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  • Published On : Sep 2022
  • Code : CMI3199
  • Industry : Pharmaceutical
  • Pages : 190
  • Formats :

The process of combining, blending, or changing substances to make a treatment specific to the requirements of a particular patient is known as drug compounding. Combining two or more medications is referred to as compounding. In dermatology, compounded drugs are frequently utilised to aid improve therapy outcomes by the targeted activities of a particular chemical combination. Additionally, amid national drug shortages, compounded drugs serve as a source of medication.

Global compounding pharmacies market is estimated to be valued at US$ 10,127.9 million in 2022 and is expected to exhibit a CAGR of 5.7 % during the forecast period (2022-2030).

Figure 1. Global Compounding Pharmacies Market Share (%), by Therapeutic Area, 2022

Compounding Pharmacies  | Coherent Market Insights

Global shortage of essential drugs is expected to boost growth of the global compounding pharmacies market over the forecast period.

Global shortage of essential drugs is expected to boost growth of the global compounding pharmacies market over the forecast period. For instance, according to the Department of Health and Social Care (DHSC)is the UK government department responsible for government policy on health and adult social care matters in England, along with a few elements of the same matters which are not otherwise devolved to the Scottish Government, Welsh Government or Northern Ireland Executive ,stated that in November 2019, National Health Service (NHS) which is the publicly funded healthcare system in England, and one of the four National Health Service systems in the United Kingdom was facing shortage' of lifesaving drugs that include treatments for cancer, heart conditions, and epilepsy.

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Compounding Pharmacies Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 10,127.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.7 % 2030 Value Projection: US$ 15,775.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Oral (Capsule, Tablets, Mixtures, Lollipops, Lozenges), Topical (Gels, Ointments, Cream, Lotions), Rectal, Parenteral, Nasal, Ophthalmic, Mouthwashes
  • By Therapeutic Area: Pain Management, Hormone Replacement Therapy (HRT), Dermatology, Specialty Drugs
  • By Application: Pediatric, Adults, Geriatric, Veterinary
Companies covered:

Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, Institutional Pharmacy Solutions, Cantrell Drug Company,Triangle Compounding Pharmacies, Lorraine’s Pharmacy, Rx3 Compounding Pharmacy ,B Braun Melsungen AG, Clinigen Group PLC, QuVa Pharma, ITC Compounding Pharmacy, and Advanced Pharmacy.

Growth Drivers:
  • Global shortage of essential drugs
  • Increasing prevalence of chronic diseases 
Restraints & Challenges:
  • Increasing restrictions on manufacturing of complex formulations
  • Increasing product recall

Figure 2. Global Compounding Pharmacies Market Share (%), by Application, 2022

Compounding Pharmacies  | Coherent Market Insights

Increasing prevalence of chronic diseases is expected to boost growth of the global compounding pharmacies market over the forecast period.

Increasing prevalence of chronic diseases is expected to boost growth of the global compounding pharmacies market over the forecast period. For instance, according to the World Health Organization, 8.1 million new cases of cancer and 9.6 million deaths due to the disease were recorded in 2018.

Global Compounding Pharmacies Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets.

The COVID-19 pandemic resulted in increased demand for drugs and decreased manufacturing capacity of commercially available medications, both of which had a favorable effect for the compounding pharmacy sector. For instance, due to a shortage of medications needed to treat patients, the U.S. Food and Drug Administration (FDA) issued guidance regarding the compounding of specific medications for hospitalized patients by Federal facilities and State-licensed pharmacies, including health system and hospital pharmacies, during the period of the public health emergency.

Global Compounding Pharmacies Market: Key Developments

Key players in market are focused on geographical expansion through mergers and acquisitions activities. For instance, in May 2019, Fagron which is a Healthcare comapny entered into an agreement to acquire Central de Drogas, S.A. de C.V., a supplier of raw materials to compounding pharmacies and the pharmaceutical industry in Mexico.

In April 2019, Pentec Health, Inc., which provides patient-specific compounded sterile medications and complex in-home clinical services, added California to their list of 43 licensed states.

Global Compounding Pharmacies Market: Restraint

Increasing restrictions on manufacturing of complex formulations is expected to hinder growth of the global compounding pharmacies market. For instance, the U.S. FDA noted that compounding drugs containing Active Pharmaceutical Ingredient (API) acetaminophen in excess of 325mg, may lead to liver injuries in certain patients. Therefore, it restricts compounding pharmacies from manufacturing certain types of drugs that include copies of FDA-approved prescription drugs, even if they appear on FDA’s shortage list and complex dosage forms such as extended release products, transdermal patches, liposomal products, and most biologics.

