The pharmaceutical goods market size per capita in Canada has shown fluctuations between 2012 and 2022. After peaking at $48.73 in 2013, it declined to a low of $36.04 in 2017, before slightly fluctuating and ending at $36.29 in 2022. From 2020 to 2021, the sector experienced a significant recovery with a year-on-year growth of approximately 31%. However, the growth trend dampened, leading to a decline by 2022. Over the last five years, the compound annual growth rate (CAGR) reveals stability with negligible shifts on average annually.
Looking forward, it is essential to monitor potential disruptions from regulatory changes, innovation in personalized medicine, and impacts from any global economic adjustments. Emerging trends in digital health could redefine market dynamics, offering new opportunities for growth and resilience in Canada's pharmaceutical sector.
How does Canada rank in Pharmaceutical Goods Market Size Value Per Capita?
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 44.82 | 2023 | View data | ||
| 2 | 2 Australia | 41.26 | 2023 | View data | ||
| 3 | 3 Germany | 40.08 | 2023 | View data | ||
| 4 | 4 Switzerland | 38.82 | 2023 | View data | ||
| 5 | 5 Austria | 38.7 | 2023 | View data | ||
| 6 | 6 Israel | 35.96 | 2023 | View data | ||
| 7 | 7 Canada | 35.9 | 2023 | |||
| 8 | 8 France | 34.76 | 2023 | View data | ||
| 9 | 9 New Zealand | 33.74 | 2023 | View data | ||
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