Compounding pharmacies or compound pharmacy role is to mix ingredients as per patients’ needs and manufacture drugs that are not commercially available. Pharmacy compounding has been present since the beginning of time. It is essential in cases such as limited dosage strengths and dosage forms, drug allergies to certain ingredients, pediatrics, chemotherapy and veterinary medicine. Further, compounded medicines enhance pharmacist contribution to developing and implementing patient therapeutic plans and provide customized medications of high pharmaceutical quality.
Additionally, as per law, compounding drugs does not include making copies of commercially available drug products. Compounding pharmacists can make flavored drugs in different dosage forms, such as liquids, topical creams, suppositories, transdermal gels, or other dosage forms suitable for patient’s unique needs
Fagron, Inc., and Triangle Compounding Pharmacy – Notable Market Players in Compounding Pharmacies Market
Market leaders operating in the market have undertaken various organic growth strategies in the compounding pharmacies market. The compounding pharmacies market majorly consists of the players Fagron, Inc., Elixir Compounding Pharmacy, Avella specialty pharmacy, B. Braun Melsungen AG, PharMEDium Healthcare Holdings, Inc., Fresenius Kabi AG, Belle Santé Diagnostic & Therapeutic Institute Pvt. Ltd, Triangle Compounding Pharmacy, Vertisis Custom Pharmacy and US Compounding Inc. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.
Below is the list of the growth strategies done by the players operating in the compounding pharmacies market:
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Year |
News |
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Dec-2020 |
Triangle Compounding Pharmacy has launched compounded hand sanitizer to fight with the COVID-19 pandemic. Triangle Compounding Pharmacy is the first to provide pharmaceutical-grade hand sanitizer in U.S. |
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Apr-2019 |
Fresenius Kabi has launched compounded product, Glycopyrrolate Injection, USP in the United States. Glycopyrrolate Injection, USP in the Simplest prefilled syringe is the first ready-to-administer prefilled syringe available in the United States. |
