Over the course of the projection period, it is anticipated that a rise in the ophthalmic drug shortage will propel market expansion. For instance, the Department of Health and Human Services' 2019 report states that the dosage type most frequently provided by 503B certified facilities was injectable; consequently, in 2018, over 53 U.S. outsourcing facilities provided injectable compounded medications. The remaining sterile liquids, solids, semi-solids, and non-injectable dosage forms came next.
The market for Ophthalmic Compounding Pharmacies in the United States is anticipated to reach US$ 219.2 million in 2021 and grow at a CAGR of 5.0% from 2021 to 2028.
Leading Companies in the Us Ophthalmic Compounding Pharmacies Industry:
1. Fagron Sterile Services US: Pharmaceutical preparations are the primary business of Wichita, Kansas-based private corporation Fagron Compounding Services. created in 2014. office in the U.S. The top company in the world for pharmaceutical compounding, Fagron, has purchased a 503B outsourcing plant in Boston from Fresenius Kabi.
2. Nora Apothecary: Owner of a pharmaceutical business that aims to offer inexpensive, high-quality medicinal items. The business specialises in producing and distributing generic and specialised medications all over the nation. Founded in 2017. Headquarters in Canada.
3. Lifecare Pharmacy: A group of three specialised pharmacies with locations in Texas's Laurel Heights, Pavilion, and Empire. United States headquarters. Avita's local presence will double with the acquisition of Lifecare Pharmacy's Laurel Heights, Pavilion, and Empire sites.
4. Avella Specialty Pharmacy: Owner and operator of speciality pharmacies in the United States' southwest. In addition to providing medications for the treatment of common illnesses like cancer, infertility, and multiple sclerosis, the company also distributes medicinal therapies in the fields of oncology, dermatology, fertility, urology, ophthalmology, gastroenterology, and rheumatology. Established in 1996. Headquarters located in the US.
5. Triangle Compounding Pharmacy: Service provider for custom-made pharmaceuticals. In order to create personalised therapies using approved active pharmaceutical components, the company prepares its compounded drugs using patented technology. This enables patients to receive prescriptions that are tailored to their individual needs as assessed by the physician. Established in 1999. Admin centre in the U.S.
6. O’Brien Pharmacy: Manufacturer of heavy-duty tubes and other energy sector heat exchange machinery. The business provides industrial tube bundles and equipment enclosures for mechanical, analytical, instrumentation, and offshore oil and gas, petrochemical, power generation, pharmaceutical, solar, semiconductor, and other markets. Established in 1960. Located in Saint Louis, Missouri.
*Definition: The process of combining, mixing, or changing substances to create a treatment according to the needs of a specific patient is known as drug compounding.
