Animal Drug Compounding Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Animal Drug Compounding Market size will exhibit an 8.3% CAGR between 2024 and 2032 due to advancements in veterinary medicine and rising awareness of animal health. Innovations in drug formulation and compounding technology enable the development of more effective and personalized treatments for a variety of animal health issues. Also, the increasing focus on animal welfare and health boosts demand for tailored medications. This combination of technological progress and heightened awareness creates a growing need for customized veterinary solutions, thereby propelling market expansion and encouraging further investment in drug compounding.

For instance, in August 2024, Newland Imp. and Exp. introduced a new veterinary drug, enhancing therapeutic effects on animal diseases and offering improved treatment options. By enhancing therapeutic effects and offering improved treatment options, this development highlights the market focus on advanced and effective solutions for animal health. It may drive growth and encourage further investments in drug compounding, reflecting a trend toward more specialized and effective veterinary care.

The animal drug compounding industry is segmented based on animal type, drug type, dosage form, distribution channel, and region.

The topical segment will witness a remarkable market share by 2032, fueled by the growing need for localized treatments that offer targeted relief and minimal systemic effects. Topical formulations, such as creams, ointments, and gels, are widely used to address skin conditions, infections, and pain in animals. Their effectiveness in delivering drugs directly to the affected area enhances treatment outcomes and reduces potential side effects. This demand for precise, area-specific treatments drives the prominence of the topical segment in the market.

The anti-infective agents segment will gain a noteworthy foothold by 2032, owing to the critical role these agents play in treating and preventing infections in animals. With increasing concerns about antibiotic resistance and the need for effective treatment options, compounded anti-infectives offer tailored solutions to address specific bacterial or viral infections in various animal species. The demand for customized, precise formulations to manage animal health challenges drives the growth of this segment, solidifying its dominance in the market.

Asia Pacific animal drug compounding market share will expand significantly by 2032, attributed to its expansive livestock and pet populations, coupled with increasing investments in veterinary healthcare. The region's growing focus on enhancing animal health, driven by rising awareness and improving standards of animal care, fuels demand for customized drug formulations. Furthermore, rapid economic growth and advancements in healthcare infrastructure contribute to market expansion. Asia Pacific's substantial market presence and active participation in veterinary innovations establish it as a central contributor to the animal drug compounding industry.

Product Code: 10492

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising prevalence of chronic disease in animals
  - 3.2.1.2 Growing regulatory support
  - 3.2.1.3 Advancements in veterinary medicine
  - 3.2.1.4 Growing pet ownership and spending
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Limited awareness and acceptance
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Future market trends
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Company matrix analysis
4.4 Competitive analysis of major market players
4.5 Competitive positioning matrix
4.6 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Animal Type, 2021 - 2032 ($ Mn)

5.1 Key trends
5.2 Companion animals
5.3 Livestock animals

Chapter 6 Market Estimates and Forecast, By Drug Type, 2021 - 2032 ($ Mn)

6.1 Key trends
6.2 Anti-infective agents
6.3 Anti-inflammatory agents
6.4 Hormones and substitutes
6.5 CNS agents
6.6 Other drug types

Chapter 7 Market Estimates and Forecast, By Dosage Form, 2021 - 2032 ($ Mn)

7.1 Key trends
7.2 Oral
- 7.2.1 Tablets
- 7.2.2 Capsules
- 7.2.3 Liquids
- 7.2.4 Other oral dosage forms
7.3 Topical
- 7.3.1 Ointments
- 7.3.2 Creams
- 7.3.3 Gels
- 7.3.4 Sprays
7.4 Injectable
7.5 Other dosage forms

Chapter 8 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($ Mn)

8.1 Key trends
8.2 Veterinary hospitals pharmacies
8.3 Compounding pharmacies
8.4 Other distribution channels

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 The Netherlands
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa

Chapter 10 Company Profiles

10.1 AVRIO Pharmacy
10.2 New Era Pharmacy
10.3 NexGen Pharmaceuticals
10.4 Pace Pharmacy
10.5 SaveWay Compounding Pharmacy
10.6 ScriptWorks
10.7 SCIRx Pharmacy
10.8 Summit Veterinary Pharmacy Ltd.
10.9 Triangle Compounding Pharmacy
10.10 The Pet Apothecary
10.11 Veterinary Pharmaceutical Solutions
10.12 Veterinary Specialty Pharmacy
10.13 WEDGEWOOD PHARMACY