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U.S. Compounding pharmacies market by Product Type (oral medication, Topical medication, Mouthwashes, Suppositories, Injectables), by Compounding Type (Pharmaceutical Ingredient Alteration, Currently Unavailable Pharmaceutical Manufacturing, Pharmaceutica

10-29-2020 08:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: i2i Research LLP

U.S. Compounding pharmacies market by Product Type (oral

The market in U.S. for Compounding pharmacies was valued at USD 4624.4 Million in 2018 and is expected to reach USD 6943.4 Million by 2026, growing at a CAGR of 5.2% during the forecast period. The market is witnessing growth due to the increasing demand of personalized medications and convenience of using compounded drugs. According to the IACP, there are 56,000 community-based pharmacies in the U.S. About half of them directly serve local patients and doctors.
It is estimated that around 7,500 compounding pharmacies specialize in what the IACP calls "advanced compounding services." Some 3,000 of these pharmacies make sterile products. FDA’s compounding program aims to protect patients from unsafe, ineffective, and poor-quality compounded drugs, while preserving access to lawfully-marketed compounded drugs for patients who have a medical need for them. However, lack of skilled lab technicians and pharmacists and stringent policies & norms by FDA may pose challenges to the growth of the market.
Key findings from the report
1. The oral medications segment dominated the U.S compounding pharmacies market by product type in 2018 with a share of 39.6% and is expected to account a share of 33.5% in 2026. High demand for easy to administer dosage forms such as capsules, oral liquids and granules will drive the growth of the segment.
2. The pharmaceutical ingredient alteration segment dominated the U.S. compounding pharmacies market by compounding type in 2018 with a share of 35.4% and is expected to account a share of 37.0% in 2026.
3. The adult segment dominated the U.S. compounding pharmacies market by application type in 2018 with a share of 48.4% and is expected to account a share of 51.0% in 2026.

Report Link
For more details on “U.S. Compounding pharmacies” Market Report:
https://i2iresearch.com/report/compounding-pharmacies-market-report-u-s-regional-industry-forecast-2019-2026/

What this report Offers

This report covers an in-depth analysis of the U.S. Compounding pharmacies market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.
There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of U.S. Compounding pharmacies market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

To avail a copy of the sample of the U.S. Compounding pharmacies Market Report:
https://i2iresearch.com/report/compounding-pharmacies-market-report-u-s-regional-industry-forecast-2019-2026/

Key Segmentations in this report
1. U.S. Compounding pharmacies Market, by Product Type
‒ Oral medication
‒ Topical medication
‒ Mouthwashes
‒ Suppositories
‒ Injectables
‒ Others
2. U.S. Compounding pharmacies Market, by Compounding Type
‒ Pharmaceutical Ingredient Alteration (PIA)
‒ Currently Unavailable Pharmaceutical Manufacturing
‒ Pharmaceutical Dosage Alteration (PDA)
3. U.S. Compounding pharmacies Market, by Application
‒ Pediatric
‒ Adult
‒ Geriatric
‒ Veterinary
4. U.S. Compounding pharmacies Market, by Sterility
‒ Sterile
‒ Non-sterile
5. U.S. Compounding pharmacies Market, by Pharmacy Type
‒ 503A
‒ 503B
6. U.S. Compounding pharmacies Market, by Therapeutic Area
‒ Hormone Replacement Therapy
‒ Pain Management
‒ Dermatology
‒ Oncology
‒ Hermatology
‒ Dental
‒ Others
For a detailed table of content of the U.S. Compounding pharmacies Market Report:
https://i2iresearch.com/report/compounding-pharmacies-market-report-u-s-regional-industry-forecast-2019-2026/

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