In 2023, the sales of non-prescription pharmaceuticals in non-store retailing in Canada were recorded at CAD 67.00 million. From 2024 onwards, sales are forecasted to grow steadily, reaching CAD 82.55 million by 2028. The year-on-year percentage growth is approximately 4.64% from 2024 to 2025, 4.36% from 2025 to 2026, 4.10% from 2026 to 2027, and 3.85% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is estimated to be around 4.21%, indicating a consistent upward trend in this market.
Future trends to watch for:
- Increasing consumer health awareness leading to higher demand for non-prescription pharmaceuticals.
- The rising prevalence of online retail channels, enhancing accessibility and convenience for consumers.
- Technological advancements in e-commerce platforms improving customer experiences and influencing purchasing behavior.