Canada Companion Animal Health Market Size & Outlook
Canada companion animal health market, 2018-2030 (US$M)
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Canada companion animal health market highlights
- The Canada companion animal health market generated a revenue of USD 922.7 million in 2022 and is expected to reach USD 2,040.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.4% from 2023 to 2030.
- In terms of segment, cats was the largest revenue generating animal type in 2022.
- Equine is the most lucrative animal type segment registering the fastest growth during the forecast period.
Companion animal health market data book summary
| Market revenue in 2022 | USD 922.7 million |
| Market revenue in 2030 | USD 2,040.9 million |
| Growth rate | 10.4% (CAGR from 2022 to 2030) |
| Largest segment | Cats |
| Fastest growing segment | Equine |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Equine, Cats, Other Animal type |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Vetoquinol SA, Zoetis, Boehringer Ingelheim, IDEXX Laboratories Inc, Elanco Animal Health Inc, Indian Immunologicals, Virbac SA, Norbrook |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global companion animal health market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. companion animal health market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,040.9 million by 2030.
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada companion animal health 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 health market will help companies and investors design strategic landscapes.
Cats was the largest segment with a revenue share of 35.42% in 2022. Horizon Databook has segmented the Canada companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is expected to witness exponential growth in the coming years. Growing pet ownership and high number of pet parents, individuals who treat their pets as family members, are boosting the demand for veterinary services in the country.
According to Canadian Animal Health Institute, dog population increased from 7.6 million in 2016 to 8.2 million in 2018, while 8.3 million cats were considered household pets in 2018.
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Our clientele includes a mix of companion animal health market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada companion animal health market , including forecasts for subscribers. This country databook contains high-level insights into Canada companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada companion animal health market size, by animal type, 2018-2030 (US$M)
Canada Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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