Canada Active Pharmaceutical Ingredients Market Size & Outlook
Canada active pharmaceutical ingredients market, 2018-2030 (US$M)
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Canada active pharmaceutical ingredients market highlights
- The Canada active pharmaceutical ingredients market generated a revenue of USD 7,418.6 million in 2023 and is expected to reach USD 10,932.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Biotech is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
Active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 7,418.6 million |
| Market revenue in 2030 | USD 10,932.4 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, AbbVie Inc, Aurobindo Pharma, Sandoz Group AG Registered Shares, Viatris Inc, Fresenius Kabi |
Other key industry trends
- In terms of revenue, Canada accounted for 3.1% of the global active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10,932.4 million by 2030.
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Active Pharmaceutical Ingredients Market Scope
Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada active pharmaceutical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 71.98% in 2023. Horizon Databook has segmented the Canada active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
The interest of manufacturers is increasing in entering Active Pharmaceutical Ingredients (APIs) market in this region. For instance, in March 2022, Viatris Inc., in collaboration with Biocon, launched oncology biosimilar Abevmy in Canada.
In May 2022, Piramal Pharma Limited's Pharma Solutions business established a new API plant in Aurora, Ontario, with more than 10,000 square feet of manufacturing site. Moreover, in July 2021, MediPharm Labs received a license from Health Canada for manufacturing and sale of cannabis API in Canada.
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Target buyers of Canada active pharmaceutical ingredients market databook
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Our clientele includes a mix of active pharmaceutical ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Canada active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Canada Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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