Canada Oncology Drugs Market Analysis

Canada Oncology Drugs Market Analysis


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By 2030, it is anticipated that the Canadian oncology drugs market will reach a value of $46 Mn from $15.7 Mn in 2022. The Canadian oncology drugs market would likely grow at a CAGR of 11.6% during 2022-30. The companies operating in the oncology drug in Canada market are AstraZeneca Plc. GlaxoSmithKline, Eli Lilly & Co., Roche Diagnostics, Novartis AG, Pfizer Inc., Merck & Co., Gilead, Sanofi S.A, and Celgene Corporation. The Canadian oncology drugs market is segmented based on therapy modality and types of cancer. Key factors for market growth in the oncology market can be the high rise in cancer cases, increasing research on the oncology sectors, and so on.

ID: IN10CAPH018 CATEGORY: Pharmaceuticals GEOGRAPHY: Canada

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Canada Oncology Drugs Market Analysis Summary

By 2030, it is anticipated that the Canadian oncology drugs market will reach a value of $46 Mn from $15.7 Mn in 2022. The Canadian oncology drugs market would likely grow at a CAGR of 11.6% during 2022-30. One in six deaths worldwide and almost one in three deaths in Canada are caused by cancer, making it one of the leading causes of death in the world. According to estimates, there will be 225,800 new oncology cases and 83,300 cancer deaths in Canada in 2020 alone. According to estimates, 2 in 5 Canadians will get cancer at some point in their lives. By 2022, total health expenditures in Canada are projected to be $331 Bn or $8,563 per person.

Canada Oncology Drugs Market Analysis

Market Dynamics

Market Growth Drivers Analysis

Oncology drugs with high price tags make up an increasing portion of drug costs in private drug plans in Canada. Top-selling new oncology medications are readily available in Canada, similar to other comparable nations.

Market Restraints

The oncology market in Canada has shifted significantly over the past ten years in favor of more expensive medications, which could cause market growth to become saturated.

Competitive Landscape

Key Players

  • Taiho Pharma Canada (CAN)
  • AA Pharma (CAN)
  • Abbvie Corporation (CAN)
  • ACIC Pharmaceuticals (CAN)
  • AstraZeneca Plc.
  • GlaxoSmithKline
  • Eli Lilly & Co.
  • Roche diagnostics

Notable Recent Deals

July 2022: Sierra Oncology, Inc., a biopharmaceutical company based in California that specializes in targeted therapies for the treatment of rare forms of cancer, has been acquired by GSK plc, according to a statement released today.

August 2021: Trillium Therapeutics Inc., a clinical-stage immuno-oncology company developing novel therapies for the treatment of cancer, and Pfizer Inc. announced that the two companies have entered into a binding agreement under which Pfizer will acquire Trillium. In accordance with the terms of the agreement, Pfizer will purchase all outstanding shares of Trillium that it does not already own for $2.26 billion, or $18.50 per share, in cash, which represents the implied equity value. This is a 118% premium over Trillium's 60-day moving average price.

Healthcare Policies and Regulatory Landscape

The national agency responsible for governing, assessing, and monitoring the security, effectiveness, and caliber of therapeutic and diagnostic products offered to Canadians is Health Canada's HPFB.

The cost of many medications is covered by the Ontario Drug Benefit (ODB) Program for people once they turn 65. Drugs covered by the Ontario Drug Benefit Program are either included in the ODB Formulary/Comparative Drug Index (the "Formulary") or are given special consideration through the Exceptional Access Program (EAP) on a case-by-case basis.

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

Oncology Drugs Market Segmentation

By Drug class

  • Cytotoxic drugs
    • Alkylating agents
    • Antimetabolites
    • Others
  • Targeted drugs
    • Monoclonal antibodies
    • Others
  • Hormonal drugs
  • Others

By Therapy

  • Chemotherapy
  • Targeted therapy
  • Immunotherapy

By Indication

  • Lung cancer
  • Stomach cancer
  • Colorectal cancer
  • Breast cancer
  • Prostate cancer
  • Others

By Dosage form

  • Solid
    • Tablets
    • Capsules
  • Liquid
  • Injectable
    • Prefilled syringes
    • Others

By Distribution channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online 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: 05 December 2023
Updated by: Dr. Purav Gandhi

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