Published by Persistence MarketResearch
Posted on September 27, 2021
The Animal Drug Compounding Market is expected to be worth US$ 1.9 Bn at a CAGR of 8% between 2021-2031. Healthcare is going the “digital” way. In other words, artificial intelligence (AI)-enabled medical devices and telemedicine are the concrete instances of the proliferation of the digital wave in the healthcare industry. This factor would be the one traversing the healthcare vertical in the forecast period.
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:
Request for Methodology @ https://www.persistencemarketresearch.com/methodology/12871
Key Takeaways from Market Study
“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.
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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:
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The post The Animal Drug Compounding Market To Move Beyond Rigidity Backed By Innovation (US$ 1.9 Bn) Between 2021-2031 appeared first on Lake Shore Gazette.
The Animal Drug Compounding Market is expected to be worth US$ 1.9 Bn at a CAGR of 8% between 2021-2031. Healthcare is going the “digital” way. In other words, artificial intelligence (AI)-enabled medical devices and telemedicine are the concrete instances of the proliferation of the digital wave in the healthcare industry. This factor would be the one traversing the healthcare vertical in the forecast period.
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:
Request for Methodology @ https://www.persistencemarketresearch.com/methodology/12871
Key Takeaways from Market Study
“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.
Access Related Reports:
Bioinformatics Market:
The global bioinformatics market is exhibiting a 20.40% CAGR from 2014 to 2020, according to a new market study recently released by Persistence Market Research. The market was calculated to be worth US$4.1 bn in 2014 and is estimated to reach US$12.5 bn by 2020
Medical Image Analysis Software Market:
The global medical image analysis software market is slated to touch a value of about US$ 3,800 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
Scoliosis Management Market:
In terms of value, the global scoliosis management market is projected to register a CAGR of 3.6% during the forecast period due to various factors, regarding which the report offers vital insights in detail. Rapidly growing demand for non-invasive treatments is expected to bolster overall growth of the scoliosis management market globally.
High Throughput Process Development Market:
The global high throughput process development market is projected to exhibit a CAGR of 9% over the forecast period (2019 – 2029).
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
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
The post The Animal Drug Compounding Market To Move Beyond Rigidity Backed By Innovation (US$ 1.9 Bn) Between 2021-2031 appeared first on Lake Shore Gazette.
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