The Global Compounding Pharmacies Market was Worth USD 10.82 Billion in 2022 and is Estimated to Grow to USD 20.32 Billion by 2030, with a CAGR of Approximately 8.2 % over the Forecast Period From 2023 To 2030.
Compounding Pharmacies Market Overview
Drug compounding is the process of combining, blending, or altering ingredients to provide a medication tailored to the needs of a certain patient. Compounding is the practice of combining two or more drugs. In dermatology, compounded medications are routinely used to improve treatment outcomes by focusing on a specific chemical mixture. Synthetic medications are also a source of treatment during national prescription shortages. The size of the worldwide compounding pharmacies market is predicted to rise. This is due to the rise in chronic disease prevalence, population aging, and increased life expectancy. Compounding pharmacy industry trends such as rising drug failure rates and severe global drug scarcity contribute to market growth. However, it’s projected that tighter regulations on the production of complex formulations will restrain the market’s expansion for compounding pharmacies. On the other hand, over the projection period for the compounding pharmacy market, the growth potential of emerging economies is anticipated to present lucrative opportunities for the main participants.
COVID-19 Impact:
The COVID-19 pandemic increased drug demand and decreased the manufacturing capacity of commercially available medications, favoring the compounding pharmacy sector. The International Academy of Compounding Pharmacists (IACP) CEO claims that compounding pharmacists now play a broader range of roles, such as ensuring patients’ ongoing access to medications. For instance, the FDA issued guidelines regarding the compounding of specific medications for hospitalized patients by federal facilities and state-licensed pharmacies, including health systems and hospital pharmacies, during the period of the public health emergency due to a shortage of the medications required to treat patients. Therefore, the business of compounding pharmacies saw more chances as a result of medicine scarcity. Additionally, due to a shortage of drugs needed for patient treatment, FDA issued a temporary guidance policy to federal facilities and state-licensed pharmacies, including hospital pharmacies and compounding pharmacies, for compounding specific medications for hospitalized patients for the duration of the public health emergency.
Market Drivers
The market for compounding pharmacies is growing due to the rising demand for hormone replacement therapy (HRT) medications caused by the availability of APIs in various doses. The rise in the elderly population and the use of social media have motivated people to choose hormone replacement therapy. The demand for HRT medications increases as breast and prostate cancer rates rise. Progesterone, estrogen, testosterone, and estradiol are a few examples of the active chemicals in HRT medications. The demand for customized HRT medications is growing as people become more concerned with their sexual health. A larger need for hormones like progesterone results from operations like hysterectomy and testosterone replacement following andropause, which occurs more frequently. Consequently, the demand for HRT medications is driven by the accelerated aging of young people by high amounts of stress and a fast-paced lifestyle. This is expected to open up profitable opportunities for market participants in compounding pharmacies.
Restraints
The development of the global market for compounding pharmacies is anticipated to be hampered by growing constraints on the production of complex formulas. For instance, the U.S. FDA warned that prescribing combination medications with the active pharmaceutical ingredient (API) acetaminophen in doses greater than 325 mg may injure some patients’ livers. As a result, it prohibits compounding pharmacies from producing several different types of medications, including replicas of FDA-approved prescription drugs even if they are listed on the FDA’s shortage list, as well as complicated dosage forms like extended-release products, transdermal patches, liposomal products, and the majority of biologics.
Segmentation
The global compounding pharmacies market has been segmented into the therapeutic area, route of administration, and sterility.
- Based on the therapeutic area, the global compounding pharmacies market is divided into pain management, hormone replacement, dermal disorder, nutritional supplement, and others. The segment that contributed the most to revenue in 2021 was pain management, and it is projected that this trend will hold throughout the forecast period. This is brought on by a growth in the geriatric population, an increase in surgical operations, and a rise in healthcare costs. On the other hand, the other segment is anticipated to see the quickest market expansion rate during the forecast period. An increase in cancer cases and neurological illnesses brings this on.
- Based on the route of administration, the market is classified into oral, topical, and others. The oral category accounted for the largest share in 2021. is because there are so many different types of oral medications available. For ages, the most common and convenient way to deliver medication has been oral. Oral medications come in a wide range of forms, including granules, powders, pills, and capsules, all of which are simple for customers to use and store.
Regional Landscape
- North America dominated the global compounding pharmacies market in 2021. Increased healthcare spending power, increased healthcare facilities, high regional awareness of compounded drugs, and numerous market participants all favor the industry’s growth. The market for compounding pharmacies is also growing because more compounding pharmacies are available and more people are becoming aware of the advantages of custom-made pharmaceuticals.
Competitive Landscape
- Some of the major competitors dominating the global compounding pharmacies market include- Advanced Pharmacy, Athenex Pharma Solutions, B. Braun Melsungen AG, Dougherty’s Pharmacy, Inc., Fresenius SE, and Co. KGaA, Institutional pharmacy solutions, ITC compounding pharmacy, McGuff Companies, Inc., Nephron pharmaceuticals, New Compounding Pharma, Olympia Compounding Pharmacy, Panacea Biomatx Inc (Triangle Compounding Pharmacy), Pencil compounding pharmacy, Perrigo Company Plc (Fagron), Rx express compounding pharmacy, RX3 compounding pharmacy, Valor Compounding Pharmacy.
