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Historical Year
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The United States compounding pharmacies market is being driven by the rising geriatric population and growing demand from parenteral division. The market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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The rising geriatric demographic base, combined with increased longevity, are the primary drivers of market growth. According to the Population Reference Bureau, by 2060, the geriatric population of the United States is expected to account for about 24% of the total population. The population's longevity has risen as the birth rate has decreased and life expectancy has increased. Additionally, the industry's overall development is supported by compounding pharmacies' low costs over the forecast period. A higher percentage of consumers choose compounding pharmacies, as well as an increasing desire to look healthier and younger, has resulted in increased demand for anti-ageing drugs across the United States, consequently favouring the market growth.
Compounding pharmacies refer to the on-demand distribution of computing resources over the internet, such as storage, servers, applications, and networking, to allow quicker innovation and economies of scale. Customers prefer compounding pharmacies over conventional on-premise deployments because it helps them to pay directly for the resources they need and handle their technology more effectively.
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Based on type, the market is divided into:
With regards to compounding type, the market is segmented into:
On the basis of sterility, the market is bifurcated into:
By therapeutic area, the market is segregated into:
Based on distribution channel, the market is segmented into:
By application, the market is segmented into:
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The widespread acceptance of compounding pharmacies services, especially public cloud, is expected to boost the market growth of compounding pharmacies in the United States. In 2020, the parenteral division accounted for 18% of the market share of compounding pharmacies in the United States. Compounding ophthalmic treatment drugs, such as glaucoma medications, lower the cost, further boosting the adoption of the product. This has invigorated the market in recent years. Furthermore, compounded dose formulations such as glaucoma reductions assist elderly patients in reducing individual pressure as well as uncertainty about multiple drugs and dosing schedules, thus favouring retail value. Ophthalmic drugs may be administered in a variety of ways, including oral pills, capsules, injections, and drops. As a result, the increasing availability of multiple dosage types in ophthalmic treatment is expected to propel the segment forward. This is predicted to contribute to the overall market growth over the forecast period.
The report gives a detailed analysis of the following key players in the United States compounding pharmacies market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Compounding Type |
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| Breakup by Sterility |
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| Breakup by Therapeutic Area |
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| Breakup by Distribution Channel |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market are expansion of compounding pharmacies in the country, increasing prevalence of chronic health conditions, easy handling, and low costs of compounding pharmacies.
The key trends influencing the market include the rising geriatric population, increasing costs of doctor visits, and growing availability of multiple dosage types.
Compounding pharmacies are types of pharmacies that are able to dispense combinations of medications for custom requirements of patients.
The significant applications of compounding pharmacies are pediatric, adult, geriatric, and veterinary, among others.
The major distribution channels in the market are hospital pharmacies, retail pharmacies, and online, among others.
The primary therapeutic areas are pain management, and hormone replacement therapy (HRT), among others.
The various compounding types in the market are pharmaceutical ingredient alteration (PIA), currently unavailable pharmaceutical manufacturing (CUPM), and pharmaceutical dosage alteration (PDA), among others.
Types of compounding pharmacies are oral, topical, and suppositories, among others.
The major players in the United States compounding pharmacies market are Fagron N.V., PharMedium Services, LLC, and Fresenius Kabi Canada, among others.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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