6 NOVEMBER 2023The landscape of compounding pharmacies worldwide is evolving due to a growing need for customized medications. Compounding pharmacy practice enables pharmacists to craft customized drugs that align with individual patient requirements and preferences. Pharmaceutical companies and pharmacies are adopting new technologies to give patients effective drugs. The healthcare system can contribute to the health of patients and the general public. Compounding pharmacies will benefit from increasing awareness of and acceptance of compounded medications.The U.S. compounding pharmacies has hit a value of $5.2 billion and is projected to grow at a CAGR of 5.9 percent by 2030. With technical advances in consumer products, AI applications in the healthcare industry have advanced rapidly. Personalized precision medicines can be produced using 3D printing, including selecting the appropriate dose, appearance, flavor, and dosage form while reducing the number of doses. The use of automation in compounding pharmacies leads to greater efficiency and patient safety. These sensitive patients are often left with no other option than compounding pharmacies, which facilitates medication adherence.This edition of Healthcare Business Review Canada showcases the latest trends and developments in compounding pharmacy and how companies offer top-tier services leveraging cutting-edge technologies.It features thought leadership articles from Leslie Young, Pharmacy Manager, Oncology Practice and Sterile Compounding at Kingston Health Sciences Centre, who sheds light on recognizing that oncology pharmacy practitioners are part of an immense system of healthcare providers and caregivers. It also features an article from Ts. Dr. James Chong, Director of Allied Health at Thomson Hospital Kota Damansara, who discusses the importance of new approaches and technologies that can assist in providing critical services to patients.In this edition of Healthcare Business Review Canada, we also highlight service provider companies delivering innovative technologies and solutions in the healthcare industry. This edition features Top Compounding Pharmacy Services Providers in Canada 2023, and we hope you find the right partner to meet organizational needs. Let us know your thoughts!Alex D'souzaManaging Editoreditor@healthcarebusinessreview.comCompounding Pharmacies and Innovation in HealthcareEditorialManaging EditorAlex D'souzaEditorial StaffAaron PaulGina ClumskyJoe PhillipJames SmithMark RobertYenny TurnerVisualizerCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.NOVEMBER - 20 - 2023, volume 06 - Issue 36 (ISSN 2836-7030) Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com Email:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comEdwin PaulMichael WayneDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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