Moreover, increasing product recall is also expected to hinder growth of market. For instance, in August 2019, the U.S. FDA requested recall of sterile compounded drug products produced by Pacifico National Inc. and dba AmEx Pharmacy.

Key Players

Major players operating in the  global compounding pharmacies market include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, Institutional Pharmacy Solutions, Cantrell Drug Company,Triangle Compounding Pharmacies, Lorraine’s Pharmacy, Rx3 Compounding Pharmacy ,B Braun Melsungen AG, Clinigen Group PLC, QuVa Pharma, ITC Compounding Pharmacy, and Advanced Pharmacy.

Compounded medications are prepared by compounding pharmacies to meet the needs of unique patients whose conditions cannot be treated by commercially accessible medications. The process of combining, blending, or changing substances to make a treatment specific to the requirements of a particular patient is known as drug compounding. Combining two or more medications is referred to as compounding. It may be essential to compound a drug for a patient who cannot be treated with an FDA-approved drug, such as one who has a dye allergy and needs a medication to be made without it, or a patient who is elderly or a child who is unable to swallow a tablet or capsule and needs a medication in a liquid dosage form. Hospitals, clinics, and other healthcare facilities' doctors occasionally provide patients compounded pharmaceuticals when an FDA-approved drug is not medically required to treat them.

Sometimes, when an Food and Drug Administration (FDA)-approved medication is not medically necessary to treat a patient, doctors in hospitals, clinics, and other healthcare institutions will give them compounded drugs. A compounding pharmacy is a specific type of pharmacy. They make medications for people who have certain medication needs or requirements.

Market Dynamics

Increasing geriatric population is expected to drive market growth over the forecast period. For instance, according to data published in February 2022, on International Association for the Study of Pain, which is an international learned society promoting research, education, and policies for the understanding, prevention, and treatment of pain, stated that, in 2021, about 50 million elder patients were suffering from chronic pain globally.

Key features of the study:

  • This report provides in-depth analysis of the global compounding pharmacies market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global compounding pharmacies market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, Institutional Pharmacy Solutions, Cantrell Drug Company, Triangle Compounding Pharmacies, Lorraine’s Pharmacy, Rx3 Compounding Pharmacy, B Braun Melsungen AG, Clinigen Group PLC, QuVa Pharma, ITC Compounding Pharmacy, and Advanced Pharmacy
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global compounding pharmacies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global compounding pharmacies market

Detailed Segmentation:

  • Global Compounding Pharmacies Market, By Product Type:
    • Oral
      • Capsule
      • Tablets
      • Mixtures
      • Lollipops
      • Lozenges
    • Topical
      • Gels
      • Ointments
      • Cream
      • Lotions
    • Rectal
    • Parenteral
    • Nasal
    • Ophthalmic
    • Mouthwashes
  • Global Compounding Pharmacies Market, By Therapeutic Area:
    • Pain Management
    • Hormone Replacement Therapy (HRT)
    • Dermatology
    • Specialty Drugs
  • Global Compounding Pharmacies Market, By Application:
    • Pediatric
    • Adults
    • Geriatric
    • Veterinary
  • Global Compounding Pharmacies Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Avella Specialty Pharmacy
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Central Admixture Pharmacy Services
    • Fagron
    • Fresenius Kabi AG
    • PharMEDium Services
    • Institutional Pharmacy Solutions
    • Cantrell Drug Company
    • Triangle Compounding Pharmacies
    • Lorraine’s Pharmacy
    • Rx3 Compounding Pharmacy
    • B Braun Melsungen AG
    • Clinigen Group PLC
    • QuVa Pharma
    • ITC Compounding Pharmacy
    • Advanced Pharmacy

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global compounding pharmacies market size is estimated to be valued at US$ 10,127.9 million in 2022 and is expected to exhibit a CAGR of 5.7% between 2022 and 2030.
Factors such as global shortage of essential drugs and increasing prevalence of chronic diseases are expected to drive growth of the market.
North America segment is the leading region segment in the market. 
The major factors hampering growth of the market include increasing restrictions on manufacturing of complex formulations and increasing product recall.
Major players operating in the market include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Fagron, Fresenius Kabi AG, PharMEDium Services, Institutional Pharmacy Solutions, Cantrell Drug Company,Triangle Compounding Pharmacies, Lorraine’s Pharmacy, Rx3 Compounding Pharmacy ,B Braun Melsungen AG, Clinigen Group PLC, QuVa Pharma, ITC Compounding Pharmacy, and Advanced Pharmacy.

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