Press release
Compounding Pharmacy Market Size to Grow US$ 21.3 Bn by the end of 2031, Topical Medications to be Largest Revenue-generating Product Segment
According to the latest market report published by Persistence Market Research titled 'Global Market Study on Compounding Pharmacies: Asia Pacific is expected to witness highest growth by 2021', the global compounding pharmacies market is projected to expand at a CAGR of 6% during the forecast period (2015 - 2021). Compounding pharmacies accounted for market revenue worth US$ 6.5 Bn in 2014 and the revenue is expected to increase to US$ 9.75 Bn by 2021.Compounding pharmacies produce personalized medicines, which can be altered by dosages, medicinal strengths, forms, and medium of administration, under the guidance of licensed pharmacists and physicians. The market for compounding pharmacies - though shrouded by regulatory restrictions and product quality conformations - presents a lucrative opportunity as compounded drugs offer ease of accessibility, affordability, and administration to potential customers.
Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/5270
Key market players covered in the report include B. Braun Melsungen AG Company, Fagron, PharMEDium Services LLC, Institutional Pharmacy Solutions, Cantrell Drug Company, Triangle Compounding Pharmacies, Lorraine's Pharmacy, and Fresenius Kabi AG.
The report analyzes the global compounding pharmacies market in terms of market value by end use, product, region, and therapeutic area; and provides information regarding regional market dynamics, regulations, PEST analysis, competitive landscape, current trends, market estimations, and forecast.
Among therapeutic segments, compounding pharmacies find largest application in the pain management industry followed by hormone replacement therapy and others. The hormone replacement therapy segment is expected to gain traction in the near future due to increasing demand for anti-ageing solutions.
increasing demand for high-quality dermatological products is also influencing manufacturers to opt for better quality active pharmaceutical ingredients and maintain a sterile microbial contamination-free manufacturing space. Creams and gels are the most popular products in dermatology, followed by transdermal application products, largely popular in tropical countries.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/5270
The segment is projected to register an above average growth rate over the forecast period. However, veterinary compounded drugs are also gaining traction as these drugs are available in alternate forms and in varying strengths not commercially available.
Globally, Asia Pacific is expected to dominate the market throughout the forecast period, driven by the promotion of innovative therapies and product formulations by major players in the market. Singapore and Australia are the two major growth promoting countries for compounding pharmacies in Asia Pacific.
The compounding pharmacies market in Singapore is expected to increase from a current estimated value of US$ 204.9 Mn in 2015 to US$ 387.2 Mn by 2021, registering a CAGR of 11% over the forecast period. Increase in demand for drugs prone to medicinal drought, personalized dosages, and innovative therapeutic areas is expected to boost overall demand for compounding pharmacies worldwide.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/5270
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About Us :-
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Compounding Pharmacy Market Size to Grow US$ 21.3 Bn by the end of 2031, Topical Medications to be Largest Revenue-generating Product Segment here
News-ID: 2806562 • Views: …
More Releases from Persistence Market Research
Green Power Transformer Market Witnesses Steady Growth with Expanding Renewable …
Introduction
The green power transformer market is gaining strong momentum as global energy systems transition toward sustainability, efficiency, and low-carbon power infrastructure. Green power transformers are designed to minimize energy losses, reduce environmental impact, and enhance operational efficiency through the use of eco-friendly insulating materials, biodegradable fluids, and advanced energy-saving designs. These transformers play a critical role in modern power grids, renewable energy integration, smart grids, and electrification projects.
➤ Download Your…
Garbage Bags Market Size to Expand at 6.1% CAGR Through 2032 - PMR Reports
Introduction
The global garbage bags market has experienced consistent growth over the past decade, supported by rising urbanization, increasing awareness of hygiene and sanitation, and the steady expansion of residential, commercial, and industrial waste generation. Garbage bags play a critical role in efficient waste containment, handling, and disposal across households, offices, healthcare facilities, hospitality establishments, and municipal systems. With growing emphasis on cleanliness, waste segregation, and environmental responsibility, garbage bags have…
Vehicle Recycling Market to Reach US$ 286.8 Bn by 2032 as Key Players Schnitzer …
The Vehicle Recycling Market has emerged as a critical pillar of the global automotive and sustainability ecosystem, driven by the rising volume of end-of-life vehicles and increasing awareness around resource conservation. As global vehicle ownership continues to expand, the accumulation of obsolete and damaged vehicles has intensified the need for structured recycling systems. Governments, manufacturers, and consumers are increasingly aligning toward circular economy models, where vehicle recycling plays a central…
Personal Care Ingredients Industry Outlook Highlights Steady Growth Through 2033
Introduction
The global personal care ingredients industry is experiencing consistent expansion, supported by rising consumer awareness around personal hygiene, grooming, and wellness, along with rapid innovation in cosmetic and personal care formulations. Personal care ingredients-including surfactants, emollients, conditioning agents, preservatives, fragrances, and active ingredients-play a vital role in enhancing product performance, safety, texture, and shelf life across skincare, haircare, oral care, and hygiene products.
➤ Download Your Free Sample & Explore Key…
More Releases for Compounding
Compounding Pharmacies Business Development Strategies for Expanding Your Market …
The global compounding pharmacies market size was US$ 8.1 billion in 2021. The global compounding pharmacies market size is estimated to reach US$ 13.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17220
A compounding pharmacy is a distinctive kind of pharmacy. They can create customized medicines for the individual who…
NBR Compounding Market Report Status And Outlook 2022-2027-Hexpol Compounding, P …
The NBR Compounding Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of…
Global Compounding Pharmacies Market, Global Compounding Pharmacies Industry, Co …
The Compounding Pharmacies market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Compounding Pharmacies Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Compounding Pharmacies market. The report focuses on well-known providers in the global…
U.S. Compounding Pharmacies Market Global Key Players - Premier Pharmacy Labs, R …
Endowed with numerous regulatory compliances, the U.S. compounding pharmacies market has been traversing toward becoming one of the most profitable business spaces. Owing to the lack of safety and absence of clinical clearances, compounded medications have been under stringent scrutiny that has been helping players in the U.S. compounding pharmacies to strengthen their existing manufacturing practices. The surging use of compounded medicines for pain relief and hormone replacement therapies is…
U.S. Compounding Pharmacies Market ; Eminent Players - Pencol Compounding Pharma …
Endowed with numerous regulatory compliances, the U.S. compounding pharmacies market has been traversing toward becoming one of the most profitable business spaces. Owing to the lack of safety and absence of clinical clearances, compounded medications have been under stringent scrutiny that has been helping players in the U.S. compounding pharmacies to strengthen their existing manufacturing practices. The surging use of compounded medicines for pain relief and hormone replacement therapies is…
U.S. Compounding Pharmacies Market Key Players – McKesson Corporation, Nephron …
U.S. Compounding Pharmacies Market size is set to exceed USD 7 billion by 2025; according to a new research report by Global Market Insights, Inc.
Growing prevalence of chronic diseases in the U.S. such as cancer, diabetes, cardiovascular disease, respiratory diseases and obesity will drive the U.S. compounding pharmacies market growth over the forecast period. Increasing drug shortage in the country due to production delays and unavailability of previously manufactured…
