Canada Pharmaceutical Market Size – Analysis Report, 2033

According to latest report, the canada pharmaceutical market size was exhibited at USD 49.15 billion in 2023 and is projected to hit around USD 95.70 billion by 2033, growing at a CAGR of 6.89% during the forecast period 2024 to 2033.

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This market is a significant and highly regulated industry, influenced by several driving factors. One of the primary drivers is Canada's aging population. With a growing number of seniors, there's a heightened demand for pharmaceuticals and healthcare services. For example, medications for conditions like osteoarthritis and Alzheimer's are in high demand due to the aging demographic.

Government regulation also plays a crucial role in shaping the pharmaceutical market. Health Canada, the country's regulatory body, oversees drug safety and efficacy. For instance, the approval and regulation of prescription drugs like insulin and antibiotics ensure the quality and safety of medicines available in the market. Research and development (R&D) efforts are another crucial factor. Canada boasts a strong R&D sector, with pharmaceutical companies like Apotex and Valeo Pharma conducting innovative research. For example, the development of biologic drugs for conditions like cancer and autoimmune diseases benefits patients and contributes to economic growth.

Moreover, product launches by key players in the market will further propel the Canadian pharmaceutical market growth in the forecast period. For instance, the approval of Arexvy, a respiratory syncytial virus (RSV) vaccine, for individuals aged 60 and older is a significant development in Canada's healthcare landscape. RSV is a common cause of lower respiratory tract disease (LRTD) in older adults, making this vaccine a valuable addition to the preventive measures available. This approval expands the vaccine portfolio of GSK in Canada and addresses a specific healthcare need for the aging population. The introduction of Arexvy is especially noteworthy as it marks the first RSV vaccine for older adults to be approved in the country. RSV can lead to severe respiratory illnesses, and older adults are a particularly vulnerable demographic.

The timing of its availability ahead of the 2023/24 peak RSV season is crucial, as it ensures that older adults have access to protection when they need it the most. It demonstrates the commitment to public health and underscores the importance of proactive vaccination strategies in safeguarding the well-being of the aging population in Canada. This approval contributes to the broader efforts to enhance healthcare and protect vulnerable populations against infectious diseases.

However, stringent regulatory processes essential for safety can delay drug approvals and market access. In addition, price controls and negotiations between pharmaceutical companies and the government can impact profitability. Intellectual property issues, including patent disputes and generic competition, may hinder market growth. In addition, economic factors, such as healthcare budget constraints and the cost of research and development, can pose challenges for industry and patients in accessing innovative medications.

Frequently Asked Questions About This Report

How big is the Canada pharmaceutical market?

• The Canada pharmaceutical market size was estimated at USD 49.15 billion in 2023 and is expected to reach USD 52.54 billion in 2024.

What is the Canada pharmaceutical market growth?

• The canada pharmaceutical market is expected to grow at a compound annual growth rate of 6.89% from 2024 to 2033 to reach USD 95.70 billion by 2033.

Who are the key players in Canada pharmaceutical market?

• Some key players operating in the Canada pharmaceutical market include F. Hoffmann-La Roche Ltd., Novartis AG, GlaxoSmithKline plc, Pfizer, Inc., Merck & Co., Inc., AstraZeneca, Johnson & Johnson, Sanofi SA, Eli Lilly and Company, AbbVie, Inc.

What are the factors driving the Canada pharmaceutical market?

• Key factors that are driving the market growth include an aging population, increasing healthcare expenditures, growing demand for innovative drugs, and a strong focus on research and development.

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Canada Pharmaceutical Market Report Highlights

• Based on drug type, the conventional drugs (small molecules) segment held the largest market share in 2023, owing to molecule potency, complexity of drug products, industry composition, and manufacturing trends, which have contributed to the continued dominance of small molecule drugs in the pharmaceutical industry
• The branded segment dominated the Canadian pharmaceutical market in 2023 and is anticipated to grow at the fastest growth rate. Launch of new products is the major factor driving the segment growth
• Based on the type, the prescription segment dominated the market in 2023 and is anticipated to grow at the fastest CAGR rate owing to the increasing expenditures on prescription drugs in Canada
• Based on the disease, the cancer segment dominated in terms of market share in 2023 and is anticipated to grow at the fastest CAGR rate owing to the increasing cancer incidences coupled with launch of new products
• Based on the route of administration, the oral segment dominated the market in 2023. Oral dosage forms are preferred due to their affordability, ease of manufacturing, and patient-friendly administration
• The tablet segment held the largest share of the market in 2023. This growth can be attributed to the widespread availability of tablet-based products in various formulations, including film-coated, enteric-coated, orally disintegrating, and effervescent tablets. In addition, the introduction of 3D-printed tablets tailored to meet personalized needs has significantly contributed to the expansion of this segment
• Based on age group, the geriatric segment dominated in terms of market share in 2023. The demographic shift towards seniors is a prominent trend in Canada, with seniors becoming the fastest-growing demographic
• Based on the end-use, the hospital segment dominated the market in 2023. With the increasing number of hospitals in Canada, pharmaceutical drugs are in high demand for various medical treatments

