Compounding Pharmacy Market 2023-2027 | 2.7% CAGR and 13570 USD Million of Future Growth

PRESS RELEASE

Published July 18, 2023

Global “Compounding Pharmacy Market” 2023 | New Report | Pharma and Healthcare Global Industry | (115 Pages Report) Compounding Pharmacy Market it is the Largest Market in the Pharma and Healthcare Industry with Greatest Significant Growth in CAGR and the Future Prediction up to 2028. In this report evaluate the effects of increased worldwide inflation on market expansion, Analyze the consequences of the Russia-Ukraine conflict on the provision of its direct and indirect influence on the market, Comprehend the market's reaction to the COVID-19 pandemic and how it is adapting as the pandemic's impact subsides.

“According to the Market Research Report, the Compounding Pharmacy market is expected to surpass USD 13570 by 2028, which is an increase from its current value of USD 11220 in 2022. This growth is projected to have a compound annual growth rate (2.7%) between 2023 and 2028.” Ask for a Sample Report

In today's fast-paced business world, it's essential to stay informed about the latest trends and identify potential threats and opportunities to stay ahead of the competition. In this report, we will explore the importance of keeping up with key industry trends and provide tips on how you can quickly build competitive intelligence. For example, if you notice a growing demand for a particular product or service, you can adjust your offerings accordingly to our Compounding Pharmacy market research report. It also Recognize areas of growth and opportunities within the market, Aid decision-making using both historical and projected data, Formulate strategies based on anticipated future developments and attain a global perspective on market development.

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The following key players in the competitive landscape should be evaluated:

Several up-and-coming companies are constantly seeking innovative ways to attract more customers. These companies also invest in research and development to explore novel techniques.

PharMEDium Services
B. Braun Group
Fagron
Wedgewood Pharmacy
New Compounding Pharma
Medisca
Fresenius Kabi
Advanced Pharma
AIN GROUP
Nihon Chouzai
Sogo Medical
Dougherty’s Pharmacy
Apollo Pharmacy
Downing Labs
Qol Holdings
Olympia Pharmacy
PUMCH
Triangle Compounding Pharmacy
Peking University First Hospital
Affiliated Hospital of Guangdong Public Institution of Medicine
Lorraine's Pharmacy
PLAGH
Institutional Pharmacy Solutions
Ruijin Hospital
Belle Sante
Byculla PharmacyandStores
Royal Chemists
Village Compounding Pharmacy
Specialist Pharmacy

Global Compounding Pharmacy Market Overview:

The Compounding Pharmacy market in the Asia-Pacific, North-America, South-America, Europe, Middle East and South Africa and Asia Pacific region is projected to achieve a significant CAGR during the forecast period of 2022 to 2028.
Growth of CAGR: The Compounding Pharmacy market is expected to grow by approximately 2.7% during the period of 2022 to 2028.
Compounding Pharmacy Market Types: The global Compounding Pharmacy market is divided into segments, with PIA, PAA, CUPM, PDA, SAPM being the largest contributor to this market.
Compounding Pharmacy Market Applications: The Consumers Aged 18 and Younger, Consumers Aged 19 to 44, Consumers Aged 45 to 64, Consumers Aged 65 and Older segment was the leading contributor to the Compounding Pharmacy market in terms of applications, generating USD 11220 Million in 2022, and is projected to reach USD 13570 Million by 2028.

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Rising Demand in Compounding Pharmacy Market:

The global demand for Compounding Pharmacys is increasing every year due to the development of highly efficient and technologically advancements, such as PIA, PAA, CUPM, PDA, SAPM, which offer long-term functionality. This trend is fueling growth in the global Compounding Pharmacy market Size.

Competitive Landscape of Compounding Pharmacy Market:

Conducting a competitive analysis can provide valuable insights into businesses that are vying for the same target audience. This is crucial in establishing a competitive advantage that can generate consistent revenue. During the analysis, it is important to identify competitors based on their product lines or services as well as their market segments.

Market Analysis and Insight:

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 practitioner’s 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 patient’s specific needs.

