Canada Pharmaceuticals & Healthcare Q1 2021
Pharmaceutical revenues face an increasingly challenging outlook in Canada over the coming years as a result of aconcerted focus on reducing patented medicine prices. We have revised downward our 10-year pharmaceutical market forecast toreflect recent medicine price regulation changes and might revise it further once the details of the single-payer Pharmacareprogramme become clearer over the coming quarters. Despite this current lack of details, we anticipate continued steps towardsthe implementation of a single-payer prescription medicine coverage programme, which will put additional pressure on medicineprices. Even if Pharmacare is implemented, Canada will remain a major global market in terms of pharmaceutical market size, whiledemand for chronic disease treatment will continue to increase.
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