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compounding pharmacies market report for 2027 – Companies, applications, product

This compounding pharmacies market report is an exhaustive research on companies active in Compounding pharmacies sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.

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compounding pharmacies market report for 2027 – Companies, applications, product

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  1. 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. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. 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. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/749 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. 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. Request for Customization @ https://www.gminsights.com/roc/749 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On compounding pharmacies market @ https://www.gminsights.com/industry-analysis/compounding-pharmacies-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/749 Request for customization: https://www.gminsights.com/roc/749 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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