Aging Population Driving Global Compounding Market

 Aging Population Driving Global Compounding Market

The global compounding pharmacy market size is estimated to be $9.2B and is expected to witness a CAGR of 9.45% to 2029.

Rise in global geriatric population and better life expectancy is a key driver for the growth of the global compounding pharmacy market. Additionally, growth in adoption of modified medicine in the developed economies and scarcity of drugs across the globe in the compounding pharmacy market are some of the other drivers propelling the market growth.Nevertheless, shortage of skilled pharmacists and lab technicians in the developing economies and high cost of equipment and upkeep of disinfected environment are expected to restrain the global market growth.

The oral medications segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to the increase in application of this form of medications such as capsules and tablets for various ailments worldwide.


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