Canada Pharmacy Market Size & Outlook, 2024-2030

The pharmacy market in Canada is expected to reach a projected revenue of US$ 68,942.7 million by 2030. A compound annual growth rate of 7.4% is expected of Canada pharmacy market from 2025 to 2030.
Revenue, 2024 (US$M)
$45,027.0
Forecast, 2030 (US$M)
$68,942.7
CAGR, 2025 - 2030
7.4%
Report Coverage
Canada

Canada pharmacy market highlights

  • The Canada pharmacy market generated a revenue of USD 45,027.0 million in 2024 and is expected to reach USD 68,942.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 7.4% from 2025 to 2030.
  • In terms of segment, prescription was the largest revenue generating product in 2024.
  • OTC is the most lucrative product segment registering the fastest growth during the forecast period.

Pharmacy market data book summary

Market revenue in 2024USD 45,027.0 million
Market revenue in 2030USD 68,942.7 million
Growth rate7.4% (CAGR from 2024 to 2030)
Largest segmentPrescription
Fastest growing segmentOTC
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPrescription, OTC
Key market players worldwideCVS Health Corp, Walgreens Boots Alliance Inc, The Cigna Group, Walmart Inc, The Kroger Co, Rite Aid Corp, WELL Health Technologies Corp, Humana Inc

Other key industry trends

  • In terms of revenue, Canada accounted for 3.3% of the global pharmacy market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. pharmacy 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 68,942.7 million by 2030.

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Pharmacy Market Companies

Name Profile # Employees HQ Website

Canada pharmacy 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 pharmacy market will help companies and investors design strategic landscapes.


Prescription was the largest segment with a revenue share of 64.96% in 2024. Horizon Databook has segmented the Canada pharmacy market based on prescription, otc covering the revenue growth of each sub-segment from 2018 to 2030.


  • Canada Pharmacy Product Outlook (Revenue, USD Million, 2018-2030)
    • Prescription
    • OTC
  • Canada Pharmacy Pharmacy Type Outlook (Revenue, USD Million, 2018-2030)
    • Hospital Pharmacy
    • ePharmacy
    • Other Pharmacy Type
    • Retail Pharmacy
      • Chain
      • Independent
      • Other Retail Pharmacy

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  • Our clientele includes a mix of pharmacy 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 pharmacy market, including forecasts for subscribers. This country databook contains high-level insights into Canada pharmacy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada pharmacy market size, by product, 2018-2030 (US$M)

Canada Pharmacy Market Share, 2024 & 2030 (US$M)

Canada pharmacy market size, by product, 2018-2030 (US$M)

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