Press release
Compounding Pharmacies Market Analysis by Manufacturers, Types and Application 2019
The Compounding Pharmacies Market is one of the growing trends in the health industry owing to the rise in aging population and increasing prevalence of chronic diseases. Compounding pharmacies play an important role in the testing and development of drugs. Compounding pharmacists are currently involved in testing and development of new drug formulations to ensure the safety of the drug for patients. Pharmaceutical companies and physicians are focusing on compounding pharmacies to introduce new drugs in the market and also to recreate commercially available drugs with new formulations.
Key Players Active in the Global Compounding Pharmacies Market
Some of the key market players operating in the global compounding pharmacies market are Fagron, Institutional Pharmacy Solutions, Fresenius Kabi AG, Cantrell Drug Company, B. Braun Melsungen AG Company, and Lorraine’s Pharmacy.
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Oral Medication to be Highly Preferred in the Global Compounding Pharmacies Market
On the basis of product type, oral medication including tablets, capsules, lollipops, mixtures, and lozenges are likely to witness the highest growth during 2017-2025. Oral medication is projected to surpass US$ 6,300 Million revenue by 2025 end.
Based on the application, compounding pharmacy products are expected to find large application in medication for adults, followed by medication for children. By 2025 end, medication for adults is estimated to bring in close to US$ 7,600 Million revenue.
By therapeutic area, compounding pharmacy products are likely to be largely used in hormone replacement therapy. Towards 2025 end, hormone replacement therapy is projected to reach nearly US$ 9,400 Million in terms of value.
The report compiled by Persistence Market Research provides key insights on the global compounding pharmacies market for the period 2017 - 2025. The main objective of the report is to offer in-depth analysis on both quantitative and qualitative factors, along with the information on growth opportunities in the global market for compounding pharmacies. The report focuses on the compounded drugs including customized medicines provided by a pharmacist or a physician. These medicines are available in strengths that are not commercially available.
This report provides analysis on the global compounding pharmacies market based on the market value across products, therapeutic areas, application, and regions. This helps better understanding and identifying growth opportunities in the global compounding pharmacies market.
The report begins with an executive summary of the global market for compounding pharmacies. This section also covers the performance of the overall market in terms of revenue. This section also offers in-depth analysis of market drivers, latest trends, and challenges based on the demand and supply in the global market. The next few sections in the report provide analysis based on the key segments, sub-segments, regions and countries.
Research Methodology
The forecast offered in the report on the global compounding pharmacies market assesses the revenue generated in the market at a global level. It also focuses on the market value of compounding pharmacies across key regions to offer the total market size. Forecast on the market is done by taking into account the total current market size. This data forms the basis for a forecast on how the global market for compounding pharmacies is likely to perform in the coming years.
The primary and secondary research was also done to arrive at various conclusions. Interviews were conducted with the experts in the market for compounding pharmacy. The opinions offered by respondents were included in the report after crosschecking with valid sources. The report also provides information on the regulations on compounding pharmacies in different countries. Data quantification has also been considered along with quality insights that were collected directly from suppliers, pharmacists, physicians, and market experts. Year-on-year growth along with the CAGR is also given in the report for global and regional market. The data provided helps in identifying the right growth opportunities.
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