Companies Profiled in U.S. Compounding Pharmacies Market are B. Braun Medical, Cantrell Drug Company, Inc., Clinigen Group

Growing demand for compounded medicine will serve to be a key factor that will drive the U.S. compounding pharmacies market growth. Convenience and benefits offered by compounding pharmacies such as ability to compound medications that are not produced commercially or formulate liquid doses for patient with difficulty in swallowing pills will increase the adoption of compounded drugs. Customized medication prepared by compounding pharmacies can thus provide better health outcomes for majority of patients, thereby augmenting the compounding pharmacies industry size.

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Oral segment dominated the U.S. compounding pharmacies product segment with more than USD 1.4 billion revenue in 2017. The high market value is attributable to increasing demand for oral medication in the treatment of pain management. Furthermore, growing preference for liquid oral medication over other dosage forms due to associated convenience and ease of administration, especially among the pediatric and geriatric patient population will foster segmental growth.

Critical and fatal healthcare related infections caused due to maladministration of adulterated compounded medication may have a negative influence on the industry growth. In October 2012 for example, the United States encountered the most severe outbreak associated with contaminated compounded drugs, as a pharmacy in Massachusetts dispatched compounded drugs contaminated with fungus throughout the nation, which were later injected into patients’ joints and spines. As per reports, more than 750 people in 20 states developed fungal infections, and more than 60 people died. The U.S. FDA, since then, has been extra vigilant and rather proactive with regards to mandating norms for ensuring that contaminated compounded drugs are not circulated among the masses.

Citing yet another instance, healthcare frauds associated with compounded drugs had become rather commonplace a few years back, In 2014 and 2015 for example, the United States Postal Service incurred USD 81.8 million in excessive workers’ compensation costs for compounded medications, attributed in part to fraud. In order to avoid such frauds and ensure patient safety, the U.S. FDA undertook a multipronged approach that involved enhancing information about compounded topical pain creams, inspecting compounding facilities, seeking input from medical professionals, and inspecting operations that not registered as outsourcing facilities.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Braun Medical
• Fresenius Kabi
• Fagron
• Cantrell Drug Company, Inc.
• Clinigen Group
• Dougherty's Pharmacy, Inc.
• McKesson Corporation
• Nephron Pharmaceuticals
• Pentec Health
• PharMEDium Services
• Wells Pharmacy Network

Parenteral product segment held significant revenue share in 2017 and is estimated to witness a considerable CAGR of 5.3% owing to benefits offered by parenteral medication including rapid onset of action and quick localized drug delivery. Moreover, growing demand for compounded parenteral nutrition (PN) such as two-in-one compounded PN, two premixed chamber PN and three premixed chamber PN will spur the market size over the forecast period. However, requirement of skilled persons for administration and stringent regulations may limit the segmental growth.

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Pharmaceutical ingredient alteration (PIA) segment accounted for USD 1.7 billion in 2017 and is estimated to show robust growth during the forthcoming years. Individuals allergic to a common preservative or additive require hypoallergenic versions of drugs that are commercially unavailable. This will increase the demand for drugs compounded by altering certain pharmaceutical ingredients thereby propelling the business growth.

U.S. compounding pharmacies market, by pharmacy type
• 503A compounding pharmacy
• 503B compounding pharmacy

U.S. compounding pharmacies market, by sterility
• Sterile
• Non-sterile

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