compounding pharmacies market share by applications and regions for 2021- 2027

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Compounding pharmacies market trends research and
projections for 2021- 2027

• A research study conducted by Global Market
  Insights, Inc., suggests that ompounding
  pharmacies market is likely to exceed the 15
  billion mark by 2027, in terms of revenue.
  Recently, worldwide outbreak of COVID-19 has
  disrupted the supply chains delaying the delivery
  of raw materials which in turn is delaying the
  manufacturing process. This has ultimately
  affected the supply of medication leading to its
  shortage.
• Compounding pharmacies, which involve the
  preparation and selling of prescribed medicines
  are gaining massive popularity across healthcare
  sector owing to the rising awareness regarding
  the benefits of compounded medications. Besides,
  shortfall of various drugs such as cancer
  medicines and other lifesaving drugs is fostering
  the demand for compounding pharmacy services.

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• Apart from this, these pharmacies are gaining
  higher prominence in the healthcare industry
  especially in pain management, dermatology,
  hormone replacement nutritional supplements, etc.
  Dermatology segment is registering higher demand
  from compound pharmacies owing to the rising
  awareness among people regarding skin care and
  dermatological treatment
• Speaking of the sterility of medication offered
  by compounding pharmacies, non-sterile compounded
  medication primarily involves topical and oral
  forms of drugs and do not require the environment
  to be completely free of all microorganisms.
  Elevating demand for oral and topical drugs are
  positively influencing the segment growth. For
  the records, non-sterile segment across
  compounding pharmacies market had accounted for a
  valuation of more than 7 billion in 2020.
• Compounding medicines are widely available
  through hospital pharmacies which makes them a
  strong distribution channel for the industry.
  Reportedly, hospital pharmacy segment had held a
  substantial market share of over 52 in 2020.
  This can be credited to the supportive regulatory
  scenarios across several major economies. This in
  turn has prompted several hospitals to deliver
  compounded medications through hospital
  pharmacies which is positively influencing the
  business space.

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Rights Reserved
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• Regional Analysis

• On the regional terrain, Asia Pacific is showing
  rapid expansion of compounded pharmacies owing to
  rising adoption of customized medication coupled
  with growing investments in the development of
  healthcare infrastructure. In addition, rising
  demand for parenteral compounded medication for
  catering to the growing elderly population along
  with increasing medical tourism is complementing
  the growth of regional market. In 2020, Asia
  Pacific compounding pharmacies market had
  recorded an appreciable valuation of more than
  USD 1.7 billion.

• Competitive Analysis

• As a result of rising demand, eminent business
  players operating in compounding pharmacies
  industry are focusing on developing new solutions
  and expanding their business in an attempt of
  gaining a strong market position. For instance,
  in 2017, global biopharmaceutical company
  Athenex, Inc. which develops and commercializes
  therapies for the treatment of cancer, launched
  three sterile injectable molecules through its
  subsidiary Athenex Pharma Solutions (APS). APS is
  reportedly involved in addressing hospital needs
  by providing high-end outsourced compounding
  services. Such developments are opening new
  growth opportunities for the market.

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