2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theAnimal Drug Compounding Market?

The animal drug compounding market’s projected growth is attributed to an expected increase in animal adoption rates. Animal adoption is characterized by obtaining animals from rescuing organizations instead of buying them from breeders or pet stores. This is attributed to the fact that these adoptive animals may have pre-existing medical conditions or may necessitate medicine that may not be available in regular forms, necessitating the need for personalized animal medication. As a result, the demand for animal drug compounding escalates with an increased number of pet owners seeking tailored medications for their adopted animals. For instance, Novuna, a financial service company based in the UK, reported in October 2023 that around 10,070 dogs were adopted, marking an 11.06% rise compared to the previous year, 2022. Consequently, the growing trend in animal adoption rates is fueling the expansion of the animal drug compounding market.

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#How Does the ProjectedAnimal Drug Compounding Market Growth Compare Over the Forecast Period?

The market size of animal drug compounding has experienced consistent and strong growth in the past few years. The market, which is expected to expand from $1.67 billion in 2024 to $1.79 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historical period include the regulatory environment, veterinary practices, market awareness, restricted commercial choices, and collaboration in the veterinary sphere.

In the coming years, it is projected that the animal drug compounding market will experience a significant increase in size. By 2029, the market is expected to reach a value of $2.38 billion with a compound annual growth rate (CAGR) of 7.4%. This anticipated growth over the forecast period can be linked to factors such as regulatory changes, evolving pet ownership trends, specialized veterinary care developments, globalization of veterinary services, and advancements in the field of veterinary medicine. According to predictions, the forecast period will see a rise in trends such as an emphasis on improving flavor and palatability, an increased demand for specialized dosage forms, stronger collaboration between veterinarians and compounding pharmacists, an increased focus on pain management solutions, and a growing role in veterinary hospice care.

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What Are the Current Market Growth and Trends in theAnimal Drug Compounding Market That Industry Players Should Watch?

Leading businesses in the animal drug compounding market are exploring the creation of novel products such as cat-centric medications, to improve the safety and efficiency of drugs custom-made for felines. Cat-centric medications indicate products specifically tailored to be harmless, effective and attractive for cats. For example, in September 2024, Wedgewood, a company from the USA specializing in veterinary pharmaceuticals, introduced a compounded form of molnupiravir, an antiviral medication created expressly for the treatment of Feline Infectious Peritonitis (FIP) in cats. This version of molnupiravir offers cat-centered formulations in diversified dosages meant to address different FIP conditions – effusive, non-effusive, neurological, and ocular. This implies the creation of diverse dosages and flavors such as flavored oral oil suspensions and capsules, to cater to the specific needs of each feline patient.

What Are the Major Market Players Making an Impact on theAnimal Drug Compounding Market Growth?

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

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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

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https://www.thebusinessresearchcompany.com/customise?id=9964&type=smpGlobal Animal Drug Compounding Market, Global Animal Drug Compounding Market Report, Global Animal Drug Compounding Market Trends, Global Animal Drug Compounding Market Size

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