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The Compounding Pharmacies Market Size was valued at USD 12.6 Billion in 2023 and will hit USD 19.9 Billion by 2032 with an emerging CAGR of 5.2% Over the Forecast Period of 2024-2032.
The rapidly increasing market growth can be attributed to a rising demand for personalized medicines. As such, the current situation can be interpreted as the manifestation of a tectonic shift from conventional methodologies that comprise more of a one-size-fits-all approach to learning towards a more symbiotic relationship with physician-patient pharmacological joint decision-making. The doctors are considering which medications to compound for which patient in response to their unique medical needs or conditions. Given the wide range of needs that a facility may have ranging from bio-identical hormone replacement therapy to competitive options for the compounds used in pediatric and geriatric formularies and no matter which area of healthcare a realized need may extend to, scientifically compounded pharmaceuticals are more up to the task in most situations that the public care to admit.
In 2023, Avita Pharmacy, a notable compounding pharmacy, expanded its services in 2023 to include personalized veterinary compounding. This move addressed the growing demand for customized medications tailored to pets, reflecting a broader application of personalized medicine beyond human healthcare and demonstrating the evolving role of compounding pharmacies in diverse therapeutic areas.
Moreover, the trend towards home healthcare and self-administration of medications is knowingly driving demand for compounded medications tailored for home use. As patients increasingly seek to manage their health from the comfort of their homes, there is a growing need for medications that are convenient and easy to use outside of traditional healthcare settings. Compounding pharmacies are meeting this demand by developing and offering customized medications in user-friendly forms and packaging designed for home administration.
Further, the increasing demand for compounded medications due to the shortage of commercial medications primarily for chronic diseases has been one of the reasons for the growth of the pharmaceutical compounding market. According to the report titled “Medicine Shortage Survey 2022” and published by the Pharmaceutical Group of the European Union, medication shortage was reported among the community pharmacists of 29 member countries out of 29 survey countries in Europe. Cardiovascular medications accounted for the majority of the shortage of medication in the region. Compounding has been mostly considered as a solution to cover the gap due to shortage of medication.
Drivers
The rising importance of compounding for enhancing medicine adherence driving the market's growth.
One of the significant drivers of compounding pharmacies’ market growth is compounding’s increasing importance in improving medication adherence. People adhering to medication regimens is a significant factor in achieving successful treatment outcomes, and compounded medicine has a role in ensuring that patients do indeed take their prescribed medications. At compounding pharmacies, specialized formulations can be created according to the specific needs of patients. This can include producing easy-to-swallow medication forms for older individuals, adjusting the dose for better treatment efficacy, or removing allergens for patients with their sensitivities.
The report that the U.S. Food and Drug Administration published in 2022 underlines the dynamics driving compounding pharmacy market growth, explaining that providing personalized medication solutions to patients was becoming increasingly important. The FDA’s goal of encouraging advancements in the compounding pharmacy industry is one of the drivers of market growth because the critical importance of this role is now recognized. A study by Uzeste, Isabelle, and Benjamin Benoit published in the Journal of Patient Compliance in 2023 also supports the idea that the need for providing alternatives to standard medications is one of the drivers of market growth as it states patients who used compounded medications adhered to their regimens more than those who used standard medications.
Government statistics also illustrate the importance of compounding pharmacies for various conditions. It is noted by the Centers for Disease Control and Prevention that about 50% of patients with chronic diseases do not take their prescribed medications, causing their health conditions to deteriorate. Compounding pharmacy solutions to this issue is a driver of market growth, and the above aspects contribute to the significance of this development as one of the primary drivers of a market that is growing exponentially.
Restrain
Competition from standard pharmaceuticals hampers market growth.
