Veterinary Services in Canada
The Veterinary Services industry in Canada has performed strongly over the five years to 2019. Improving consumer confidence and rising per capita disposable income have boosted demand for veterinary services. Furthermore, developments in medical technologies and procedures have enabled veterinarians to purchase enhanced diagnostic tools to perform specialized medical procedures in-house. As a result, many practices now offer ophthalmology, internal medicine, surgery and dentistry, among other specialty services. With the average lifespan of companion pets on the rise, demand for routine care and chronic disease management of older companion pets has increased as well. Over the five years to 2024, industry revenue is forecast to grow. Innovative technologies are expected to continue enabling industry operators to expand their product portfolio as research and development expenditure is expected to grow.
Operators in this industry provide medical, dental and surgical treatments for animals. This industry also provides laboratory and diagnostic testing for licensed veterinary practitioners. Companies that manufacture medical supplies or pharmaceuticals for animals are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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