Recent Developments
- May 2021: Slade Health, a division of Icon Group, and the Auckland District Health Board (ADHB) agreed to a long-term partnership to supply sterile compounding services to fulfill the expanding demands of cancer patients. Through this deal, a top-notch GMP (Medsafe)-registered sterile compounding plant would be built and run, providing chemotherapy, antibiotics, analgesics, and nutritional infusions for public and private hospitals throughout New Zealand.
The Global Compounding Pharmacies Market is segmented as follows:
Compounding Pharmacies Market by Therapeutic Area Outlook (Revenue, USD Million, 2017 – 2030)
- Pain Management
- Hormone Replacement Therapy
- Dermal Disorders
- Nutritional Supplements
- Others
Compounding Pharmacies Market by Route of Administration Outlook (Revenue, USD Million, 2017 – 2030)
- Oral
- Topical
- Others
Compounding Pharmacies Market by Sterility Outlook (Revenue, USD Million, 2017 – 2030)
- Non-Sterile Compounding Drugs
- Sterile Compounding Drugs
Compounding Pharmacies Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Compounding Pharmacies Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2022 | USD 10.82 billion |
| Revenue Forecast in 2030 | USD 20.30 billion |
| Growth Rate | CAGR of 8.2 % from 2023 to 2030 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 – 2022 |
| Forecast Years | 2023 – 2030 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
| Report Coverage | Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered | Therapeutic Area, Route of Administration, Sterility, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled | Advanced Pharmacy, Athenex Pharma Solutions, B. Braun Melsungen AG, Dougherty’s Pharmacy, Inc., Fresenius SE, and Co. KGaA, Institutional pharmacy solutions, ITC compounding pharmacy, McGuff Companies, Inc and Others |
Table of Content
Compounding Pharmacies Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Therapeutic Area
1.4.2. Route of Administration
1.4.3. Sterility
Chapter 2. Compounding Pharmacies Market Overview
2.1. Introduction
2.2. Analysis by Therapeutic Area, 2017-2030 (US$ Billion)
2.3. Analysis by Route of Administration, 2017-2030 (US$ Billion)
2.4. Analysis by Sterility, 2017-2030 (US$ Billion)
2.5. Market Analysis by Region, 2017-2030 (US$ Billion)
Chapter 3. Compounding Pharmacies Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Therapeutic Areas
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Therapeutic Area
3.6.2. Route of Administration
3.6.3. Sterility
3.6.4. Region
3.7. Value Chain Analysis
Chapter 4. Compounding Pharmacies Market Competition Analysis
4.1. Compounding Pharmacies Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Compounding Pharmacies Market Analysis by Therapeutic Area, Sterility, and Route of Administration, 2017-2030 (US$ Billion)
5.1. Therapeutic Area
5.1.1. Global Compounding Pharmacies Market Share, by Therapeutic Area, 2021 and 2030
5.1.2. Global Compounding Pharmacies Market Revenue, by Therapeutic Area, 2017-2030 (US$ Billion)
5.1.3. By Pain Management Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Hormone Replacement Therapy Market Analysis 2017-2030 (US$ Billion)
5.1.5. By Dermal Disorders Market Analysis 2017-2030 (US$ Billion)
5.1.6. By Nutritional Supplements Market Analysis 2017-2030 (US$ Billion)
5.2. Route of Administration
5.2.1. Market Share, by Route of Administration, 2021 and 2030
5.2.2. Market Revenue, by Route of Administration, 2017-2030 (US$ Billion)
5.2.3. By Oral Market Analysis 2017-2030 (US$ Billion)
5.2.4. By Topical Market Analysis 2017-2030 (US$ Billion)
5.2.5. By Others Route of Administration Market Analysis 2017-2030 (US$ Billion)
5.3. Sterility
5.3.1. Market Share, by Sterility, 2021 and 2030
5.3.2. Market Revenue, by Sterility, 2017-2030 (US$ Billion)
5.3.3. By Non-Sterile Compounding Drugs Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Sterile Compounding Drugs Market Analysis 2017-2030 (US$ Billion)
Chapter 6. Global Compounding Pharmacies Market Therapeutic Area Analysis by Region, 2017-2030 (US$ Billion)
6.1. Pain Management Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Hormone Replacement Therapy Market Analysis 2017-2030 (US$ Billion)
6.3. Dermal Disorders Market Analysis 2017-2030 (US$ Billion)
6.4. Nutritional Supplements Market Analysis 2017-2030 (US$ Billion)
6.5. Other Therapeutic Areas Market Analysis 2017-2030 (US$ Billion)
Chapter 7. Global Compounding Pharmacies Market Route of Administration Analysis by Region, 2017-2030 (US$ Billion)
7.1. Oral Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Topical Market Analysis 2017-2030 (US$ Billion)
7.3. Others Route of Administration Market Analysis 2017-2030 (US$ Billion)
Chapter 8. Global Compounding Pharmacies Market Sterility Analysis by Region, 2017-2030 (US$ Billion)
8.1. Non-Sterile Compounding Drugs Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Sterile Compounding Drugs Market Analysis 2017-2030 (US$ Billion)
Chapter 9. Compounding Pharmacies Market Analysis by Geography, 2017-2030 (US$ Billion)
