New York, NY -- (SBWIRE) -- 12/15/2017 -- The global compounding pharmacies market is forecasted to be worth US$ 13,366.5 Mn by 2025 end and is expected to increase at a CAGR of 7.5% throughout forecast period. North America is the largest regional market accounting for 66.6% market share in 2016 and is expected to grow at a CAGR of 7.6%.
The global Compounding Pharmacies market is segmented on the basis of expression system, product type, application, end user and region.
The prime driver for the compounding pharmacies market is medicinal drought. When the need for critical drugs are not met through commercially available branded equivalents, compounded drugs are sought after. Furthermore, increasing demand for anti-ageing products that use custom compounded drugs is a prevalent trend across the globe. Innovative sub-therapeutic areas such as bio-identical hormone replacement therapy are also contributing to the growing popularity of compounded drugs. Ease of administering compounded drugs is especially noted in critical illnesses such as cancer, where a patient is unable to swallow a pain-reducing drug. The drug is either administered as a lollipop, transdermal application, or sterile preparation.
Increasing need to conform to regulatory specifications is however becoming a necessity for compounding pharmacies all over the world.
Market Segmentation by Drug Type
Based on product type, the market has been segmented into:
Oral Medication
Topical Medication
Mouthwashes
Suppositories
By product type, the oral medication segment is expected to gain more than 40% of the market share in terms of revenue in the global compounding pharmacies market. Topical medication is the second largest segment by product in the global compounding pharmacies market. The oral medication segment dominates the global compounding pharmacies market and is expected to be the most lucrative segment, with a market attractiveness index of 2.2.
Market Segmentation by Application Type
Based on application type, the market has been segmented into:
Medication For Adults
Medication for Veterinary
Medication for Children
Medication for Geriatric
The medication for adults segment is expected to gain maximum share in terms of value over the forecast period.
Market Segmentation by Therapeutic Area
Based on therapeutic area, the market has been segmented into:
Pain Management
Hormone Replacement Therapy
The hormone replacement therapy segment is expected to gain maximum share in terms of value during the forecast period.
Market Segmentation by Region
Based on region, the market has been segmented into:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Summary of Table of Content
1. Executive Summary
2. Market Introduction
3. Market View Point
4. North America Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025
5. Latin America Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025
6. Europe Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025
7. Asia Pacific Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025
8. MEA Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025
9. Forecast Factors: Relevance and Impact
10. Forecast Assumptions
11. Competition Landscape
12. Global Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025, By Region
13. Global Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025, By Product Type
14. Global Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025, By Application Type
15. Global Compounding Pharmacies Market Analysis 2012–2016 and Forecast 2017–2025, By Therapeutic Area
16. Global Market Analysis 2012–2016 and Forecast 2017–2025
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