Canada Veterinary Diagnostics Market Size & Outlook
Canada veterinary diagnostics market, 2018-2030 (US$M)
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Canada veterinary diagnostics market highlights
- The Canada veterinary diagnostics market generated a revenue of USD 376.8 million in 2023 and is expected to reach USD 816.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary diagnostics market data book summary
| Market revenue in 2023 | USD 376.8 million |
| Market revenue in 2030 | USD 816.9 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global veterinary diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. veterinary diagnostics 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 816.9 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada veterinary 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.73% in 2023. Horizon Databook has segmented the Canada veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is a resourceful country, with well-developed infrastructure and stable government & regulatory regimes to support production of safe consumable animal products. Globally, the demand for animal products is increasing and Canada is at the forefronts for exporting high-quality animal products.
Nowadays people are more concerned about the quality and safety of such products. Hence, Health Canada and Canadian Food Inspection Agency have undertaken necessary steps to facilitate product availability in the market.
Moreover, Canadian Animal Health Institute in collaboration with animal pharmaceutical companies is developing new & highly efficient products. The aforementioned factors are expected to ensure consistent market growth in Canada over the coming years.
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Target buyers of Canada veterinary diagnostics market databook
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Our clientele includes a mix of veterinary diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada veterinary diagnostics market size, by product, 2018-2030 (US$M)
Canada Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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