Over the course of the projected period, it is anticipated that the global market for compounded veterinary pharmaceuticals would expand due to the rising prevalence of canine diseases in animals. For instance, five U.S. states, including Arkansas, Mississippi, Louisiana, South Carolina, and Alabama, reported the highest prevalence of canine heartworm infection in 2019, according to the 2019 AHS Heartworm prevalence Survey. Because of this increasing burden of canine disease, new compounded medications will be developed over the projection period.
The global market for compounding Veterinary Pharmaceuticals is anticipated to reach US$ 1,179.7 Mn in 2021 and is projected to grow at a CAGR of 5.5% from 2021 to 2028.
Top Companies in the Veterinary Drugs Compounding Industry:
1. Wedgewood Pharmacy: Established in 1980. Admin centre in the U.S. proprietor of an animal compounding pharmacy. The business creates specialised sterile and non-sterile compounded drugs for animal patients, allowing patients to use medications that are tailored to their specific need. -The largest compounding pharmacy in the United States focused on animal health, Wedgewood Pharmacy, has finalised its acquisition of the majority equity share from Partners Group, a top worldwide private-markets organisation, on behalf of its customers. On December 19, 2020, a purchase agreement was announced to have been signed.
2. Pace Pharmacy: In Toronto, Ontario, Canada, there is a collection of specialised pharmacies called Pace Pharmacy that are all independently owned and run. The staff at Pace Pharmacy immediately established itself as the top compounding pharmacy in downtown Toronto after opening its first doors in the summer of 2010. Today, Pace Pharmacy provides services to doctors and patients all around Canada. Adding FDA Regulatory Affairs Strategy and Consulting Capabilities to the Biotechnology and Pharmaceutical Markets through the Acquisition of Biopharma Global by Pace® Life Sciences.
3. Tache Pharmacy: Since 1974, Winnipeg residents have had access to specialised pharmacy services, pharmacist consultations, prescription medications, and medical supplies through the community pharmacy and medical supply store Tache Pharmacy & Medical Supplies, which is situated in Winnipeg.
4. The Pet Apothecary: Established in 1999. The Pet Apothecary is a Milwaukee-based, national veterinary compounding pharmacy. Due to our skilled chemists and extensive assortment of prescription pet drugs, The Pet Apothecary is a top compounding pharmacy of choice for veterinarians. With the acquisition of PetCareRx, PetMeds broadens its reach.
5. Golden Gate Veterinary Compounding Pharmacy: Founded in 2000. Since 2000, the Golden Gate Veterinary Compounding Pharmacy has made customised pet medications. A family-run pharmacy, Golden Gate Veterinary Compounding Pharmacy is currently run by the second generation. Brava is now Golden Gate Veterinary Compounding Pharmacy. Customers now have access to a wider network of outstanding veterinary pharmacies across the nation thanks to Brava, which also brings fresh knowledge, enhanced service standards, and superior client care.
6. CareFirst Specialty Pharmacy: Pharmaceutical distributor and wholesaler with a focus on enhancing patient access to care. Blood plasma, nephrology, vaccine, and injectable biological products are among the pharmaceuticals and healthcare products offered by the business. These products help healthcare providers, pharmaceutical, and biotech manufacturers improve patient access to products and patient care through a variety of services, such as drug distribution, niche premium logistics, reimbursement, and pharmaceutical consulting services. Established in 2006. Headquarters at U.S.
7. Triangle Compounding Pharmacy: Established in 1999. United States headquarters. Service provider for custom-made pharmaceuticals. In order to create personalised therapies using approved active pharmaceutical components, the company prepares its compounded drugs using patented technology. This enables patients to receive prescriptions that are tailored to their individual needs as assessed by the physician.
*Definition: Veterinary drugs (VMPs) are pharmacologically active substances that are administered to animals in the case of disease.
