Press release
Exclusive Report on Global Animal Drug Compounding Market Analysis Report 2021 and Forecast to 2028 with different segments, Key players Like-Triangle Compounding Pharmacy, Medisca, Lorraine's Pharmacy, ESSENTIAL PHARMACY COMPOUNDING VET
Global Animal Drug Compounding MarketAnimal drug compounding for animals contains mixing, alerting, and combining ingredients to create drugs tailored to the medical needs of individual animals. Lack of availability of generic veterinary medicine in desired dosage forms for optimum efficiency is driving demand for compounded animal drugs.
The increase in medicinal droughts in required medication levels across the globe as well as the increase in cost of branded prescription equivalents is anticipated to boost the global animal drug compounding market growth over the forecast period. The growing humanization of pets and the increase in adoption of animals in developed nations is expected to propel the growth of animal drug compounding market growth. For instance, in 2015 American Pet product Association had estimated that, families in United States owned 70-80 million dogs & 74-96 million cats. Availability of information makes per owners extremely perspective and therefore increases demand for quality veterinary care will positively influence the market growth during this forecast period.
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Lack of trained and skilled medical professionals in animal health space is a primary restraining factor limiting the adoption of animal drug compounding in GCC countries. Also, lack of skilled veterinary compounding medical professionals’ leads to false prescriptions may hamper the market growth.
Market Segmentation
The Global Animal Drug Compounding Market is segmented into product type such as CNS Agents, Anti-infective Reagents, Anti-Inflammatory Agents, Hormones and Substitutes, and Others, by formulation such as Oral, Injectable, and Others. Further, market is segmented into animal type such as Dogs, Cats, and Others.
Also, the Global Animal Drug Compounding Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are listed in this report such as Triangle Compounding Pharmacy, Medisca, Lorraine's Pharmacy, ESSENTIAL PHARMACY COMPOUNDING VET, Diamondback Drugs of Delaware, LLC, etc.
Market Taxonomy
By Product Type
• CNS Agents
• Anti-infective Reagents
• Anti-Inflammatory Agents
• Hormones and Substitutes
• Others
By Formulation
• Oral
• Injectable
• Others
By Animal Type
• Dogs
• Cats
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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