Canada Companion Animal Diagnostics Market Size & Outlook
Canada companion animal diagnostics market, 2016-2027 (US$M)
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Canada companion animal diagnostics market highlights
- The Canada companion animal diagnostics market generated a revenue of USD 216.1 million in 2021 and is expected to reach USD 406.1 million by 2027.
- The Canada market is expected to grow at a CAGR of 11.1% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
Companion animal diagnostics market data book summary
| Market revenue in 2021 | USD 216.1 million |
| Market revenue in 2027 | USD 406.1 million |
| Growth rate | 11.1% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 4.7% of the global companion animal diagnostics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 406.1 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada companion animal diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal diagnostics market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 44.93% in 2021. Horizon Databook has segmented the Canada companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
The growth of Canada companion animal diagnostics market can be attributed to better veterinary services and presence of veterinarians in southern areas of the country, such as British Colombia and Ontario. For instance, Ontario has approximately 5,018 veterinarians, followed by 2,512 in Quebec and 1,674 in British Columbia.
These veterinarians mostly cater to the needs of companion animals, thereby increasing growth opportunities in the market. The market is anticipated to grow in the country owing to large pet population and increasing number of veterinary practices in Canada.
For instance, according to a survey conducted by Kynetec in 2018, approximately 8.2 million dogs reside in Canadian households. Such factors are positively influencing the growth of companion animal diagnostics market in Canada.
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Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Canada companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada companion animal diagnostics market size, by species, 2016-2027 (US$M)
Canada Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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