This industry profile provides a five-year forecast for Canada’s Pharmaceutical Products Industry.
Canada’s Pharmaceutical Products Industry: Industrial Profile Winter 2014
Canada’s Pharmaceutical Products Industry: Industrial Profile Winter 2014
Industry Economic Analysis
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- Research and Development—Research and development spending as a proportion of total sales is at its lowest levels since 1988.
- Demographic Trends—With baby boomers reaching retirement age, the demand for pharmaceutical products will continue to outpace the growth in the economy.
- Provincial Cost Controls—Provincial governments have mandated cost controls for generic drugs and are expected to continue to look for further cost savings, limiting output price growth in the domestic market.
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