The market is dominated by foreign suppliers, as imports account for 74.6% of total market size in 2023. Households drive market demand, with household spending representing 60.9% of total demand in 2023. Canada has the 10th largest market size for pharmaceuticals across the top 20 developed countries, with demand reaching USD36.4 billion in 2023. Bausch Health Cos Inc is the largest company in Canada, generating 4.3% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 10.8% of total production value in 2023. The total number of companies increases in 2023, to 991 units. The costs of the industry decrease by 0.5% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 17.5% of production value in 2023, the eighth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 51.5% of total production output. With production value of USD12.1 billion, Canada accounts for 3.5% of the North America total in 2023.
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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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