Canada Veterinary Point Of Care Diagnostics Market Size & Outlook
Canada veterinary point of care diagnostics market, 2018-2030 (US$M)
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Canada veterinary point of care diagnostics market highlights
- The Canada veterinary point of care diagnostics market generated a revenue of USD 86.4 million in 2022 and is expected to reach USD 220.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.4% from 2023 to 2030.
- In terms of segment, companion animals was the largest revenue generating animal type in 2022.
- Livestock Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
Veterinary point of care diagnostics market data book summary
| Market revenue in 2022 | USD 86.4 million |
| Market revenue in 2030 | USD 220.0 million |
| Growth rate | 12.4% (CAGR from 2022 to 2030) |
| Largest segment | Companion animals |
| Fastest growing segment | Livestock Animals |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Livestock Animals |
| Key market players worldwide | Zoetis Inc Class A, IDEXX Laboratories Inc, Virbac SA, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, SoundCloud, Mindray Medical International, Esaote, FUJIFILM Holdings Corp, Woodley Equipment Company |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global veterinary point of care diagnostics 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. veterinary point of care 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 220.0 million by 2030.
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Veterinary Point Of Care Diagnostics Market Scope
Veterinary Point Of Care Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada veterinary point of care 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 point of care diagnostics market will help companies and investors design strategic landscapes.
Companion animals was the largest segment with a revenue share of 50.69% in 2022. Horizon Databook has segmented the Canada veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in Canada can be attributed to high-quality veterinary services and the presence of veterinarians in the southern areas of the country, such as British Colombia & Ontario. Increasing pet ownership and a large number of pet parents & individuals investing in the treatment of their pets have accelerated product demand in the country.
According to a nationwide survey, there will be approximately 8.5 million cats in Canadian households in 2022. Around 7.9 million dogs were kept as pets in the Canada. Key market players are also contributing to market growth continuously through various strategies, including regional expansion, new product launches, and partnerships & collaborations.
For instance, in November 2021, FUJIFILM Corporation expanded into the veterinary business with the acquisition of DMV Imaging, a French company, and launched FUJIFILM VET Systems. This acquisition enabled Fujifilm to have direct contact with veterinarians and further strengthen its diagnostic solution portfolio & services capability.
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Target buyers of Canada veterinary point of care diagnostics market databook
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Our clientele includes a mix of veterinary point of care 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 point of care diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada veterinary point of care diagnostics market size, by animal type, 2018-2030 (US$M)
Canada Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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