Veterinary Drugs Compounding Market, By Drug Class (CNS Agents, Anti-infective Agents, Hormones and Substitutes, Anti-inflammatory Agents, Others), By Animal Type (Companion Animals and Livestock Animals), By Formulation (Oral, Injectable, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI4796

Pages :224

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Concentration and Competitive Landscape

Veterinary Drugs Compounding Market Concentration By Players

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Increase in lifestyle diseases in pets

Increasing lifestyle driven diseases like obesity, diabetes and joint problems in pets can drive the market growth. This is mainly due to factors like excessive feeding of homemade or packaged snacks, lack of physical activity for indoor pets and genetic predispositions in some breeds. Growing prevalence of such non-communicable diseases among pets requires customized medical solutions. Compounded drugs serve this need as these allow modifications based on individual pet's medical history, symptoms and tolerance levels. Vets find them useful as these medications can be precisely formulated with specific dosage, flavors and delivery methods. This tailor-made approach of compounded drugs boosts their demand for management of lifestyle illnesses in pets. Moreover, as age of pets is rising owing to better healthcare, geriatric conditions are emerging as a new challenge. This can boost the need for compounded medications, especially for multi-drug therapies prescribed to aged pets.

Key Players Insights