Veterinary Compounding Pharmacies Market Was Valued at USD 1.9 Billion in 2021. The growth is attributed to the increasing demand for Flavored Medications for Companion Animal

According to Precision Business Insights (PBI), the latest report, the veterinary compounding pharmacies market is worth USD 1.9 billion in 2021, growing at an 8.5% CAGR from 2022 to 2028. The Global Veterinary Compounding Pharmacies market is segmented into the following types: By Type of Animal (Swine, Poultry, Bovine, Equine, Canine, and Aquaculture), By Type of Dosage (Flavoured Liquids, Tablet Triturates, Transdermal, Capsules, and Flavoured pastes), By Product (CNS Agents, Anti-Infective Agents, Hormones and Substitutes, Anti- Inflammatory Agents, and Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the Veterinary Compounding Pharmacies market report are 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, and MEDS Canadian. Animal drug compounding stakeholders have significantly benefited as innovations in the manufacturing and pharmaceutical sectors have accelerated. During the previous five years, demand for various animal drug compounding products such as CNS agents, GI pharmaceuticals, veterinary anti-infectives, anti-inflammatory drugs in veterinary medicine, and others increased. As the demand for animal medicine compounding products increases, significant producers are focusing more on bringing in a broader range of products with various administration methods, including oral, injectable, topical, and ocular, to mention a few. In addition, an increase in demand from the companion animal and livestock animal categories is expected to help the market thrive in the coming years.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/global-veterinary-compounding-pharmacies-market/

CNS Agents Segment to Dominate the Veterinary Compounding Pharmacies Market:
The CNS agents' segment is expected to account for a larger revenue share in the global veterinary compounding pharmacies market, with a value share worldwide. It is projected to grow at an X% CAGR between 2022 and 2028. The most prevalent disorders in dogs and cats suffering from CNS inflammation include impaired limb coordination, behavioral changes, seizures, and blindness. As per the International Journal of Pharmaceutical Compounding, CNS pharmaceuticals were the most widely prescribed medications in veterinary medicine, accounting for almost X% of all prescriptions. CNS agents have the largest market share because they actively respond to the process and influence nerve activity.

Asia Pacific Veterinary Compounding Pharmacies Market:
The Asia Pacific market is expected to hold a significant market share in the global veterinary compounding pharmacies market over the forecast period. It is projected to grow at a CAGR of X% in the coming years. The Asia Pacific market is predicted to increase. The region's market is expected to be propelled by a well-established healthcare infrastructure and the increased popularity of compounded veterinary medications. The region's animal medication compounding business is likely to be driven by increased pet ownership.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=16641

The veterinary compounding pharmacies market is segmented based on the type of animal, product, type of dosage, and geography:
Based On The Type Of Animal:
• Swine
• Poultry
• Ovine
• Bovine
• Equine
• Canine
• Aquaculture

Based On The Product:
• CNS Agents
• Anti-Infective Agents
• Hormones and Substitutes
• Anti- Inflammatory Agents
• Others

Based On The Type Of Dosage:
• Flavoured Liquids
• Tablet Triturates
• Transdermal
• Capsules
• Flavoured pastes

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global veterinary compounding pharmacies market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.