Australia Animal Drug Compounding Market Size & Outlook

The animal drug compounding market in Australia is expected to reach a projected revenue of US$ 59.7 million by 2030. A compound annual growth rate of 10.4% is expected of Australia animal drug compounding market from 2023 to 2030.
Revenue, 2022 (US$M)
$27.1
Forecast, 2030 (US$M)
$59.7
CAGR, 2023 - 2030
10.4%
Report Coverage
Australia

Australia animal drug compounding market highlights

  • The Australia animal drug compounding market generated a revenue of USD 27.1 million in 2022 and is expected to reach USD 59.7 million by 2030.
  • The Australia market is expected to grow at a CAGR of 10.4% from 2023 to 2030.
  • In terms of segment, oral was the largest revenue generating route of administration in 2022.
  • Topical is the most lucrative route of administration segment registering the fastest growth during the forecast period.

Animal drug compounding market data book summary

Market revenue in 2022USD 27.1 million
Market revenue in 2030USD 59.7 million
Growth rate10.4% (CAGR from 2022 to 2030)
Largest segmentOral
Fastest growing segmentTopical
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOral, Injectable, Topical, Other Routes
Key market players worldwidePartners Group Holding AG, Vimian Group AB, Pharmaca, Akina, Triangle Compounding Pharmacy, Central Compounding Pharmacy, Wellness Compounding Pharmacy, Miller Pharmacy

Other key industry trends

  • In terms of revenue, Australia accounted for 2.1% of the global animal drug compounding market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China animal drug compounding market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 94.3 million by 2030.

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Animal Drug Compounding Market Scope

Animal drug compounding market segmentation & scope
Oral
Injectable
Topical
Other Routes
Dogs
Cats
Other Companion Animals
Livestock Animals
Anti-infective Agents
Anti-inflammatory Agents
Hormones & Substitutes
CNS Agents
Other Products
Suspensions
Solution
Capsules

Animal Drug Compounding Market Companies

Name Profile # Employees HQ Website

Australia animal drug compounding market size, by route of administration, 2018-2030 (US$M)

Australia Animal Drug Compounding Market Outlook Share, 2022 & 2030 (US$M)

Australia animal drug compounding market size, by route of administration, 2018-2030 (US$M)

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