Compounding Pharmacy Companies and Competitive Landscape
The global compounding pharmacy market size was estimated at US$ 13.19 billion in 2023 and is projected to grow to US$ 22.91 billion by 2034, rising at a compound annual growth rate (CAGR) of 5.15% from 2024 to 2034.
Top Companies in the Compounding Pharmacy Market
- Fagron
- Formul8
- Walgreen Co.
- MEDS Pharmacy
- Fusion Apothecary
- Aurora Compounding
- Albertsons Companies
- Apollo Clinical Pharmacy
- Galenic Laboratories Limited (Roseway Labs)
- The London Specialist Pharmacy Ltd (Specialist Pharmacy)
- JL Diekman and AQ Touchard (Fresh Therapeutics Compounding Pharmacy)
Recent Announcements by Industry Leaders
In August 2024, as the telehealth firm diversified into new markets and focused more on weight-loss medications, Hims & Hers decided to purchase a compounding pharmacy.
Recent Developments in the Compounding Pharmacy Market
- In September 2024, Revelation Pharma's compounding network expanded nationwide. The network of 503A and 503B compounding pharmacies introduced a nationwide wholesale service for healthcare providers. One purpose of Revelation Wholesale is to give customers a simplified ordering experience when they buy specialty drugs and compounding solutions.
- In November 2023, a technology startup investment group called Right Side Capital Management made a seed investment in Precision Compounding, a compounding pharmacy with technology that dispenses prescription drugs via telemedicine. Precision Compounding Pharmacy will be better equipped to assist more patients as a result of this investment.
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