Press release
The Animal Drug Compounding Market To Move Through The Consistency-Oriented Ellipse By Reaching US$ 1.9 Bn From 2021-2031
Persistence Market Research predicts that the global market for animal drug compounding will be valued at close to US$ 1.9 Bn in 2021, and expand at an 8% CAGR over the forecast period (2021-2031).
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Company profiles:
Hoye’s Pharmacy
Vertisis Custom Pharmacy
Smith Caldwell Drug Store
Sixth Avenue Medical Pharmacy
Dougherty’s Pharmacy
Triangle Compounding Pharmacy Inc.
Medisca Inc.
Wedgewood Pharmacy
Millers Pharmacy
Chiron Compounding Pharmacy
MEDS Canadian Compounding Pharmacy
Aurora Compounding
Pace Pharmacy
Victoria Compounding Pharmacy
Pratt’s Compounding Pharmacy
People’s Choice Pharmacy
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Key Takeaways from Market Study
The global market for animal drug compounding is projected to expand 2X over the next ten years.
Manipulation of animal moods and emotions through hormones and substitutes is expected to aid market growth over the coming years.
Oral formulations are set to dominant the market share at around 80% by 2031.
Increasing awareness about the medical needs of companion pets is expected to contribute to market growth.
The region of North America dominates the global animal drug compounding market, and is expected to retain its top position over the forecast period as well.
The market in the U.S. is expected to progress at around 8% CAGR through 2031, while that in the U.K. is projected to expand at around 10% over the decade.
“Unavailability of commercially produced branded drugs in the market with specific and desired formulations is set to fuel demand for compounded drug formulations over the years to come” says the Persistence Market Research analyst.
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CNS Drugs Remain Highly Attractive
Central nervous system inflammation in companion animals such as dogs and cats is highly common and results in several neurological disorders. This can result in behavioural changes, seizures, blindness, and abnormal limb coordination.
Incorporation of CNS agents in compounded drugs for animals can effectively be helpful in the treatment of nervous abnormalities in them. As such, the CNS agents segment holds around 36% share in the global market for animal drug compounding, in terms of product.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the animal drug compounding market in its latest study, presenting historical demand assessment of 2016 – 2020and projections for 2021 – 2031. The research study is based on product (CNS agents, anti-infective agents, hormones and substitutes, anti-inflammatory agents, and others), animal (companion animals and livestock animals), and formulation (oral, injectable, and others), across seven key regions of the world (North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa.
PMR Exclusive Reports-
Us Animal Drug Compounding Market: https://www.persistencemarketresearch.com/market-research/us-animal-drug-compounding-market.asp
Veterinary Anti Infectives Market: https://www.persistencemarketresearch.com/market-research/veterinary-anti-infectives-market.asp
Orthopedic Veterinary Implants Market: https://www.persistencemarketresearch.com/market-research/orthopedic-veterinary-implants-market.asp
Animal Health Active Pharmaceutical Ingredients Market: https://www.persistencemarketresearch.com/market-research/animal-health-active-pharmaceutical-ingredients-market.asp
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Persistence Market Research
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