Market Dynamics:

Increasing Personalized Medication Demand: Customized medication through compounding pharmacies provide solutions for patients having allergies or adverse reactions to existing commercially available drugs. They have contributed to significant increase in demand for personalized medication worldwide. According to the International Complementary and Alternative Medicine Research Center, around 50% of patients in the U.S. demand personalized formulations rather than purchasing commercially available drugs potentially containing inactive or allergenic ingredients. This high demand is a major driver for growth of compounding pharmacies market over the forecast period.

Key Takeaways

The Global Compounding Pharmacies Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated at US$ 10,705.19 million and is projected to reach US$ 17,000 million by 2030, registering a CAGR of 4.1% during the forecast period.

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