Canada Cardiovascular Diseases Therapeutics Market Analysis

Canada Cardiovascular Diseases Therapeutics Market Analysis


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Canada's cardiovascular disease therapeutics market is likely to grow at a CAGR of 7.22% from a market size of $13.01 Bn in 2022 to $22.72 Bn in 2030. Rising cardiovascular disease prevalence and growing R&D are the major market driver. This report is segmented by disease indication, drug type, route of administration, drug classification, mode of purchase, and by end users. Some key players in this market include Johnson and Johnson, Gilead, AstraZeneca, Novartis, Roche, Merck, Pfizer, and others.

ID: IN10CAPH033 CATEGORY: Pharmaceuticals GEOGRAPHY: Canada AUTHOR: Dhruv Joshi

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Canada Cardiovascular Disease Therapeutics Market Executive Summary

The Canada Cardiovascular Disease Therapeutics Market size is at around $13.01 Bn in 2022 and is projected to reach $22.72 Bn in 2030, exhibiting a CAGR of 7.22% during the forecast period 2022-2030. In 2021, it is anticipated that Canada's total health spending will amount to $308 billion, or $8,019 per person. Estimates indicate that health spending will account for 12.7% of Canadian GDP (GDP). The public sector finances healthcare services while the private sector actually provides them in Canada's hybrid public-private healthcare system. There isn't currently a national procurement model in place. Although each province has its own laws, they can change depending on the region or the services being offered. Provincial governments across Canada are creating or researching fresh approaches to buying healthcare, including centralized ones.

According to 2018 data from the Canadian Chronic Disease Surveillance System (CCDSS), approximately 1 in 12 Canadians (2.6 million) with a diagnosis of heart disease live with it, while 14 Canadians with a diagnosis of heart disease pass away every hour. Adults age 20 and older with heart disease die at a rate that is 2.9 times greater than that of those without the condition, 4.6 times higher than that of those who have had a heart attack, and 6.3 times higher than that of those who have heart failure. The province with the most heart disease sufferers is Ontario, followed by Quebec and British Columbia.

canada cardiovascular disease therapeutics market analysis

Market Dynamics

Market Growth Drivers

One of the main causes of death in Canada is cardiovascular disease, which includes heart disease and stroke. The incidence of CVD is anticipated to climb further due to an aging population and rising rates of risk factors such as hypertension, diabetes, and obesity. As a result, there is an increasing need for CVD treatments. New cures and treatments for CVD have been made possible by technological improvements. This covers the application of gene therapies, targeted medicines, and cutting-edge drug delivery systems. These developments are anticipated to enhance treatment outcomes and fuel the expansion of the Canadian market for CVD medicines.

Pharmaceutical companies are spending a lot of money on research and development to create new, better CVD medicines. This covers the creation of medications that specifically target the processes implicated in CVD as well as the creation of gene and stem cell therapies. Innovation in the market for CVD medicines is anticipated to be fueled by increased R&D spending. The burden of CVD in Canada has been addressed by a number of interventions put in place by the Canadian government. This entails raising public awareness of CVD, supporting CVD research, and putting policies in place to enhance patients with CVD's access to care. By boosting the demand for therapies and facilitating access to care, these measures are anticipated to fuel growth in the market for CVD medicines.

Market Restraints

  1. Strict regulatory requirements: Before new pharmaceuticals in Canada can be put on the market, they must first pass a rigorous regulatory process that can be drawn out and complicated. The rate at which new CVD medicines are released onto the market may be constrained as a result.
  2. Competition from generics: Many of the branded CVD medications in Canada are about to or will soon have their patents expire, making generic medications more competitive on the market. This may result in pricing pressure and decreased sales of branded medications.
  3. High cost of treatment: The expense of treating CVD can be high; some newer medications can go into the tens of thousands of dollars annually. Patients' access to care may be hampered by this, especially those without insurance.

Competitive Landscape

Key Players

  • Pfizer
  • AstraZeneca
  • Eli Lilly
  • Novartis
  • Roche
  • Merck
  • Pfizer
  • Bristol-Myers Squibb

Healthcare Policies and Regulatory Landscape

Health Canada, the nation's federal health regulatory organization, is in charge of Canada's regulatory environment for treatments for cardiovascular disease (CVD). Drugs, medical equipment, and other healthcare goods must be safe, efficient, and of a high caliber, according to Health Canada. Pharmaceutical firms must file a New Drug Submission (NDS) to Health Canada in order to commercialize a new medicine in Canada. The NDS contains information about the drug's quality, safety, and efficacy as well as data from preclinical and clinical research. After reviewing the NDS, Health Canada decides whether to approve the drug's commercialization in Canada.

Pharmaceutical firms must adhere to several rules and regulations regarding the creation, production, and marketing of drugs in addition to the NDS. These laws and policies are intended to guarantee the ethical and safe development and marketing of medicines. Moreover, Health Canada is in charge of post-market monitoring of medications, including CVD therapies. This entails keeping an eye on unfavorable incidents and completing regular safety reviews of the medications available. Overall, the regulatory framework for CVD treatments in Canada is created to guarantee that medicines are high-quality, safe, and efficient. Although the regulatory process might be drawn out and complicated, it is crucial in ensuring Canadians' health and safety.

Notable Deals

2020: In mid-morning trading, Correvio Pharma (TSX: CORV), a fellow Canadian company, saw its shares rise 12.22% to $0.35, while Advanz Pharma (TSX: ADVZ) was down 1.9%. The two companies have reached an agreement for Advanz Pharma (TSX: ADVZ) to purchase all of the issued and outstanding shares of Correvio.

In 2018, Sanofi acquired Bioverativ, a biotech company focused on developing treatments for hemophilia and other blood disorders. Bioverativ had a pipeline of CVD therapeutics, including a drug for the treatment of severe hypertriglyceridemia.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Canada Cardiovascular Disease Therapeutics Segmentation

By Disease Indication (Revenue, USD Billion):

  • Hypertension
  • Coronary Artery Disease
  • Hyperlipidaemia
  • Arrhythmia
  • Others

By Drug Type (Revenue, USD Billion):

  • Antihypertensive
  • Anticoagulants
  • Antihyperlipidemic
  • Antiplatelet Drugs
  • Others

By Route of Administration (Revenue, USD Billion):

  • Oral
  • Parenteral
  • Others

By Drug Classification (Revenue, USD Billion):

  • Branded Drugs
  • Generic Drugs

By Mode of Purchase (Revenue, USD Billion):

  • Prescription-Based Drugs
  • Over-The-Counter Drugs

By End Users (Revenue, USD Billion):

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies
  • Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 29 March 2023
Updated by: Anish Swaminathan

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