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Global Market Study on Compounding Pharmacies: Regulatory Harmonization and Innovative Therapeutic Areas to Boost Demand for Compounded Drugs

  • August 2016
  • 160 pages
  • Persistence Market Research
Report ID: 3403274

Summary

Table of Contents

Persistence Market Research’s (PMR) latest report examines the global compounding pharmacies market for the period 2015 - 2021. The primary objective of the report is to offer updates and information related to market opportunities in the global compounding pharmacies market. This report deals with compounded drugs, which are customized medicines prepared by a pharmacist or a physician and come in strengths that are not commercially available. Compounded drugs are available in various forms such as oral applications (capsules, mixtures, etc.), topical applications (creams, gels, lotions, ointments, etc.), and suppositories. By 2021, the global compounding pharmacies market is expected to account for US$ 9.75 Bn at a CAGR of 5.3% over the forecast period.

This PMR report analyzes the global compounding pharmacies market in terms of market value across products, end use, therapeutic areas, and regions to help the audience better understand and assess market opportunities.

Products

End use

Therapeutic areas

Regions

Oral medications

Topical medications

Mouthwashes

Suppositories

Medications for adults

Medications for veterinary purposes

Medications for children

Medications for the geriatric population

Pain medications

Hormone replacement therapy

North America

Latin America

Europe

Asia Pacific

The Middle East & Africa

The report starts with an overview of the global compounding pharmacies market, covering market performance in terms of revenue. This section also includes PMR’s in-depth analysis of key trends, drivers, and restraints from supply and demand perspectives. The next few sections of the report analyze the market on the basis of products, end use, therapeutic areas, and regions; and present market projections in terms of value for the forecast period.

Research Methodology

The forecast presented here assesses the total revenue generated by the global compounding pharmacies market, focusing on the market value of global compounding pharmacies across the five geographies to arrive at the market size. Market forecasting starts with sizing the current market, which forms the basis for a forecast of how the market is anticipated to take shape in the near future. For this, PMR referred to several subject matter experts in the compounding pharmacy domain. Given the characteristics of the market, we triangulated the outcome based on different supply side and demand side analyses and market dynamics such as regulations and GMP guidelines of the compounding pharmacies market. Quantification of data has been considered along with the provision of quality insights collected directly from the market post discussion with pharmacists, suppliers, physicians, and subject matter experts. We have also taken into consideration year-on-year (Y-o-Y) growth based on regional growth analysis to understand the predictability of the global compounding pharmacies market and to identify the right opportunities.

The various segments of the global compounding pharmacies market have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of key market trends. Another key feature of this report is the analysis of the global compounding pharmacies market by region further segmented on the basis of countries and revenue forecasts in terms of absolute dollar opportunity. Regional trends have been introspected, identified, and applied while forecasting the growth rates in the market. Additionally, the absolute dollar opportunity provided in the report is critical and is expected to help in assessing the level of opportunity that a provider can look to achieve from a sales perspective in the global compounding pharmacies market.

PMR has also developed the market Attractiveness Index for all four segments – products, end use, therapeutic areas, and regions – to help providers identify real market opportunities. The final section of the report focuses on the global compounding pharmacies market landscape to provide readers with a dashboard view based on categories of providers in the global compounding pharmacies product portfolio. Their key developments and strategies have also been included wherever possible. Key market players covered include B. Braun Melsungen AG Company, Fagron, PharMEDium Services LLC, Institutional Pharmacy Solutions, Cantrell Drug Company, Triangle Compounding Pharmacies, Lorraine’s Pharmacy, and Fresenius Kabi AG.

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