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Drug type

• Biologics & Biosimilars (Large Molecules)

• ? Monoclonal Antibodies Vaccines Cell & Gene Therapy Others

• Conventional Drugs (Small Molecules)

Product

• Branded
• Generics

Type

• Prescription
• OTC

Disease

• Cardiovascular diseases
• Cancer
• Diabetes
• Infectious diseases
• Neurological disorders
• Respiratory diseases
• Autoimmune diseases
• Mental health disorders
• Gastrointestinal disorders
• Women’s Health Diseases
• Genetic and Rare genetic diseases
• Dermatological conditions
• Obesity
• Renal diseases
• Liver conditions
• Hematological disorders
• Eye conditions
• Infertility conditions
• Endocrine disorders
• Allergies
• Others

Route of Administration

• Oral
• Topical
• Parenteral

• ? Intravenous Intramuscular

• Inhalations
• Other Routes of Administration

Formulation

• Tablets
• Capsules
• Injectable
• Sprays
• Suspensions
• Pozders
• Other Formulations

Age Group

• Children & Adolescents
• Adults
• Geriatric

End-use

• Hospitals
• Clinics
• Others

Table of Content

Chapter 1. Canada Pharmaceutical Market: Methodology and Scope

1.1. Market Segmentation and Scope

1.1.1. Segment Definitions

1.1.1.1. Drug Type Segment

1.1.1.2. Product Segment

1.1.1.3. Type Segment

1.1.1.4. Disease Segment

1.1.1.5. Route Of Administration Segment

1.1.1.6. Formulation Segment

1.1.1.7. Age Group Segment

1.1.1.8. End-use Segment

1.2. Estimates and Forecast Timeline

1.3. Objectives

1.3.1. Objective - 1

1.3.2. Objective - 2

1.3.3. Objective - 3

1.4. Research Methodology

1.5. Information Procurement

1.5.1. Purchased Database

1.5.2. Internal Database

1.5.3. Secondary Sources

1.5.4. Primary Research

1.6. Information or Data Analysis

1.6.1. Data Analysis Models

1.7. Market Formulation & Validation

1.8. Model Details

1.8.1. Commodity Flow Analysis

1.9. List of Secondary Sources

1.10. List of Abbreviations

Chapter 2. Canada Pharmaceutical Market: Executive Summary

2.1. Market Snapshot

2.2. Drug Type and Product Snapshot

2.3. Type and Disease Snapshot

2.4. Route Of Administration and Formulation Snapshot

2.5. Age Group, and End-use Snapshot

2.6. Competitive Landscape Snapshot

Chapter 3. Canada Pharmaceutical Market Variables, Trends, & Scope

3.1. Market Segmentation and Scope

3.2. Market Lineage Outlook

3.2.1. Parent Market Outlook

3.2.2. Related/Ancillary Market Outlook

3.3. Market Dynamics

3.4. Market Drivers Analysis

3.4.1. Rise in pharmaceutical R&D spending

3.4.2. Rise in focus toward healthcare needs

3.4.3. Technological advancements

3.4.4. Increase in geriatric population and incidence of chronic disorders

3.5. Market Restraint Analysis

3.5.1. Patent expiration of most profitable drugs

3.5.2. Pricing pressures on bio/pharmaceutical companies

3.6. Porter’s Five Forces Analysis

3.7. PESTLE Analysis

Chapter 4. Canada Pharmaceutical Market: Drug Type Estimates & Trends Analysis

4.1. Canada Pharmaceutical Market: Drug Type Movement Analysis

4.2. Biologics & Biosimilars (Large Molecules)

4.2.1. Biologics & Biosimilars Market Estimates and Forecasts, 2021 - 2033

4.2.2. Monoclonal Antibodies

4.2.2.1. Monoclonal Antibodies Market Estimates and Forecasts, 2021 - 2033

4.2.3. Vaccines

4.2.3.1. Vaccines Market Estimates and Forecasts, 2021 - 2033

4.2.4. Cell & Gene Therapy

4.2.4.1. Cell & Gene Therapy Market Estimates and Forecasts, 2021 - 2033

4.2.5. Others

4.2.5.1. Others Market Estimates and Forecasts, 2021 - 2033

4.3. Conventional Drugs (Small Molecules)

4.3.1. Conventional Drugs (Small Molecules) Market Estimates and Forecasts, 2021 - 2033

