The U.S. 503B Compounding Pharmacies Market is Anticipated to Witness High Growth Owing to Increasing Demand for Compounded Medications

The U.S. 503B compounding pharmacies market has been gaining significant traction over the years owing to the growing demand for compounded drugs. Compounded medications are customized medications made by pharmacists to meet the unique medical needs of individual patients that cannot be met by FDA-approved medications. 503B compounding facilities produce sterile compounds in bulk quantities for distribution to hospitals, clinics, and healthcare practitioners without having received a patient-specific prescription. Some key advantages of compounded medications include tailored strength, delivery method, dosing schedule, and removal of non-suitable ingredients for patients. The need for alternative treatment options due to allergies, lack of tolerability, and complications associated with FDA-approved medications is further driving the demand for compounded drugs in the country.


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Owing to Advancements in Targeted Drug Delivery Systems


Drug and gene delivery devices are medical devices that assist in delivering drugs and genes to targeted locations in the body. These devices help in targeted drug delivery and help in overcoming drawbacks of conventional drug delivery methods such as poor bioavailability and non-specific targeting. Popular drug and gene delivery devices include drug infusion pumps, needle-free injectors, inhalers and transdermal patches.
The Global Drug and Gene Delivery Devices Market is estimated to be valued at US$ 25.9 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 To 2031.

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