Over the forecast period, a global shortage of vital medications is anticipated to spur market expansion for compounding pharmacies. For instance, the Department of Health and Social Care (DHSC), which is the UK government department in charge of government policy on health and adult social care matters in England, as well as some aspects of the same matters that are not otherwise devolved to the Scottish Government, Welsh Government, or Northern Ireland Executive, stated that in November 2019, the National Health Service (NHS), which is the publicly funded healthcare system in England.
Global Compounding Pharmacies Market is estimated to be valued at US$ 10,127.9 million in 2022 and is expected to exhibit a CAGR of 5.7 % during the forecast period (2022-2030).
Leading Companies in the Compounding Pharmacies Industry:
1. Avella Specialty Pharmacy
Avella Specialty Pharmacy is a National Accredited Specialty Pharmacy, providing individualized care and support to patients since 1996. Headquartered in Phoenix, Arizona. The company offers a nationwide distribution service to complement its retail locations.
2. Central Admixture Pharmacy Services
CAPS is the nation's largest network of outsourcing admixture pharmacies. A pioneer in the outsourcing of CSPs, CAPS was founded in 1991, and delivers high-quality, same-day, admixture services and solutions to hospitals and outpatient facilities across the nation. It has headquarters situated in Allentown, USA. In May, 2020 Central Admixture Pharmacy Services, Inc. (CAPS®), the nation’s largest network of outsourcing admixture pharmacies, announced the expansion of its product portfolio.
3. Fagron
Fagron NV, a pharmaceutical compounding company, provides personalized medicine care to hospitals, pharmacies, clinics, and patients in Belgium and internationally. Fagron NV was founded in 1990 and is based in Nazareth, Belgium. In September, 2022 Fagron, the leading global player in pharmaceutical compounding, launches DiluCap, a new line of six excipients for compounding pharmacies allowing for easier and faster capsule formulation. It is operational in more than 35 countries worldwide.
4. Fresenius Kabi AG
Fresenius Kabi is a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition. Fresenius SE & Co. KGaA was founded in 1912 and is headquartered in Bad Homburg vor der Höhe, Germany. In February, 2023 Fresenius Kabi announced today the launch of its pegfilgrastim biosimilar, Stimufend® (pegfilgrastim-fpgk), in the United States (U.S.).
5. PharMEDium Services
Founded in 2003, PharMEDium Services is a leading pharmaceutical manufacturing company. It has headquarters situated in Illinois, USA.
6. Institutional Pharmacy Solutions
Institutional Pharmacy Solutions was founded in 2003 by Daniel Mims, in response to an unmet need for customized, quality, and effective on-site pharmacy services in the behavioral health industry. It has headquarters situated in Alabama, USA.
7. Cantrell Drug Company
Cantrell Drug Company was founded in 1992. The Company's line of business includes the retail sale of prescription and proprietary drugs, as well as non-prescription medicines. The company has headquarters situated in Arkansas, United States.
8. ITC Compounding Pharmacy
Established in 1994, ITC Pharmacy combines state-of-the art technology with a professionally trained staff to provide patients with the highest quality, customized medications. The company has headquarters situated in Colorado, US state.
9. QuVa Pharma
QuVa was established in 2015, pharma-grade backgrounds with deep expertise in FDA, cGMP, and aseptic manufacturing. It has headquarters situated in Texas, USA.
10. Clinigen Group PLC
Clinigen is a global, specialist pharmaceutical services company focused on providing ethical access to medicines. It has headquarters situated in Staffordshire, England and is operational more than 120 countries. In October, 2022 Clinigen Limited (‘Clinigen’), the global pharmaceutical services company, today announces that it has become an official partner of the Access to Oncology Medicines Coalition (‘the ATOM Coalition’), an innovative partnership led by the Union for International Cancer Control (UICC) and its partners.
*Definition- Drug compounding is the process of combining, blending, or altering ingredients to provide a medication tailored to the needs of a certain patient.
