New report published by Global Info Research which offers insights on the global Compounding Pharmacy market.
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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Global Compounding Pharmacy Market: Forecast by Type / Application / Region
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.
The major players in global Compounding Pharmacy market include: Fagron, Wedgewood Pharmacy, CAPS, Fresenius Kabi, Advanced Pharma, PharMEDium Services, Cantrell Drug, Dougherty’s Pharmacy, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, Triangle Compounding Pharmacy, Village Compounding Pharmacy, Olympia Pharmacy.
On the basis of product, the Compounding Pharmacy market is primarily split into: Pharmaceutical Ingredient Alteration (PIA), Pharmaceutical Application Alteration (PAA), Currently Unavailable Pharmaceutical Manufacturing (CUPM) , Pharmaceutical Dosage Alteration (PDA) , Specialized Animal Pharmaceutical Manufacturing (SAPM).
On the basis on the end users/applications, this report covers: 18 and Younger, 19 to 44, 45 to 64, 65 and Older.
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.
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United States Compounding Pharmacy Market 2018 Forecast to 2023
Europe Compounding Pharmacy Market 2018 Forecast to 2023
North America Compounding Pharmacy Market 2018 Forecast to 2023
Asia-Pacific Compounding Pharmacy Market 2018 Forecast to 2023
China Compounding Pharmacy Market 2018 Forecast to 2023
EMEA Compounding Pharmacy Market 2018 Forecast to 2023
Global Compounding Pharmacy Market 2018 Forecast to 2023
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