9.1. North America Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.1.1. U.S. Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.1.1.1. Therapeutic Area
9.1.1.2. Route of Administration
9.1.1.3. Sterility
9.1.2. Canada Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.1.3. Mexico Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2. Europe Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.1. UK Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.1.1. Therapeutic Area
9.2.1.2. Route of Administration
9.2.1.3. Sterility
9.2.2. France Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.3. Germany Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.4. Spain Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.5. Russia Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.6. Italy Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.2.7. Rest of Europe Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3. Asia Pacific Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.1. China Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.1.1. Therapeutic Area
9.3.1.2. Route of Administration
9.3.1.3. Sterility
9.3.2. Japan Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.3. South Korea Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.4. India Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.5. Australia Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.6. Southeast Asia Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.7. Taiwan Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.3.8. Rest of Asia Pacific Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.4. Latin America Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.4.1. Brazil Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.4.1.1. Therapeutic Area
9.4.1.2. Route of Administration
9.4.1.3. Sterility
9.4.2. Argentina Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.4.3. Rest of Latin America Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5. Middle East Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5.1. Israel Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5.1.1. Therapeutic Area
9.5.1.2. Route of Administration
9.5.1.3. Sterility
9.5.2. Turkey Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5.3. Saudi Arabia Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5.4. UAE Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.5.5. Rest of Middle East Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.6. Africa Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.6.1. Egypt Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.6.1.1. Therapeutic Area
9.6.1.2. Route of Administration
9.6.1.3. Sterility
9.6.2. South Africa Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
9.6.3. Rest of Africa Compounding Pharmacies Market Analysis 2017-2030 (US$ Billion)
Chapter 10. Company Profiles
10.1. Advanced Pharmacy
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Athenex Pharma Solutions
10.3. B. Braun Melsungen AG
10.4. Dougherty’s Pharmacy Inc
10.5. Fresenius SEand Co.
10.6. KGaA
10.7. Institutional pharmacy solutions LLC
10.8. ITC compounding pharmacy
10.9. McGuff CompaniesInc
10.10. Nephron pharmaceuticals
10.11. New Compounding Pharma
10.12. Olympia Compounding Pharmacy
10.13. Panacea Biomatx Inc (Triangle Compounding Pharmacy)
10.14. Pencil Compounding Pharmacy
10.15. Perrigo Company Plc (Fagron)
10.16. Rx Express Compounding Pharmacy
10.17. RX3 Compounding Pharmacy
10.18. Valor Compounding Pharmacy
Chapter 11. COVID-19 Impact Analysis
11.1. Global Compounding Pharmacies Market, 2020 – 2030, Pre-V/S Post COVID 19
11.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Compounding Pharmacies Market Size In 2022, By Scenario
11.3. Impact on Supply Chain and Production in Compounding Pharmacies Market
11.4. Impact on Import and Export
Chapter 12. Import-Export Analysis
12.1. North America Compounding Pharmacies Import-Export, 2017 – 2021
12.2. Europe Compounding Pharmacies Import-Export, 2017 – 2021
12.3. Asia Pacific Compounding Pharmacies Import-Export, 2017 – 2021
12.4. Latin America Compounding Pharmacies Import-Export, 2017 – 2021
12.5. Middle East America Compounding Pharmacies Import-Export, 2017 – 2021
12.6. Africa Compounding Pharmacies Import-Export, 2017 – 2021
Chapter 13. Compounding Pharmacies Marketing Channel Analysis
13.1. Marketing Channel
13.1.1. Direct Marketing
13.1.2. Indirect Marketing
13.1.3. Development Trend
13.2. Market Positioning
Chapter 14. Compounding Pharmacies Manufacturing Cost Analysis
14.1. Key Raw Materials
14.2. Key Raw Material Suppliers
14.3. Market Concentration Rate
14.4. Manufacturing Cost Structure
14.5. Process Analysis
Chapter 15. Conclusion
Compounding Pharmacies Market by Therapeutic Area Outlook (Revenue, USD Million, 2017 – 2030)
- Pain Management
- Hormone Replacement Therapy
- Dermal Disorders
- Nutritional Supplements
- Others
Compounding Pharmacies Market by Route of Administration Outlook (Revenue, USD Million, 2017 – 2030)
- Oral
- Topical
- Others
Compounding Pharmacies Market by Sterility Outlook (Revenue, USD Million, 2017 – 2030)
- Non-Sterile Compounding Drugs
- Sterile Compounding Drugs
