Global Compounding Pharmacies Market is valued at around USD 8 Billion and is anticipated to grow at CAGR of over 4% by 2024.
Favourable demographic inclinations towards improved life expectancy coupled with rising geriatric population will render substantial positive impact on Global Compounding Pharmacies Market growth. Patient of old age normally needs dosage forms and drug excipients that are unalike from commercially available products in market. In such circumstances, compounded medications tailor-made to individual needs allow superior handling of disease conditions. As a result, growing number of geriatric population will boost the market for compounded medications.
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Dearth of availability of skilled workforce coupled with high cost of sophisticated equipment required for compounding medicines might hamper the market growth by 2024. Continuously, changing regulations will further hinder the industry growth affecting the production of compounded drugs on large scale. Lack of timely availability of customary drugs will lead the demand for compounded medications. Shortage of drugs might have severe repercussion such as death of patients. For instance, Europe and North America region have witnessed substantial drug shortage over past few years.
Oral product segment from Global Compounding Pharmacies Market accounted for highest market share in 2017. The high market value is owed to the growing demand for compounded oral medicine, particularly in the domain of pain management. Additionally, the oral liquid dosage forms are favoured due to associated ease of administration and convenience. Geriatric people time and again desire liquid oral dosage form in auxiliary to commercially available dosage forms.
Adult application segment will show a robust growth over the upcoming years. Increasing prevalence of cardiovascular, respiratory oncology, viral, and bacterial diseases in adult population will mainly boost the segment growth. Women over the age of 40years suffering from hormonal changes in their body require compounded hormonal medications. This will additionally support the segment growth over the forecast timeframe.
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Market Segmentation
By Product
• Oral
o Solid preparations
Tablets
Capsules
Granules
Powder
Others
o Liquid preparations
Solutions
Suspension
Emulsion
Syrup
Others
• Topical
o Ointments
o Creams
o Gels
o Pastes
o Others
• Rectal
o Suppositories
o Edema
o Others
• Parenteral
• Inhaler
• Ophthalmic
o Eye drops
o Ear drops
o Nasal drops
o Others
By Application
• Pediatrics
• Adult
• Geriatric
• Veterinary Therapeutic Area
• Hormone Replacement
• Pain Management
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
• Latin America
o Argentina
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
MAJOR TOC OF THE REPORT
Chapter One: Compounding Pharmacies Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Compounding Pharmacies Market Competition, by Players
Chapter Four: Global Compounding Pharmacies Market Size by Regions
Chapter Five: North America Compounding Pharmacies Revenue by Countries
Chapter Six: Europe Compounding Pharmacies Revenue by Countries
Chapter Seven: Asia-Pacific Compounding Pharmacies Revenue by Countries
Chapter Eight: South America Compounding Pharmacies Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Compounding Pharmacies by Countries
Chapter Ten: Global Compounding Pharmacies Market Segment by Type
Chapter Eleven: Global Compounding Pharmacies Market Segment by Application
Chapter Twelve: Global Compounding Pharmacies Market Size Forecast (2019-2026)
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