all report title image

Compounding Pharmacies Market, By Product Type (Oral, Topical, Rectal, Nasal, Ophthalmic), By Therapeutic Area (Hormone Replacement Therapy, Pain Management, Specialty Drugs, Nutritional Supplements, Others), By Application (Pediatric, Adults, Geriatrics, Veterinary), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : May 2024
  • Code : CMI3199
  • Pages :190
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical
Ingographics Image

Global compounding pharmacies market is estimated to be valued at USD 11.18 Bn in 2024, and is expected to exhibit a CAGR of 6.1% during the forecast period (2024-2031). Global compounding pharmacies market is expected to witness growth exponentially over the forecast period, owing to rising demand for personalized medications for complex conditions. Compounding pharmacies combine or alter ingredients into customized formulations as per patient's specific clinical needs when an U.S. Food and Drug Administration approved prescription product is not available. These help to cater accurate dosing requirements and particular formulations like medications for pediatric or geriatric patients who cannot swallow solid pills. Moreover, the ability of compounders to produce medications with unique flavors and routes of administration expands treatment options. Growing geriatric population diagnosed with chronic health conditions boosts demand for compounded medications.

Market Dynamics:

Global compounding pharmacies market is witnessing robust growth due to increasing incidence of chronic medical conditions worldwide requiring customized medications. Moreover, growing geriatric population base that often need specialized formulations and dose forms of drugs can drive the market growth The advantages of compounding pharmacies over commercially available drugs including unique dosage forms, pediatric dose forms, and ability to cater to patient-specific needs can also drive the market growth. However, strict regulatory framework and quality standards for compounded drugs can hamper the market growth. The availability of expensive commercial equivalents can also hamper the market growth. Increasing healthcare expenditure in emerging nations and utilization of advanced technologies in compounding can offer lucrative opportunities for the market growth.

Key Features of the Study:

  • This report provides an in-depth analysis of the global compounding pharmacies market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global compounding pharmacies market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this includes Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, Institutional Pharmacy Solutions, Cantrell Drug Company, Triangle Compounding Pharmacies, Lorraine’s Pharmacy, Rx3 Compounding Pharmacy, B Braun SE, Clinigen Group PLC, QuVa Pharma, ITC Compounding Pharmacy, Advanced Pharmacy.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • Global compounding pharmacies market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global compounding pharmacies market.

Detailed Segmentation-

  • By Product Type:
    • Oral 
      • Capsule
      • Tablets
      • Mixtures
      • Lollipops
      • Lozenges
    • Topical
      • Gels
      • Ointments
      • Cream
      • Lotions
    • Rectal
    • Nasal
    • Ophthalmic 
  • By Therapeutic Area:
    • Hormone Replacement Therapy
    • Pain Management
    • Specialty Drugs
    • Nutritional Supplements
    • Others
  • By Application:
    • Pediatric
    • Adults
    • Geriatrics 
    • Veterinary
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Company Profiles:
    • Avella Specialty Pharmacy
    • Central Admixture Pharmacy Services
    • Fagron
    • Fresenius Kabi AG
    • PharMEDium Services
    • Institutional Pharmacy Solutions
    • Cantrell Drug Company
    • Triangle Compounding Pharmacies
    • Lorraine’s Pharmacy
    • Rx3 Compounding Pharmacy
    • B Braun SE
    • Clinigen Group PLC
    • QuVa Pharma
    • ITC Compounding Pharmacy
    • Advanced Pharmacy

Detailed Segmentation-

  • By Product Type:
    • Oral 
      • Capsule
      • Tablets
      • Mixtures
      • Lollipops
      • Lozenges
    • Topical
      • Gels
      • Ointments
      • Cream
      • Lotions
    • Rectal
    • Nasal
    • Ophthalmic 
  • By Therapeutic Area:
    • Hormone Replacement Therapy
    • Pain Management
    • Specialty Drugs
    • Nutritional Supplements
    • Others
  • By Application:
    • Pediatric
    • Adults
    • Geriatrics 
    • Veterinary
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Need a Custom Report?

    We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

    Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.