Animal drug compounding addresses a variety of veterinary necessities, from unique pet therapies to specialised drugs.
Wilmington, Delaware, United States, Oct. 04, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The animal drug compounding market acquired US$ 1.1 billion in 2021. The market is more likely to safe a market valuation of US$ 2.4 billion by 2031 and is anticipated to experience a 7.4% CAGR from 2022 to 2031.
The equine trade’s progress brings alternatives for compounded drugs tailor-made for racehorses, addressing particular performance-related illnesses and enhancing regulatory compliance. The booming aquaculture sector requires specialised compounded medicine for fish and aquatic animals, focusing on distinctive well being challenges on this considerably increasing trade.
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Compounded drugs play a job in wildlife rehabilitation and conservation efforts, as tailor-made therapies for injured or endangered species are important. The emergence of veterinary hospice care opens avenues for palliative care compounded drugs, making certain optimum consolation and high quality of life for terminally unwell pets. Zoos and wildlife sanctuaries demand personalized pharmaceutical options for the varied species beneath their care, fueling progress on this area of interest section.
Global Animal Drug Compounding Market: Key Players
A aggressive mixture of established compounding pharmacies and modern startups characterizes the animal drug compounding market. Key elements advancing market competitors embody compliance with stringent rules and high quality assurance. The means to supply personalized, secure, and efficient drugs for numerous animal species is one other issue fueling market competitors.
Established gamers spend money on analysis and improvement to broaden their product portfolios, specializing in specialty compounds and unique animal drugs. Additionally, collaborations with veterinarians and animal care establishments improve market attain.
Companies that prioritize high quality, regulatory adherence, and specialization keep a aggressive edge on this evolving market with the rising demand for personalised veterinary therapies. Just a few main trade gamers within the international animal drug compounding market are:
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Wedgewood Pharmacy
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Triangle Compounding Pharmacy
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Davis Islands Pharmacy
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Custom Med Compounding Pharmacy
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Central Compounding Center South
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Wellness Pharmacy of Cary
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Caringbah Compounding Pharmacy
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Millers Pharmacy
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Smith’s Pharmacy
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Specialist Compounding Pharmacy Pte Ltd.
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Tache Pharmacy
Product Portfolio
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Wedgewood Pharmacy gives a complete product portfolio of compounded drugs, specializing in personalized formulations, dosage types, and supply strategies, catering to the distinctive healthcare wants of sufferers and practitioners.
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Triangle Compounding Pharmacy gives a various product portfolio of compounded drugs, together with bio-identical hormone therapies, dermatological formulations, and specialty compounds. These concentrate on tailor-made options for patient-specific necessities.
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Davis Islands Pharmacy presents a product portfolio that includes a variety of prescription drugs, over-the-counter drugs, and wellness merchandise. These emphasize personalised service and high quality healthcare options for the local people.
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Custom Med Compounding Pharmacy gives a various product portfolio, specializing in personalized drugs, hormone remedy, and veterinary compounds, offering tailor-made pharmaceutical options for sufferers, practitioners, and pets.
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Central Compounding Center South gives a complete product portfolio, together with compounded drugs, specialty dermatological preparations, and ache administration options. These tackle distinctive healthcare wants with precision and innovation.
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Wellness Pharmacy of Cary gives a various product portfolio, that includes a variety of prescription drugs, compounded drugs, over-the-counter merchandise, and wellness options. Committed to high quality healthcare, they supply personalised providers to cater to the distinctive wants of their valued prospects in surrounding areas.
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Key Findings of the Market Report
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Anti-infectives dominate the animal drug compounding market, making certain the well-being of animals by addressing numerous infectious ailments and selling general well being.
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Companion animals dominate the animal drug compounding market, encompassing dogs and cats, reflecting the substantial demand for specialised drugs for pets.
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Solutions dominate the animal drug compounding market, providing exact dosing and ease of administration for numerous veterinary drugs.
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Oral administration dominates the animal drug compounding market as a consequence of ease of use and extensive acceptance in numerous animal species.
Market Trends for Animal Drug Compounding
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Growing demand for personalized drugs tailor-made to individual pet wants, optimizing remedy effectiveness and security.
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Strict rules and high quality requirements in animal drug compounding to make sure product security and efficacy.
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Rising curiosity in specialised compounds like dermatological, ophthalmic, and ache administration drugs for pets.
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Increasing use of compounding for unique and non-traditional pets, addressing distinctive veterinary necessities.
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Integration of telemedicine platforms to facilitate distant consultations and prescription of compounded drugs for pets, enhancing accessibility and comfort.
Market for Animal Drug Compounding: Regional Outlook
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North America leads with superior veterinary pharmaceutical rules and a well-established compounding sector. It emphasizes high quality, security, and innovation in animal drug compounding.
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Europe showcases a rising demand for compounded veterinary medicine, pushed by pet possession traits and an elevated concentrate on animal well being. Regulatory harmonization is fostering market growth.
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Asia Pacific demonstrates important progress potential, spurred by the rising pet inhabitants and rising consciousness of specialised compounded medicine. The area’s rising markets provide alternatives for main gamers to satisfy evolving veterinary wants.
Global Animal Drug Compounding Market Segmentation
By Product
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Anti-infectives
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Metronidazole
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Ketoconazole
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Others
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Anti-inflammatory
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Prednisolone
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Tramadol
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Others
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CNS Agents
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Potassium Bromide
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Gabapentin
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Other CNS Agents
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GI Drugs
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Apomorphine
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Ursodiol
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Cisapride
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Other GI Drugs
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Others
By Animal Type
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Companion Animal
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Livestock
By Dosage Form
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Capsules
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Solutions
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Powders
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Suspension
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Others
By Route of Administration
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Oral
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Injectable
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Topical
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Rectal
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Ocular
By Region
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