For compounding pharmacies, one of the major threats is competition from standard pharmaceuticals, and the main factor contributing to this rivalry is cost-effectiveness. Standard pharmaceuticals are usually mass-produced, and such an approach implies the existence of economies of scale. This means that the price of these medications is relatively low, while their availability is correspondingly high. Although in some cases, compounded medications can offer their clients more personalized solutions, implying higher customer benefits, the price of compounding solutions is also higher. This means that clients, as well as healthcare practitioners when ordering the medications for their patients, can ask themselves whether they need to pay more for the compounded medications and compounding pharmacies face the risk of not being able to compete with standard pharmaceuticals.
By Therapeutic Area
The pain management segment dominated the market and accounted for the largest revenue share of 35.1% in 2023. The high share of the segment is attributed to the growing incidence of chronic pain and side effects caused by available pain management medications. The compounded pain management medications provide various advantages, such as for patients suffering from GI problems are created in such a manner that they bypass the Gastrointestinal system and multiple compounded medications can be combined together in a single dose.
The nutritional supplements segment is expected to exhibit the fastest growth rate over the forecast period. This is due to the increased demand for personalized beauty and anti-aging products.
Therefore, many companies are providing various forms of compounded nutraceutical products to meet the growing demand. For example, Medisca Inc. offers more than 100 compounded high-quality nutraceutical products, which are tested for heavy metals. These products include prenatal multivitamins, minerals, antioxidants, and many other supplements. In 2022, the hormone replacement therapy segment contributed a significant market share.
By Age Cohort
The adult segment held the largest revenue share of 45.1% in 2023. Adult patients may require personal medication because of certain factors, which include all or some people to certain ingredients and specific dosage strengths. The needs of adult patients may be met by the compounding pharmacies by creating specialized medication, which includes creams, capsules, or gels. The pediatric segment is projected to register the fastest growth rate in the given period. This is because children may need private medicines due to their size, desired tastes, limited forms of prescription and dosage forms and limited options of absorbing solid dosage forms.
By Sterility
The sterility segment dominated the market, with the largest share of 60.52% in 2023, and is expected to grow further at the fastest growth rate over the forecast period. The growth of the market is attributed to the increasing demand for sterile-compounded medications in a variety of healthcare settings. Furthermore, the rising complexity of patient needs and advances in case of medical treatments are expected to contribute to the growth of this segment.
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Asia Pacific emerged as the largest regional market and accounted for a revenue share of over 40.4% in 2023. Over time, it is anticipated that the growing end-use industry would increase demand for lamination adhesives. The consumer goods, healthcare, and automotive industries stand to benefit from investments in new production facilities, which will increase their production capacities and spur market expansion. China and India, for example, have excelled in pharmaceutical contract manufacturing during the past few decades. Reduced operating costs for a variety of resources, including labor, have contributed to the sector's growth. The demand for medical supplies, such as labels, lids, bags, and pouches, is high in this industry.
In terms of revenue, Europe is projected to expand at a revenue-based CAGR of 7.5% from 2024 to 2032. Increasing health awareness among the populace and rising consumer spending on food and beverage and other consumer goods products are the key factors contributing to the long-term growth of the market.
The major key players are Walgreen Co., Fagron, Albertsons Companies, The London Specialist Pharmacy Ltd, Galenic Laboratories Limited, Aurora Compounding, MEDS Pharmacy, Apollo Clinical Pharmacy, Formul8, Fusion Apothecary, and other players.
In 2024, Avita Pharmacy announced a strategic collaboration with a leading research institution to develop cutting-edge compounding techniques. This partnership is focused on advancing research in personalized medicine and creating new compounded formulations that offer distinct advantages over standard pharmaceutical products.
