Animal Drug Compounding Market Report- Expansive Coverage on the Profit Sources

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Animal Drug Compounding Market Size, Share & Trends Analysis Report By Animal Type (Companion Animals, Livestock Animals), By Product (Anti-infective Agents, Anti-inflammatory Agents, Hormones & Substitutes, CNS Agents, GI Drugs), By Route of Administration (Oral, Injectable, Topical), By Dosage Form (Suspensions, Solutions, and Capsules)- Market Outlook And Industry Analysis 2031"

The global Animal Drug Compounding market is estimated to reach over USD 4.12 billion by 2031, exhibiting a CAGR of 8.17% during the forecast period.

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The benefits of compounded drugs-such as enhanced patient compliance and cost-effectiveness-have led many veterinarians to favor their use. According to AVMA research, increased medicine shortages reported by the FDA, coupled with the resale of drugs at significantly higher prices, have driven a substantial rise in the compounding of medications for animals over the past five years. Compounded formulations become especially critical when commercially available drugs are ineffective or unavailable in the required dosage for animals; for example, a parakeet or a cat that refuses to take a standard pill may benefit from a specially formulated dosage.

Additionally, global pet ownership has surged, with the number of countries reporting pet ownership increasing significantly. Although activity levels were subdued during the first half of the year, there was a notable rebound in the latter half following the easing of restrictions. The pandemic-induced global drug shortages and a rising rate of medication failure are expected to further boost demand for veterinary compounding services.

List of Prominent Players in the Animal Drug Compounding Market:
• Akina Animal Health
• Aurora Compounding
• Caringbah Compounding Pharmacy
• Central Compounding Center South
• Chiron Compounding Pharmacy
• Custom Med Compounding Pharmacy
• Davis Islands Pharmacy and Compounding Lab
• Dougherty's Pharmacy
• Hoye's Pharmacy
• Medisca Inc.
• MEDS Canadian Compounding Pharmacy
• Millers Pharmacy
• Pace Pharmacy
• People's Choice Pharmacy
• Pharmaca.
• Pratt's Compounding Pharmacy
• Sixth Avenue Medical Pharmacy
• Smith Caldwell Drug Store
• Smith's Pharmacy
• Specialist Compounding Pharmacy Pte Ltd.
• Tache Pharmacy
• Triangle Compounding Pharmacy Inc.
• Vertisis Custom Pharmacy
• Victoria Compounding Pharmacy
• Vimian
• Wedgewood Pharmacy
• Wellness Pharmacy of Cary

Market Dynamics:
Drivers-
Neurological disorders in cats and dogs, often resulting from inflammation of the central nervous system (CNS), are a significant concern in veterinary care. Conditions such as brain illnesses, seizures, poor coordination, vision impairment, and behavioral abnormalities are common in affected animals. According to the International Journal of Pharmaceutical Compounding, CNS medications account for approximately 40% of all veterinary formulations. Veterinary compounding specialists enhance patient compliance by masking unpleasant tastes and improving the palatability of medications. The potential for market growth is strongly linked to the ability of compounding experts to develop optimized, flavored formulations that meet the unique needs of veterinary patients.

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Challenges:
Despite the benefits, compounded medications for animals face notable challenges. One major concern is the documented risk of drug antagonistism, which can reduce the efficacy of certain compounded formulations. Additionally, the FDA does not fully guarantee the safety of compounded drug products, creating uncertainties for manufacturers. The absence of standardized regulatory guidelines for veterinary compounded medications further complicates efforts to ensure consistent product quality and animal welfare. These challenges, if not adequately addressed, could threaten the growth prospects for manufacturers in this market.

Regional Trends:
North America leads the veterinary compounded medications market, driven by rising pet ownership, strategic initiatives by key industry players, and increased product launches in the region. For example, Chewy, Inc.-a leader in pet e-commerce-expanded its Pharmacy (Rx) segment in November 2020 to include compounded pharmaceuticals tailored specifically for canine needs. This trend, supported by a robust regulatory framework and high consumer demand for specialized pet care, positions North America as a significant revenue contributor in this market.

Recent Developments:
• In Feb 2023, Wedgewood Pharmacy recently acquired the full-service testing facility Front Range Laboratories (FRL) in Loveland, Colorado. FRL performs analytical and microbiological testing, product stability testing, and other services to serve the testing needs of pharmacies nationwide. Wedgewood Pharmacy intends to preserve the FRL brand, which is revered across the compounding pharmacy industry as a source of superior services.
• In September 2022, On the use of bulk drug substances for compounding animal treatments, the Food and Drug Administration released final advice, which was unveiled in April. The FDA outlines the conditions under which it will exercise enforcement discretion in relation to violations of the Federal Food, Drug, and Cosmetic Act for drug approval, labelling, and manufacturing when pharmacists and veterinarians compound drugs from drug (bulk) substances for animal patients in Guidance for Industry #256, Compounding Animal Drugs from Bulk Drug Substances.

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Segmentation of Animal Drug Compounding Market-
By Animal Type-
• Companion Animals
o Dogs
o Cats
o Others
• Livestock Animals
By Product-
• Anti-infectives
o Metranidazole
o Ketaconazole
o Others
• Anti-inflammatory
o Prednisolone
o Others
• CNS Agents
o Potassium Bromide
o Gabapentin
o Other CNS Agents
• GI Drugs
o Apomorphine
o Ursodiol
o Cisapride
o Other GI Drugs
• Others
o Methimazole
o Others
By Route of Administration-
• Oral
• Injectable
• Topical
• Others
By Dosage Form-
• Suspensions
• Solutions
• Capsules
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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