Canada Veterinary Healthcare Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Canada Veterinary Healthcare Market is Segmented by Product (Therapeutics (Vaccines, Parasiticides, Anti-infectives, Medical Feed Additive, and Other Therapeutics) and Diagnostics (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, and Other Diagnostics) and Animal Type (Dogs and Cats, Horses, Ruminants, Swine, Poultry, and Other Animal Types). The report offers value (in USD million) for the above segments.

Canada Veterinary Healthcare Market Size

Canada Veterinary Healthcare Market Summary
Study Period: 2018 - 2028
CAGR: 7.54 %

Major Players

Canada Veterinary Healthcare Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Canada Veterinary Healthcare Market Analysis

The Canada Veterinary Healthcare Systems Market is expected to register a CAGR of 7.25% over the forecast period.

The COVID-19 pandemic had a significant impact on the market. Extensive information is available regarding animal coronavirus concerning its evolution and pathophysiology. According to the Government of Canada, in June 2022, different animal species tested positive for the virus that causes COVID-19 during the pandemic. Furthermore, according to the Canadian Food Inspection Agency, 2022, the COVID-19 pandemic was exacerbated by the intra-pandemic emergence of novel variants of concern (VOCs) and multiple ongoing outbreaks of highly pathogenic avian influenza (HPAI) in the country. The development, transmission, and impact of zoonotic illnesses are influenced by intersecting biological, ecological, and socioecological processes, which propel the market. However, post-pandemic pet care has increased in Canada. For instance, according to Canadian Animal Health Institute data updated in April 2022, between 2020-2022, the Canadian dog and cat populations continued to grow, increasing from 7.7 million to 7.9 million for dogs and 8.1 million to 8.5 million for cats. Furthermore, there is a 3% increase in the number of cats that visited a veterinary clinic in the previous 12 months, from 58% in 2020 to 61% in 2022. Thus, the increase in veterinary clinic visits is expected to drive the market during the forecast period.

The Canadian veterinary healthcare market is primarily driven by increasing animal adoption, the rising burden of animal diseases, and increased spending on animal health. For instance, according to an article published by Osler, Hoskin & Harcourt LLP, in June 2021, 18% of Canadian pet owners acquired their companion during the pandemic. The Canadian population has high levels of awareness regarding companion animals and livestock, resulting in the increasing adoption of these animals for social well-being and a healthy lifestyle, eventually driving the market's growth.

In addition, there has been increasing demand for analgesics, antibiotics, anti-inflammatory drugs, and anesthetics, followed by biologics and vaccines for veterinary services such as dogs and cats. According to MDPI, in September 2022, increased use of Tri-Solfen with NSAIDs significantly reduces pain and suffering in livestock, with enhanced healing of FMD lesions, reduced viral loads from Orf infections in lambs, and diminished necessity of ‘antibiotic cover,’ assisting antimicrobial-resistance (AMR) stewardship. The increased demand and advantage
of biologics and vaccines for veterinary services are supposed to drive the market.

Thus, the abovementioned factors are impacting the market growth of the Canada Veterinary Healthcare systems market. However, counterfeit medicines and the high costs of animal testing and veterinary services are expected to restrain the market growth.

Canada Veterinary Healthcare Industry Segmentation

The veterinary healthcare market comprises therapeutic and diagnostic products and solutions for companion and farm animals. Companion animals can be tamed or adopted for companionship or as house/office guards, and farm animals are raised for meat and milk-based products. Companion animals include canines, felines, and equines. Farm animals include bovine, poultry, and porcine. 

Canada Veterinary Healthcare Market is Segmented by Product (Therapeutics (Vaccines, Parasiticides, Anti-infectives, Medical Feed Additive, and Other Therapeutics) and Diagnostics (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, and Other Diagnostics) and Animal Type (Dogs and Cats, Horses, Ruminants, Swine, Poultry, and Other Animal Types). The market report also covers the estimated market sizes and trends for Canada. The report offers the value (in USD million) for the above segments.

By Product
By Therapeutics
Medical Feed Additives
Other Therapeutics
By Diagnostics
Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Clinical Chemistry
Other Diagnostics
By Animal Type
Dogs and Cats
Other Animal Types

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Canada Veterinary Healthcare Market Trends

This section covers the major market trends shaping the Canada Veterinary Healthcare Market according to our research experts:

Vaccines Segment is Expected to Witness High Growth Over the Forecast Period

Vaccines comprise viruses, bacteria, or other disease-causing organisms that have been killed or attenuated so that they cannot cause further disease and can boost the immunity. The Canadian Food Inspection Agency regulates veterinary biologics like vaccines to ensure that the products used on animals in the country are pure, potent, safe, and effective. The import of veterinary vaccines to the country needs a valid import permit issued by the CFIA-CCVB in Ottawa. In some parts of the country, it is mandatory to vaccinate every cat and dog, especially where there are high risks of rabies. According to the Canadian veterinary community, every dog should be vaccinated with core vaccines.

