, controlled release drug delivery system helps improve the efficacy ratio of the administered therapeutic. Uniform drug effect, less fluctuation in plasma drug levels, improved patient acceptance and compliance, and reduction in dosage frequency are some of the other benefits that a controlled release drug delivery system offers.