Canada Gastrointestinal Therapeutics Market Size & Outlook
Canada gastrointestinal therapeutics market, 2018-2030 (US$M)
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Canada gastrointestinal therapeutics market highlights
- The Canada gastrointestinal therapeutics market generated a revenue of USD 1,892.7 million in 2022 and is expected to reach USD 2,409.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, branded was the largest revenue generating drug type in 2022.
- Generics is the most lucrative drug type segment registering the fastest growth during the forecast period.
Gastrointestinal therapeutics market data book summary
| Market revenue in 2022 | USD 1,892.7 million |
| Market revenue in 2030 | USD 2,409.1 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Branded |
| Fastest growing segment | Generics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Branded, Generics |
| Key market players worldwide | AbbVie Inc, AstraZeneca PLC, Bausch Health Companies Inc, Takeda Pharmaceutical Co Ltd, Pfizer Inc, Bayer AG, Abbott Laboratories, Janssen Pharmaceuticals, Sun Pharmaceutical Industries, Cipla Ltd DR, Gilead Sciences Inc, Biogen Inc, Organon & Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global gastrointestinal therapeutics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. gastrointestinal therapeutics 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 2,409.1 million by 2030.
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Gastrointestinal Therapeutics Market Scope
Gastrointestinal Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada gastrointestinal therapeutics 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 gastrointestinal therapeutics market will help companies and investors design strategic landscapes.
Branded was the largest segment with a revenue share of 68.22% in 2022. Horizon Databook has segmented the Canada gastrointestinal therapeutics market based on branded, generics covering the revenue growth of each sub-segment from 2018 to 2030.
Gastrointestinal therapeutics market in Canada is expected to witness lucrative growth, owing to the high prevalence of gastrointestinal disorders, such as Gastroesophageal Reflux Disease (GERD) and Irritable Bowel Syndrome (IBS).
Furthermore, increasing penetration of key players with novel drugs is anticipated to support the country’s growth in the coming years. For instance, in January 2020, Janssen Pharmaceutical, a subsidiary of Johnson & Johnson, gained Health Canada approval for STELARA for the treatment of moderately to severely active ulcerative colitis in adult patients.
Various emerging players are undertaking strategic initiatives, such as mergers and acquisitions, to expand their therapeutics portfolio. For instance, in December 2016, Knight Therapeutics Inc., a Canada-based specialty pharmaceutical company, gained the exclusive license to market and sell MOVANTIK in Canada and Israel from AstraZeneca plc.
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Target buyers of Canada gastrointestinal therapeutics market databook
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Our clientele includes a mix of gastrointestinal therapeutics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada gastrointestinal therapeutics market, including forecasts for subscribers. This country databook contains high-level insights into Canada gastrointestinal therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada gastrointestinal therapeutics market size, by drug type, 2018-2030 (US$M)
Canada Gastrointestinal Therapeutics Market Share, 2022 & 2030 (US$M)
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