Growing demand for customized medicines is reshaping the global compounding pharmacy market. Compounding pharmacy enables pharmacists to prepare drugs tailored to a patient’s needs and specifications in terms of ingredients. Pharmacies and biopharmaceutical firms are adopting new technologies to give patients effective medications. Healthcare systems can contribute to patient care and public health. Rising awareness and acceptance of compounded medications will enhance business opportunities for compounding pharmacies.
The U.S. compounding pharmacies Market has reached a value of $5.2 billion and is anticipated to grow at a CAGR of 5.9 percent by 2030. Technical advances are increasing AI applications in consumer products, benefiting the healthcare industry. 3D printing technology facilitates the production of personalized precision medicines, including the ability to select the optimal dose, appearance, flavor, and dosage form while reducing the number of doses. Automation improves many facets of compounding pharmacy with greater efficiency and patient safety. Compounding pharmacy is often the only option available to these sensitive patients, which is crucial in facilitating medication adherence.
This edition of Healthcare Business Review brings recent trends and developments in compounding pharmacy and the latest technologies, bringing more efficiency and improvements to the workflow.
It features thought leadership articles from Ghalib Abbasi, System Director of Pharmacy Informatics at Houston Methodist, and Dr. Sohail Masood, Founder, Chairman & CEO of KabaFusion. They shed light on the current technological trends affecting the healthcare industry and chose home infusion as more cost-effective than a hospital infusion.
In this edition, we also bring you the story of some of the top compounding pharmacy service provider companies delivering innovative technologies and solutions in the healthcare industry. One of them is Town Total Compounding Center, an exclusive compound pharmacy specializing in sterile and non-sterile compounding in many dosage forms. It can produce specialized formulas to accommodate every patient’s requirements per their allergies and preferences.
This edition featuring the most promising Compounding Pharmacy Service Providers 2023 facilitates patients and healthcare providers with a seamless experience with innovative trends. We hope you find the right partner to meet organizational needs.
