Global Compounding Pharmacies Market Report to 2029 – Featuring Cerner, Yuyama, ARxIUM, Parata Systems and RxSafe Among Others – ResearchAndMarkets.com

Global Compounding Pharmacies Market Report to 2029 – Featuring Cerner, Yuyama, ARxIUM, Parata Systems and RxSafe Among Others – ResearchAndMarkets.com




Global Compounding Pharmacies Market Report to 2029 – Featuring Cerner, Yuyama, ARxIUM, Parata Systems and RxSafe Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Compounding Pharmacies Market Report, By Application, By Therapeutic Area, By Products, by Distribution Channel, and by Region – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.

The compounding pharmacies market size is estimated to be USD 10.91 billion in 2021 and is expected to witness a CAGR of 5.96% during the forecast period 2022-2029.

Companies Mentioned

  • Staubli International (Switzerland)
  • Meditech Pharmacy Management Solutions (Belgium)
  • Baxter International Inc. (US)
  • Capsa Healthcare (US)
  • Tension Corporation (US)
  • Cerner Corporation (US)
  • Yuyama Co. Ltd. (Japan)
  • ARxIUM Inc. (US)
  • Parata Systems LLC (US)
  • RxSafe LLC (US)
  • Pearson Medical Technologies LLC (US)
  • Omnicell Inc. (US)
  • Medical Packaging Inc. LLC (US)
  • Noritsu Pharmacy Automation (US),Innovation Associates (US)
  • McKesson Corporation (US)
  • Willach Group (Group)
  • Euclid Medical Products (US)
  • TouchPoint Medical Solutions (US)
  • MedAvail (Canada)
  • Pharmacy Automation System (US)
  • KUKA AG (Swisslog Healthcare) (Germany)
  • Becton
  • Dickinson and Company (US)
  • ScriptPro LLC (US)
  • Deenova SRL (Italy)

The growing public knowledge of the advantages of custom-made drugs and growing use of customised medicine in developed regions are some of the key drivers for the market growth. However, scarcity of qualified lab technicians and pharmacists in emerging nations and increased cost of maintaining sterile environments are expected to restrain the market growth

By Application

On the basis of application, the market is categorized into medication for veterinary, medication for geriatrics, medication for adults, and medication for children. In the global market, the medication for adult segment accounted for the largest revenue share in 2021 owing to the changing lifestyles and the rising burden of various chronic diseases.

By Therapeutic Area

Based on therapeutic area, the market is categorized into hormone replacement therapy, dermatological application, and pain management. In 2021, the hormone replacement therapy accounted for the highest revenue share due to development and personalization of medications to address the unique needs of certain individuals.

By Products

Based on products, the market is categorized into suppositories, mouthwashes, topical medication, and oral medication. In 2021, the oral medication accounted for the highest revenue share due to rising popularity of oral pharmaceuticals including tablets and capsules.

By Distribution Channel

Based on distribution channel, the market is segmented into compounding pharmacy and hospital pharmacy. In 2021, the segment accounted for the largest revenue share owing to the fact that hospital pharmacies are beneficial for the storage, compounding & dispensing of medications and for counselling patients and other healthcare professionals on the appropriate and safe use of medications.

Regional Markets In 2021

North America region accounted for the highest revenue in the compounding pharmacies market and is expected to maintain its dominance during the forecast period. This is attributed to lack of various medication items on the market and increased geriatric population demand for these facilities.

For more information about this report visit https://www.researchandmarkets.com/r/d8nyz2

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