Furthermore, several initiatives have been undertaken by the country to promote veterinary care. According to the report published by Canadian Animal Health Institute in February 2021, from 2018 to 2020, the Canadian dog population continued to grow from 7.6 million to 7.7 million, while the population of cats stabilized. However, cats continue to outnumber dogs, with 8.1 million cats being considered household pets in 2020. Out of the population of dogs and cats, the percentage of pets receiving veterinary medical care during the past 12 months increased more significantly for cats than dogs. The increase in veterinary visits for cats was most pronounced in the months following the COVID-19 outbreak. Hence, an increasing number of pets are expected to augment the market’s growth. The growing number of pets will increase the number of vaccines required and boost the market’s growth. Moreover, recent advancements, the availability of vaccines, and new product launches are projected to fuel the segment’s growth over the forecast period.

Thus, the market for veterinary healthcare in Canada is projected to grow over the forecast period.

Canada Veterinary Healthcare Market - Number of veterinarians in Canada, 2021

Dogs and Cats Segment is Expected to Witness High Growth Over the Forecast Period

The rising number of pet insurance in the country and the increasing ownership of pet animals among the population are expected to drive segmental growth. For instance, according to the 2022 statistics published by the  Insurance Information Institute, it has been observed that in Canada, 432,533 pets were insured at the end of 2021, with an increase of 22.7% as compared to 2020. Hence, an increase in pet insurance is expected to drive the market in the country.

Additionally, according to an article published by the Frontiers in Veterinary Medicines in October 2021, “Perspectives of Canadian and American Cats Owners on Provision of Uncontrolled Outdoor Access for Owned Domestics Cats,” it has been observed that 37% of Canadian households own one or more cats. Thus, an increase in pet adoption is expected to boost the market.

Thus, the market studied in Canada is expected to project growth over the forecast period due to the abovementioned factors.

Canada Veterinary Healthcare Market - Percentage of Insured Pets, Canada, 2022

Canada Veterinary Healthcare Industry Overview

The Canadian veterinary healthcare market has rapidly evolved over the last few years. The industry observed significant mergers and acquisitions in recent years. The major companies in the Canadian veterinary healthcare market include Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health Inc., Elanco (Eli Lilly and Company), Idexx Laboratories, Merck Animal Health, Virbac Corporation, Vitoquinol SA, Zoetis Animal Healthcare, among others.

Canada Veterinary Healthcare Market Leaders

  1. Idexx Laboratories

  2. Phibro Animal health

  3. Virbac Corporation

  4. Vetoquinol SA

  5. Zoetis Animal Healthcare

*Disclaimer: Major Players sorted in no particular order

Canada Veterinary Healthcare Market  Concentration

Canada Veterinary Healthcare Market News

  • In November 2022, Juno Veterinary debuted its first location as Toronto's only membership-based veterinary practice in the Summerhill neighborhood.
  • In October 2022, Canadian Animal Health Institute (CAHI) launched its brand new logo, embodying its vision of healthier animals for a healthier Canada.

Canada Veterinary Healthcare Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Ownership of Pet Animals

      2. 4.2.2 Advanced Technology Leading to Innovations in Animal Healthcare

      3. 4.2.3 Risk of Emerging Zoonosis

    3. 4.3 Market Restraints

      1. 4.3.1 Use of Counterfeit Medicines

      2. 4.3.2 High Costs of Animal Testing and Veterinary Services

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value in USD Million)

    1. 5.1 By Product

      1. 5.1.1 By Therapeutics

        1. Vaccines

        2. Parasiticides

        3. Anti-infectives

        4. Medical Feed Additives

        5. Other Therapeutics

      2. 5.1.2 By Diagnostics

        1. Immunodiagnostic Tests

        2. Molecular Diagnostics

        3. Diagnostic Imaging

        4. Clinical Chemistry

        5. Other Diagnostics

    2. 5.2 By Animal Type

      1. 5.2.1 Dogs and Cats

      2. 5.2.2 Horses

      3. 5.2.3 Ruminants

      4. 5.2.4 Swine

      5. 5.2.5 Poultry

      6. 5.2.6 Other Animal Types


    1. 6.1 Company Profiles

      1. 6.1.1 Dechra Pharmaceuticals

      2. 6.1.2 Boehringer Ingelheim

      3. 6.1.3 Ceva Animal Health Inc.

      4. 6.1.4 Elanco (Eli Lilly and Company)

      5. 6.1.5 Idexx Laboratories

      6. 6.1.6 Merck Animal Health

      7. 6.1.7 Phibro Animal health

      8. 6.1.8 Virbac Corporation

      9. 6.1.9 Vetoquinol SA

      10. 6.1.10 Zoetis Animal Healthcare

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Canada Veterinary Healthcare Market Research FAQs

The Canada Veterinary Healthcare Market is studied from 2018 - 2028.

The Canada Veterinary Healthcare Market is growing at a CAGR of 7.54% over the next 5 years.

The Canada Veterinary Healthcare Market is valued at 1694 Million USD in 2018.

The Canada Veterinary Healthcare Market is valued at 3324 Million USD in 2028.

Idexx Laboratories, Phibro Animal health, Virbac Corporation, Vetoquinol SA, Zoetis Animal Healthcare are the major companies operating in Canada Veterinary Healthcare Market.

Canada Veterinary Healthcare Industry Report

Statistics for the 2023 Canada Veterinary Healthcare market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Veterinary Healthcare analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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