The market is dominated by foreign suppliers, as imports account for 76.4% of total market size in 2022. Households drive market demand, with household spending representing 59.0% of total demand in 2022. Canada has the ninth largest market size for pharmaceuticals across the top 20 developed countries, with demand reaching USD37.3 billion in 2022. Bausch Health Cos Inc is the largest company in Canada, generating 4.3% of the industry’s total production value in 2022. The industry is fragmented, with the top four companies generating 10.9% of total production value in 2022. The total number of companies increases in 2022, to 968 units. The costs of the industry increase by 9.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 17.4% of production value in 2022, the third highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 54.6% of total production output. With production value of USD12.2 billion, Canada accounts for 3.9% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in Canada: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in Canada: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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