Compounding Pharmacies Market size to grow at over 5% CAGR from 2016 to 2024

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Compounding Pharmacies Market size to grow at
over 5 CAGR from 2016 to 2024 Global Market
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Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Compounding Pharmacies
Market

• U.S. dominates the region with revenue of over
  5.6 billion in 2015. It is expected to have a
  stable growth due to increasing geriatric
  population, higher life expectancy and increasing
  per capita income of the citizens.
• Europe is the second largest market for
  compounded pharmacies. Improved healthcare
  infrastructure and rise in number of skilled
  pharmacists is expected to have a positive impact
  on industry growth.
• Asia-Pacific is anticipated to witness a double
  digit growth with countries such as Singapore and
  Australia driving the market growth. Strong
  economic growth and improved R D activities will
  drive the regional market growth.

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Application Analysis of Compounding Pharmacies
Market

• The practice of dispensing tailored medicine is
  widely accepted in regions where availability of
  standardized drugs is a challenge. The increased
  acceptance trend of personalized medicine will
  fuel industry growth.
• Shortage of drug supply across various regions
  will boost the industry growth. Amongst others,
  U.S. alone is facing a shortage of over 300
  drugs.
• Compounded drugs are sought for as an option,
  when need for critical drugs are not met through
  commercially available branded drugs.
• Convenience of compounded drug administration
  provides a significant benefit, specially during
  alleviation of chronic pain associated with
  cancer where patient is unable to swallow the
  medication.

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Competitive Market Share of Compounding
Pharmacies Market

• Some of the major players in compounding
  pharmacies include Fagron, PharMEDium Services,
  B. Braun Melsungen AG Company, Institutional
  Pharmacy Solutions, Triangle Compounding
  Pharmacies, Cantrell Drug Company, Fresenius Kabi
  AG and Lorraines Pharmacy.

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