Chapter 5. Canada Pharmaceutical Market: Product Estimates & Trends Analysis

5.1. Canada Pharmaceutical Market: Product Movement Analysis

5.2. Branded

5.2.1. Branded Market Revenue Estimates and Forecasts, 2021 - 2033

5.3. Generics

5.3.1. Generics Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 6. Canada Pharmaceutical Market: Type Estimates & Trends Analysis

6.1. Canada Pharmaceutical Market: Type Movement Analysis

6.2. Prescription

6.2.1. Prescription Market Revenue Estimates and Forecasts, 2021 - 2033

6.3. OTC

6.3.1. OTC Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 7. Canada Pharmaceutical Market: Disease Estimates & Trends Analysis

7.1. Canada Pharmaceutical Market: Type Movement Analysis

7.2. Cardiovascular diseases

7.2.1. Cardiovascular diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.3. Cancer

7.3.1. Cancer Market Revenue Estimates and Forecasts, 2021 - 2033

7.4. Diabetes

7.4.1. Diabetes Market Revenue Estimates and Forecasts, 2021 - 2033

7.5. Infectious Disease

7.5.1. Infections Disease Market Revenue Estimates and Forecasts, 2021 - 2033

7.6. Neurological Disorders

7.6.1. Neurological Disorders Market Revenue Estimates and Forecasts, 2021 - 2033

7.7. Respiratory Diseases

7.7.1. Respiratory Diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.8. Autoimmune Diseases

7.8.1. Autoimmune Diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.9. Mental Health Disorders

7.9.1. Mental Health Disorders Market Revenue Estimates and Forecasts, 2021 - 2033

7.10. Gastrointestinal Disorders

7.10.1. Gastrointestinal Disorders Market Revenue Estimates and Forecasts, 2021 - 2033

7.11. Women’s Health Diseases

7.11.1. Women’s Health Diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.12. Genetic and Rare genetic Diseases

7.12.1. Genetic and Rare genetic Diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.13. Dermatological Conditions

7.13.1. Dermatological Conditions Market Revenue Estimates and Forecasts, 2021 - 2033

7.14. Obesity

7.14.1. Obesity Market Revenue Estimates and Forecasts, 2021 - 2033

7.15. Renal Diseases

7.15.1. Renal Diseases Market Revenue Estimates and Forecasts, 2021 - 2033

7.16. Liver Conditions

7.16.1. Liver Conditions Market Revenue Estimates and Forecasts, 2021 - 2033

7.17. Hematological Disorders

7.17.1. Hematological Disorders Market Revenue Estimates and Forecasts, 2021 - 2033

7.18. Eye Conditions

7.18.1. Eye Conditions Market Revenue Estimates and Forecasts, 2021 - 2033

7.19. Endocrine Disorders

7.19.1. Endocrine Disorders Market Revenue Estimates and Forecasts, 2021 - 2033

7.20. Allergies

7.20.1. Allergies Market Revenue Estimates and Forecasts, 2021 - 2033

7.21. Others

7.21.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 8. Canada Pharmaceutical Market: Route of Administration Estimates & Trends Analysis

8.1. Canada Pharmaceutical Market: Route of Administration Movement Analysis

8.2. Oral

8.2.1. Oral Market Revenue Estimates and Forecasts, 2021 - 2033

8.3. Topical

8.3.1. Topical Market Revenue Estimates and Forecasts, 2021 - 2033

8.4. Parenteral

8.4.1. Parenteral Market Revenue Estimates and Forecasts, 2021 - 2033

8.4.2. Intravenous

8.4.2.1. Intravenous Market Revenue Estimates and Forecasts, 2021 - 2033

8.4.3. Intramuscular

8.4.3.1. Intramuscular Market Revenue Estimates and Forecasts, 2021 - 2033

8.5. Inhalations

8.5.1. Inhalations Market Revenue Estimates and Forecasts, 2021 - 2033

8.6. Others

8.6.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 9. Canada Pharmaceutical Market: Formulation Estimates & Trends Analysis

