This industry profile provides a five-year forecast for Canada’s Pharmaceutical Products Industry.
Canada’s Pharmaceutical Products Industry: Industrial Profile Winter 2015
Canada’s Pharmaceutical Products Industry: Industrial Profile Winter 2015
Industry Economic Analysis
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- Research and Development—R&D spending as a share of total sales has declined for five consecutive years and is at its lowest point in more than two decades.
- Prices—With generics’ share of the market growing and provincial governments seeking to limit costs, the medium-term outlook for prices is weak.
- Demand—The aging of the population in Canada and a shift toward chronic and long-term care will provide stronger demand for the industry’s products in the years ahead.
