Compounding Pharmacy Market Is Booming Across the Globe Explored in Latest Research 2019
Qyresearchreports include new market research report "Global Compounding Pharmacy Market Size, Status and Forecast 2025" to its huge collection of research reports.
This report studies the global Compounding Pharmacy market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Compounding Pharmacy market by companies, region, type and end-use industry.
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.
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Compounded medications are made based on a practitioners 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 patients specific needs.
The classification of Compounding Pharmacy includes pharmaceutical ingredient alteration (PIA), pharmaceutical application alteration (PAA), currently unavailable pharmaceutical manufacturing (CUPM), pharmaceutical dosage alteration (PDA) and specialized animal pharmaceutical manufacturing (SAPM), the proportion of Pharmaceutical ingredient alteration (PIA) in 2017 is about 34%.
Compounding Pharmacy is widely used for consumers aged 18 and younger, consumers aged 19 to 44, consumers aged 45 to 64, consumers aged 65 and older. The most proportion of compounding pharmacy is consumers aged 45 to 64, and the proportion in 2017 is 40.7%.
North America is the largest market for compounding pharmacy, with a market share nearly 57% in 2017. Following North America, Europe is the second largest market with the consumption market share of 25%.
Market competition is not intense Fagron, Wedgewood Pharma, CAPS, Fresenius Kabi, Advanced Pharma, PharMEDium Services are the leaders of the industry, with high-end customers in the industry.
In 2017, the global Compounding Pharmacy market size was 10300 million US$ and it is expected to reach 12800 million US$ by the end of 2025, with a CAGR of 2.8% during 2018-2025.
This report focuses on the global top players, covered
Fagron
Wedgewood Pharmacy
CAPS
FreseniusKabi
Advanced Pharma
PharMEDiumServices
Cantrell Drug
Doughertys Pharmacy
Institutional Pharmacy Solutions
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
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Market segment by Type, the product can be split into
Pharmaceutical Ingredient Alteration (PIA)
Pharmaceutical Application Alteration (PAA)
Currently Unavailable Pharmaceutical Manufacturing (CUPM)
Pharmaceutical Dosage Alteration (PDA)
Specialized Animal Pharmaceutical Manufacturing (SAPM)
Market segment by Application, split into
18 and Younger
19 to 44
45 to 64
65 and Older
The study objectives of this report are:
To study and forecast the market size of Compounding Pharmacy in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Compounding Pharmacy are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Compounding Pharmacy Manufacturers
Compounding Pharmacy Distributors/Traders/Wholesalers
Compounding Pharmacy Subcomponent Manufacturers
Industry Association
Downstream Vendors
Regional and country-level analysis of the Compounding Pharmacy market, by end-use.
Detailed analysis and profiles of additional market players.
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