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U.S. Compounding Pharmacies Market Competitive Analysis till 2025: Absolute Pharmacy, B. Braun Medical, Cantrell Drug Company, Clinigen Group, Dougherty’s Pharmacy, Fagron, Fresenius Kabi, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, McGuff

01-08-2019 05:40 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

U.S. Compounding Pharmacies Market Trends Statistics Report 2025

U.S. Compounding Pharmacies Market Trends Statistics Report 2025

U.S. Compounding Pharmacies Market size was valued over USD 4.5 billion in 2017 and is expected to witness more than 5% CAGR from 2018 to 2025.

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.

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Some of the leading industry players include :-

1. Absolute Pharmacy
2. B. Braun Medical
3. Cantrell Drug Company
4. Clinigen Group
5. Dougherty’s Pharmacy
6. Fagron
7. Fresenius Kabi
8. Institutional Pharmacy Solutions
9. Lorraine’s Pharmacy
10. McGuff Compounding Pharmacy Services
11. McKesson Corporation
12. Nephron Pharmaceuticals
13. Pencol Compounding Pharmacy
14. Pentec Health
15. PharMEDium
16. Premier Pharmacy Labs
17. Rx3 Compounding Pharmacy
18. RXQ Compounding Pharmacy
19. Triangle Compounding Pharmacies
20. Wedgewood Village Pharmacy
21. Wells Pharmacy Network

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.

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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.

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.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. U.S. compounding pharmacies industry 3600 synopsis, 2014 - 2025

Chapter 3. U.S. Compounding Pharmacies Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing geriatric population and improved longevity
3.3.1.2. Growing acceptance of personalized medicines
3.3.1.3. Increasing drug shortage in the country
3.3.1.4. Convenience of using compounded drugs
3.3.1.5. Growing demand for compounded bioidentical menopausal hormone therapy (BMHT) among women
3.3.2. Industry pitfalls & challenges
3.3.2.1. Changing regulatory specifications
3.3.2.2. Issues related to safety standards of compounded drugs
3.4. Growth potential analysis
3.4.1. By pharmacy type
3.4.2. By sterility
3.4.3. By product
3.4.4. By application
3.4.5. By compounding type
3.4.6. By therapeutic area
3.5. Regulatory landscape
3.6. Reimbursement landscape
3.7. Innovative compounding technologies
3.7.1. Web-based quality management system
3.7.2. Digital tools
3.8. Porter’s analysis
3.9. Competitive landscape, 2017
3.9.1. Strategy dashboard
3.10. PESTEL analysis

Chapter 4. U.S. Compounding Pharmacies Market, By Pharmacy Type
4.1. U.S. compounding pharmacies market share, by pharmacy type, 2017 & 2025
4.2. 503A compounding pharmacy
4.2.1. U.S. compounding pharmacies market size, 2014 – 2025 (USD Mn)
4.3. 503B compounding pharmacy
4.3.1. U.S. compounding pharmacies market size, 2014 – 2025 (USD Mn)

Chapter 5. U.S. Compounding Pharmacies Market, By Sterility
5.1. U.S. compounding pharmacies market share, by sterility, 2017 & 2025
5.2. Sterile
5.2.1. U.S. compounding pharmacies market size, 2014 – 2025 (USD Mn)
5.3. Non-sterile
5.3.1. U.S. compounding pharmacies market size, 2014 – 2025 (USD Mn)

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

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