Global Compounding Pharmacy key players include Fagron, Wedgewood Pharmacy, CAPS, Fresenius Kabi, Advanced Pharma, etc. Global top five manufacturers hold a share nearly 5%.

North America is the largest market, with a share over 55%, followed by Europe, and Asia-Pacific, both have a share over 35 percent.

In terms of product, PIA is the largest segment, with a share over 30%. And in terms of application, the largest application is Consumers Aged 45 to 64, followed by Consumers Aged 65 and Older, Consumers Aged 19 to 44, Consumers Aged 18 and Younger.

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Global Compounding Pharmacy Market Segmentation:

The market research report for the Compounding Pharmacy industry has divided the worldwide projection mapping market into different segments based on the type, application, and region. In 2022, the Compounding Pharmacy market was dominated by the regular segment due to its increased usage. The conventional segment dominated the largest market share in nature analysis and accounted for the largest revenue share in the Compounding Pharmacy market in 2022. The B2B segment dominated the largest market share in end-user type analysis. Europe, Asia, North America, South America and Middle East areas dominated the market with the highest revenue share.

Global Compounding Pharmacy Market Types:

The Most interesting area of the global Compounding Pharmacy market is market types.

PIA
PAA
CUPM
PDA
SAPM

Global Compounding Pharmacy Market Application:

Consumers Aged 18 and Younger
Consumers Aged 19 to 44
Consumers Aged 45 to 64
Consumers Aged 65 and Older

COVID-19 Impact on Compounding Pharmacy Market:

Due to the COVID-19 pandemic, there has been an increased demand for Compounding Pharmacy in various industries to reduce operational costs, improve efficiency, and minimize maintenance. On the other hand, the adoption and investment in Compounding Pharmacy has continued to rise in sectors like Pharma and Healthcare, where it enhances the overall customer experience, leading to growth in the Compounding Pharmacy market. Additionally, the pandemic has highlighted the significance of Compounding Pharmacy in all types of businesses, thus having a positive impact on the global Compounding Pharmacy market.

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Global Compounding Pharmacy Market Drivers and Restraints: -

Drivers:

Many Consumers are using Compounding Pharmacy as a substitute, the primary factors affecting the demand for Compounding Pharmacy globally are a rise in consumer demand. Throughout the forecasted period, the demand for a Compounding Pharmacy market boosting all over the world. Also, this research report helps to driving business growth.

Restraints:

The Compounding Pharmacy playing crucial role in Pharma and Healthcare industry growing in billions around the world. Especially which area highly growing and which player dominating in this industry to be found in this research report. In some areas of the Pharma and Healthcare business, this may reduce the demand.

Regional Analysis Outlook Covered in Compounding Pharmacy Market Research Report:

North America

U.S.
Canada

Europe

U.K.
Germany
France
Italy
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

Latin America

Brazil
Mexico
Argentina

Middle East and South Africa

UAE
Saudi Arabia
South Africa

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Key Questions Answered in the Compounding Pharmacy Market are:

Who are the players in the market?
What are the main drivers, growth/decline factors, and challenges?
How is the industry expected to evolve in the forecast period?
What are the consumption patterns in various regions?
Which product types and areas of application are expected to experience significant demand in the near future?
What factors make the market a good long-term investment?
What strategies are the top firms using to gain market share in mature markets?

Key Offerings:

Industry Size and Revenue Projections for 2023-2028
Industry Dynamics, including Emerging Trends, Growth Drivers, and Investment Opportunities
In-depth Industry Segmentation by Application, Type, and Region
Competitive Analysis, featuring Top Competitors and other Leading Players.

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Detailed TOC of Global Compounding Pharmacy Market Report 2023:

1 Market Overview of Compounding Pharmacy
1.1 Compounding Pharmacy Market Overview
1.1.1 Compounding Pharmacy Product Scope
1.1.2 Compounding Pharmacy Market Status and Outlook
1.2 Global Compounding Pharmacy Market Size Overview by Region 2016 VS 2021VS 2027
1.3 Global Compounding Pharmacy Market Size by Region (2016-2027)
1.4 Global Compounding Pharmacy Historic Market Size by Region (2016-2021)
1.5 Global Compounding Pharmacy Market Size Forecast by Region (2022-2027)
1.6 Key Regions, Compounding Pharmacy Market Size (2016-2027)
1.6.1 North America Compounding Pharmacy Market Size (2016-2027)
1.6.2 Europe Compounding Pharmacy Market Size (2016-2027)
1.6.3 Asia-Pacific Compounding Pharmacy Market Size (2016-2027)
1.6.4 Latin America Compounding Pharmacy Market Size (2016-2027)
1.6.5 Middle East and Africa Compounding Pharmacy Market Size (2016-2027)

