NAICS Code 456110-14 - Compounding (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 456110-14
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NAICS Code 456110-14 Description (8-Digit)

Compounding (Retail) is a specialized industry within the broader category of pharmacies and drug retailers. This industry involves the preparation of customized medications for individual patients based on their specific needs and requirements. Compounding pharmacists work closely with physicians and patients to create medications that are tailored to the unique needs of each patient. This can include adjusting the dosage, changing the form of the medication, or removing certain ingredients that the patient may be allergic to. Compounding (Retail) is a highly regulated industry, and pharmacists must adhere to strict guidelines and quality control standards to ensure the safety and efficacy of the medications they prepare.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 456110 page

Tools

Tools commonly used in the Compounding (Retail) industry for day-to-day tasks and operations.

  • Mortar and pestle
  • Electronic balance
  • Capsule filling machine
  • Ointment mill
  • Powder mixer
  • Suppository mold
  • Syringe
  • Vial
  • Graduated cylinder
  • PH meter

Industry Examples of Compounding (Retail)

Common products and services typical of NAICS Code 456110-14, illustrating the main business activities and contributions to the market.

  • Hormone replacement therapy
  • Pain management
  • Dermatology
  • Pediatrics
  • Veterinary medicine
  • Sports medicine
  • Podiatry
  • Ophthalmology
  • Oncology
  • Dental

History

A concise historical narrative of NAICS Code 456110-14 covering global milestones and recent developments within the United States.

  • The compounding industry has been around for centuries, with the first recorded use of compounding dating back to ancient Egypt. The practice of compounding was used to create medicines from natural ingredients, and it was not until the 19th century that synthetic drugs were introduced. In the United States, compounding pharmacies became popular in the 20th century, with the first compounding pharmacy opening in the 1930s. In recent years, the compounding industry has faced challenges due to regulatory changes and safety concerns, but it continues to play an important role in providing customized medications to patients with unique needs.