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Compounding Pharmacies Market | Coherent Market Insights

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Title: Compounding Pharmacies Market | Coherent Market Insights


1
Coherent Marketing Insights
  • Market Research Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
  • COMPOUNDING PHARMACIES MARKET ANALYSIS
  • Compounding Pharmacies Market, By Products (Oral
    Medication (Capsule, Tablets, Mixtures,
    Lollipops, Lozenges), Topical Medication (Gels,
    Ointments, Cream, Lotions), Mouthwashes,
    Suppositories), By Application (Medication for
    Adults, Medication for Veterinary, Medication for
    Children, Medication for Geriatric), By
    Therapeutic Area (Pain Management, Hormone
    Replacement Therapy), By Region (North America,
    Latin America, Europe, Asia Pacific, Middle East,
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2019 - 2027

3
  • A pharmacy that is operated by a licensed
    pharmacist, licensed physician or a person under
    the guidance of a licensed pharmacist is called
    compounding pharmacy.
  • Statistics
  • The global compounding pharmacies market is
    estimated to account for US 13,304.8 Mn in terms
    of value by the end of 2027.
  • Figure 1. Global Compounding Pharmacies Market
    Value (US Mn), by Region, 2018

4
  • Global Compounding Pharmacies Market Restraints
  • 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 API acetaminophen in excess of
    325mg, which 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 FDAs 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 the 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.

5
  • Global Compounding Pharmacies Market
    Opportunities
  • RD of drugs in innovative medium/forms and
    varying dosages for the treatment of various
    diseases is expected to offer lucrative growth
    opportunity of market players. For instance, in
    November 2018, AMC, a hospital in Amsterdam
    focused on producing compounding drugs, received
    permission from the Dutch Health and Youth Care
    Inspectorate to produce an equivalent of
    chenodeoxycholic acid (CDCA) if the used
    resources meet the quality standards.
  • Moreover, compounding pharmacies need to adopt
    hybrid retail formats along with a compounding
    department in order to diversify their business
    base. Compounding pharmacies can also focus more
    on non-sterile compounding to avoid mishaps due
    to sterile compounding.

6
Global Compounding Pharmacies Market Market
Trends/Key Takeaways
  • Hospitals in the U.S. are expected to increase
    outsourcing of compounding services to the U.S.
    FDA 503B-certified bulk drug manufacturing
    facilities in the U.S.
  • The market is also witnessing development of
    innovative pain management compounded drugs,
    constituting of unique and currently unapproved
    combinations. These medications are expected to
    witness increasing demand from sports medicines
    and oncology domains.
  • Global Compounding Pharmacies Market Regulations
  • The EU Court of Justice is currently
    contemplating on mandating that bulk drug
    substances cannot be manufactured by compounding
    pharmacies unless they possess a proper
    manufacturing authorization. These should be
    accompanied with proper toxicity and
    pharmacovigilance data. In this regard, France is
    planning to permit pharmacists to substitute
    cheaper biosimilars on production of
    prescriptions for biologics

7
Global Compounding Pharmacies Market Competitive
Landscape
  • Major players operating in the global compounding
    pharmacies market include, Central Admixture
    Pharmacy Services, Fagron, Fresenius Kabi AG,
    PharMEDium Services, LLC, Institutional Pharmacy
    Solutions, Cantrell Drug Company, Triangle
    Compounding Pharmacies, and Lorraines Pharmacy.
  • Global Compounding Pharmacies Market Key
    Developments
  • Key players in the market are focused on
    geographical expansion through MA activities.
    For instance, in May 2019, Fagron entered into an
    agreement to acquire Central de Drogas, S.A. de
    C.V., a leading supplier of raw materials to
    compounding pharmacies and the pharmaceutical
    industry in Mexico.
  • In April 2019, Pentec Health, Inc., an
    established leader in sterile compounding with an
    FDA registered 503B Outsourcing Facility, added
    California to their list of 43 licensed states.

8
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Referance https//www.coherentmarketinsights.com/
    market-insight/compounding-pharmacies-market-3199

9
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions. We are headquartered
    in India, having office at global financial
    capital in the U.S. Our client base includes
    players from across all business verticals in
    over 150 countries worldwide.
  • What We ProvideCustomized Market Research
    AnalysisIndustry Analysis ServicesBusiness
    Consulting ServicesLong Term Engagement
    ModelCountry Specific Analysis

10
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt. LTD.Coherent
    Market Insights 1001 4th Ave, 3200 Seattle, WA
    98154, U.S.Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

11
Thank You
  • Kindly Follow CMI Social Media Profiles for the
    latest Company Updates.
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  • https//www.coherentmarketinsights.com/
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