Top pharmaceutical companies located in Canada in 2017, by revenue
Total pharmaceutical sales in Canada came to about 27 billion U.S. dollars in 2017. Of this, U.S.-based diversified health company Johnson & Johnson generated nearly 3.2 billion dollars. Thus, J&J held the largest market share with over 11 percent. With a significant distance, Swiss-based company Novartis was ranked second holding a market share of over five percent. These figures are based on the sales of both prescribed and non-prescribed medicines.
Canada in a global context
Canada’s pharmaceutical market is among the global top 10 national markets. The market share stands at nearly two percent of the total global pharmaceutical market. In a large part, the Canadian market is dominated by the big pharma companies from the U.S. and Europe. Among the most important Canada-based companies are Apotex, Bausch Health (ex-Valeant Pharmaceuticals), and Teva Canada.
Economic importance
The drug manufacturing industry is mostly centered in the metropolitan areas of Toronto, Montreal, and Vancouver, and employs about 30 thousand people. As in many other countries, the pharmaceutical sector is one of the most innovative industries in Canada, spending around one billion Canadian dollars on research and development every year. Over 50 percent of pharmaceutical products manufactured in Canada are exported, of which the largest part is to the United States.
Canada in a global context
Canada’s pharmaceutical market is among the global top 10 national markets. The market share stands at nearly two percent of the total global pharmaceutical market. In a large part, the Canadian market is dominated by the big pharma companies from the U.S. and Europe. Among the most important Canada-based companies are Apotex, Bausch Health (ex-Valeant Pharmaceuticals), and Teva Canada.
Economic importance
The drug manufacturing industry is mostly centered in the metropolitan areas of Toronto, Montreal, and Vancouver, and employs about 30 thousand people. As in many other countries, the pharmaceutical sector is one of the most innovative industries in Canada, spending around one billion Canadian dollars on research and development every year. Over 50 percent of pharmaceutical products manufactured in Canada are exported, of which the largest part is to the United States.
