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Netherlands Compounding Pharmacies Market to Reach a Market Valuation of US$ 520.5 Million by 2027 | CAGR: 8.5%: Coherent Market Insights

November 3rd, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

An effective way to reduce the cost of medicines is the compounding of medicinal products. However, pharmaceutical companies in the Netherlands have raised concerns about the safety of compounded drugs that are not approved by European regulators.

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-sample/3156

The Netherlands compounding pharmacies market is expected to reach US$ 520.5 million in terms of value by 2027.

Netherlands Compounding Pharmacies Market: Drivers

Growth of the Netherlands compounding pharmacies market during the forecast period (2019 – 2027) is expected to be driven by the rising demand for cheaper medicines and dermatological products. For example, Chenodal (chenodeoxycholic acid) oral tablet 250 mg may cost around US$ 49,391 for 100 tablets. It can be used to treat Cerebrotendinous xanthomatosis (CTX), a rare genetic metabolic disorder of bile acid metabolism and cholesterol that results in neurologic and systemic abnormalities.

Netherlands Compounding Pharmacies Market: Opportunities

Key players are focused on developing compounding medicines to inform in companion animals and livestock. However, the use of compounds in companion animals is not strictly monitored as federal regulation of veterinary medicine is mainly focused on the avoidance of drug residues in food-producing animals.

View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/netherlands-compounding-pharmacies-market-2563

Netherlands Compounding Pharmacies Market: Restraints

Strict rules and regulations are expected to hamper the market growth. For example, in April 2018, Academic Medical Centre was warned by the IGJ to stop compounding chenodeoxycholic acid (CDCA) due to infringement of the Dutch Medicines Act.

Key Takeaways:

In 2018, the oral medication segment was estimated to account for US$ 167.7 million in terms of value. The oral medication segment is expected to witness a CAGR of 8.5% during the forecast period and is expected to reach US$ 349.9 million by 2027. The growth of the segment is expected to be driven by the rising demand for cheaper medicines and dermatological products.

In 2018, the pain management segment dominated the Netherlands compounding pharmacies market, accounting for 75.5% share in terms of volume, followed by hormone replacement therapy. The growth of the segment during the forecast period is expected to be driven by the rising incidence of acute and chronic pain.

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Market Trends:

To address unreasonable medicines prices, the government in the Netherlands is focused on introducing pharmacy exemption in patent law. For example, In February 2019, article 53(3), the second sentence of the Dutch Patent Act 1995 came into force introducing a patent exemption for the preparation of medicines in a pharmacy.

Compounded drugs are often purchased in case of first-time prescriptions and offer customized benefits compared to the other commercially available drugs. This trend is observed across community compounding pharmacies and hospitals.

Netherlands Compounding Pharmacies Market: Competitive Landscape

Major players operating in the Netherlands compounding pharmacies market are GMP Apotheek Mierlo Hout, Apotheek A15, Vemedia, and Fagron,

Netherlands Compounding Pharmacies Market: Key Developments

Key players in the market are focused on strategic mergers and acquisitions (M&A) to expand their market presence. For example, in April 2018, Fagron acquired Humco, a developer, manufacturer, and supplier of patented delivery vehicles and branded pharmaceutical products in the U.S.

Key players are focused on adopting various strategies such as collaborations to expand their product portfolio in the market. For example, in October 2019, Amsterdam UMC partnered with Quantib, a provider of Medical Imaging AI solutions, and to develop and validate AI software in a joint venture with University Medical Center Utrecht, named Quantib-U.

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Segmentation

  • Netherlands Compounding Pharmacies Market, By Product Type:
    • Mouthwashes
    • Oral Medication
      • Capsule
      • Lollipops
      • Lozenges
      • Suspensions
      • Tablets
    • Suppositories
    • Topical Medication
      • Cream
      • Gels
      • Lotions
      • Ointments
  • Netherlands Compounding Pharmacies Market, By Application:
    • Medication for Adults
    • Medication for Children
    • Medication for Geriatric
    • Medication for Veterinary
  • Netherlands Compounding Pharmacies Market, By Therapeutic Area:
    • Hormone Replacement Therapy
    • Pain Management
  • Netherlands Compounding Pharmacies Market, By Facilities:
    • Community Pharmacies
    • Hospitals

Other Exclusive Reports:

Compounding Pharmacies Market, By Products (Oral Medication (Capsule, Tablets, Mixtures, Lollipops, Lozenges), Topical Medication (Gels, Ointments, Cream, Lotions), Mouthwashes, Suppositories), By Application (Medication for Adults, Medication for Veterinary, Medication for Children, Medication for Geriatric), By Therapeutic Area (Pain Management, Hormone Replacement Therapy), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

U.S. Compounding Pharmacies Market, By Medication (Oral Medication(Capsules, Tablets, Mixtures, Lollipops, Lozenges), Topical Medication(Gels, Ointments, Cream, Lotions), Mouthwashes, Suppositories), By Therapeutic Area (Pain Management, Hormone Replacement Therapy (HRT)), By Application (Medication for Adults, Medication for Veterinary, Medication for Children, Medication for Geriatric) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Cancer Supportive Care Products Market, By Drug Class (Nonsteroidal Anti- Inflammatory Drugs, Anti-Infective, Anti-Emetics, Monoclonal Antibodies, Erythropoietin Stimulating Agents, Opioid Analgesics, Bisphosphonates, Granulocyte Colony Stimulating Factor), By Indication (Lung Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Bladder Cancer, Leukemia, Ovary Cancer, Melanoma Cancer, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Compounding Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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