About Custom-Compounded Therapy
Bioidentical hormone therapy is another name for custom compounded therapy. Man-made hormones that are equivalent to hormones produced by the human body are known as bioidentical hormones. Bioidentical hormones are used to treat men and women who have low or unbalanced hormone levels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Custom-Compounded Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fagron (Netherlands), Specialist Pharmacy (United Kingdom), Nova Laboratories (United Kingdom), Athenex Pharma Solutions (New York), ImprimisRx (California), Fresenius Kabi (Germany), Baxter (United States), B. Braun (Germany) and Galenic Laboratories (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pencol Compounding Pharmacy (United States), McKesson Corporation (United States) and Clinigen Group (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Custom-Compounded Therapy market by , Application (Paediatric, Adult, Geriatric and Veterinary) and Region.
On the basis of geography, the market of Custom-Compounded Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospital pharmacy will boost the Custom-Compounded Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Therapeutic Area, the sub-segment i.e. Hormone replacement will boost the Custom-Compounded Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New therapy are developing
Market Growth Drivers:
Increasing demand for personalized medicine
Challenges:
Increasing demand for customized compound therapies in few years due to awareness of health
Restraints:
Increasing in side effects of humans
Opportunities:
Increasing knowledge in consumers
Market Leaders and their expansionary development strategies
In October 2023, FarmaKeio Custom Compounding, a trailblazing pharmaceutical company, has acquired of its newest location in Conway. This new facility represents a significant advancement in FarmaKeio's mission to support the revolution of healthcare by providing personalized compounded medications and service excellence to patients and practitioners across the country.
In 2021, MEDISCA declared that in June it would equal up to USD 100,000 in donations to the Alliance for Pharmacy Compounding, Media Fund Campaign, encouraging investments to support APC’s nationwide marketing and lobbying effort to secure compounded hormone therapy.
Key Target Audience
Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.