Latin America Animal Drug Compounding Market Size & Outlook
The animal drug compounding market in Latin America is expected to reach a projected revenue of US$ 193.5 million by 2030. A compound annual growth rate of 9% is expected of Latin America animal drug compounding market from 2023 to 2030.
Revenue, 2022 (US$M)
$97.2
Forecast, 2030 (US$M)
$193.5
CAGR, 2023 - 2030
9%
Report Coverage
Latin America
Latin America animal drug compounding market, 2018-2030 (US$M)
Related Markets
Latin America animal drug compounding market highlights
- The Latin America animal drug compounding market generated a revenue of USD 97.2 million in 2022.
- The market is expected to grow at a CAGR of 9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 97.2 million |
| Market revenue in 2030 | USD 193.5 million |
| Growth rate | 9% (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 |
| Key market players worldwide | Partners 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, Latin America region accounted for 7.4% of the global animal drug compounding market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 511.8 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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Latin America animal drug compounding market size, by country, 2018-2030 (US$M)
Latin America Animal Drug Compounding Market Outlook Share, 2022 & 2030 (US$M)
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