Compounding Pharmacies Market Report

Compounding Pharmacies Market Insights

Compounding pharmacies market is likely to witness a healthy CAGR of 5.8% during the forecast period. Growing geriatric population and improved life expectancy, increasing adoption of customized medicine in developed regions, advantages of compounded medication, and the increasing rate of drug failure are likely to drive the market in the coming years.

Market Share Analysis

Wish to Get a Free Sample? Register Here

Compounding Pharmacies Market Share: By Therapeutic Area Type  

Based on the therapeutic area type, the market is segmented as hormone replacement, pain management, dermatology applications, specialty drugs, nutritional supplements, and others. The hormone replacement segment is estimated to witness good growth due to the increasing hormonal imbalance in women.

Compounding Pharmacies Market Share: By Product Type  

Based on the product type, the market is segmented as oral, topical, rectal, parenteral, nasal, ophthalmic, and optic. The parenteral segment is likely to grow at the highest CAGR during the forecast period, as the increasing number of patients with different chronic conditions, including cancer and diabetes are opting for parenteral administration.

Compounding Pharmacies Market Share: By Application Type  

Based on the application type, compounding pharmacies market is segmented as pediatric, adult, geriatric, and veterinary. The adult segment would continue to dominate the market in the coming years as well, driven by the ability of compounding pharmacies to increase the ease of medication among adults which is facing difficulty in swallowing.

Compounding Pharmacies Market Share: By Sterility Type  

Based on the sterility type, compounding pharmacies market is segmented sterile and non-sterile. The non-sterile segment is likely to witness excellent growth in the coming years, driven by the increasing demand for non-sterile medication such as syrups, capsules, and pills.

Compounding Pharmacies Market Share: By Distribution Channel Type

Based on the distribution channel type, the market is segmented as hospital pharmacy, compounding pharmacy, and others. The hospital pharmacy segment dominated the market in 2019, driven by the surging hospital admissions.  

Compounding Pharmacies Market Share: By Region

In terms of regions, Europe is estimated to be the largest market, whereas Asia-Pacific would be the fastest-growing region for the compounding pharmacies market during the forecast period. Favorable reimbursement policies and the growing acceptance of compounding medication in Europe will foster the region’s overall growth. Also, technological advancements, presence of leading players, and well-established healthcare facilities will further contribute towards good growth of the market.

Know which region offers best growth opportuities. Register Here

Some of the major players in the compounding pharmacies market are-

• Athenex Inc.
• B. Braun Melsungen AG
• Clinigen Group plc
• Dougherty's Holdings, Inc.
• Fagron, Inc.
• Fresenius Kabi AG
• Institutional Pharmacy Solutions, LLC
• Lorraine’s Pharmacy
• McGuff Company, Inc.
• Pencol Compounding Pharmacy.

Market Scope & Segmentation

In pharmacy, compounding is the creation of a particular pharmaceutical product to meet the unique needs of a particular patient. Compounded medications are made for specific patients. The conventional role of compounding pharmacies is to prepare drugs as prescribed by doctors for individual patients with needs that can't be met by the drugs that are commercially available.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The compounding pharmacies market is segmented into the following categories. 

Compounding Pharmacies Market Size, Share, & Forecast, by Therapeutic Area Type:

• Hormone Replacement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pain Management (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Dermatology Applications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Specialty Drugs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nutritional Supplements (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Product Type:

• Oral
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Solid preparations and Liquid preparations)
• Topical
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Ointments, Creams, Gels, Pastes, and Others)
• Rectal
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Suppositories, Enema, and Others)
• Parenteral
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: LVP and SVP)
• Nasal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ophthalmic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Optic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Application Type:

• Pediatric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Adult (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Geriatric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Veterinary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Compounding Type:

• Pharmaceutical Ingredient Alteration (PIA) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Currently Unavailable Pharmaceutical Manufacturing (CUPM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pharmaceutical Dosage Alteration (PDA) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Sterility Type:

• Sterile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-sterile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Distribution Channel Type:

• Hospital Pharmacy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compounding Pharmacy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Compounding Pharmacies Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].