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Animal Drug Compounding Global Market 2023 - Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2032
Animal Drug Compounding Market
Animal Drug Compounding Market Size, Growth Rate, And Forecast
The global animal drug compounding market size is expected to grow from $1.44 billion in 2022 to $1.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal drug compounding market size is expected to reach $2.07 billion in 2027 at a CAGR of 7.3%.
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Animal Drug Compounding Market Drivers
A rise in the rate of animal adoption is expected to propel the growth of the animal drug compounding market going forward. Animal adoption is defined as acquiring animals through rescue groups instead of purchasing them from pet shops or breeders. Adopted animals may have pre-existing health conditions or may require medications that are not available in standard formulations, which create a demand for customized animal medications.
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Animal Drug Compounding Market Segments
• By Animal Type: Companion Animals, Livestock Animals
• By Product: Anti-infective Agents, Anti-inflammatory Agents, Hormones And Substitutes, CNS Agents, Other Products
• By Route of Administration: Oral, Injectable, Topical, Other Routes Of Administration
• By Application: Veterinary Hospitals, Veterinary Clinics, Veterinary Diagnostic Centers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Animal Drug Compounding market.
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Animal Drug Compounding Market Key Players
Major competitors in the Animal Drug Compounding market include Wedgewood Pharmacy, Triangle Compounding Pharmacy, Davis Islands Pharmacy & Compounding Lab, CustomMed Compounding Pharmacy.
The Business Research Company's "Global Animal Drug Compounding Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Animal Drug Compounding Market Include:
1. Executive Summary
2. Animal Drug Compounding Market Characteristics
3. Animal Drug Compounding Market Trends And Strategies
4. Animal Drug Compounding Market - Macro Economic Scenario
5. Animal Drug Compounding Market Size And Growth
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26. Africa Animal Drug Compounding Market
27. Animal Drug Compounding Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Drug Compounding Market
29. Animal Drug Compounding Market Future Outlook and Potential Analysis
30. Appendix
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