Compounding Pharmacies Market Reach US$ 14,995.1 million by 2028 grow at a CAGR of 6.1%

PRESS RELEASE
Published January 31, 2023

The compounding pharmacies market was valued at US$ 9,442.8 million in 2020 and is projected to reach US$ 14,995.1 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.

The major factors driving to the growth of the market are the drug shortage crisis across the world, benefits associated with compounded medications, and increasing adoption of customized medicine (personalized medicine). However, product recalls and stringent regulatory requirements are restricting the Compounding Pharmacies market growth.

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Key Players Analysis:
Fagron, Inc.
Elixir Compounding Pharmacy
Avella specialty pharmacy
B. Braun Melsungen AG
PharMEDium Healthcare Holdings, Inc.
Fresenius Kabi AG
Belle Santé Diagnostic & Therapeutic Institute Pvt. Ltd
Triangle Compounding Pharmacy
Vertisis Custom Pharmacy
US Compounding Inc

The report covers key developments in the Compounding Pharmacies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Compounding Pharmacies market are anticipated to have lucrative growth opportunities in the future with the rising demand for Compounding Pharmacies in the global market. Below mentioned is the list of few companies engaged in the Compounding Pharmacies market.

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Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.

MARKET SEGMENTATION
The global Compounding Pharmacies market is segmented on the basis of type and applications. On the basis of product, the market is classified as buds, oils and tinctures. On the basis of applications, the market is classified as medical, recreational and industrial hemp.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Compounding Pharmacies Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Compounding Pharmacies Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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