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Rapid Growth in Sterile Compounding Pharmacies Market: Expected to Reach $7.3 billion by 2029, with a CAGR of 6.7%
Sterile Compounding Pharmacies Market
What Is The Projected Market Size Of The Global Sterile Compounding Pharmacies Market And Its Growth Rate?
• The sterile compounding pharmacies market experienced significant growth and will rise from $5.34 billion in 2024 to $5.63 billion in 2025, propelled by a CAGR of 5.5%.
• This growth was due to patient safety concerns, the shift towards personalized medicine, home infusion therapies, clinical trials and investigational drugs, and support for rare diseases.
• Anticipation of further strong growth sees the market growing to $7.3 billion in 2029, with a CAGR of 6.7%.
• The rise is expected due to the increase in chronic diseases, aging population and healthcare needs, drug shortages and supply chain disruptions, advancements in precision medicine, and a higher emphasis on patient-centric care.
What Is Driving The Growth In The Sterile Compounding Pharmacies Market?
The surge in demand for personalized medicine is anticipated to propel the growth of the sterile compounding pharmacies market. Personalized medicine, which prevents, diagnoses, or treats disease using information about a person's genes or proteins, is seeing rising demand. Sterile compounding pharmacies play a vital role in providing these personalized medicines to patients in sterile environments, increasing treatment results, and boosting patient satisfaction and adherence. This growth is evidenced by a report published by the Personalized Medicine Coalition in 2022, showing that personalized medicines account for at least a quarter of new medication approvals.
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Who Are the Key Players Driving Sterile Compounding Pharmacies Market Growth?
Main players in the sterile compounding pharmacies market include:
• B. Braun SE
• PharMerica Corporation
• Fagron Group BV
• QuVa Pharma Inc.
• NewCo Pharma GmbH
• Medisca
• PharMEDium Healthcare Holdings Inc.
• Central Admixture Pharmacy Services (CAPS)
• SandsRx LLC
• LeeSar Inc.
• Avella Specialty Pharmacy
• Stokes Pharmacy Inc.
What Are The Key Trends In The Sterile Compounding Pharmacies Market?
Trends in the forecast period include:
• Automation and robotics integration
• Stringent regulatory compliance
• Personalized medicine and specialized compounds
• Shift to outsourced compounding services
• Technological advancements in aseptic techniques
What Are The Segments Of The Global Sterile Compounding Pharmacies Market?
Segments include:
• By Product: Injectables, Nasal, Ocular, Otic
• By Therapeutic Area: Hormone Replacement Therapy, Pain Management, Dermatology, Oncology, Hematology, Dental, Other Therapeutic Areas
• By Route Of Administrations: Intravenous, Intramuscular, Subcutaneous
• By End-Users: Adults, Pediatrics, Geriatrics, Veterinary
Which Region Leads The Sterile Compounding Pharmacies Market?
North America was the market leader in the sterile compounding pharmacies market in 2024. However, Asia-Pacific is projected as the fastest-growing region in the forecast period. Market coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sterile Compounding Pharmacies Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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