Compounding Pharmacies Market Growth Trends & Forecast till 2025

December 29, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Foam Glass Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Overview:
Compounding pharmacies market is likely to witness a healthy CAGR of 5.8% during the forecast period.
Drivers
• Growing geriatric population and improved life expectancy
• Increasing adoption of customized medicine in developed regions, advantages of compounded medication
• The increasing rate of drug failure is likely to drive the market in the coming years.
Key Players:
• Athenex Inc.
• B. Braun Melsungen AG
• Clinigen Group plc
• Dougherty's Holdings, Inc.
• Fagron, Inc.
• Fresenius Kabi AG
• Institutional Pharmacy Solutions, LLC
• Lorraine’s Pharmacy
• McGuff Company, Inc.
• Pencol Compounding Pharmacy
What are Compounding pharmacies?
In pharmacy, compounding is the creation of a particular pharmaceutical product to meet the unique needs of a particular patient. Compounded medications are made for specific patients. The conventional role of compounding pharmacies is to prepare drugs as prescribed by doctors for individual patients with needs that can't be met by the drugs that are commercially available.
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Regional analysis:
Europe is estimated to be the largest market, whereas Asia-Pacific would be the fastest-growing region for the compounding pharmacies market during the forecast period. Favorable reimbursement policies and the growing acceptance of compounding medication in Europe will foster the region’s overall growth. Also, technological advancements, presence of leading players, and well-established healthcare facilities will further contribute towards good growth of the market.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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