Canada Veterinary Healthcare Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented on the basis of Product (Therapeutics and Diagnostics), Animal Type, and Geography

Market Snapshot

Picture1 Canada Veterinary Healthcare Market
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 7.25 %

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Market Overview

Canada veterinary healthcare market is primarily driven by the increasing animal adoption, the rising burden of animal diseases coupled with an increase in spending on animal health. Canada has high increased awareness regarding companion animals and livestock, considering the increasing adoption of these animals for social well-being and a healthy lifestyle. The business is mainly driven by the rising ownerships, as well as the technological advancements in therapeutics and diagnostics.​ According to the Canadian Animal Health Institute (CAHI), in 2018, there were 8.3 million cats and 8.2 million dogs in Canada. The same report has stated that at least 41% of households have at least one dog and 38% of the households have at least one cat.

Considering the risk of transferring human diseases to animals and vice versa, the recent years have observed increased medications and diagnostics treatment for companion animals. Moreover, this has provided high business demands for diagnostic imaging and molecular diagnostics tests across the country.​

In addition, there is an increasing demand for analgesics, antibiotics, anti-inflammatory drugs, and anaesthetics followed by biologics and vaccines. These are regulated by several agencies across Canada.

Scope of the Report

As per the scope of this report, 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-related products. Companion animals include canines, felines, and equines. Farm animals include bovine, poultry, and porcine.

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 Animals

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Key Market Trends

The Vaccines Segment Dominates the Canada Veterinary Healthcare Market

  • 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 immunity.
  • Veterinary biologics, like vaccines, are regulated by the Canadian Food Inspection Agency, to ensure that the products used on animals in Canada are pure, potent, safe, and effective. The import of veterinary vaccines to Canada needs a valid import permit, issued by the CFIA-CCVB in Ottawa.
  • In some parts of Canada, it is mandatory to vaccinate every cat and dog, where there are high risks of rabies. According to the veterinary community of Canada, every dog should be vaccinated with core vaccines.
  • Furthermore, several initiatives have been undertaken by Canada. For instance, a public awareness campaign was organized in September 2018, by the Canadian Veterinary Medical Association (CVMA), hosted by veterinarians, to showcase the importance of vaccines.
  • Morover, recent advancements and availability of vaccines, new product launches projected to fuel the sgemnet growth over the forecast period.
  • In January 2019, Hipra Canada launched VEPURED, the latest vaccine to control edema disease in its clinical and subclinical form. Thus, the market for veterinary healthcare in Canada projected to grow over forecast period.

Competitive Landscape

The Canadian veterinary healthcare market has rapidly evolved over the last few years. The industry observed significant mergers and acquisitions, in recent years. For instance, Ehave, Inc. which is dedicated to empowering the mental health community with next-generation digital solutions, is expanding its business into veterinary medicine in Canada in 2017. The company to license core informatics platform to Companion Healthcare Technologies, Inc. for improving the quality of care for pets. ​ 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, and Zoetis Animal Healthcare, among others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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


    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 Animals


    1. 6.1 Company Profiles

      1. 6.1.1 Bayer Healthcare

      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

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Canada Veterinary Healthcare Market market is studied from 2018 - 2026.

The Canada Veterinary Healthcare Market is growing at a CAGR of 7.25% over the next 5 years.

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

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