In 2023, Medisca rolled out a series of new patient-centric formulations designed to cater to specific needs not addressed by standard pharmaceuticals. This included the development of innovative dosage forms and flavors to enhance patient compliance.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 12.6 Billion |
| Market Size by 2032 | USD 19.9 Billion |
| CAGR | CAGR of 5.2% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Therapeutic Area (Hormone Replacement Therapy, Pain Management, Specialty Drugs, Dermatology, Nutritional Supplements, Others) • By Age Cohort (Pediatric, Adult, Geriatric) • By Compounding Type (Pharmaceutical Ingredient Alteration (PIA), Currently Unavailable Pharmaceutical Manufacturing (CUPM), Pharmaceutical Dosage Alteration (PDA), Others) • By Sterility (Sterile, Non-sterile) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Walgreen Co., Fagron, Albertsons Companies, The London Specialist Pharmacy Ltd, Galenic Laboratories Limited, Aurora Compounding, MEDS Pharmacy, Apollo Clinical Pharmacy, Formul8, Fusion Apothecary, and other players. |
| Key Drivers | • The rising importance of compounding for enhancing medicine adherence driving the market's growth. |
| RESTRAINTS | • Competition from standard pharmaceuticals hampers market growth. |
Ans. The projected market size for the Compounding Pharmacies Market is USD 19.9 billion by 2032.
Ans: The Pharmaceutical Ingredient Alteration segment dominated the Compounding Pharmacies Market.
Ans. The CAGR of the Compounding Pharmacies Market is 5.2% During the forecast period of 2024-2032.
Ans: The Asia Pacific region dominated the Compounding Pharmacies Market in 2023, with a 40.40% share.
Ans: Yes, you can customize the report as per your requirements.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence (2023)
5.2 Prescription Trends, (2023), by Region
5.3 Drug Volume, by Region (2020-2032)
5.4 Healthcare Spending: Expenditure data by government, insurers, and out-of-pocket by patients.
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Type Benchmarking
6.3.1 Type specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Age Cohort launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Compounding Pharmacies Market Segmentation, by Therapeutic Area
7.1 Chapter Overview
7.2 Hormone Replacement Therapy
7.2.1 Hormone Replacement Therapy Market Trends Analysis (2020-2032)
7.2.2 Hormone Replacement Therapy Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Pain Management
7.3.1 Pain Management Market Trends Analysis (2020-2032)
7.3.2 Pain Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Specialty Drugs
7.4.1 Specialty Drugs Market Trends Analysis (2020-2032)
7.4.2 Specialty Drugs Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Dermatology
7.5.1 Dermatology Market Trends Analysis (2020-2032)
7.5.2 Dermatology Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Nutritional Supplements
7.6.1 Nutritional Supplements Market Trends Analysis (2020-2032)
7.6.2 Nutritional Supplements Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Compounding Pharmacies Market Segmentation, by Age Cohort
8.1 Chapter Overview
8.2 Pediatric
8.2.1 Pediatric Market Trends Analysis (2020-2032)
8.2.2 Pediatric Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Adult
8.3.1 Adult Market Trends Analysis (2020-2032)
8.3.2 Adult Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Geriatric
8.5.1 Geriatric Market Trends Analysis (2020-2032)
8.5.2 Geriatric Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Compounding Pharmacies Market Segmentation, by Compounding Type
9.1 Chapter Overview
9.2 Pharmaceutical Ingredient Alteration (PIA)
9.2.1 Pharmaceutical Ingredient Alteration (PIA) Market Trends Analysis (2020-2032)
9.2.2 Pharmaceutical Ingredient Alteration (PIA) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Currently Unavailable Pharmaceutical Manufacturing (CUPM)
9.3.1 Currently Unavailable Pharmaceutical Manufacturing (CUPM) Market Trends Analysis (2020-2032)
9.3.2 Currently Unavailable Pharmaceutical Manufacturing (CUPM) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Pharmaceutical Dosage Alteration (PDA)
9.4.1 Pharmaceutical Dosage Alteration (PDA) Market Trends Analysis (2020-2032)
9.4.2 Pharmaceutical Dosage Alteration (PDA) Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Others
9.5.1 Others Market Trends Analysis (2020-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Compounding Pharmacies Market Segmentation, by Sterility
10.1 Chapter Overview
10.2 Sterile
10.2.1 Sterile Market Trends Analysis (2020-2032)
10.2.2 Sterile Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Non-sterile
10.3.1 Non-sterile Market Trends Analysis (2020-2032)
10.3.2 Non-sterile Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.2.4 North America Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.2.5 North America Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.2.6 North America Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.2.7.2 USA Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.2.7.3 USA Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.2.7.4 USA Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.2.8.2 Canada Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.2.8.3 Canada Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.2.8.4 Canada Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.2.9.2 Mexico Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.2.9.3 Mexico Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.2.9.4 Mexico Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.7.2 Poland Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.7.3 Poland Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.7.4 Poland Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.8.2 Romania Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.8.3 Romania Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.8.4 Romania Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.4 Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.5 Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.6 Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.7.2 Germany Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.7.3 Germany Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.7.4 Germany Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.8.2 France Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.8.3 France Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.8.4 France Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.9.2 UK Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.9.3 UK Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.9.4 UK Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.10.2 Italy Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.10.3 Italy Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.10.4 Italy Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.11.2 Spain Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.11.3 Spain Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.11.4 Spain Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.14.2 Austria Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.14.3 Austria Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.14.4 Austria Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.4 Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.5 Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.6 Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.7.2 China Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.7.3 China Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.7.4 China Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.8.2 India Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.8.3 India Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.8.4 India Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.9.2 Japan Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.9.3 Japan Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.9.4 Japan Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.10.2 South Korea Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.10.3 South Korea Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.10.4 South Korea Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.11.2 Vietnam Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.11.3 Vietnam Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.11.4 Vietnam Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.12.2 Singapore Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.12.3 Singapore Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.12.4 Singapore Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.13.2 Australia Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.13.3 Australia Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.13.4 Australia Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.4 Middle East Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.5 Middle East Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.6 Middle East Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.7.2 UAE Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.7.3 UAE Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.7.4 UAE Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.2.4 Africa Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.2.5 Africa Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.2.6 Africa Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Compounding Pharmacies Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.6.4 Latin America Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.6.5 Latin America Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.6.6 Latin America Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.6.7.2 Brazil Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.6.7.3 Brazil Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.6.7.4 Brazil Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.6.8.2 Argentina Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.6.8.3 Argentina Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.6.8.4 Argentina Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.6.9.2 Colombia Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.6.9.3 Colombia Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.6.9.4 Colombia Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Compounding Pharmacies Market Estimates and Forecasts, by Therapeutic Area (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Compounding Pharmacies Market Estimates and Forecasts, by Age Cohort (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Compounding Pharmacies Market Estimates and Forecasts, by Compounding Type (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Compounding Pharmacies Market Estimates and Forecasts, by Sterility (2020-2032) (USD Billion)
12. Company Profiles
12.1 Walgreen Co.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Product / Services Offered
12.1.4 SWOT Analysis
12.2 Fagron
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Product / Services Offered
12.2.4 SWOT Analysis
12.3 Albertsons Companies
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Product / Services Offered
12.3.4 SWOT Analysis
12.4 The London Specialist Pharmacy Ltd
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Product / Services Offered
12.4.4 SWOT Analysis
12.5 Galenic Laboratories Limited.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Product / Services Offered
12.5.4 SWOT Analysis
12.6 Aurora Compounding
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Product / Services Offered
12.6.4 SWOT Analysis
12.7 MEDS Pharmacy
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Product / Services Offered
12.7.4 SWOT Analysis
12.8 Apollo Clinical Pharmacy
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Product / Services Offered
12.8.4 SWOT Analysis
12.9 Formul8
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Product / Services Offered
12.9.4 SWOT Analysis
12.10 Fusion Apothecary
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Product/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Market Segments:
By Therapeutic Area
Hormone Replacement Therapy
Pain Management
Specialty Drugs
Dermatology
Nutritional Supplements
Others
By Age Cohort
Pediatric
Adult
Geriatric
By Compounding Type
Pharmaceutical Ingredient Alteration (PIA)
Currently Unavailable Pharmaceutical Manufacturing (CUPM)
Pharmaceutical Dosage Alteration (PDA)
Others
By Sterility
Sterile
Non-sterile
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Cell Reprogramming Market size was valued at US$ 406 million in 2023 and is projected to reach over US$ 725 million by 2031 with an increasing CAGR of 8.53% during the forecast period 2024-2031.
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