Press release
Compounding Pharmacy Market Size to Register 12200 Million USD by 2024 - by Top Key Players: Fagron, Wedgewood Pharmacy, CAPS, Fresenius Kabi, Advanced Pharma, PharMEDium Services, Cantrell Drug, Doughertys Pharmacy, Institutional Pharmacy Solutions, Lorr
Compounding Pharmacy Market
The global Compounding Pharmacy market is valued at 10300 million in 2018 and is expected to reach 12200 million by the end of 2024, growing at a CAGR of 2.9% between 2019 and 2024.
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Market Segment by Companies, this report covers
• Fagron
• Wedgewood Pharmacy
• CAPS
• Fresenius Kabi
• Advanced Pharma
• PharMEDium Services
• Cantrell Drug
• Doughertys Pharmacy
• Institutional Pharmacy Solutions
• Lorraine's Pharmacy
• Triangle Compounding Pharmacy
• Village Compounding Pharmacy
• Olympia Pharmacy
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.
Compounded medications are made based on a practitioners 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 patients specific needs.
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.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Compounding Pharmacy.
Europe also play important roles in global market, with market size of xx million in 2019 and will be xx million in 2024, with a CAGR of xx%.This report studies the Compounding Pharmacy market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Compounding Pharmacy market by product type and applications/end industries.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Pharmaceutical Ingredient Alteration (PIA)
Pharmaceutical Application Alteration (PAA)
Currently Unavailable Pharmaceutical Manufacturing (CUPM)
Pharmaceutical Dosage Alteration (PDA)
Specialized Animal Pharmaceutical Manufacturing (SAPM)
Market Segment by Applications, can be divided into
18 and Younger
19 to 44
45 to 64
65 and Older
Table of Contents
1 Compounding Pharmacy Market Overview
2 Manufacturers Profiles
3 Global Compounding Pharmacy Market Competition, by Players
4 Global Compounding Pharmacy Market Size by Regions
5 North America Compounding Pharmacy Revenue by Countries
6 Europe Compounding Pharmacy Revenue by Countries
7 Asia-Pacific Compounding Pharmacy Revenue by Countries
8 South America Compounding Pharmacy Revenue by Countries
9 Middle East and Africa Revenue Compounding Pharmacy by Countries
10 Global Compounding Pharmacy Market Segment by Type
11 Global Compounding Pharmacy Market Segment by Application
12 Global Compounding Pharmacy Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
Complete report at https://www.marketstudyreport.com/reports/global-compounding-pharmacy-market-2019-by-company-regions-type-and-application-forecast-to-2024?utm_source=openpr.com&utm_medium=Abhijeet
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