Compounding Pharmacy Market Size, Trends, Growth, Forecast Report 2022-2030

A compounding pharmacy is a specialty pharmacy that can produce drug combinations prescribed by Doctors for patients who cannot use commercially available drugs. At Bay Life, we provide compounded prescription drugs with custom strengths, dosage forms, flavours and much more. We eliminate dyes, preservatives, sugars and other problematic ingredients from our drugs.

Market overview:

U.S. Compounding Pharmacies Market size surpassed 

CAGR (2022-30): 5.9%

(2021)> $5.2 BN

(2030) <$8.7 BN

•  Increasing awareness of compounded medication will boost the U.S. compounding pharmacy market.
• It will reach USD 8.7 billion by 2030, according to reports by Global Market Insights Inc.

Forecast:

• Growth Rate from 2020 to 2027- CAGR of 6.5%
• Oral Medications Segment Market Share in 2021- 51%
• The 503A segment is expected to register a CAGR of 2.4% during the forecast period. 
• The 503B pharmacy type segment accounted for 56.5% market share in 2021 and the trend will continue to rise. 
• The growing elderly population and increasing adoption of individualised medications will grow the global market for compounding pharmacies 

Growth:

• The compounding pharmacy segment is set to showcase a 6% CAGR through 2030. 
• Compounding pharmacies specialise in the development of custom medications. 
• Compounding pharmacies create custom medications from base ingredients for patients with different health ailments.