Compounding pharmacies offer customized medications for specific medical conditions of patients. They prepare the medications according to the medical needs of the patients such as changing dosage, removing additives, altering ingredients or reformulating medications to make them suitable for administration through alternate routes such as topical formulations. Compounding pharmacies help patients who cannot consume solid oral medications or have sensitivities or allergies to inactive ingredients commonly used in prescription and over-the-counter medications.

The global U.S. Compounding Pharmacies Market is estimated to be valued at US$ 5843.17 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics: One of the key drivers for the growth of the U.S. compounding pharmacies market is the rising geriatric population. As per the U.S. Census Bureau, by 2030, around 72 million Americans will be aged 65 years or older, and by 2060, the U.S. Census Bureau projects that the 65-and-older population will grow to be 95 million strong. The elderly population often has multiple medical conditions requiring customized medication to suit their conditions and need with the help of compounding pharmacies. As this population segment continues to increase in the country, the demand for compounding pharmacies will also witness significant growth over the forecast period.

SWOT Analysis

Strength: The U.S. compounding pharmacies market has a strong demand for compounding medications due to rising cases of chronic conditions, allergies, and special medications required for pediatric and geriatric population which conventional drugs cannot cater to. Additionally, compounding pharmacies provide customized medications as per patient needs which improves treatment outcomes. Compounding pharmacies also offer personalized services and medications at affordable costs.

Weakness: The market faces quality control issues and inconsistencies in compounded drug preparations which can reduce efficacy and safety. Additionally, lack of standardized procedures and regulatory frameworks for compounding practices can compromise on safety and quality aspects.

Opportunity: Increased adoption of telehealth and remote consultation services provides an opportunity to expand outreach in rural areas. Growing demand for specialized medications like veterinary compounds, cancer therapies, and pain management drugs also offers scope for market growth.

Threats: Stringent regulatory frameworks for approval of new compound drugs and production procedures can increase operating costs. Additionally, supply chain disruptions and shortage of raw materials amid the ongoing pandemic are major threats.


Key Takeaways

The Global U.S. Compounding Pharmacies Market Share is expected to witness high over the forecast period of 2024 to 2031. The market size is projected to reach US$ 5843.17 Bn by 2031, registering a CAGR of 5.9% during the forecast period.

Regional analysis: The Western region dominates the U.S. compounding pharmacies market currently with over 30% market share driven by large patient pool, rising chronic disorders, and presence of major pharmacy chains. California and Texas are the fastest growing markets regionally due to increasing investments towards specialty compounding facilities and services.

Key players: Key players operating in the U.S. Compounding Pharmacies market are Lionbridge, TransPerfect, SDL plc, LanguageLine Solutions, Telelanguage, Straker Translations, GlobaLexicon, Day Translations, GLOBO Language Solutions, Language Services Associates (LSA), Language Connect, CSOFT International, WordExpress Corporation, The Geo Group Corporation, Vocalink Global. The market is highly consolidated with top 4-5 players accounting for over 60% share.

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