Market Research Report
Canada Veterinary Healthcare Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||910275|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Canada Veterinary Healthcare Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: September 1, 2019||Content info: 80 Pages||
Surveillance of animal health is increasingly important for food safety and the trade of animals and animal products. There is an increased awareness about animal health, due to various government initiatives. For instance, every year, during the first week of October, veterinarians and veterinary hospitals across Canada promote animal health and responsible animal ownership, as a part of the animal health week celebrations. Furthermore, an increase in the prevalence of various zoonotic diseases, growing technological advancements, increasing pet ownership are the few other factors propelling the growth of the market in Canada.
As per the scope of this report, the veterinary healthcare market comprising therapeutic products and solutions for companion and farm animals. Companion animals can be tamed or adopted for companionship or as house/office guards, and farm animals are raised for meat and milk-related products. Companion animals include canine, feline, and equine. Farm animals are bovine, poultry, and porcine.
Vaccines segment dominates the Canada Veterinary Healthcare Market
Vaccines comprise viruses, bacteria, or other disease-causing organisms that have been killed or altered so that they cannot cause further disease and can boost immunity. Veterinary biologics, like vaccines, are regulated by the Canadian Food Inspection Agency, to ensure that the products used on animals in Canada are pure, potent, safe, and effective. Import of veterinary vaccines into Canada needs valid import permit, issued by the CFIA-CCVB in Ottawa. In some parts of Canada, it is mandatory to vaccinate every cat and dog, where there are high risks of rabies. According to the veterinary community of Canada, every dog should be vaccinated with core vaccines. Vaccination with non-core vaccines depends on the risk of any particular disease posed to an individual dog. Several initiatives have been taken by Canada, for instance, a public awareness campaign was organized in September 2018, by the Canadian Veterinary Medical Association (CVMA), hosted by veterinarians, to showcase the importance of vaccines.
Canada veterinary healthcare market has rapidly evolved over the last few years. Industry observed significant mergers and acquisitions in recent years. Major companies in Canada veterinary healthcare market include Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Inc., Elanco (Eli Lilly and Company), Idexx Laboratories, Merck Animal Health, Virbac Corporation, Vitoquinol S.A. and Zoetis Animal Healthcare, amongst others.