Compounding Pharmacies Market Research Report | Li
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Compounding factors: Drug shortages and an increasingly aging population will combine to benefit stores
IBISWorld’s Compounding Pharmacies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Analysis & Industry Trends
Doctor's ordersAfter experiencing strong revenue growth during the recession, the Compounding Pharmacies industry will benefit from improved conditions in the next five years. The number of individuals aged 65 and over will increase, supporting demand for medications from the industry. Furthermore, doctors and patients will likely turn to compounding pharmacies to prepare medications with alternate doses and strengths as drug shortages loom.... purchase to read more
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Industry Report - Industry Products Chapter
According to data from the Cleveland Clinic, about 56.0% of compounded pharmaceuticals were made for a specific patient, compared with 44.0% of drugs being prepared in anticipation of demand from downstream markets (e.g. hospitals).Pharmaceutical ingredient alterationThe primary service offered by compounding pharmacies is the manufacturing of pharmaceuticals with alternate ingredients, which accounts for 35.0% of the industry. Alternate ingredients are often used because of allergies or other conditions that prevent a customer from using the standard pharmaceutical product. Typically, this process involves remaking the drug without gluten or colored dyes... purchase to read more
http://www.ibisworld.com/industry/compounding-pharmacies.h