In 2023, sales of non-steroid anti-inflammatory and antirheumatic medicines in Canada were recorded at approximately 215 million US dollars. Forecasts for the subsequent years indicate a gradual decline: 204.6 million in 2024, 200.8 million in 2025, 197.8 million in 2026, 195.3 million in 2027, and 193.3 million in 2028. This showcases a downward trend.
The year-on-year percentage decline between 2024 and 2025 is projected at approximately -1.9%. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be -1.4% per year, highlighting a continuous reduction in sales value.
Future trends to watch for include:
- Innovation in drug formulations and delivery methods to mitigate side effects.
- Potential impact of healthcare policy changes and drug price negotiations.
- Increased focus on alternative therapies, including biologics and personalized medicine.
- Growing awareness and preventive measures for diseases causing inflammation.