Canada Companion Animal Diagnostics Market Size & Outlook
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Canada companion animal diagnostics market highlights
- The Canada companion animal diagnostics market generated a revenue of USD 336.4 million in 2024 and is expected to reach USD 592.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.8% from 2025 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2024.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Companion animal diagnostics market data book summary
| Market revenue in 2024 | USD 336.4 million |
| Market revenue in 2030 | USD 592.4 million |
| Growth rate | 9.8% (CAGR from 2025 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp, Antech Diagnostics, Agrolabo, Embark, Innovative Diagnostics, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global companion animal diagnostics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 281.6 million by 2030.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Innovative Diagnostics | View profile | 101-250 | Grabels, Languedoc-Roussillon, France, Europe | https://www.innovative-diagnostics.com |
| Agrolabo | View profile | 11-50 | Scarmagno, Piemonte, Italy, Europe | https://www.agrolabo.it |
| Embark | View profile | 101-250 | Boston, Massachusetts, United States, North America | https://embarkvet.com |
| Veterinary Pharmaceutical Solutions | View profile | 11-50 | Saint Peter, Minnesota, United States, North America | https://veterinarypharmaceuticalsolutions.com |
| Zoetis | View profile | 10001+ | Parsippany, New Jersey, United States, North America | https://www.zoetis.com |
| Antech Diagnostics | View profile | 1001-5000 | Irvine, California, United States, North America | https://www.antechdiagnostics.com |
| Neogen Corp | View profile | 2640 | 620 Lesher Place, Lansing, MI, United States, 48912 | https://www.neogen.com |
| IDEXX Laboratories Inc | View profile | 11000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | https://www.idexx.com |
| Virbac SA | View profile | 5400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | https://www.virbac.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
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.
Consumables, reagents & kits was the largest segment with a revenue share of 70.12% in 2024. Horizon Databook has segmented the Canada companion animal diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
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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Target buyers of Canada companion animal diagnostics market databook
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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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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 companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Canada companion animal diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada Product - Companion Animal Diagnostics Market, 2024 - 2030 (US$M)
Canada Companion Animal Diagnostics Market Share, 2024 & 2030 (US$M)
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