Canadian Pharmacy Market Report with Executive Summary, Size, Analysis and Forecast to 2023-2028

Report Overview

The Canadian dermatological therapeutics market size stood at around USD 1.65 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The Canadian skincare industry is growing tremendously at xx% from 2015-2019 and is forecasted to grow by xx% (2020-2028), as more Canadians are investing in their skincare and the market is driven by an aging population looking for solutions to maintaining healthy skin and younger. Technological advancements and the increasing prevalence of skincare are anticipated to fuel the growth.

Market Drivers

Canada's market is majorly driven by the rising burden of dermatology diseases. The skincare market is driven by the consumer attitude that is, to improve their quality of life in terms of looks and this attitude is visible across all the age groups. The Growing demand for anti-aging products and innovative and eco-friendly packaging designs are attributing to the market growth in the country. Canada's skin allergy market is forecasted to grow by 3.9% over the 2020-2027 period. The extensive presence of online retail channels is also influencing sales of cosmetics in the country. The collective incidence of dermatological diseases and increasing levels of awareness-related disease progression, Etiology, and available therapies are leading to the high growth of dermatological therapeutics.

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Top 5 Major Players

With the advancement in technology many new players are emerging in the dermatology market, as a result, there are many growth opportunities in the market. Recently, Sanofi has introduced Dupixent drug is the first biologic to be approved by Health Canada for the treatment of moderate-to-severe atopic dermatitis (AD) in adolescent patients aged 12 years and older. And Bausch Health, Canada has also launched its novel topical prescription drug Duobrii which is the first of its kind Topical Antipsoriatic Agent, it is used to treat the signs and symptoms of moderate to severe plaque psoriasis in adults and AKLIEF introduced by Galderma is the first new retinoid molecule to receive Health Canada approval for the treatment of acne other major players are Dermtek, Stiefel, etc.

The report delivers the challenges in front of the Canadian Pharmacy Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Canadian Pharmacys Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

Drug Class:

Based on drug class, Canada's dermatological market can be segmented into anti-infectives, corticosteroids, calcineurin inhibitors, retinoids, and other drug classes. And few drugs are reimbursed across the Canadian market. For instance, recently Abbvie's Skyrizi (an interleukin inhibitor) for the treatment of moderate to severe plaque psoriasis is now publicly reimbursed.

By Distribution Channel:

Based on the distribution channel, the derma market is classified into pharmacies and retail stores, online, supermarkets/hypermarkets, etc. Of these, it is expected that the pharmacy and retail store category will lead throughout the forecast period. This is due to the availability of a broad range of over-the-counter derma products, which are available in the pharmacy and retail stores. However, with the increasing trend toward online shopping and due to Covid-19 impact, people are preferring to make an online purchase and due to this online category is also witnessing faster growth in the derma market.

Top 5 Major Players

With the advancement in technology many new players are emerging in the dermatology market, as a result, there are many growth opportunities in the market. Recently, Sanofi has introduced Dupixent drug is the first biologic to be approved by Health Canada for the treatment of moderate-to-severe atopic dermatitis (AD) in adolescent patients aged 12 years and older. And Bausch Health, Canada has also launched its novel topical prescription drug Duobrii which is the first of its kind Topical Antipsoriatic Agent, it is used to treat the signs and symptoms of moderate to severe plaque psoriasis in adults and AKLIEF introduced by Galderma is the first new retinoid molecule to receive Health Canada approval for the treatment of acne other major players are Dermtek, Stiefel, etc.

The Canadian Pharmacy Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Canadian Pharmacy market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Canadian Pharmacy Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Canadian Pharmacy market. Each section of the research study is specially prepared to explore key aspects of the global Canadian Pharmacy Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canadian Pharmacy market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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Strategic Points Covered in Table of Content of Global Canadian Pharmacy Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canadian Pharmacy market
Chapter 2: Exclusive Summary - the basic information of the Canadian Pharmacy Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canadian Pharmacy
Chapter 4: Presenting the Canadian Pharmacy Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canadian Pharmacy market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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