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What are the Key Projections for the CAGR of the Animal Drug Compounding Market From 2025 to 2034?

Over the past several years, the size of the animal drug compounding market has seen significant expansion. The market, which was valued at $1.67 billion in 2024, is expected to increase to $1.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth in the historic period are shaped by the regulatory landscape, veterinary practices, market awareness, the scarcity of commercial options, and collaboration in the veterinary field.

In the coming years, the animal drug compounding market is set to experience a significant increase in size, reaching $2.38 billion in 2029 with a compound annual growth rate of 7.4%. This growth through the forecast period can be accredited to factors such as regulatory changes, rising trends in pet ownership, the advancement of specialized veterinary care, the expansion of veterinary services globally, and the progression in veterinary science. Key aspects predicted to shape the market throughout the forecast period are an increased focus on drug flavoring and palatability, a rising demand for specialized dosage forms, collaborations between veterinarians and compounding pharmacists, an emphasis on pain relief solutions, and an enhanced role in the field of veterinary hospice care.

What Key Drivers Are Accelerating the Growth of the animal drug compounding Market During the Forecast Period?

The anticipated surge in animal adoption rates is projected to fuel the expansion of the animal drug compounding market. Animal adoption constitutes the attainment of animals via rescue groups instead of buying from pet shops or breeders. These adopted animals may have existing health ailments or may need drug prescriptions that standard formulations don’t offer, necessitating personalized animal medicines. As growing numbers of pet owners will look for customized drugs for their adopted pets, the requirement for animal drug compounding escalates. For instance, Novuna, a financial services firm based in the UK, disclosed in October 2023 that around 10,070 dogs had been adopted, marking an increase of 11.06% compared to 2022. Hence, the escalating animal adoption rates are spurring the growth of the animal drug compounding market.

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What Are the Key Industry Players Leading the Charge in the Animal Drug Compounding Market’s Growth?

Major companies operating in the animal drug compounding market include:

• Wedgewood Pharmacy LLC_x000D_

• Triangle Compounding Pharmacy Inc._x000D_

• Davis Islands Pharmacy & Compounding Lab_x000D_

• Custom Med Compounding Pharmacy_x000D_

• Central Compounding Center South LLC_x000D_

How Are Market Trends and Shifts Impacting the Growth Trajectory of the Animal Drug Compounding Market?

Leading firms in the animal drug compounding market are pioneering new products such as cat-specific formulations to improve the safety and efficacy of medications customized for cats. These cat-friendly formulations constitute items intentionally crafted to be safe, effective, and attractive to cats. For instance, in September 2024, Wedgewood, an American veterinary pharmaceutical corporation, introduced a compounded form of the antiviral drug, molnupiravir. This is a specially designed treatment for Feline Infectious Peritonitis (FIP) in cats. The cat-friendly preparations of molnupiravir they provide are available in a range of dosages to address various FIP forms such as effusive, non-effusive, neurological, and ocular. The company adopts an approach to produce different dosages and flavors, including flavored oral oil suspensions and capsules, to cater to the unique health needs of individual cat patients.

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How Are the Key Segments of the Animal Drug Compounding Market Driving Opportunities and Innovations?

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

What Regions Are Influencing the Dynamics of 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

How Is the Scope and Reach of the Animal Drug Compounding Market Defined?

Animal drug compounding is defined as the process of mixing and altering the ingredients of multiple medicines to create a customized medicine to treat the specific needs of a single animal or multiple animals. It is used for providing medical treatment for animals and is a process that plays an important role in veterinary medicine.

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