Compounding is the method of combinations and preparations of personalized medicines. These medicines are prepared based on the prescription of the physician, where the individual ingredients are combined according to the dosage form and strength of the prescribed dose. The certified pharmacists are allowed to personalize the medicine for the patient to satisfy their specific needs, such as strengths, dosage forms, flavors, and exclusion of ingredients for which the patient is allergic or sensitive. Although compounded drugs are not approved by the FDA, meaning that the FDA will not check the safety and effectiveness of such drugs. This responsibility lies with the state pharmacy boards, which verify that the state-licensed pharmacies manufacture compound drugs comply with the FDCA section 503A standards.
A compound medication is formulated to meet the needs of a patient. Compounding from common drugs may be used to create custom strengths or dosages. The combination of different ingredients can produce unique treatments that otherwise are not possible with conventional medications. Pharmacists who treat compound pharmaceutical goods represent a niche market and will attract more patients to meet specific needs.
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Compounding Pharmacy Market Segmentation
By Dosage forms
By Therapeutic area
By Compounding type
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* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
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