Global Animal Drug Compounding Market Growth 2023-2029

Global Animal Drug Compounding Market Growth 2023-2029

Compounding is the mixing of drugs to fit the unique needs of a patient. AHI and AVMA define it as “customized manipulation of an approved drug or drugs by a veterinarian, or by a pharmacist upon the prescription of a veterinarian, to meet the needs of a particular patient.

LPI (LP Information)' newest research report, the “Animal Drug Compounding Industry Forecast” looks at past sales and reviews total world Animal Drug Compounding sales in 2022, providing a comprehensive analysis by region and market sector of projected Animal Drug Compounding sales for 2023 through 2029. With Animal Drug Compounding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Animal Drug Compounding industry.

This Insight Report provides a comprehensive analysis of the global Animal Drug Compounding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Animal Drug Compounding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Animal Drug Compounding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Animal Drug Compounding and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Animal Drug Compounding.

The global Animal Drug Compounding market size is projected to grow from US$ 801.1 million in 2022 to US$ 1239.3 million in 2029; it is expected to grow at a CAGR of 1239.3 from 2023 to 2029.

Animal drug shortages are becoming more common and this is unfortunately predicted to worsen in the years ahead, as per official reports published by veterinarians. This shortage encourages the use of widely available compounded drugs to treat a number of animal diseases. A few critical animal drug shortages highlighted by the U.S. FDA are Flunixine Injectable, 35% Perox-Aid, and Epinephrine. To make medical therapy suitable for animal requirements, compounded drugs with the desired active ingredients are unavailable. For e.g., no FDA approved drug for treating megacolon in cats is currently available in the animal drug compounding market. The only safe and effective therapy to treat chronic cat constipation was removed from the U.S. nearly two decades ago. That is why compounding drugs are the only option for veterinarians to treat animals that need pro-kinetic drug therapy.

This report presents a comprehensive overview, market shares, and growth opportunities of Animal Drug Compounding market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Anti-Infective Agents
Hormones and Substitutes
Anti-Inflammatory Agents
Others

Segmentation by application
Veterinary Hospitals
Veterinary Clinics
Veterinary Diagnostic Centers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Triangle Compounding Pharmacy
Lorraine's Pharmacy
Medisca
Diamondback Drugs
ESSENTIAL PHARMACY COMPOUNDING VET

Key Questions Addressed in this Report

What is the 10-year outlook for the global Animal Drug Compounding market?

What factors are driving Animal Drug Compounding market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Animal Drug Compounding market opportunities vary by end market size?

How does Animal Drug Compounding break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.