Globally, compounding pharmacies are estimated to account for market value of US$ 6,786 Mn by the end of 2015, and is projected to witness stable growth across all global regions due to rising demand for personalized medicines from customers.

Albany, NY -- (SBWire) -- 12/28/2015 --Compounding Pharmacies are pharmacies that produce drugs tailored to needs of individual patients, by altering, combining, or mixing active pharmaceutical ingredients of drugs. Compounded drugs are prepared under prescription from physicians. Compounding includes the combination of two or more drug ingredients in varied proportions. Most regulatory agencies across the world do not approve compounded medications and do not verify the safety or effectiveness of compounded drugs. These drugs are mostly not reimbursed by pharmaceutical benefits agencies.

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This Persistence Market Research (PMR) report examines the Global Compounding Pharmacies Market for the period 2015 - 2021. The primary objective of the report is to offer updates and information related to market opportunities in the global compounding pharmacies market.

The global compounding pharmacies market report deals with compounded drugs, which are customized medicines, prepared by a pharmacist, or a physician and are available in strengths not commercially available. These medicines are easily available at community pharmacies and are known to provide personalized relief. Compounded drugs are available in various forms such as oral applications (capsules, mixtures, etc.), topical applications (creams, gels, lotions, ointments, etc.), and suppositories. These drugs can be formulated for both human beings and animals. The global compounded drug market is expected to expand at a CAGR of 6% over the forecast period (2015–2021) to account for US$ 9,751 Mn by 2021.

To understand and assess the opportunities in this market, the report is categorically split into three sections, namely, market analysis by product, therapeutic area, and region. The report analyzes the global compounding pharmacies market in terms of market value (US$ Mn).

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The report starts with an overview of the global compounding pharmacies market and its usage in various applications across the globe. In the same section, PMR covers the global compounding pharmacies market performance in terms of revenue. This section includes PMR's analysis of key trends, drivers, and restraints from supply and demand perspectives.

The next section of the report analyzes the market on the basis of application and presents the forecast in terms of value for all the years till 2021.

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