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Generics in Canada
Generics in Canada industry profile provides topline qualitative and quantitative summary information including: market size value and volume 201418, and forecast to 2023. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
For the purposes of this profile, a generic drug is defined as a copy of an ethical prescription drug formerly protected by patents that have now expired. Both unbranded generics and all branded generics are included. However, offpatent drugs that continue to be offered by the original manufacturer under the original name, and which form part of the 'genericeligible' market, are not included.
The Canadian generics market had total revenues of $5.2bn in 2018, representing a compound annual growth rate CAGR of 2.9% between 2014 and 2018.
Market consumption volume increased with a CAGR of 1.6% between 2014 and 2018, to reach 71.8% of total pharma volume.
Canada has some of the highest prices charged for generics in the world, which means that revenues can be large, but provinces are working together to work out how they can make the system fairer and improve access to cheaper medication.
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Leading company profiles reveal details of key generics market players' global operations and financial performance
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What was the size of the Canada generics market by value in 2018?
What will be the size of the Canada generics market in 2023?
What factors are affecting the strength of competition in the Canada generics market?
How has the market performed over the last five years?
How large is Canada's generics market in relation to its regional counterparts?
Original Article: Generics in Canada [Published by Marketline] Prices from USD $298NEXT ARTICLE
A generic drug (generic drugs, short: generics) is a drug defined as "a drug product that is comparable to brand/reference listed drug product in dosage form, strength, route of administration, quality and performance characteristics, and intended u...
Pharmacy is the science and technique of preparing as well as dispensing drugs and medicines. It is a health profession that links health sciences with chemical sciences and aims to ensure the safe and effective use of pharmaceutical drugs. The scope of...
A prescription drug (also prescription medication or prescription medicine) is a licensed medicine that is regulated by legislation to require a medical prescription before it can be obtained. The term is used to distinguish it from over-the-counter drug...