2 Compounding Pharmacy Market Overview by Type
2.1 Global Compounding Pharmacy Market Size by Type: 2016 VS 2021 VS 2027
2.2 Global Compounding Pharmacy Historic Market Size by Type (2016-2021)
2.3 Global Compounding Pharmacy Forecasted Market Size by Type (2022-2027)
2.4 PIA
2.5 PAA
2.6 CUPM
2.7 PDA
2.8 SAPM

3 Compounding Pharmacy Market Overview by Application
3.1 Global Compounding Pharmacy Market Size by Application: 2016 VS 2021 VS 2027
3.2 Global Compounding Pharmacy Historic Market Size by Application (2016-2021)
3.3 Global Compounding Pharmacy Forecasted Market Size by Application (2022-2027)
3.4 Consumers Aged 18 and Younger
3.5 Consumers Aged 19 to 44
3.6 Consumers Aged 45 to 64
3.7 Consumers Aged 65 and Older

4 Compounding Pharmacy Competition Analysis by Players
4.1 Global Compounding Pharmacy Market Size by Players (2016-2021)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) and (based on the Revenue in Compounding Pharmacy as of 2020)
4.3 Date of Key Players Enter into Compounding Pharmacy Market
4.4 Global Top Players Compounding Pharmacy Headquarters and Area Served
4.5 Key Players Compounding Pharmacy Product Solution and Service
4.6 Competitive Status
4.6.1 Compounding Pharmacy Market Concentration Rate
4.6.2 Mergers and Acquisitions, Expansion Plans

