Canada Oncology Market Analysis

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  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3011

  • Format: PPT, PDF

Canada Oncology Therapeutics Market: Segmented by – Treatment Type (Chemotherapy, Target Therapy, Immunotherapy), Drug Class (Cytotoxic Drugs, Targeted Drugs, Hormonal Drugs, Biologics, Others), and End User (Hospitals, Specialty Clinics, Cancer and Radiation Therapy Centres) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

Canada’s Oncological therapeutics market size stood at around USD 3.93 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Over the past decade, Significant sales growth and increasing treatment costs observed in the Canadian oncology market. Sales have almost tripled, treatment costs have nearly doubled, and drugs with 28-day treatment costs over $10,000 now represent one-third of total sales. With an aging population expected to increase demand for cancer therapies, and a strong pipeline of oncology medicines under development, this fast-growing market is expected to continue to be an important consideration for Canadian patients, prescribers, and payers in years to come. The cancer diagnostics and profiling markets are growing, as the researchers approach major technological breakthroughs in tumor diagnosis and therapy.

Market Drivers

Sales of oncology medicines in Canada have nearly tripled over the past decade, placing Canada fourth among the PMPRB11 countries in terms of growth in the oncology market. the major market drivers are Ease in regulatory approval, Increased healthcare spending for cancer, the rising prevalence of cancer, Strong R&D initiatives from key players. As the market grows, an increasing share is captured by more expensive therapies, EDRDs, and biologics, the increase in the cost of cancer treatment, along with drug prices, has resulted in the growth of the overall market.

1. Canada Oncological Therapeutics Market Overview…………………………………
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Ease in regulatory approval
B. Increased healthcare spending for cancer
C. Rising prevalence of cancer
D. Strong R&D initiatives from key players
3. Major Oncology Types
A. Breast cancer
B. Lung cancer
C. Colorectal cancer
D. Prostate cancer
E. Blood Cancer
F. Others
4. Oncological Therapeutics Market Segmentation…………………………………
A. Treatment Type
a. Chemotherapy
b. Target Therapy
c. Immunotherapy
B. By Drug Class
a. Cytotoxic Drugs
b. Targeted Drugs
c. Hormonal Drugs
d. Biologics
e. Others
C. End Users
a. Hospitals
b. Specialty Clinics
c. Cancer and Radiation Therapy Centres
5. Oncological Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. QIAGEN N.V. Company overview, Product & Services, Strategies & Financials
B. Becton Dickinson Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Dermatology drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Treatment Type:

Based on the type of treatment specified, the market is segmented into Chemotherapy, Target Therapy, Immunotherapy (Biologic Therapy), Hormonal Therapy. The targeted therapy was the largest segment of the oncology drugs market by drug class type, also the chemotherapy segment is expected to be the fastest-growing segment in the oncology drugs market.

By Drug Class:

Based on drug class, the Canadian Oncology market is segmented into cytotoxic drugs, targeted drugs, hormonal drugs, Biologics, and others. The targeted drugs segment held a dominant oncology drugs market share of the Canadian market in 2019. High-cost oncology medicines and Biologics are also accounting for a growing share of drug costs in Canada’s private drug plans.

By End User:

In line with the global scenario, the Canadian oncology market can also be segmented based on end-users like Hospitals, Specialty Clinics, Cancer and Radiation Therapy Centres. The hospital pharmacies are the largest segment of the oncology drugs market by distribution channel in Canada. In 2019, hospital sales accounted for 59% of Canada’s oncology market, whereas Retail sales accounted for 41% of total oncology spending.

Major Players

In Canada, the cancer therapy market is highly competitive and consists of several major players. In terms of market share, a few of the major players currently dominating the market. Their dominance is driven by a strong oncology product portfolio, key strategic business acquisitions, and new product developments since the Canadian oncology market is largely driven by new Drugs. Few major players are AstraZeneca, GlaxoSmithKline, Eli Lilly, Roche Diagnostics, Novartis, etc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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