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The Animal Drug Compounding Market To Witness A Staggering Growth Between 2021-2031 (At US$ 1.9 Bn)

July 27th, 2021 Persistence Market Research Releases

The Global Animal Drug Compounding Market Share is expected to be worth US$ 1.9 Bn at a CAGR of 8% between 2021-2031. The present scenario is that of advanced features such as online bill pay, online appointment scheduling, lab results, and easily accessible medical records being incorporated in the healthcare vertical, which are expected to add to patients’ experience along with the effect of healthcare tools. This scenario is expected to continue in the upcoming period as well.

Scarce availability of FDA-approved drug formulations for diseases in animals is mended through animal drug compounding, with varied formulations and administration of desired active ingredients. Furthermore, compounded animal drugs are available in alternate dosage forms and dosage strengths, unlike branded veterinary drugs that often come in a single dosage or strength.

Many drugs contain flavoured formulations for the purpose of increasing palatability and compliance. This is done by changing the gritty texture into a smooth and creamy consistency. Abnormal limb coordination, seizures, behavioural changes and blindness in animals such as dogs and cats is commonly observed. CNS drugs are most frequently dispensed in order to treat neurological disorders in animals, and account for the highest demand as far as animal drug compounding is concerned.

Persistence Market Research predicts that the global market for animal drug compounding will be valued at close to US$ 1.9 Bn in 2021, and expand at an 8% CAGR over the forecast period (2021-2031).

Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/12871

Company profiles:

  • Hoye’s Pharmacy
  • Vertisis Custom Pharmacy
  • Smith Caldwell Drug Store
  • Sixth Avenue Medical Pharmacy
  • Dougherty’s Pharmacy
  • Triangle Compounding Pharmacy Inc.
  • Medisca Inc.
  • Wedgewood Pharmacy
  • Millers Pharmacy
  • Chiron Compounding Pharmacy
  • MEDS Canadian Compounding Pharmacy
  • Aurora Compounding
  • Pace Pharmacy
  • Victoria Compounding Pharmacy
  • Pratt’s Compounding Pharmacy
  • People’s Choice Pharmacy

Request for Methodology @ https://www.persistencemarketresearch.com/methodology/12871

Key Takeaways from Market Study

  • The global market for animal drug compounding is projected to expand 2Xover the next ten years.
  • Manipulation of animal moods and emotions through hormones and substitutes is expected to aid market growth over the coming years.
  • Oral formulations are set to dominant the market share at around 80%by 2031.
  • Increasing awareness about the medical needs of companion pets is expected to contribute to market growth.
  • The region of North America dominates the global animal drug compounding market, and is expected to retain its top position over the forecast period as well.
  • The market in the U.S. is expected to progress at around 8% CAGRthrough 2031, while that in the U.K. is projected to expand at around 10% over the decade.

“Unavailability of commercially produced branded drugs in the market with specific and desired formulations is set to fuel demand for compounded drug formulations over the years to come” says the Persistence Market Research analyst.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/12871

CNS Drugs Remain Highly Attractive

Central nervous system inflammation in companion animals such as dogs and cats is highly common and results in several neurological disorders. This can result in behavioural changes, seizures, blindness, and abnormal limb coordination. Incorporation of CNS agents in compounded drugs for animals can effectively be helpful in the treatment of nervous abnormalities in them. As such, the CNS agents segment holds around 36% share in the global market for animal drug compounding, in terms of product.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the animal drug compounding market in its latest study, presenting historical demand assessment of 2016 – 2020and projections for 2021 – 2031. The research study is based on product (CNS agents, anti-infective agents, hormones and substitutes, anti-inflammatory agents, and others), animal (companion animals and livestock animals), and formulation (oral, injectable, and others), across seven key regions of the world (North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa.

Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry

Related Reports:

Malignant Mesothelioma Market:

Pemetrexed and combination segment is the largest segment by drug type in the global malignant mesothelioma market, which is estimated to represent close to US$ 160 Mn, or more than 45% revenue share of the total market in 2017 and more than US$ 300 Mn by the end of the forecast period of 2017–2025, expanding at CAGR of 8.4%.

Bile Duct Cancer Treatment Market:

As per Persistence Market Research, the global bile duct cancer treatment market is expected to witness a CAGR of over 9% between 2020 and 2030. Cancer is amongst the leading cause of fatalities across the globe. The WHO states that cancer accounts for close to 8.3 Mn deaths every single year. It further states that around 70% novel cases of cancer are expected to get registered over the subsequent 2 decades.

Animal Health Active Pharmaceutical Ingredients Market:

The global animal health active pharmaceutical ingredient (API) market is projected to register an impressive expansion at 7.3% CAGR during the forecast period 2017 to 2025, according to a recent study by Persistence Market Research (PMR). PMR’s study estimates the market to increase from revenues worth US$ 5,216.1 Mn in 2017 to reach US$ 9,162.2 Mn by 2025-end.

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
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