5 Company (Top Players) Profiles and Key Data
5.1 PharMEDium Services
5.1.1 PharMEDium Services Profile
5.1.2 PharMEDium Services Main Business
5.1.3 PharMEDium Services Compounding Pharmacy Products, Services and Solutions
5.1.4 PharMEDium Services Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.1.5 PharMEDium Services Recent Developments
5.2 B. Braun Group
5.2.1 B. Braun Group Profile
5.2.2 B. Braun Group Main Business
5.2.3 B. Braun Group Compounding Pharmacy Products, Services and Solutions
5.2.4 B. Braun Group Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.2.5 B. Braun Group Recent Developments
5.3 Fagron
5.3.1 Fagron Profile
5.3.2 Fagron Main Business
5.3.3 Fagron Compounding Pharmacy Products, Services and Solutions
5.3.4 Fagron Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.3.5 Wedgewood Pharmacy Recent Developments
5.4 Wedgewood Pharmacy
5.4.1 Wedgewood Pharmacy Profile
5.4.2 Wedgewood Pharmacy Main Business
5.4.3 Wedgewood Pharmacy Compounding Pharmacy Products, Services and Solutions
5.4.4 Wedgewood Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.4.5 Wedgewood Pharmacy Recent Developments
5.5 New Compounding Pharma
5.5.1 New Compounding Pharma Profile
5.5.2 New Compounding Pharma Main Business
5.5.3 New Compounding Pharma Compounding Pharmacy Products, Services and Solutions
5.5.4 New Compounding Pharma Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.5.5 New Compounding Pharma Recent Developments
5.6 Medisca
5.6.1 Medisca Profile
5.6.2 Medisca Main Business
5.6.3 Medisca Compounding Pharmacy Products, Services and Solutions
5.6.4 Medisca Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.6.5 Medisca Recent Developments
5.7 Fresenius Kabi
5.7.1 Fresenius Kabi Profile
5.7.2 Fresenius Kabi Main Business
5.7.3 Fresenius Kabi Compounding Pharmacy Products, Services and Solutions
5.7.4 Fresenius Kabi Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.7.5 Fresenius Kabi Recent Developments
5.8 Advanced Pharma
5.8.1 Advanced Pharma Profile
5.8.2 Advanced Pharma Main Business
5.8.3 Advanced Pharma Compounding Pharmacy Products, Services and Solutions
5.8.4 Advanced Pharma Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.8.5 Advanced Pharma Recent Developments
5.9 AIN GROUP
5.9.1 AIN GROUP Profile
5.9.2 AIN GROUP Main Business
5.9.3 AIN GROUP Compounding Pharmacy Products, Services and Solutions
5.9.4 AIN GROUP Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.9.5 AIN GROUP Recent Developments
5.10 Nihon Chouzai
5.10.1 Nihon Chouzai Profile
5.10.2 Nihon Chouzai Main Business
5.10.3 Nihon Chouzai Compounding Pharmacy Products, Services and Solutions
5.10.4 Nihon Chouzai Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.10.5 Nihon Chouzai Recent Developments
5.11 Sogo Medical
5.11.1 Sogo Medical Profile
5.11.2 Sogo Medical Main Business
5.11.3 Sogo Medical Compounding Pharmacy Products, Services and Solutions
5.11.4 Sogo Medical Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.11.5 Sogo Medical Recent Developments
5.12 Dougherty’s Pharmacy
5.12.1 Dougherty’s Pharmacy Profile
5.12.2 Dougherty’s Pharmacy Main Business
5.12.3 Dougherty’s Pharmacy Compounding Pharmacy Products, Services and Solutions
5.12.4 Dougherty’s Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.12.5 Dougherty’s Pharmacy Recent Developments
5.13 Apollo Pharmacy
5.13.1 Apollo Pharmacy Profile
5.13.2 Apollo Pharmacy Main Business
5.13.3 Apollo Pharmacy Compounding Pharmacy Products, Services and Solutions
5.13.4 Apollo Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.13.5 Apollo Pharmacy Recent Developments
5.14 Downing Labs
5.14.1 Downing Labs Profile
5.14.2 Downing Labs Main Business
5.14.3 Downing Labs Compounding Pharmacy Products, Services and Solutions
5.14.4 Downing Labs Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.14.5 Downing Labs Recent Developments
5.15 Qol Holdings
5.15.1 Qol Holdings Profile
5.15.2 Qol Holdings Main Business
5.15.3 Qol Holdings Compounding Pharmacy Products, Services and Solutions
5.15.4 Qol Holdings Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.15.5 Qol Holdings Recent Developments
5.16 Olympia Pharmacy
5.16.1 Olympia Pharmacy Profile
5.16.2 Olympia Pharmacy Main Business
5.16.3 Olympia Pharmacy Compounding Pharmacy Products, Services and Solutions
5.16.4 Olympia Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.16.5 Olympia Pharmacy Recent Developments
5.17 PUMCH
5.17.1 PUMCH Profile
5.17.2 PUMCH Main Business
5.17.3 PUMCH Compounding Pharmacy Products, Services and Solutions
5.17.4 PUMCH Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.17.5 PUMCH Recent Developments
5.18 Triangle Compounding Pharmacy
5.18.1 Triangle Compounding Pharmacy Profile
5.18.2 Triangle Compounding Pharmacy Main Business
5.18.3 Triangle Compounding Pharmacy Compounding Pharmacy Products, Services and Solutions
