Manufacturers of animal drug compounding products are expected to witness steady growth in demand over the coming years, with rise in requirement for oral, injectable, and topical routes of administration across regions. Demand for anti-infectives will rise the fastest, giving a boost to market expansion.
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As stated in a new report by Fact.MR, North America and Europe will emerge as leading regional markets for animal drug compounding, while Asia Pacific will exhibit the fastest growth throughout the forecast period of 2021 to 2031. The global animal drug compounding market is projected to progress at a moderate CAGR over the next ten years.
Key Takeaways from Market Study
- High requirement for anti-infectives likely to be witnessed.
- Oral and injectable segments to boost sales in terms of route of administration.
- Companion animal segment to emerge lucrative across regions.
- Capsule and suspension forms of dosage to augment demand growth.
- The United States remain a huge market for animal drug compounding.
- Germany to exhibit hegemony in Europe’s market for animal drug compounding.
- Asia Pacific to emerge the fastest-growing region for manufacturers of animal drug compounding products.
- The United Kingdom, China, South Korea, France, and Canada to remain high-potential markets throughout the forecast period.
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Market Segmentation by Category
- Other Antibiotics
- Other Anti-Inflammatory
- CNS Agents
- Potassium Bromide
- Other CNS Agents
- GI Drugs
- Other GI Drugs
- Other Drugs
- Route of Administration
- Oral Animal Drug Compounding
- Injectable Animal Drug Compounding
- Topical Animal Drug Compounding
- Rectal Animal Drug Compounding
- Ocular Animal Drug Compounding
- Animal Type
- Companion Animal
- Animal Drug Compounding for Dogs
- Animal Drug Compounding for Cats
- Animal Drug Compounding for Horses
- Animal Drug Compounding for Birds
- Livestock Animal
- Companion Animal
- Dosage Form
- Animal Drug Compounding Capsules
- Animal Drug Compounding Suspension
- Animal Drug Compounding Solutions
- Animal Drug Compounding Powders
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Report Benefits & Key Questions Answered
- Animal Drug Compounding Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Animal Drug Compounding Market Historical volume analysis: The report provides a comparison of Animal Drug Compounding Market historical sales and projected sales performance for 2021-2031.
- Animal Drug Compounding Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Animal Drug Compounding Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Animal Drug Compounding Market Consumption by demographics: The report investigates consumer behavior affecting Animal Drug Compounding Market demand outlook for the assessment period. Effect of their keenness for digital trends on Animal Drug Compounding Market is carefully analyzed
- Post COVID consumer spending on Animal Drug Compounding Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Animal Drug Compounding Market growth.
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