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. Compounding pharmacy’s or compound pharmacy’s role is to mix ingredients as per patients' needs and manufacture drugs that are not commercially available. Compounding pharmacies are essential in cases of limited dosage strengths and dosage forms, drug allergies to certain ingredients, pediatrics, chemotherapy, and veterinary medicine. Further, compounded medicines enhance pharmacist contribution to developing and implementing patient therapeutic plans and provide customized medications of high pharmaceutical quality.

The List of Companies-

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 research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022–2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Compounding Pharmacies Market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Compounding Pharmacies Market?
What are the prominent market trends influencing the development of the Compounding Pharmacies Market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Compounding Pharmacies Market?
What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Compounding Pharmacies Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Compounding Pharmacies Market segments and regions.

Segments-

Based on product, the compounding pharmacies market is segmented into oral medications, topical medications, suppositories, and others. The oral medications segment held the largest share of the market in 2020. The growth can be attributed to factors such as it is easy to consume and they come in different forms like solid tablets, capsules, chewable tablets, or lozenges that are easy to be swallowed whole or sucked or as drinkable liquids such as syrups, drops or solutions. Further, the compounding pharmacies market for topical medications segment is expected to grow at the fastest CAGR during the 2021–2028.

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Compounding Pharmacies Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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