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U.S. Compounding Pharmacies market illuminated by new report

Industrial and Manufacturing

U.S. Compounding Pharmacies Market size to exceed USD 7 bn by 2025

U.S. Compounding Pharmacies Market size is set to exceed USD 7 billion by 2025; according to a new research report by Global Market Insights, Inc. Rise in the number of baby boomers susceptible to various chronic and non-communicable disease will render positive impact in the market growth.

Ability of compounding pharmacies to formulate liquid dosage for patients with difficulty in swallowing pills and combine certain prescriptions into single dose enables patients to avoid administration of multiple doses. However, safety issues pertaining to compounded drugs coupled with continuously changing regulatory scenario may hamper the adoption of compounded medication thereby rendering negative impact on the business growth.

Growing prevalence of chronic diseases in the U.S. such as cancer, diabetes, cardiovascular disease, respiratory diseases and obesity will drive the U.S.

compounding pharmacies market growth over the forecast period. Increasing drug shortage in the country due to production delays and unavailability of previously manufactured drugs in the market will surge the demand of compounded drugs.

Timely availability of compounded drugs in the treatment of cardiac or other emergency conditions will thus foster the U.S. compounding pharmacies industry growth.

Report: www.gminsights.com/request…etail/2961

503B compounding pharmacy segment accounted for USD 2.5 billion in 2017 and is estimated to show lucrative growth over analysis period. The growth is attributable to the ability of these pharmacies to compound mass medication, thereby lowering production costs and increasing customer base.

Non-sterile segment held the highest share of 67.7% in 2017 owing to increasing adoption of oral medication that offers convenience and ease of administration in patients of all age groups. Growing demand for oral liquid preparation and topical medication for pain management and anti-inflammatory therapies will further propel segment growth.

Topical product segment is estimated to witness 5.3% CAGR over the analysis timeframe owing to increasing demand for topically administered drugs such as muscle relaxants, anti-inflammatories and anesthetics prescribed for pain management and inflammation therapy.

Pediatric application segment held 14.5% market share in 2017 and is estimated to grow significantly during the forthcoming years. Ability of compounding pharmacies to transform standard drugs into flavored dosage and colorful forms will increase its acceptance among the children thereby accelerating the segmental growth.
 
Report: www.gminsights.com/2961

Pharmaceutical ingredient alteration (PIA) segment accounted for USD 1.7 billion in 2017 owing to rising demand for drugs compounded in accordance with specific patient needs such as hypoallergenic versions of drugs for individuals allergic to certain dyes or preservatives.

Hormone replacement therapeutic segment is anticipated to show CAGR of 5.3% over the forecast period. Compounded hormone replacement therapy can be used specifically to suit individual body and hormone levels.

Growing awareness among women regarding compounded bioidentical menopausal hormone therapy (BMHT) will further spur the segment growth.

Some of the prominent players operating in U.S. compounding pharmacies market are Absolute Pharmacy, B.

Braun Medical, Baxter, Cantrell Drug Company, Central Compounding Center, Clinigen Group, Dougherty’s Pharmacy, Fagron, Fresenius Kabi, ICU Medical, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, McGuff Compounding Pharmacy Services, McKesson Corporation, Nephron Pharmaceuticals, Pencol Compounding Pharmacy, Pentec Health, PharMEDium, Premier Pharmacy Labs, Rx3 Compounding Pharmacy, RXQ Compounding Pharmacy, Triangle Compounding Pharmacies, Wedgewood Village Pharmacy and Wells Pharmacy Network. Key industry players are majorly focusing on mergers and acquisitions to broaden product portfolio and capture high revenue share.

U.S. Compounding Pharmacies Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

U.S. compounding pharmacies market, by pharmacy type

  • 503A compounding pharmacy
  • 503B compounding pharmacy

U.S. compounding pharmacies market, by sterility

  • Sterile
  • Non-sterile

U.S. compounding pharmacies market, by product

  • Oral
    • Solid preparations
      • Tablets
      • Capsules
      • Granules
      • Powder
      • Others
    • Liquid preparations
      • Solutions
      • Suspension
      • Emulsion
      • Syrup
      • Others
  • Topical
    • Ointments
    • Creams
    • Gels
    • Pastes
    • Others
  • Rectal
    • Suppositories
    • Enema
    • Others
  • Parenteral
    • Large volume parenteral (LVP)
    • Small volume parenteral (SVP)
  • Nasal
  • Ophthalmic
  • Otic

U.S. compounding pharmacies market, by application

  • Pediatric
  • Adult
  • Geriatric
  • Veterinary

U.S. compounding pharmacies market, by compounding type

  • Pharmaceutical Ingredient Alteration (PIA)
  • Currently Unavailable Pharmaceutical Manufacturing (CUPM)
  • Pharmaceutical Dosage Alteration (PDA)
  • Others

U.S. compounding pharmacies market, by therapeutic area

  • Hormone Replacement
  • Pain Management
  • Dermatology
  • Specialty Drugs
  • Nutritional Supplements
  • Others

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Global Market Insights - global market research and management consultingGlobal Market Insights
Category: Market Research Publishers and RetailersCompany about: Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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