Pharmaceutical Market Expected To Reach US$23.8bn by 2014

The Canadian pharmaceutical market is expected to continue on an upward compound annual growth rate (CAGR) of 2.55% in US dollar terms and 4.3% in local currency. Growth will be driven by the ageing population which will increase demand for chronic diseases medicines. BMI also expects pricing reforms to influence this outlook, although until patented and generic drug prices are more aligned across provinces and territories we will maintain our current view on

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