Global Compounding Systems Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. A compounding system is a device that automatically combines one or more drug solutions to a final container for patient administration. In order to meet the need of the users, the automated compounding systems have a wide range of component ports . Growing prevalence of chronic diseases and rising aging population are key drivers for the growth of Compounding Systems market. According to non-profit organization Partnership to Fight Chronic Disease (PFCD) – as of 2020 chronic diseases affected an estimated 157 million Americans and by 2025, chronic diseases will affect an estimated 164 million Americans – nearly half (49%) of the population. Also, with the increasing advancement in technology and rising healthcare infrastructure, the adoption & demand for Compounding Systems is likely to increase the market growth during the forecast period. However, high cost of Compounding Systems and negative impact of covid 19 on production impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Compounding Systems market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to its well-developed health infrastructure, in terms of disease treatment rate in the region. Whereas, Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing growing chronic disease prevalence rate would create lucrative growth prospects for the Compounding Systems market across Europe region.
Major market player included in this report are:
Braun Melsungen AG
ICU MEDICAL INC.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Gravimetric Automated Compounding Systems
Volumetric Automated Compounding Systems
By End Use Industries:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Compounding Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers