Canada Branded Generics Market Size & Outlook, 2021-2030
Canada branded generics market, 2018-2030 (US$M)
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Canada branded generics market highlights
- The Canada branded generics market generated a revenue of USD 4.6 billion in 2021 and is expected to reach USD 7.1 billion by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2022 to 2030.
- In terms of segment, anti-hypertensive was the largest revenue generating drug class in 2021.
- Hormones is the most lucrative drug class segment registering the fastest growth during the forecast period.
Branded generics market data book summary
| Market revenue in 2021 | USD 4.6 billion |
| Market revenue in 2030 | USD 7.1 billion |
| Growth rate | 5.1% (CAGR from 2021 to 2030) |
| Largest segment | Anti-hypertensive |
| Fastest growing segment | Hormones |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering drugs, Anti-depressants, Anti-psychotics, Anti-epileptics |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, Lupin, Sanofi SA, Sun Pharmaceutical Industries, Dr. Reddy’s Laboratories, GlaxoSmithKline, Pfizer Inc, Apotex Inc., Viatris Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global branded generics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. branded generics 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 7.1 billion by 2030.
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Branded Generics Market Scope
Branded Generics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada branded generics 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 branded generics market will help companies and investors design strategic landscapes.
Anti-hypertensive was the largest segment with a revenue share of 15.22% in 2021. Horizon Databook has segmented the Canada branded generics market based on alkylating agents, antimetabolites, hormones, anti-hypertensive, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics covering the revenue growth of each sub-segment from 2018 to 2030.
The branded generics market in Canada is expected to witness substantial growth due to favorable government policies and increase in strategic initiatives. These initiatives support key generic manufacturers in facilitating import and entry of generic products.
An article published in 2017 suggested that around 71% of the U.S. patient population prefers buying medicines imported from Canada, which presents an opportunity for branded generic drug manufacturers.
This is because FDA recommends importing generics from countries with equally high regulatory standards. In addition, hormonal infertility issues are anticipated to boost market growth. According to a report published by Canada’s government in 2019, around one in six couples reports infertility in Canada.
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Our clientele includes a mix of branded generics 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 branded generics market , including forecasts for subscribers. This country databook contains high-level insights into Canada branded generics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada branded generics market size, by drug class, 2018-2030 (US$M)
Canada Branded Generics Market Outlook Share, 2021 & 2030 (US$M)
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