Pharmaceutical Market In Canada 2024-2028
The pharmaceutical market in Canada is forecasted to grow by USD 8.73 bn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the pharmaceutical market in Canada provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high investment in pharmaceutical industry, increasing geriatric population in Canada, and rising occurrence of chronic diseases in Canada.
Technavio's pharmaceutical market in Canada is segmented as below:
By Distribution Channel
By Type
- Prescription
- Non-prescription
By Therapy Area
- Musculoskeletal system
- Nervous system
- Respiratory system
- Others
By Geographical Landscape
This study identifies the increasing advancements in biotechnology as one of the prime reasons driving the pharmaceutical market in Canada growth during the next few years. Also, digital health integration in pharmaceutical market in Canada and heightened focus on R and D for rare diseases will lead to sizable demand in the market.
The report on the pharmaceutical market in Canada covers the following areas:
- Pharmaceutical market in Canada sizing
- Pharmaceutical market in Canada forecast
- Pharmaceutical market in Canada industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmaceutical market in Canada vendors that include Abbott Laboratories, AbbVie Inc., Amgen Inc., Apotex Inc., AstraZeneca PLC, Bayer AG, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Eli Lilly and Co., F. Hoffmann La Roche Ltd., Gilead Sciences Inc., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., LES LABORATOIRES SERVIER, Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd.. Also, the pharmaceutical market in Canada analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.