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.
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Compounding Pharmacies Market: Global Industry Analysis and Forecast 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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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
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.
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3. Compounding Pharmacies Market: Global Industry Analysis and Forecast 2015 -
2021
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.
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 Investments, Inc., OPS International, Inc.,
Pharmagen Laboratories Inc., PharMedium Services, LLC, Triangle Compounding Pharmacy Inc., Unique
Pharmaceuticals, Ltd. and among others.
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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
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4. Compounding Pharmacies Market: Global Industry Analysis and Forecast 2015 -
2021
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.
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http://www.persistencemarketresearch.com/forthcoming-reports.asp
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2021
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