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Compounding Pharmacies Market, By Products (Oral Medication (Capsule, Tablets, Mixtures, Lollipops, Lozenges), Topical Medication (Gels, Ointments, Cream, Lotions), Mouthwashes, Suppositories), By Application (Medication for Adults, Medication for Veterinary, Medication for Children, Medication for Geriatric), By Therapeutic Area (Pain Management, Hormone Replacement Therapy), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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COMPOUNDING PHARMACIES MARKET ANALYSIS Compounding Pharmacies Market, By Products (Oral Medication (Capsule, Tablets, Mixtures, Lollipops, Lozenges), Topical Medication (Gels, Ointments, Cream, Lotions), Mouthwashes, Suppositories), By Application (Medication for Adults, Medication for Veterinary, Medication for Children, Medication for Geriatric), By Therapeutic Area (Pain Management, Hormone Replacement Therapy), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Compounding Pharmacies Market — Insights A pharmacy that is operated by a licensed pharmacist, licensed physician or a person under the guidance of a licensed pharmacist is called compounding pharmacy.
Global Compounding Pharmacies Market: Drivers • Global shortage of essential drugs is expected to propel growth of the global compounding pharmacies market over the forecast period. For instance, according to the Department of Health and Social Care (DHSC), in November 2019, NHS was facing shortage' of lifesaving drugs that include treatments for cancer, heart conditions and epilepsy.
Global Compounding Pharmacies Market Value (US$ Mn), by Region, 2018
Global Compounding Pharmacies Market: Restraints Increasing restrictions on manufacturing of complex formulations is expected to hinder growth of the global compounding pharmacies market. For instance, the U.S. FDA noted that compounding drugs containing API acetaminophen in excess of 325mg, which may lead to liver injuries in certain patients
Global Compounding Pharmacies Market: Opportunities • R&D of drugs in innovative medium/forms and varying dosages for the treatment of various diseases is expected to offer lucrative growth opportunity of market players. For instance, in November 2018, AMC, a hospital in Amsterdam focused on producing compounding drugs, received permission from the Dutch Health and Youth Care Inspectorate to produce an equivalent of chenodeoxycholic acid (CDCA) if the used resources meet the quality standards.
Global Compounding Pharmacies Market: Market Trends/Key Takeaways • Hospitals in the U.S. are expected to increase outsourcing of compounding services to the U.S. FDA 503B-certified bulk drug manufacturing facilities in the U.S. • The market is also witnessing development of innovative pain management compounded drugs, constituting of unique and currently unapproved combinations. These medications are expected to witness increasing demand from sports medicines and oncology domains.
Global Compounding Pharmacies Market: Competitive Landscape • Major players operating in the global compounding pharmacies market include, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, LLC, Institutional Pharmacy Solutions, Cantrell Drug Company, Triangle Compounding Pharmacies, and Lorraine’s Pharmacy.
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