Boston, MA -- (ReleaseWire) -- 05/29/2014 -- BMI View: The Canadian pharmaceutical and healthcare market will become increasingly attractive to pharmaceutical companies over the next few years as e conomic growth in the country gradually accelerate s. The hospitable business environment, improving healthcare coverage and broader drug reimbursement lists will continue to provide revenue-generating opportunities for drugmakers.
Headline Expenditure Projections
- Pharmaceuticals: CAD25.6bn (USD24.9bn) in 2013 to CAD25.9bn (USD22.5bn) in 2014; +0.8% in local currency terms and -9.7% in US dollar terms. Forecast changed from Q214 due to changes to macroeconomic data.
- Healthcare : CAD204.5bn (USD198.6bn) in 2013 to CAD212.1bn (USD184.5bn) in 2014; +3.7% in local currency terms and -7.1% in US dollar terms. Forecast up from Q214 due to changes to macroeconomic data.
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Canada scores 68.7 in BMI's Pharmaceutical and Healthcare Risk/Reward Ratings (RRR) matrix, making it the second-most attractive pharmaceutical market in America.
Key Trends And Developments
- In April 2014 Valeant Pharmaceuticals International announced the proposed acquisition of Allergan, which is best known for its anti-wrinkle treatment Botox (onabotulinumtoxinA), by offering to swap each Allergan share for USD48.30 in cash and 0.83 Valeant shares on 21 April, 2014.
- In April 2014, GlaxoSmithKline's Incruse Ellipta (umeclidinium) received market authorisation (MA) in Canada as a long-term, once-daily maintenance bronchodilator treatment of airflow obstruction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and emphysema. This is the first MA granted for this product anywhere in the world.
- In April 2014, AbbVie announced that a new treatment called Duodopa (levodopa/carbidopa intestinal gel), is now available to Canadians suffering from advanced Parkinson's disease.
BMI Economic View: Economic growth in Canada will gradually accelerate over the next few years,...
The Canada Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.
BMI's Canada Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Canadian pharmaceutical and healthcare industry.
- Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Canada to test other views - a key input for successful budgeting and strategic business planning in the Canadian pharmaceutical and healthcare market.
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