Compounded medications are made based on a practitioner’s prescription in which individual ingredients are mixed together in the exact strength and dosage form required by the patient. This method allows the compounding pharmacist to work with the patient and the prescriber to customize a medication to meet the patient’s specific needs. —
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The traditional role of compounding pharmacies is to make drugs prescribed by doctors for specific patients with needs that can't be met by commercially available drugs. For example:
A young child may need a small, liquid dose of a drug made only in adult-dosage tablets.
A person may be allergic to one of the ingredients in the commercial version of a drug.
A compounding pharmacy would make the proper dosage and form of the drug without any offending ingredients.
The classification of Compounding Pharmacy includes pharmaceutical ingredient alteration (PIA), pharmaceutical application alteration (PAA), currently unavailable pharmaceutical manufacturing (CUPM), pharmaceutical dosage alteration (PDA) and specialized animal pharmaceutical manufacturing (SAPM), the proportion of Pharmaceutical ingredient alteration (PIA) in 2017 is about 34%.
Compounding Pharmacy is widely used for consumers aged 18 and younger, consumers aged 19 to 44, consumers aged 45 to 64, consumers aged 65 and older. The most proportion of compounding pharmacy is consumers aged 45 to 64, and the proportion in 2017 is 40.7%.
North America is the largest market for compounding pharmacy, with a market share nearly 57% in 2017. Following North America, Europe is the second largest market with the consumption market share of 25%.
Market competition is not intense Fagron, Wedgewood Pharma, CAPS, Fresenius Kabi, Advanced Pharma, PharMEDium Services are the leaders of the industry, with high-end customers in the industry.
In 2018, the global Compounding Pharmacy market size was 10300 million US$ and it is expected to reach 12800 million US$ by the end of 2025, with a CAGR of 2.8% during 2019-2025.
The report focuses on the global Compounding Pharmacy market status, future opportunities, growth analysis, key drivers and top players. The study objectives are to present the Compounding Pharmacy development in United States, Europe and China.
The key players from Compounding Pharmacy market covered in this study are Fagron, Wedgewood Pharmacy, CAPS, Fresenius Kabi, Advanced Pharma, PharMEDium Services, Cantrell Drug, Dougherty’s Pharmacy, Institutional Pharmacy Solutions, Lorraine's Pharmacy, Triangle Compounding Pharmacy, Village Compounding Pharmacy, Olympia Pharmacy. It also provides analysis by Region such as United States, Europe, China, Japan, Southeast Asia, India, Central & South America.
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Market analysis done by Product types like Pharmaceutical Ingredient Alteration (PIA), Pharmaceutical Application Alteration (PAA), Currently Unavailable Pharmaceutical Manufacturing (CUPM), Pharmaceutical Dosage Alteration (PDA), Specialized Animal Pharmaceutical Manufacturing (SAPM) and by Application like 18 and Younger, 19 to 44, 45 to 64, 65 and Older.
The study objectives of this report are:
To analyze global Compounding Pharmacy status, future forecast, growth opportunity, key market and key players.
To present the Compounding Pharmacy development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
Major Points from Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
9 Southeast Asia
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst's Viewpoints/Conclusions
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Release ID: 494611