Pharmacy compounding products are typically made by the mixing of individual (prescription and/or over-the-counter drugs) ingredients required for patient. This method allows the pharmacist to personalize a medication according to the patient need. Compounding pharmacy products are widely required by babies and children who need medications in extremely small doses but such doses are not available in market.
Compounding Pharmacies Market - Global Industry Size, Share, Trends Analysis 2015 - 2021
1. Compounding Pharmacies Market - Global Industry Analysis
and Forecast 2015 - 2021
Persistence Market Research
Compounding Pharmacies Market - Global
Industry Analysis and Forecast 2015 - 2021
Persistence Market Research 1
2. Compounding Pharmacies Market - Global Industry Analysis
and Forecast 2015 - 2021
Persistence Market Research Released New Market Report on “Compounding Pharmacies
Market: Global Industry Analysis and Forecast 2015 - 2021”.
Compounding can be defined as the mixing of different drugs by a pharmacist in licensed
laboratory. Compound medications are prescribed by a registered physician, nurse or
veterinarian and are mixed by licensed pharmacist. Pharmacy compounding is the art and
science of preparing personalized medicine as per the need of patient. Pharmacy
compounding products are typically made by the mixing of individual (prescription and/or
over-the-counter drugs) ingredients required for patient. This method allows the pharmacist
to personalize a medication according to the patient need. Compounding pharmacy products
are widely required by babies and children who need medications in extremely small doses
but such doses are not available in market. Moreover, people who are allergic for
commercial drugs and elderly people who are unable to swallow tablet or capsule require
frequently compounding pharmacy medication. Compounding medications are not approved
by the Food and Drugs Administration (FDA).
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research/compounding-pharmacies-market.asp
The global market for compounding pharmacies market can be segmented as
By application type
Compounding medication for women's health
Compounding medication for men's health
Compounding medication for veterinary
Compounding medication for podiatry
Compounding medication for dermatology
Compounding medication for pain management
Compounding medication for sports medicine
Compounding medication for children and geriatrics
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3. Compounding Pharmacies Market - Global Industry Analysis
and Forecast 2015 - 2021
Among all the above mentioned segments compounding pharmacy products for children and
geriatrics has been identified as a most promising segment and currently covers largest
market share of the global compounding pharmacies market.
Geriatric population and children are the prime users of compounding pharmacy products.
Geriatrics populations are rapidly increasing across the world. Moreover, the number of
babies and children are also increasing significantly. For an instance the United Nations
Department of Economic and Social Affairs stated that everyday 215,060 number of birth
takes place worldwide. Thus, with rising geriatrics population and children the global market
for compounding pharmacies is also expected to increase. The industry is also boosted by
growing awareness among people about pharmaceutical options. Compounding pharmacies
market will also be fuelled by the shortage of mass manufactured drugs among people.
However, side effects associated with the consumption of compound medication is a major
factor that would restrict the global demand of compound pharmacies market. Moreover,
lack of awareness about compound pharmacy products in some developing economies of
Africa would hinder the global market growth.
North America dominates the global market for compound medication due to increasing
demand of compound pharmacy product in this region. Moreover, increasing awareness
among people about an option of compound pharmacy product would also drive the market
growth in North American region. North America was observed to be the largest compound
pharmacies market due to major market players are based in this region. Europe holds the
second position in compound pharmacies market owing to its large geriatric population
base. Asian and Latin American regions market growth will be fuelled by the presence of
untapped opportunities due to extensive increase in the healthcare infrastructure. Similarly,
Asia-Pacific is considered as an emerging market due to growing market penetration in this
region.
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Major market players contributing in the global market share of compound pharmacies
market includes Advanced Pharma, Inc., Cantrell Drug Company, Central Admixture
Pharmacy Services, Inc., nfusion Options Inc., Institutional Pharmacy Solutions, LLC, Lowlite
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4. Compounding Pharmacies Market - Global Industry Analysis
and Forecast 2015 - 2021
Investments, Inc., OPS International, Inc., Pharmagen Laboratories Inc., PharMedium
Services, LLC, Triangle Compounding Pharmacy Inc., Unique Pharmaceuticals, Ltd. and
among others.
Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full “All Upcoming Persistence Market's ” report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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5. Compounding Pharmacies Market - Global Industry Analysis
and Forecast 2015 - 2021
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