5.18.4 Triangle Compounding Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.18.5 Triangle Compounding Pharmacy Recent Developments
5.19 Peking University First Hospital
5.19.1 Peking University First Hospital Profile
5.19.2 Peking University First Hospital Main Business
5.19.3 Peking University First Hospital Compounding Pharmacy Products, Services and Solutions
5.19.4 Peking University First Hospital Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.19.5 Peking University First Hospital Recent Developments
5.20 Affiliated Hospital of Guangdong Public Institution of Medicine
5.20.1 Affiliated Hospital of Guangdong Public Institution of Medicine Profile
5.20.2 Affiliated Hospital of Guangdong Public Institution of Medicine Main Business
5.20.3 Affiliated Hospital of Guangdong Public Institution of Medicine Compounding Pharmacy Products, Services and Solutions
5.20.4 Affiliated Hospital of Guangdong Public Institution of Medicine Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.20.5 Affiliated Hospital of Guangdong Public Institution of Medicine Recent Developments
5.21 Lorraine's Pharmacy
5.21.1 Lorraine's Pharmacy Profile
5.21.2 Lorraine's Pharmacy Main Business
5.21.3 Lorraine's Pharmacy Compounding Pharmacy Products, Services and Solutions
5.21.4 Lorraine's Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.21.5 Lorraine's Pharmacy Recent Developments
5.22 PLAGH
5.22.1 PLAGH Profile
5.22.2 PLAGH Main Business
5.22.3 PLAGH Compounding Pharmacy Products, Services and Solutions
5.22.4 PLAGH Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.22.5 PLAGH Recent Developments
5.23 Institutional Pharmacy Solutions
5.23.1 Institutional Pharmacy Solutions Profile
5.23.2 Institutional Pharmacy Solutions Main Business
5.23.3 Institutional Pharmacy Solutions Compounding Pharmacy Products, Services and Solutions
5.23.4 Institutional Pharmacy Solutions Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.23.5 Institutional Pharmacy Solutions Recent Developments
5.24 Ruijin Hospital
5.24.1 Ruijin Hospital Profile
5.24.2 Ruijin Hospital Main Business
5.24.3 Ruijin Hospital Compounding Pharmacy Products, Services and Solutions
5.24.4 Ruijin Hospital Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.24.5 Ruijin Hospital Recent Developments
5.25 Belle Sante
5.25.1 Belle Sante Profile
5.25.2 Belle Sante Main Business
5.25.3 Belle Sante Compounding Pharmacy Products, Services and Solutions
5.25.4 Belle Sante Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.25.5 Belle Sante Recent Developments
5.26 Byculla PharmacyandStores
5.26.1 Byculla PharmacyandStores Profile
5.26.2 Byculla PharmacyandStores Main Business
5.26.3 Byculla PharmacyandStores Compounding Pharmacy Products, Services and Solutions
5.26.4 Byculla PharmacyandStores Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.26.5 Byculla PharmacyandStores Recent Developments
5.27 Royal Chemists
5.27.1 Royal Chemists Profile
5.27.2 Royal Chemists Main Business
5.27.3 Royal Chemists Compounding Pharmacy Products, Services and Solutions
5.27.4 Royal Chemists Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.27.5 Royal Chemists Recent Developments
5.28 Village Compounding Pharmacy
5.28.1 Village Compounding Pharmacy Profile
5.28.2 Village Compounding Pharmacy Main Business
5.28.3 Village Compounding Pharmacy Compounding Pharmacy Products, Services and Solutions
5.28.4 Village Compounding Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.28.5 Village Compounding Pharmacy Recent Developments
5.29 Specialist Pharmacy
5.29.1 Specialist Pharmacy Profile
5.29.2 Specialist Pharmacy Main Business
5.29.3 Specialist Pharmacy Compounding Pharmacy Products, Services and Solutions
5.29.4 Specialist Pharmacy Compounding Pharmacy Revenue (US$ Million) and (2016-2021)
5.29.5 Specialist Pharmacy Recent Developments

6 North America
6.1 North America Compounding Pharmacy Market Size by Country (2016-2027)
6.2 United States
6.3 Canada

7 Europe
7.1 Europe Compounding Pharmacy Market Size by Country (2016-2027)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic
7.8 Rest of Europe

8 Asia-Pacific
8.1 Asia-Pacific Compounding Pharmacy Market Size by Region (2016-2027)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific

9 Latin America
9.1 Latin America Compounding Pharmacy Market Size by Country (2016-2027)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America

10 Middle East and Africa
10.1 Middle East and Africa Compounding Pharmacy Market Size by Country (2016-2027)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East and Africa

11 Compounding Pharmacy Market Dynamics
11.1 Compounding Pharmacy Industry Trends
11.2 Compounding Pharmacy Market Drivers
11.3 Compounding Pharmacy Market Challenges
11.4 Compounding Pharmacy Market Restraints

12 Research Finding /Conclusion

13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Continued…

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