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Comprehensive Animal Drug Compounding Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Animal Drug Compounding
Animal Drug Compounding Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over recent years, the size of the animal drug compounding market has displayed impressive growth. The market value is projected to increase from $1.67 billion in 2024 to $1.79 billion in 2025, representing a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period include changes to the regulatory landscape, veterinary practices, market awareness, limited commercial alternatives, and collaboration within the veterinary industry.
Animal Drug Compounding Market Size Forecast: What's the Projected Valuation by 2029?
The size of the animal drug compounding market is predicted to experience robust expansion in the upcoming years, rising to $2.38 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the growth during this forecast period include regulatory advancements, trends in pet ownership, specialized care for animals, expansion of veterinary services globally, and improvements in veterinary medicine. Notable trends set to define this period include an emphasis on flavoring and palatability, the need for specialized dosage forms, cooperation between veterinarians and compounding pharmacists, concentration on pain management solutions, and an expanding role in veterinary hospice care.
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What Are the Drivers Transforming the Animal Drug Compounding Market?
The anticipated acceleration in the animal drug compounding market is influenced by the increasing animal adoption trend. Animal adoption refers to the process of rescuing animals rather than purchasing them from pet stores or breeders. Animals that are adopted often come with pre-existing health issues or may need medication that isn't readily available in general formulations, leading to a heightened demand for tailored animal medications. The increased number of pet owners opting for personalized medications for their adopted pets raises the demand for animal drug compounding. For example, Novuna, a financial service firm based in the UK, reported in October 2023 that about 10,070 dogs were adopted, marking an 11.06% surge compared to 2022. Therefore, the growing trend in animal adoption is fuelling the expansion of the animal drug compounding market.
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What Long-Term Trends Will Define the Future of the Animal Drug Compounding Market?
Leading players in the animal drug compounding market are creating innovative offerings, such as feline-friendly medicines, to improve the safety and efficacy of drugs designed for cats specifically. Feline-friendly medicines comprise products purpose-built to be secure, efficient, and attractive to cats. For example, Wedgewood, an American veterinary pharmaceutical organization, introduced compounded molnupiravir in September 2024. This antiviral medication, compounded molnupiravir, is designed for the treatment of Feline Infectious Peritonitis (FIP) in cats. The company offers variants of molnupiravir that are friendly to felines and come in numerous dosages meant for treating varying types of FIP, such as effusive, non-effusive, neurological, and ocular. This includes manufacturing different dosages and flavors like flavored oral oil suspensions and capsules, to cater to the unique needs of each feline patient.
Which Segments in the Animal Drug Compounding Market Offer the Most Profit Potential?
The animal drug compounding market covered in this report is segmented -
1) By Animal Type: Companion Animals, Livestock Animals
2) By Product: Anti-Infective Agents, Anti-inflammatory Agents, Hormones And Substitutes, CNS Agents, Other Products
3) By Route Of Administration: Oral, Injectable, Topical, Other Routes Of Administration
4) By Application: Veterinary Hospitals, Veterinary Clinics, Veterinary Diagnostic Centers
Subsegments:
1) By Companion Animals: Dogs, Cats, Horses, Other Small Mammals
2) By Livestock Animals: Cattle, Swine, Poultry, Sheep, Goats
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Which Firms Dominate the Animal Drug Compounding Market by Market Share and Revenue in 2025?
Major companies operating in the animal drug compounding market include Wedgewood Pharmacy LLC, Triangle Compounding Pharmacy Inc., Davis Islands Pharmacy & Compounding Lab, Custom Med Compounding Pharmacy, Central Compounding Center South LLC, Wellness Compounding Pharmacy of Cary LLC, Miller's Pharmacy, Caringbah Compounding Pharmacy Pty. Ltd., Smith Drug and Compounding Inc., Specialist Compounding Pharmacy Pte Ltd., Tache Pharmacy & Medical Supplies, Hoye's Pharmacy, Vertisis Custom Pharmacy LLC, Smith-Caldwell Drug Store Inc., Sixth Avenue Medical Pharmacy, Pharmaca Integrative Pharmacy Inc., Akina Animal Health, Letco Medical LLC, The Pet Apothecary LLC, Vetsource Inc., Roadrunner Pharmacy, Medisca Inc., BCP Veterinary Pharmacy, VetRxDirect LLC, Diamondback Drugs, Vetcentric Pty. Ltd., Pet Health Pharmacy, PetMed Express Inc., PetRx2Go, South Wellness Pharmacy
Which Regions Offer the Highest Growth Potential in the Animal Drug Compounding Market?
North America was the largest region in the animal drug compounding market in 2024. The regions covered in the animal drug compounding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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