The Global Compounding Pharmacies market is expected to exceed more than US$ 10 Billion by 2024; Growing at a CAGR of more than 5% in the given forecast period.
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The scope of the report includes in depth study of Global Markets on Compounding Pharmacies market with the reasons given for variations in the growth of the industry in certain regions.
Compounding pharmacies are pharmacies which produce drugs modified to requirements of individual patients by combining, altering and mixing active pharmaceutical elements of medicines. Compounded medicines are prepared in prescription from medical doctors. Compounding contains the grouping of two or more drug elements in different proportions. Most regulatory organizations around the world don’t approve compounded medications and don’t confirm the safety of compounded drugs. The global compounding pharmacies market report deals with compounded medicines which are prepared by a pharmacist or a physician, modified medicines and are available in potency they are not commercially available. These drugs are easily accessible at community pharmacies and are known to give personalized relief.
The report covers detailed competitive outlook which includes the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Triangle Compounding Pharmacies, Fagron,B. Braun Melsungen AG Company, Institutional Pharmacy Solutions, PharMEDium Services LLC, Cantrell Drug Company, Lorraine’s Pharmacy, and Fresenius Kabi AG. Company profile includes assign such as company summary, business strategy, financial summary and planning, SWOT analysis and current developments.
This report provides:
1) An overview of the related technologies on global market for compounding pharmacies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Discussion of research and development, and the demand for new products and new applications.
4) Identifications of new market opportunities and targeted promotional plans for compounding pharmacies.
5) Comprehensive company profiles of major players in the industry.
The major Driving factors of Compounding Pharmacies Market are as follows:
• Rising medicinal droughts of prescription medicine globally.
• Insufficient accessibility to drugs.
• Increasing cost of branded prescription equivalents.
The restraining factors of compounding pharmacies market are as follows:
• Unavailability of expert lab technicians and pharmacists.
• High rate for buying equipment and preserving a hygienic environment with minimum risk of contagion.
The compounding pharmacies market is segmented on the basis of its products, therapeutic areas, regional area and end users. Product segmentation is further classified into oral medications, topical medications, mouthwashes and suppositories. Under oral medication segmentation it covers tablets, lollipops, capsules, suspension and lozenges. Based on topical medications segmentation it covers ointments, lotions, gels and creams. Under end user segmentation it covers Medications for the medications for adults, geriatric population, medications for children and medications for veterinary purposes. Under therapeutic areas segmentation it covers hormone replacement therapy and pain medications. The compounding pharmacy market on geographic segmentation covers various regions such as North America, Middle East and Africa, Europe, Asia Pacific &Latin America. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, India, China, Japan, Brazil and GCC countries.
The Compounding Pharmacies Market has been segmented as below:
TheCompounding Pharmacies Market is Segmented on the lines ofProduct Segment Analysis, End-user Analysis, Therapeutic areas Analysis and Regional Analysis. By Product Segment Analysis this market is segmented on the basis of Oral Medications its covers Tablets, Lollipops, Capsules, Suspension and Lozenges. Topical Medications its covers Lotions, Ointments, Gels and Creams. Mouthwashes and Suppositories. By End-user Analysis this market is segmented on the basis of Medications for the geriatric population sector, Medications for adults sector, Medications for children sector and Medications for veterinary purposes sector.
By Therapeutic areas Analysis this market is segmented on the basis of Pain Medications and Hormone Replacement Therapy. By Regional Analysis this market is segmented on the basis of
North America, Europe, Asia-Pacific and Rest of the World.
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Table of ContentsINTRODUCTION Assumptions & Acronyms Executive Summary Market Overview
4.1. Market Description
4.3. Regulations and PEST Analysis
14.1. PharMEDium Services
14.2. Cantrell Drug Company
14.3. Triangle Compounding Pharmacies
14.4. Institutional Pharmacy Solutions
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