The Competition Bureau of Canada has recommended that provincial and territorial officials mandate pharmacist access to pet medications after receiving complaints about industry practices and regulations limiting who can distribute them.
“While veterinarians are still required to prescribe medications, online pharmacies provide cost-effective and safe alternatives for filling them in many cases, often providing significant savings compared to veterinary clinics,” it says.
Allowing pharmacists to dispense pet medications would increase consumer choice and convenience without compromising pet health. It would also offer pet owners with chronic medication a cheaper and time-saving alternative than accessing veterinarians.
Despite veterinarians and pharmacists being legally allowed to dispense pet medication in Canada, reports suggest a widespread practice of “exclusive distribution” by veterinarians. According to the government agency, this limits options and raises pet owners’ prices.
Market background
According to the Bureau’s analysis, Canadians’ veterinary costs have reached nearly C$9.3 billion ($6.6B/€6.1B) annually, leading to increased concerns around affordability.
Veterinary costs range between C$85 ($61/€56) and C$130 ($93/€85), while emergency trips may be an additional C$215 ($154/€142) to C$1,615 ($1163/€1067) per year.
The inflation is partly linked to limited competition in pet medications, which tend to be sold directly through veterinarians who benefit financially from prescribing and dispensing medications.
The Bureau also highlights that growing consolidation in the corporate-owned veterinary market threatens the creation of a monopoly. Thus, this recommendation hopes to ease financial pressures as the demand for quality pet healthcare continues to rise.
Successful initiatives
While extending the recommendations, the Competition Bureau considers the case of the UK pet medicine market, which witnessed increased competition and reduced medication costs following a similar legislative amendment in 2005.
Within Canada, a partnership between Quebec’s L’Ordre des Pharmaciens, a pharmacy regulation organization, and national distributors in 2021 to grant pharmacists access to pet medications led to a similar outcome.
The latest articles
Mars announces first 100% renewable steam-based pet food production plant in Australia
The project integrates solar and thermal energy for sustainable pet food production. GlobalPETS learns more.
American investment firm launches pet fund
Vetted Capital aims to bridge a funding gap that has hindered growth within the pet care sector. GlobalPETS learns more.
Freshpet raises yearly guidance following strong performance
The New Jersey-based pet business has raised its forecast for the second consecutive quarter, projecting a 27% increase in net sales.
Weekly newsletter to stay up-to-date
Discover what’s happening in the pet industry. Get the must-read stories and insights in your inbox.