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Global U.S. Injectable Compounding Pharmacy Market Growth Accelerated by Adoption of Tailored Medication Therapies

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Global U.S. Injectable Compounding Pharmacy Market Growth Accelerated by Adoption of Tailored Medication Therapies

Injectable compounding pharmacies create customized medications to meet specific health conditions and treatment needs of patients that are unmet by standard commercially available drugs. They produce physician-prescribed tailor-made preparations in specialized sterile facility with accuracy and quality control processes. These injectable preparations offer advantages like improved tolerability, safety and efficacy for patients having difficulty swallowing pills or requiring alternative dosage forms like suspensions, creams or gels. The growing demand for specialized medications and rising awareness among patients and physicians has accelerated the adoption of such customized therapies in recent years.

The global U.S. Injectable Compounding Pharmacy Market is estimated to be valued at US$ 1517.34 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:

The increased demand for personalized medications has emerged as a key trend fueling the growth of the injectable compounding pharmacy market. Patients with complex health conditions often require medication formulations that are tailor-made to suit their specific needs. Traditional drug solutions may not always be effective and safe for such individuals. Compounded preparations allow healthcare professionals to modify dosage forms, strengths and delivery methods of FDA-approved drugs according to patient requirement. This has vastly expanded treatment options. Moreover, availability of advanced compounding technologies has enabled pharmacists to develop sterile complex injectable medications with high precision. Adoption of specialized equipment, cleanroom facilities and stringent production standards have significantly improved quality and consistency of compounded drugs. These factors are expected to drive wider use of tailored injectable therapies in the US market over the coming years.

Segment Analysis:

The U.S. injectable compounding pharmacy market is segmented on the basis of product and therapeutic area. Based on product, the market is segmented into analgesics, fortified antibiotics, oral contraceptives, growth hormones, and others. The analgesics segment currently dominates the market due to the increasing cases of chronic pain disorders among the geriatric population in the U.S. Growth hormones are expected to witness robust growth over the forecast period owing to their use in the treatment of conditions like growth hormone deficiency, Turner syndrome and Prader-Willi syndrome.

Key Takeaways:

The Global U.S. Injectable Compounding Pharmacy Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global U.S. Injectable Compounding Pharmacy Market is estimated to be valued at US$ 1517.34 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.

Regional analysis: The United States accounts for the majority share of the global injectable compounding pharmacy market and is expected to dominate the market over the forecast period. This is mainly due to the presence of major players operating in the country and growing geriatric population suffering from chronic diseases. California occupies a significant share in the regional market owing to availability of skilled pharmacists, relaxed regulations and high demand for customized medications.

Key players: Key players operating in the U.S. injectable compounding pharmacy market are Central Admixture Pharmacy Services, Inc., Nephron Pharmaceuticals Corporation, QuVa Pharma, Olympia Pharmacy, ASP Cares, Fagron Compounding Pharmacies, Athenex, Inc., Avella Specialty Pharmacy, Atlas Pharmaceuticals, Empower Pharmacy, Carie Boyd’s Prescription Shop, Edge Pharma, Imprimis NJOF, LLC, IntegraDose Compounding Services, LLC, Wells Pharma of Houston, LLC, US Compounding Inc., SCA Pharma, and Vertisis Custom Pharmacy. Most of the major players are focused on product innovation and expansion of manufacturing and distribution facilities to strengthen their presence in the market.

Explore more information on this topic, Please visit -

https://www.insightprobing.com/u-s-injectable-compounding-pharmacy-market-share-and-demand-analysis/ 

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