Global Animal Drug Compounding Market Size & Outlook
The animal drug compounding industry worldwide is expected to reach a projected revenue of US$ 2,452.1 million by 2030. A compound annual growth rate of 8% is expected of the worldwide animal drug compounding industry from 2023 to 2030.
Revenue, 2022 (US$M)
$1,320.5
Forecast, 2030 (US$M)
$2,452.1
CAGR, 2023 - 2030
8%
Report Coverage
Worldwide
Global animal drug compounding market, 2018-2030 (US$M)
Related Markets
Global animal drug compounding market highlights
- The global animal drug compounding market generated a revenue of USD 1,320.5 million in 2022 and is expected to reach USD 2,452.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8% by 2030.
- In terms of segment, oral accounted for a revenue of USD 710.6 million in 2022.
- Topical is the most lucrative route of administration segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,320.5 million |
| Market revenue in 2030 | USD 2,452.1 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Topical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Injectable, Topical, Other Routes |
Other key industry trends
- In terms of revenue, the North America accounted for 40.1% of the global animal drug compounding market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 171.1 million by 2030.
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Animal Drug Compounding Market Scope
Animal drug compounding market segmentation & scope
Animal Drug Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global animal drug compounding market size, by regions, 2018-2030 (US$M)
Top 10 countries: Animal drug compounding market size, 2022 (US$M)
Global animal drug compounding market share, by route of administration, 2022 & 2030 (%, US$M)
Animal drug compounding market: Opportunity assessment by country
Global animal drug compounding market, by region, 2022 (US$M)
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