canada-animal-healthcare-market-industry
Published

August 2016

Canada Veterinary Healthcare Market - by Animal types (Farm animals, Companion animals, Poultry), by Diagnostics Technologies -Trends and Forecast (2015 - 2020)

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The veterinary healthcare market in Canada is expected to account for USD XX billion in 2021, at a CAGR of XX% from USD XX billion in 2016. The increase in exports of animal products from Canada to other countries of North America and Europe is the major opportunities for the market to grow.

The veterinary healthcare market by diagnostics may be defined as the diagnostic tests that are carried out for the detection of various diseases in animals. These processes are executed through various methods that use blood, feces, and tissue sample from animals.

Canada’s Veterinary Healthcare Market- Market Dynamics

Veterinary healthcare is gaining importance as a result of manufacturers focusing on the production of products with specialized formulations and manufacturing processes. These are essentially beneficial for animal lovers and companion animal owners.

Drivers

There are several factors leading to the growth of the veterinary healthcare market in Canada. These include:

  • Increase in the ownership of pet animals
  • Increasing zoonotic diseases
  • Increased awareness about animal health
  • Technological advancements in developing animal healthcare diagnostics
  • Government initiatives from Canada Veterinary Medical Association

 Restraints

The rise in competition for cultivated land and scarcity of arable land are turning out to be restraints for this market.

Canada’s veterinary market can be broadly segmented based on animal types, products and diagnostic. Based on the animal type, the market is further segmented into farm animal health market (poultry, swine, fish, cattle and sheep) and companion animal health market (dogs, cats, horse). Based on diagnostic tools, the market is segmented into clinical chemistry, hematology tests, molecular diagnostics, diagnostic imaging and other veterinary diagnostic products. Based on the products, the market is segmented into vaccines, anti- infective, anti-parasitic, medical feed additives, and other pharmaceuticals.

Some of the key players in the market are:

  • Bayer Animal Health
  • Ceva Animal Health
  • Elanco Animal Health
  • Merck Ltd.
  • Merial (Animal Health division of Sanofi)
  • Novartis
  • Zoetis Animal Healthcare

Key Deliverables in the Study

  • Market analysis for Canada’s veterinary healthcare market, with region-specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market in Canada.
  • Extensively researched competitive landscape section with profiles of major companies along with their market.
  • Identification and analysis of the macro and micro factors that affect Canada’s veterinary market based on regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major regions in which this industry is blooming and to also identify the regions that are still untapped.
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