9.1. Canada Pharmaceutical Market: Formulation Movement Analysis

9.2. Tablets

9.2.1. Tablets Market Revenue Estimates and Forecasts, 2021 - 2033

9.3. Capsules

9.3.1. Capsules Market Revenue Estimates and Forecasts, 2021 - 2033

9.4. Injectable

9.4.1. Injectable Market Revenue Estimates and Forecasts, 2021 - 2033

9.5. Sprays

9.5.1. Sprays Market Revenue Estimates and Forecasts, 2021 - 2033

9.6. Suspensions

9.6.1. Suspensions Market Revenue Estimates and Forecasts, 2021 - 2033

9.7. Powders

9.7.1. Powders Market Revenue Estimates and Forecasts, 2021 - 2033

9.8. Others

9.8.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 10. Canada Pharmaceutical Market: Age Group Estimates & Trends Analysis

10.1. Canada Pharmaceutical Market: Age Group Movement Analysis

10.2. Children & Adolescents

10.2.1. Children & Adolescents Market Revenue Estimates and Forecasts, 2021 - 2033

10.3. Adults

10.3.1. Adults Market Revenue Estimates and Forecasts, 2021 - 2033

10.4. Geriatric

10.4.1. Geriatric Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 11. Canada Pharmaceutical Market: End-use Estimates & Trends Analysis

11.1. Canada Pharmaceutical Market: End-User Movement Analysis

11.2. Hospitals

11.2.1. Hospitals Market Revenue Estimates and Forecasts, 2021 - 2033

11.3. Clinics

11.3.1. Clinics Market Revenue Estimates and Forecasts, 2021 - 2033

11.4. Others

11.4.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033

Chapter 12. Canada Pharmaceutical Market: Country Business Analysis

12.1.1. CANADA

12.1.1.1. Canada Pharmaceutical Market, 2021 - 2033

12.1.1.2. Key Country Dynamics

12.1.1.3. Regulatory Framework

12.1.1.4. Reimbursement Scenario

12.1.1.5. Competitive Scenario

Chapter 13. Canada Pharmaceutical Market: Competitive Landscape

13.1. Company Categorization

13.2. Strategy Mapping

13.2.1. New Product Type Launch

13.2.2. Partnerships

13.2.3. Acquisition

13.2.4. Collaboration

13.2.5. Funding

13.3. Key Company Market Share Analysis, 2023

13.4. Company Heat Map Analysis

13.5. Company Profiles

13.5.1. F. Hoffmann-La Roche Ltd.

13.5.1.1. Company Overview

13.5.1.2. Financial Performance

13.5.1.3. Product Benchmarking

13.5.1.4. Strategic Initiatives

13.5.2. Novartis AG

13.5.2.1. Company Overview

13.5.2.2. Financial Performance

13.5.2.3. Product Benchmarking

13.5.2.4. Strategic Initiatives

13.5.3. GlaxoSmithKline plc

13.5.3.1. Company Overview

13.5.3.2. Financial Performance

13.5.3.3. Product Benchmarking

13.5.3.4. Strategic Initiatives

13.5.4. Pfizer, Inc.

13.5.4.1. Company Overview

13.5.4.2. Financial Performance

13.5.4.3. Product Benchmarking

13.5.4.4. Strategic Initiatives

13.5.5. Merck & Co., Inc.

13.5.5.1. Company Overview

13.5.5.2. Financial Performance

13.5.5.3. Product Benchmarking

13.5.5.4. Strategic Initiatives

13.5.6. AstraZeneca

13.5.6.1. Company Overview

13.5.6.2. Product Benchmarking

13.5.6.3. Strategic Initiatives

13.5.7. Johnson & Johnson Services, Inc.

13.5.7.1. Company Overview

13.5.7.2. Product Benchmarking

13.5.7.3. Strategic Initiatives

13.5.8. Sanofi

13.5.8.1. Company Overview

13.5.8.2. Financial Performance

13.5.8.3. Product Benchmarking

13.5.8.4. Strategic Initiatives

13.5.9. Eli Lilly and Company

13.5.9.1. Company Overview

13.5.9.2. Financial Performance

13.5.9.3. Product Benchmarking

13.5.9.4. Strategic Initiatives

13.5.10. AbbVie, Inc.

13.5.10.1. Company Overview

13.5.10.2. Financial Performance

13.5.10.3. Product Benchmarking

13.5.10.4. Strategic Initiatives

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Canada Pharmaceutical Market analysis from 2021 to 2033 to identify the prevailing Canada Pharmaceutical Market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the cancer supportive care drugs industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Canada Pharmaceutical Market trends, key players, market segments, application areas, and market growth strategies.

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